Secured Credit Cards: 5 Ways to Find Them
A person who needs to repair, or build up their credit, may want to look at signing up for one or more secured credit cards . With this type of card, a person makes a deposit and can then make charges up to that amount. One can charge purchases, and either pay off the balance or make minimum payments over time. The credit card holder, though, is responsible for ensuring the company that supplied the card reports it to the three major credit bureaus. There are five main things a person can do to find the best secured cards. The first thing to do is to check with a credit union. Many offer secured credit cards to members. Sometimes they also waive application and annual fees. They often offer low interest rates and additional options for rebuilding credit. The next way is to examine credit-card comparison websites. This is a good way to look at the good and bad points of the cards side-by-side and see which one is really best for each personal situation. A person can...