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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » Is secured card right for me? I need a credit line, but not too much. Is there an ...

Is secured card right for me? I need a credit line, but not too much. Is there an activation fee for this card?

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Leo Zhu

Consider a secured credit card. These cards require a deposit and the credit limit is equal to the collateral. The minimum amount of the deposit is usually $200. You can deposit more if you want a higher credit limit. For example, consider the . There is no activation fee and your credit performance will be reported to the credit bureaus.

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