A secured credit cooperative allows you to borrow money against a fixed deposit. The lender will determine the minimum and maximum deposit. Many lenders place a hold on the funds. The money may still be included within your total balance. A typical secured credit Union has a credit limit at $3,500 and a deposit minimum of $300.
Capital One Platinum Secured Kreditkarte
Capital One Platinum Secured Credit Card allows customers to make a deposit of up to $200 to secure their credit card. Cardholders who pay their monthly bills in full can increase this credit limit. Within six months of receiving the card, applicants can apply for a credit limit increase.
The Platinum Secured Credit Card features a zero foreign transaction fee and no annual fee. This card is ideal for travelers. It allows you to use the card anywhere in world without paying any foreign transaction fee. You can also choose the due date for your statement and pay online or with a check.
Citi Secured Mastercard
Citi Secured Mastercards do not require credit checks. The credit card can be used anywhere that the Mastercard logo is accepted. This means that you can make purchases in over 212 countries around the world. It is accepted more than American Express, Visa, and Discover. This card has many benefits including free credit reporting monitoring and 24 hour emergency assistance.
Citi Secured Mastercard holders will pay no annual fees. Balance transfer fees are 5% of the balance that you transfer. Transferring a $1,000 balance can cost you $50. There is a $5 minimum balance transfer fee. When you have completed 18 months of responsible and consistent use, your deposit will automatically be refunded.
DCU Visa(r), Platinum Secured Credit Card
The DCU Visa(r), Platinum Secured credit card has a low introductory rate and is intended for those who want to improve their credit score. The card comes with a number of perks that will help you improve your credit score and financial literacy.
To apply for the DCU Visa(r) Platinum Secured credit card, you must first join the credit union and make a minimum deposit of $500. This is higher than the $200 minimum deposit required for most secured cards. However, the DCU Visa(r), Platinum Secured Credit Card offers low interest rate and no fees.
Platinum Advantage rewards
Secured credit cards offer many benefits. These include rewards programs that can be used to exchange for merchandise or travel vouchers. Platinum Rewards Secured Masterscard offers credit limits upto $25,000 with no annual fees. Plus, you can earn rewards every time you use your card. Redeem your points to purchase gift cards, merchandise, or for charity donations.
One point can be earned for every dollar spent. You may also be eligible for bonuses from local partners, like Cici's Italian restaurant. Advantage Rewards website offers gift cards, merchandise, and other benefits. This card also offers no annual fee and no fees for balance transfers, foreign transactions, or over-limit fees.
Platinum Cash rewards
American Heritage Credit Union might be the right place for you if you are interested in earning rewards when you spend on your secured credit cards. This credit union offers a variety of rewards programs for its members, including the Platinum Secured Mastercard. This card does not have an annual fee. You can also earn points every time that you use it. These points can be redeemed for merchandise or charity.
Share Savings supports the Platinum Rewards Secured Mastercard. You will earn reward points for every dollar you spend. These points can be used to redeem for merchandise, gift vouchers, or travel vouchers. This card is free and secure.