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SECURED CREDIT CARD ADVISE NEEDED

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SECURED CREDIT CARD ADVISE NEEDED

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

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Senior Contributor

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
Message 2 of 4
Frequent Contributor

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
TU - 757 FICO as of Sept 2010
EX - 742 FICO as of Oct 2010 (PSECU)
Message 3 of 4
Senior Contributor

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.

 

Message 4 of 4