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333omega
Posts: 1
Registered: ‎09-16-2010

SECURED CREDIT CARD ADVISE NEEDED

[ Edited ]

I am thinking of applying for a secured card with 5k limit to establish  a little credit. I only have a First Premier CC with $300 limit opened 4 months ago. What banks and CUs should I consider?

 

Thanks

Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009

Re: SECURED CREDIT CARD ADVISE NEEDED


333omega wrote:

I am thinking of applying for a secured card with 5k limit to establish  a little credit. I only have a First Premier CC with $300 limit opened 4 months ago. What banks and CUs should I consider?

 

Thanks


There's probably dozens of decent ones to consider, but if you can get into Navy Federal or PenFedyou'd be doing ok.  USAA also has a secured product now and they are really good.  Try to find one that has a reasonable chance of "graduating" after a year or so.

IAALBNYL
Frequent Contributor
MyFicoAddict
Posts: 284
Registered: ‎05-11-2009

Re: SECURED CREDIT CARD ADVISE NEEDED

Depending on where you are, google up a CU in your area, which is a community CU or if your employes has a CU join them pronto and speak to the lending department, let them know you want a secured card etc...

 

I think joining a CU would produce better results then a bank... just my opinion

Aim to be fiscally and physically fit...
EQ - 723 FICO as of Aug 2010
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Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010

Re: SECURED CREDIT CARD ADVISE NEEDED

Among Banks, 

 

Captial One only goes to $3K but it it worth a look, since they add unsecured lines. 

 

Also check out

Wells Fargo

US Bank

BofA

CIti

 

If you have very bad credit,  

Public Saving Bank is a good choice.

 


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