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How much of a deposit is necessary to apply for a secured credit card? |
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Date:
December 6, 2008, 1:48 am |
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How much of a deposit is necessary to apply for a secured credit card? |
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Answer:
The initial minimal credit line on a secured card is $250-$300 and the maximum may go as high as $10, 000. If you are looking to rebuild from very bad credit or from discharged bankruptcy, consider applying for a secured card on our website. There are top three secured offers that may interest you:If you prefer high limit, apply for Black Diamond Visa® from Millennium Bank. It allows you to make a deposit of up to $10, 000 with the minimum amount required to be $250-$300. There is no credit check, so you might be approved even if there is a bankruptcy record in your name. Secured Visa® Platinum issued by Bank of America comes with a similar credit limit, low annual fee and average APR. there is also a grace period to help you save on purchases while rebuilding credit. Secured Visa® Credit Card of Applied Bank offers a lower limit (up to $5 000) but its APR is much lower and there is no set up fee. No credit or income requirements apply, which increases your chances for approval. All three cards report to credit bureaus to help you improve credit faster. Start a better credit history with our secured cards. Apply online today. |
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