Emanuele Intorrella
Emanuele Intorrella
@emanuele-intorrella

Learn About Secured Credit Cards For Bad Credit And Apply At CreditCardBroker.com


Category: News & Politics
Duration: 00:07:14
Description:
Hello and Today you will learn about secured credit cards, how they can help, and where you can apply for one.

Apply Online Here: http://www.creditcardbroker.com/secured-credit-cards/

Have you been refused a credit card in the past?
CreditCardBroker.com has a possible solution for you!
Apply for a secured credit card.

About Secured Cards:
-Designed for people who want to establish or build a credit history
- Give access to a credit line to use
-Payments report to major credit bureaus
-You typically need to deposit cash as collateral for your credit limit (commonly from $200 to $2000)


About Secured Cards Continued:
-Most secured cards will have an annual fee, possibly other fees
-APR’s will be higher than an unsecured card
-Commonly your credit limit is what you deposit as collateral
-Be sure to read the terms and conditions



Typical requirements to obtain a secured card:
-You need the ability to make minimum payments so your income should be more than expenses.
-You need proper identification
-Past bankruptcies must be discharged


Tips once you get a secured card:

-Show the bank you can responsibly own a credit card!
-NEVER make a late payment
-Pay your bill on time each month
-Pay your balance in full OR pay more than your minimum payment each month.
-Never charge more than 10% of your total credit limit.

When applying for a secured card:

-Have your bank account information handy so you can deposit your money with the bank.
-Be sure to set 15 minutes aside to fill out the online application
-Have are your personal information handy
-Be sure it reports to all 3 credit bureaus

How long should I keep a secured credit card?
Keep your card active as long as possible. Closing an account can potentially reduce creditworthiness.

I was refused a secured card. Any other options?
-You do have other options.
-Ask a friend or family member if they can make you an “authorized user” on their account.
-There are no requirements to qualify and you will build a credit history with each on-time monthly payment. (Bank must be reporting)
-Get a cosigner.


About CreditCardBroker.com
CreditCardBroker.com is your online resource for credit cards, loans, merchant account, credit reports, and other financial products.
If you are interested in applying for a secured credit card, we have some offers for you to review on our website, CreditCardBroker.com!


Where can I apply for a secured credit card?

Visit: http://www.creditcardbroker.com/secured-credit-cards/
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