When looking for a secured credit card, there are several different options. These include the Capital One Platinum Secured Credit Card as well the Discover it Secured Visa. A new type of secured credit card, the Plastk Secured Visa, is also available. Clark Howard's ratings on the Capital One Platinum secured credit card are important to consider before you decide on a card.
Capital One Secured MasterCard
Capital One Secured MasterCard might be the best choice for you if your goal is to rebuild your credit score after bankruptcy, or any other credit issues. This card does not have an annual fee, and you can choose the payment due dates that work best for you. It does not charge foreign transaction fees.
Secured Visa
Secured credit cards may be the best option for you if you are looking to reduce your debt or build credit. These cards require a $200 security deposit and an initial credit limit of $200. They also don't charge an annual fee.
Plastk Secured Visa
The Plastk Secured Visa Card is a credit card for people with poor credit. While this card does not have a minimum income requirement it does require an annual fee and a maintenance fee of $6 per month. The card offers many benefits that will help you improve credit scores.
Capital One Low Rate Guaranteed Mastercard
Canadians with low credit scores can get the Capital One Low Rate Guaranteed MasterCard card. This card is an excellent choice for those who are looking to establish or repair their credit. A lower annual fee and interest rate will quickly be covered by the relatively low rate. Capital One also reports payments on behalf of the three major credit bureaus. This makes monitoring your financial position easier. The card allows you to pay online, by check or at a local bank.
Home Trust Secured Visa
The Home Trust Secured Visa Card can help you build good credit. The card allows you make a secure deposit equal to the card's credit limit. The deposit is returned when the card is closed or the debt is completely paid. You have the option to deposit as little as $500, or as much as $10,000.
Discover it Secured Kreditkarte
The Discover it Secured credit card is a great way earn rewards for your purchases. You can get a cashback program with this card that provides unlimited cash back, 2% cashback at gas stations and restaurants, as well as 1% cashback on all purchases. The card allows you to delete your personal information from some people search websites. To prevent your data from being used in criminal activities, you can get free alerts.