There are many banks with secured credit cards and other credit/loan products designed for bad credit. How do you now which bank to go with as far as choosing a credit card? Take the time to really break down the card offer to see which one have the most favorable rates, fees, etc. Don’ forget to read the small print.
Here is a list of a few banks that offer secured credit cards:
- Bank of America
- Chase
- Citibank
- Applied Bank
- Orchard Bank
- Cross Country Bank
- First Premier Bank
- Wells Fargo
So, if you have bad credit, this is an alternative route to help you obtain a credit card, that hopefully reports to all 3 credit bureaus, and with ultimately assist you in getting a good credit rating. If you are interested in applying for a secured credit card, then feel free to browse some of our card offers to the left.
There are other ways to establish credit. Here are a few that come to mind: Open a savings or checking account and be sure to pay all your bills on time with them. Another alternative is to open a collateralize loan. If you really don’t understand the process, and would like assistance, then you can also consider locating a credit repair company that might be able to guide you. Be careful though, there are a lot of credit repair scams out there!
Once you get good credit, this means you have finally have proven your financial trustworthiness. With good credit, you will notice that you will receive lower interest rate loans, lower fees, thus you will save alot of money!
Having good credit is really very important, and having bad credit can be a real problem.