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Established Contributor
Breakthecycle2
Posts: 786
Registered: ‎09-15-2008
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I need a good secured card

One that will grow over time. I know Bank of America is good, but I have a feeling I will get denied. Any other suggestions?

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Established Contributor
MsKiwi
Posts: 832
Registered: ‎03-20-2008
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Re: I need a good secured card


Breakthecycle2 wrote:
One that will grow over time. I know Bank of America is good, but I have a feeling I will get denied. Any other suggestions?

 

I've heard that citi and wells fargo have a fairly decent secured card. I'm thinking of going with Wells Fargo as opposed to BOA since they no longer do online apps for secured and the fact they are changing my free checking and savings to a monthly fee starting June 1st. (just got this notice with my statement the other day)
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
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Re: I need a good secured card

I suggest going with a Credit Union.

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Established Contributor
Brusilov
Posts: 605
Registered: ‎01-04-2009
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Re: I need a good secured card

[ Edited ]

They did actually bring back the online applications for BofA Secured, though for some reason it was down for a while.  Wells Fargo is also a pain for fees too unless you have one of their checking/savings packages (the exception being their Free Checking account, but it doesn't include BillPay or free checks past the first package).  Anyway, I have the WF secured and do like it a lot, and it even went partially unsecured after 6 months of good payment history.

 

EDIT: Typo

Message Edited by vonMannstein on 05-06-2009 08:19 AM
Message Edited by vonMannstein on 05-06-2009 08:19 AM
                    
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Established Contributor
cartercorp
Posts: 851
Registered: ‎07-01-2008
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Re: I need a good secured card


txjohn wrote:
I suggest going with a Credit Union.

 

Which Credit Unions have secured cards? 
Established Contributor
Brusilov
Posts: 605
Registered: ‎01-04-2009
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Re: I need a good secured card


cartercorp wrote:

txjohn wrote:
I suggest going with a Credit Union.

 

Which Credit Unions have secured cards? 

 

I am by no means an expert on CU's but from what I understand most CU's do not explicitly advertise their secured credit card offers, but it's something you can ask about and they'll work with you.  Generally I think they ask that you deposit X amount of dollars in an interest-bearing savings account as collateral.  It may also be a good idea to start a checking or savings account ahead of time and deposit money regularly to develop a relationship beforehand.
                    
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Garden Since: 9.25.2013
Established Contributor
Posts: 739
Registered: ‎06-30-2007
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Re: I need a good secured card

cu is the best option if they report I've taken a installments loan secured my saving and they don't report TU verify

 

 

People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS
Valued Member
TheRealT
Posts: 34
Registered: ‎04-05-2009
0

Re: I need a good secured card

I hate to sound like a broken record, but a few months back I took txjohn’s advice (from another thread) and located a good local credit union.  They have a secured VISA program, credit builder loans, free checking/savings, free online bill-pay, and the list goes on and on.

 

I love these guys.  I even got a nifty coffee mug and they have free popcorn!  :smileyhappy:

Valued Contributor
cobra19
Posts: 1,426
Registered: ‎07-24-2007
0

Re: I need a good secured card

Why?

 

 

 

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Frequent Contributor
moondog7324
Posts: 488
Registered: ‎04-09-2008
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Re: I need a good secured card

Why not?

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