Credit Cards Center Credit cards from our partners
Reply
Established Contributor
Posts: 786
Registered: ‎09-15-2008
0

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?

Starting Score: 454
Current Score: 690
Goal Score: 750


Take the FICO Fitness Challenge
Established Contributor
Posts: 832
Registered: ‎03-20-2008
0

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
Posts: 4,214
Registered: ‎09-12-2008
0

Re: I need a good secured card

I suggest going with a Credit Union.

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Established Contributor
Posts: 624
Registered: ‎01-04-2009
0

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
Established Contributor
Posts: 851
Registered: ‎07-01-2008
0

Re: I need a good secured card


txjohn wrote:
I suggest going with a Credit Union.

 

Which Credit Unions have secured cards? 
Established Contributor
Posts: 624
Registered: ‎01-04-2009
0

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.
Established Contributor
Posts: 739
Registered: ‎06-30-2007
0

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
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!  Smiley Happy

Valued Contributor
Posts: 1,424
Registered: ‎07-24-2007
0

Re: I need a good secured card

Why?

 

 

 

New York Yankees - 2009 World Series Champions. 27... and counting.....
Frequent Contributor
Posts: 488
Registered: ‎04-09-2008
0

Re: I need a good secured card

Why not?
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.