topic Re: Easiest Secured CC to get? in Rebuilding Your Credit

Easiest Secured CC to get?

Jon85 — Sun, 24 Mar 2013 23:53:27 GMT

I didn't know if I should post this in the Credit Card section or here, but I thought since it's about rebuilding I'd post here...

What is the easiest secured card to get from one of the major banks? I tried Bank of America but got denied : (

Anyone else? I heard something about a secured Matrix card, but I got a shady feeling from them....

Re: Easiest Secured CC to get?

trix_r_4_kids — Sun, 24 Mar 2013 23:59:21 GMT

Stay away, far away, from Matrix.

Try Capital One. Their secured card, in my opinion, is one of the best.

Re: Easiest Secured CC to get?

Jon85 — Mon, 25 Mar 2013 00:08:15 GMT

Thank you!

I knew Matrix sounded fishy!!

I'd love to have Cap 1... but are they hard to get since I was denied for BOA?

Re: Easiest Secured CC to get?

mf037 — Mon, 25 Mar 2013 00:15:05 GMT

cap one secured i believe is the easiest to get. boa secured is not as lenient. i had 16 derogatories and 1 judgment when i applied back in 8/2012 and cap one approved me for $99 down only.

Re: Easiest Secured CC to get?

Anonymous — Mon, 25 Mar 2013 00:15:16 GMT

I'm 99% sure I would be denied with BoA, but I was approved for Cap 1.

Re: Easiest Secured CC to get?

chevyman — Mon, 25 Mar 2013 00:17:08 GMT

First premier unsecured is nuts 300 CL 75 annual fee applied to card before activation so u start at a 25 util and a 95 processing fee

Re: Easiest Secured CC to get?

cwwatts1202 — Mon, 25 Mar 2013 00:25:08 GMT

Def cap one secured. My husband was just approved for $200 CL with $99 deposit.

Re: Easiest Secured CC to get?

Datx — Mon, 25 Mar 2013 04:41:31 GMT

@Jon85 wrote:
Thank you!

I knew Matrix sounded fishy!!

I'd love to have Cap 1... but are they hard to get since I was denied for BOA?

BOA and Citi secured cards are on the tougher side to get approved for. Capital One is going to be on the easier side. When I started rebuilding a couple of years ago, I went with Cap One and Orchard. But I believe Orchard is now Cap One if im not mistaken. Try Cap One.

Re: Easiest Secured CC to get?

Ravensfan2001 — Mon, 25 Mar 2013 09:04:40 GMT

State Department FCU - easy to open a savings account online. Then call the loan department to apply for a secured Visa. They will hold the funds in your savings account as security. It's a great card - no AF, 6.99%, rewards, and no credit check if you apply by phone. If you apply for the card online, it's a hard pull. $250 minimum. Reports to all 3 CRAs as a secured card. They were on my CR before I received my card. And it does not graduate.

Otherwise, Capital One would be good.

Re: Easiest Secured CC to get?

new_earth — Mon, 25 Mar 2013 10:51:16 GMT

sounds good but what happens when you open the account, apply for the card and get denied? I was denied for a secured Capital One Probably no use in trying that one for me. ****oh, just saw the part where you apply by phone no credit check. hmmm I will look into this!

Re: Easiest Secured CC to get?

Anonymous — Mon, 25 Mar 2013 11:11:19 GMT

If you are a member of a Credit Union, that may be the way to go in terms of getting a secured credit card.