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Apply unsecured credit card but offer a security deposit?

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Creditchallengeddd
Valued Member

Apply unsecured credit card but offer a security deposit?

  1. Is it possible( or does it make sense !) to apply for a higher standard credit card that is unsecured and offer a security deposit ? Maybe improve chance of a higher standard card that wouldn't otherwise be approved.....thankyou! 
Message 1 of 5
4 REPLIES 4
FinStar
Moderator Emeritus

Re: Apply unsecured credit card but offer a security deposit?

Hi @Creditchallengeddd, welcome to the forums.

Which card(s) are you attempting to apply for? Only certain lenders offer secured credit card products.
Message 2 of 5
Anonymous
Not applicable

Re: Apply unsecured credit card but offer a security deposit?

It would make sense if you apply for Bank of America cards or Discover. They usually offer an alternative ways to get into the relationship with them
Message 3 of 5
JR_TX
Valued Contributor

Re: Apply unsecured credit card but offer a security deposit?

Welcome to the forum OP!
To answer your question, No you can not and they will not accept your voluntary offer of security deposit just to get approved for an unsecured credit card. There are only certain and specific secured credit cards in the market you can actually apply which by the way does not even guarantee your acceptance and approval.
You can go to each lender’s website that interests you and find out if they offer a secured credit card.
Citibank, BoA, Discover just to name a few offer secured cards. Goldman Sachs Apple card does not come in a secured iteration. Either you get approved or denied in your app.
Good Luck!
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Message 4 of 5
Creditchallengeddd
Valued Member

Re: Apply unsecured credit card but offer a security deposit?

Thanks for help everyone I understand now and have a good day!

Message 5 of 5
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