Secured credit card is a card which is issued by a bank or a finance company . A secured card is a card which requires a security deposit and this deposit would build your credit limit, or can say the credit limit would be equal to the security deposited. Secured cards are best suited for the people who have bad /low credits or no credit at all.
Benefits: The biggest benefits of this card is that it helps to re-establish ones credit score, and one can enjoy the benefits of having visa and master card.
Some banks and finance companies reports to the major credit bureaus , which help a person to build a credit score and if the payments are done on time the chances are there that a secured card can be converted into a unsecured card.
Unsecured credit card: Unsecure credits are cards that requires no security deposit. These cards require proper check and approval. These cards have lower rate of interest and fess than a secured credit card.
Benefits: If a cardholder has a decent credit score and still wants to lower the rate of interest, then unsecured credit card is a best option.
Types of secured/unsecured credit cards:Financial FCU Secured Visa Card
Ultra VX Visa Card: This is a type of secured credit card which allows a deposit of 25,000$ to have a credit limit to that of same amount. The other features are cash account which gives the facility like direct deposit, add cash instantly, pay any bill.
Orchard Bank Gold Master credit card: Orchard Bank offers both secured and unsecured credit cards. One can check the various options of cards available with the Orchard Bank for that one just needs to check their websites.
New Millennium Secured Platinum Visa /Master Card: In this there is no credit check is required, it reports to three major bureaus, and it can be approved regardless one's credit history
Total Visa Credit Card:Total Visa Credit Card is issued by Plains Commerce Bank, it reports to major bureaus,and offer instant online approval.
New Millennium Bank Secured Black Diamond Visa Card:It is issued by New millennium Bank, it reports to all major credit bureaus.
Applied Bank Visa Gold Card: It reports to all major credit bureaus and provide free, convenient online Account service.
Centennial Gold Master Credit Card: It is issued by the First Premier Bank,reports to all major credit bureaus,and provide instant credit responses.
Bank Of America Secured Visa Credit Card: It is a type of secured credit card, it reports to all major credit bureaus.
Citi Secured Master Card:Citi Secured Master Card is a type of secured credit card it is issued by CITI Bank.
Merrick Bank Secured Card:Merrick Bank Secured Card is a type of secured credit card which reports to all major credit bureaus and has instant online approval.
Amalgamated Bank Gold Secured Card:Amalgamated Bank Gold card comes under the category of secured credit cards, it reports to all major credit bureaus, has easy online access.
Wells Fargo Platinum Visa Credit Card:Wells Fargo Platinum Visa credit card is a type of secured credit card which provides easy online access.
Premier Soar Card:Premier Soar Card is a type of secured credit card.It provides instant application responses.
American Saving Bank Secured Visa Card:American Saving Bank provides credit line which is of same amount which is deposited in a saving bank account of American Saving Bank.
Pledge Master Card:Pledge Master Card is a type of secured credit card issued by First Premium Bank,which provides instant application responses.
US Bank Secured Visa Card:US Bank Secured Visa Card is a type of secured credit card in it one can deposit money 300$ which is the minimum amount till 3000$ which will act as a credit line.It also provide free online access.
Secured Platinum Master Card:Secured Platinum Master Card is a type of secured credit card and is issued by New Millennium Bank. It reports to all major credit bureaus,it is approved regardless of credit history.
Access Visa Credit Card:Access Visa Credit Card is a type of secured credit card which reports to all major credit bureaus and provides free online access.
First Premier Bank Platinum Credit Card:First Premier Bank Platinum Credit Card is a type of secured credit card which provides instant credit responses and reports to all major credit bureaus.
New Millennium Black Master Card:New Millennium Black Master Card is a type of secured credit card. It is approved regardless of credit history.
Vanquis Visa Card:Vanquis Visa Card is a type of secured credit card which offers no annual fee.
Aqua card:Aqua card is a type of secured credit card. It does not charge any annual fee.
Capital One Classic Visa Card:Capital One Classic Visa CarCard is a type of secured crdit card which is issued for the persons with poor credit or o credit at all, and it doesnot even charge annual fee.Credit Card for People with Bad credit Score
First Option Visa Card:First option Visa Card reports to all major credit bureaus and is guaranteed approved.
Home Trust Secured Visa Card:It reports to all major credit bureaus and purchases can be done online or over phone.
Sky Pass Secured Visa Credit Card:It charges an annual fee of 50 $ and one can earn 1000 bonus points at renewal.
Applied Bank Secured Visa Credit Card:It reports to all major credit bureaus and is accepted worldwide.Catholic Credit Union Share Secure Visa