Bad Credit? No Credit? Best Secured Credit Cards

What is a Secured Credit Card?

A secured credit card functions just like a regular credit card. You can make all the purchases you would normally make with an unsecured credit card with a secured credit card, from buying groceries, pumping gas, paying your bills online.

Unlike a regular credit card, the issuer of the secured credit card requires you to leave a deposit or security funds to cover the purchases you make with the credit card.

Who should get a Secured Credit Card?

Secured credit cards are ideal for those with no credit, poor/bad credit, or even average credit looking to establish or improve their credit profile, and score.

If you are being denied for unsecured credit cards (visa, master card, American Express or loans) due to no/new or poor credit, secured credit cards may be just for you. Secured credit cards will give you the ability to improve your credit profile, and increase the chances of approval in 6-12 months.

What do I need to get a Secured Credit Card?

  • You will need to provide the deposit or “security” funds for your secured crdit card. In most cases, you will need at least $300.
  • SSN (Social Security Number) or ITIN (Individual Tax Payer Number)

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