A secured credit union permits you to borrow funds against your deposit. The lender will determine the minimum and maximum deposit. Most lenders will place a hold upon the funds. The money may be included in your total account balance, however. A typical secured credit union has a credit limit of $3,500 and a minimum deposit of $300.
Capital One Platinum Secured Kreditkarte
Capital One Platinum Secured Credit Card offers a credit card that allows you to make up to $200 security deposit. This credit line can be increased as long as the cardholder consistently pays their monthly bill. Within six months of applying for the card, applicants may be granted a higher credit limit.
Platinum Secured Credit Cards have no annual fees and zero foreign transaction fees. This card is also a great choice for travelers, as it will allow you to use your card anywhere in the world without incurring any foreign transaction fees. You will also have the freedom to choose the payment due date on your statement, and you can pay with your check or online.
Citi Secured Mastercard
Citi Secured Mastercards do not require credit checks. You can use the credit card anywhere Mastercard logos are accepted. This means that you can make purchases in over 212 countries around the world. It is more popular than American Express, Visa and Discover. This card has many benefits including free credit reporting monitoring and 24 hour emergency assistance.
You will not be charged an annual fee for a Citi Secured Mastercard and you will only be charged balance transfer fees equal to 5% of any balance transferred. This can add up to $50 if you want to transfer a balance of $1,000. The minimum balance transfer fee you have to pay is $5. 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 offers a low APR and is ideal for consumers looking to improve their credit scores. This card offers many perks, including a creditwise (r) simulator.
The DCU Visa(r), Platinum Secured card requires that you first join the credit cooperative and deposit a minimum of $500. This amount is significantly higher than secured cards that start from around $200. The DCU Visa(r), Platinum Secured credit card has low interest rates and zero fees.
Rewards for Platinum Advantage
Secured credit card can provide a variety of benefits including rewards programs that you can redeem for merchandise or travel coupons. Platinum Rewards Mastercard gives you credit limits upto $25,000 and no annual fee. Every time you use your card, you earn rewards. Points can be used to redeem for merchandise, gift cards, or charity donations.
You can earn one point for every dollar you spend. Some credit cards also offer bonus programs through local partners like Cici's Italian Restaurant. Advantage Rewards also offers gift cards and merchandise. You don't have to pay an annual fee or any fees for balance transfers, foreign transactions, over-limit fees, or balance transfers.
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. The credit union offers many rewards programs, including the Platinum Secured Mastercard. The card is free of any annual fee and you can earn points each time you use it. These points can then be redeemed to buy merchandise or for charity.
Share Savings supports the Platinum Rewards Secured Mastercard. It rewards you with reward points for every dollar that you spend. You can redeem these points for merchandise, gift certificates, and travel vouchers. This credit union card is secure and offers no annual fee.