A secured credit union lets you borrow funds against a deposit. The lender will determine the minimum and maximum deposit. A lot of lenders put a hold on your funds. The money could still be included in your total amount. A typical secured credit card union has a credit limit up to $3500 and a minimum deposit requirement of $300
Capital One Platinum Secured credit card
Capital One Platinum Secured Credit Card gives consumers the option to deposit up $200 as a security deposit. The credit limit can be increased if the cardholder pays their monthly bills on time. Within six months of obtaining the card, applicants will be eligible for a greater credit limit.
Platinum Secured credit card has no annual fee and no foreign transaction fee. The card is a good choice for travelers as you can use it anywhere in the world and not pay any foreign transaction fees. The payment due date can be set by you, and you have the option of paying with your check or online.
Citi Secured Mastercard
Citi Secured Mastercards do not require credit checks. The credit card can be used anywhere that the Mastercard logo is accepted. This means you can make purchases anywhere Mastercard logo is accepted. It is more accepted than American Express, Visa, Discover, and American Express. The card offers many benefits, including free credit report monitoring and 24-hour emergency assistance.
You will not be charged an annual fee for a Citi Secured Mastercard and you will only be charged balance transfer fees equal to 5% of any balance transferred. For a balance greater than $1,000, the fee could be up to $50. The fee to transfer a balance of $1,000 is $5. When you have completed 18 months of responsible and consistent use, your deposit will automatically be refunded.
DCU Visa(r) Platinum Secured Credit Card
The DCU Visa(r), Platinum Secured card is designed for people who want to improve credit scores and offers a low initial APR. You will also find a creditwise(r), simulator, and other perks that can help you build credit and increase your financial literacy.
To apply for the DCU Visa(r) Platinum Secured credit card, you must first join the credit union and make a minimum deposit of $500. This is more than most secured cards which start at $200. However, the DCU Visa (r) Platinum Secured credit cards offers low interest and no fees.
Reward Program Platinum Advantage
Secured credit card can provide a variety of benefits including rewards programs that you can redeem for merchandise or travel coupons. Platinum Rewards Secured Mastercard allows you to have credit limits of up to $25,000, and there is no annual fee. Your card can earn you rewards every time you use it. You can redeem points for gift cards, merchandise, and charity donations.
Earn one point for each dollar you spend. You can also get bonuses from local partners such as Cici's Italian restaurants. In addition, you can get gift cards and merchandise through the Advantage Rewards website. The card has no annual fees and does not charge fees for balance transfers, foreign payments, or overlimit fees.
Platinum Cash rewards
American Heritage Credit Union may be the right choice for you if your goal is to earn rewards by spending on your secured loan card. The credit union offers many reward programs for members, such as the Platinum Secured Mastercard. The card is free of any annual fee and you can earn points each time you use it. These points are redeemable for merchandise and charity.
Share Savings backs Platinum Rewards Secured Mastercard. You will earn reward points for every dollar you spend. These points can be used to redeem for merchandise, gift vouchers, or travel vouchers. This credit union card is secure and offers no annual fee.