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Bad credit? No credit? Your choices are limited,
but you can apply for a secured credit card. It's very easy
to be approved, all you need for approval is, to be the legal
age in the state of your residence, a telephone in your home,
reside in the United States and have a valid social security
number. You can apply for a secured credit card online. Once
you are approved you can set your own credit limit, the minimum
is $200 and the maximum is $15,000.
In order to apply for a secured credit card
you need a savings account, that must be established as collateral.
It's an excellent way to establish a positive credit history
and are designed especially for people with no credit history,
or who have bad credit. These online card offers usually don't
have as many rewards as other cards like the gas rebate or
frequent flyer air mile card however it will give you the
benefit of building up your credit rating.
If you would like to apply for a secured credit
card online then compare some of the best options such as
Orchard Bank, Eufora and Wired Plastic, all from Mastercard.
Review and compare offers like annual fee, transfer balances
and rewards programs (if there is one). You can use secured
cards for business and personal use.
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