askaridesign Posted April 28, 2005 Report Share Posted April 28, 2005 I am looking to get a secured credit card to help my credit score. All the cards i've been researching have had ridiculous annual fees and processing fees. Doese anyone have any suggestions on secured cards that are pretty resonable and reputable?Thanks! Link to comment Share on other sites More sharing options...
Tourniquet416 Posted April 28, 2005 Report Share Posted April 28, 2005 I am looking to get a secured credit card to help my credit score. All the cards i've been researching have had ridiculous annual fees and processing fees. Doese anyone have any suggestions on secured cards that are pretty resonable and reputable?Thanks! try Orchard Link to comment Share on other sites More sharing options...
morechances Posted April 28, 2005 Report Share Posted April 28, 2005 You can try National City bank or Amalgamated Bank of Chicago. The interest ranges around 14-15%. Amalgamated would show as a secured credit card on your credit report, National City doesn't. The only thing about Amalgamated is that you can't access your account online but they give you interest on your security deposit. I like National City because you can access your account online and you can also make you payment there. It's easier for me since I can alway check my current balance and pay it whenever I want to. Another thing with National is that they charge $3.00 a month which pays your annual fee, instead of charging you one lump sum. You can also check bankrate.com and it would give you a lot of other banks that offers secured credit cards.I hope that helps. Link to comment Share on other sites More sharing options...
Tourniquet416 Posted April 28, 2005 Report Share Posted April 28, 2005 how do you apply for National City's secured credit card?what is the limit and does it eventually turn to an unsecured? Link to comment Share on other sites More sharing options...
morechances Posted April 28, 2005 Report Share Posted April 28, 2005 I think they have a department for credit rebuilding. My DH and I got our application through the seminar we attended that was distributing their secured credit card application. I am sure if you call their customer service number and asked for a secured credit card application, they would be able to direct you to the right individual or department. It took about 3 weeks before we received our cards. But I think if you send in money order for your deposit, it would probably take about 2 weeks to get your card. And yes, within a year of good payments, it becomes unsecured. I just don't know how much. We sent in $1,000 for each of us (individual accounts), I am hoping the limit would be the same or more when the time comes that it becomes unsecured. here is the link for national cityhttp://www.nationalcity.com/personal/ Link to comment Share on other sites More sharing options...
Recommended Posts