Welcome to Secured Credit Card for Bad Credit. We are a free consumer resource for those in need of secured credit card but are confused with all the fees, terms and scared of being ripped off. There are so many options when it comes to getting a secured credit card and with the majority of them being offered by what are considered predatory lenders due to the fees associated with the cards, that we have created this site to help consumers find the best deal available on a secured credit card.
Before You Apply
Before applying for any credit card (secured or not), you need to make sure that you are on the road to financial security. This means that you have a checking account as well as a savings account (other than the account securing your credit card). I know if you have bad credit, these can be hard to obtain so we have put together some resources below to help you take care of these necessities.
Checking Accounts - You need to be able to pay your bill and a checking account makes that easy, shows stability and is a requirement for most secured credit cards, including the Applied Bank secured visa card. The sites below provide options available to people in ChexSystems or who have bad credit.
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Bad Credit Checking Banks - Provides a directory of banks for those who can not get a checking account due to bad credit. Click here to get a bank account regardless of your past credit history.
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Second Chance Checking Banks - Provides a free directory of local banks and credit unions that do not use ChexSystems or Early Warning Services to verify new checking account applications. Click here to get more information and to find your new non ChexSystems bank
Savings Account - Now I know that your secured credit card will be secured by a savings account, but you really should have a savings account to save money for emergency needs. We recommend the HSBC Advance high interest savings account. This account has no fees, no minimum balance requirements and you can get started for only $1. Also, you will earn 5 times more interest than the national average on your money.
The steps above are the basic steps you need to do before trying to get a credit card and most importantly will help you build a solid financial future.
Now that you are ready to get a credit card, check out the recommended secured credit card for bad credit.
Recommended Secured Credit Card for Bad Credit
There are a lot of options in the secured credit card market, but not all of them are created equally. When it comes to fees, interest rates, etc. you can get ripped off really easily if your not careful and that is why we recommend the Platinum Zero® Secured Visa® Credit Card from Applied Bank®. There fees are among the lowest and the interest rate is a respectable 12.99% and is actually lower than some of the sought after prime credit cards. Check out the fee structure and other information below
Credit Limit - $500 - $5000
Annual Fee - none
Account Fee - $9.95 ($119.40 Annually
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Interest Rate - 0% Fixed Rate on Purchases and 9.99% Fixed Rate on Cash
Advances
Along with the low interest and fee structure, Applied Bank has solid recommendations and ratings by BankRate.com, TheStreet.com as well as many respected financial publications.
If you are ready to get your credit on track and have the convenience of a credit card, then the Platinum Zero® Secured Visa® Credit Card from Applied Bank® is for you. Apply Now!
