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Get a guaranteed secured credit card with no security deposit and 24/7 ATM Access.
What is a secured credit card?
Secured credit card benefits:
A secured credit card can certainly help control spending because only the balance can be spent. It's a helpful tool for teaching financial responsibility to teenagers.
A secured credit card is also useful to business owners to track financial expenditures. And, business owners can give limited access to company employees for purchasing office supplies or making business travel arrangements.
A secured credit card offers more security against the loss of money because the maximum that can be fraudulently charged is the prepaid balance.
One of the greatest benefits is that a secured credit card often has guaranteed approval, meaning even people with very bad credit can get accepted.
Apply for your secured credit card today.
If you have bad credit and have been turned down for an unsecured credit card, Credit Federal recommends the cards above.
A secured card can certainly help control spending and track financial expenditures. By only charging for products or services using money you pre-pay, you don't have to worry about mounting interest charges and late fees. A secured card is also useful for teaching financial responsibility to people who are initially engaging in consumer credit, such as teenagers. Additionally, a secured card offers a little more security because the maximum that can be fraudulently charged is the amount you pre-pay.
If you have no credit history, a secured card can help you establish credit. Be sure to apply for a card that reports your activity to at least one of the major credit bureaus, preferably all three.
If you are a business owner, a secured card is a great way to give your employees limited access to your company funds for buying office supplies, booking business travel arrangements, etc.
A secured card also makes a great gift. Instead of purchasing presents for holidays or birthdays, give a secured card instead, pre-paid with the amount of money you would have spent if you had bought a gift. This way, the recipient can purchase exactly what he or she truly desires.
Another benefit of a secured card is the fact that it's easier for many people, even those with bad credit, to get approved. Apply for your secured card today.
VIP Visa: No Credit Check, No Turn Downs, No Annual Fees, No Security Deposit, No Employment Required, Online and Offline Access, Low cost fees, Store your Money Safely, 24/7 ATM Access to Funds, No Credit Check or Bank Account Required.
Upgrade A Secured Card To An Unsecured Credit Card - It's possible to have a secured card transferred to an unsecured credit card account, even without having to switch issuers. Some card issuers offer in-house upgrades upon proving your good use. Here are example issuers who offer upgrades:
Wells Fargo Secured Card - Establish healthy credit with a Wells Fargo Secured Card. With responsible use over time, you may have the opportunity to be upgraded to an unsecured credit card.
Use wherever Visa® credit cards are accepted.
Harley-Davidson® Visa® Secured Card - When you've managed all of your credit obligations responsibly consistently for 12 months, you'll be well on your way to a strong credit standing, and we may be able to move you to an unsecured credit card product.
Capital One Secured Card - The Capital One Secured MasterCard gives you the opportunity to build your credit through responsible use. Capital One regularly reports your payment history to the three major credit bureaus. A history of good credit standing can help build your credit. Keep in mind that while using credit wisely can help build your credit, making late payments, exceeding your credit limit, or your performance on other accounts can have a negative impact on your credit rating.
Going from a Secured Card to an Unsecured Card - Your objective is to prove to the card issuers that you are trustworthy of having a large credit line. You can prove responsible behavior by making charges each month on your card and pay it off by the due date. Sure, an issuer would rather you make only a minimum payment, but your aim is to show you can easily pay off charges in full each month.
MasterCard will be expanding its offers program on MasterCard MarketPlace™, which is the company’s online shopping portal to have deals through December. This may give people some good savings for their shopping needs. Cardholders should check for savings with merchants like Barnes & Noble and Toys“R”Us that could be available exclusively for MasterCard cardholders, by means of using the MarketPlace to find some discounts. Consumers that use it may be able to get shopping deals with merchants nationwide involving travel, computers, electronics, and more, not to mention the convenience of shopping at your available time online. No need to have to drive to a store to get a good deal, do it at home or anywhere online.
There is also a SmartyPig Cash Rewards Prepaid MasterCard Card, that offers customers some cash back at specific retailers. Cardholders may not have a monthly maintenance, and they can have an opportunity to earn some cash back with some U.S. retailers. SmartyPig online savings account holders have an option to load funds through their online account onto a prepaid MasterCard that can be used anywhere the debit MasterCard is accepted. Cardholders could earn automatic cash back by making purchases at select retailers and the cash-back can be transferred to a SmartyPig savings account or be left on the SmartyPig cash rewards prepaid MasterCard to use toward future purchases.
This is just one more way a card can help people with the finances and give some good benefits for spending money. Consumers like flexibility when it comes to using cards and making purchases. MasterCard offers prepaid cards that may be helpful to people who are trying to manage their finances. They have innovative products like the MasterCard PayPass™ and MasterCard inControl™. Their services have been helpful to consumers, governments, and businesses. For more information visit their website for all these details and more.
Credit card offers as well as incentives may continue to rise. Don't be surprised if even your child gets a card offer. Offers have been increasing in mailboxes across America. This may not matter much for people who already have several cards and are not interested in new offers. More offers may be a sure sign the economy is mending. It has been estimated that Americans have probably received over two billion solicitations which was more than in 2009. It looks like credit card companies are returning to their old marketing habits.
The beginning of 2010 did not hold a positive outlook due to high rates and less perks, now offers may be packed with much better incentives and rewards that could lure new customers. Cashback cards should be popular and many consumers will probably compare deals and use the ones with the best incentives. An example of a cashback offer is when a cardholder charges a specific amount, they may be able to get as much as one hundred dollars back. Check out cards like the Chase Freedom Visa and compare their offer to other issuers.
A Discover card may offer a five percent cash-back bonus when purchases are made in certain categories, and there can be additional cash back when purchases are made online up to certain dollar amounts. There are many ways that cardholders may be able to get extra cashback rewards. For people who have excellent credit, travel cards may offer the best rewards, especially for new sign ups.
If a consumer can earn a lot of bonus miles, they may even be able to get a round-trip ticket in the U.S.. The important thing is to review the details to determine if there will be an annual fee, if a card is not used frequently.
The credit card competition should continue with companies possibly offering lower rates for a longer period, this may continue as the economy continues to get better. Zero percent balance transfers and low rates will always be available for the people with great scores. Compare introductory rates on cards, as some will be better than others due to the availability of different card offers. Offers are around for zero annual percentage rates, for as long as 24 months, for balance transfers. Some may have a low annual percentage rate for a couple of years.
Credit card companies have learned the new rules and they are knowledgeable enough now to present their cards staying within those regulations. Balance transfer offers will be big among issuers and they will strive to offer the best deals with consumers looking for good offers. For example, Discover has a card offer with a zero APR for 12 months, with a balance transfer. Be sure to review details of any transfer fees with each card offer.
Personal Credit - Closing accounts, like credit card accounts, could have an effect on personal credit scores. It depends on the documentation concerning the closing. If companies close the account and give negative comments, this could lower scores. When choosing to close accounts yourself, ask that it be documented that the closing was at your request. Note all accounts that were closed, which have incorrect details. Any false information should be corrected.
As a routine task, when reviewing reports, notice any records of late payments. Negative comments usually have a negative affect on scores. It is easy for mistakes to happen, yet it can take time to get them removed. For example, if the credit agency incorrectly reported a payment as late, but in truth it was made on time, gather the proof to dispute it. Remember, late payments can lower scores fast. Proof could be as simple as using a canceled check. Proof must be sent in, along with a letter stating what the mistake is on the report.
Inquiries from people who view your report will cover a couple of years, and will vary among agencies. That is why it is important to look carefully at each report. When reading reports, consider circling errors with a red pen to identify them. Write a letter to the bureau that shows a mistake. It is a good idea to send a copy of the report, with circled mistakes, along with an explanation about the problem. It can help if the creditor is contacted too, so they could try to get the details corrected.
Investigations requires agencies to respond in thirty days. If they do not, try contacting them by letter or contact the Federal Trade Commission. Trying to fix personal credit can be time consuming. The most important thing to do is monitor reports often and correct mistakes. Having good personal credit is important, especially when a home loan is desired.
Mobile Banking: Banking over a cell phone isn't fantasy, it's a reality that many banks are offering their customers to check their balance, find the nearest ATM and even pay a bill. It means increased convenience and flexibility, especially for people who do a lot of traveling. For example, many banks can send alerts to customers' smartphones advising them if they are about to overdraw their account or if the bank has detected suspicious activity. The Web-based version of mobile banking, in which customers access the bank's Web site using the browser on their smartphone, is the most prevalent option. However, application-based services, in which customers download specific software that runs on their phone, are quickly becoming popular because they are more user friendly. Make sure that your phone or the mobile-banking application you'd be using is password protected. That way, if you lose your phone, someone else can't access your bank account without having your password. Also confirm with your bank that account numbers, passwords and other sensitive details are not stored on the phone, where they could be retrieved by a thief. Another thing to remember is that both Web- and application-based mobile banking systems are more secure than those that use text messaging. You may also want to consider purchasing anti-virus software to run on your phone, since it's only a matter of time before the viruses that attempt to infect your home computer migrate to smartphones
What is Credit Insurance and should I get it? Payment protection," also known as credit protection, is designed to pay, suspend or cancel a consumer's outstanding debt on an account in the event of a specific hardship, such as unemployment, disability, hospitalization or death. These products may provide security and peace of mind, but understand the costs (which could be hundreds of dollars each year) and the limitations. You should also consider other alternatives, such as traditional life or disability insurance. Chances are your credit card issuer or lender has offered to sell you a product that would postpone or make your loan payments if you die or become ill or unemployed. These products may provide security and peace of mind, but how can you tell if the offer is a good deal and one that's right for you? First, understand that these programs can vary greatly. In general, the main types are: * "Debt cancellation" programs, which will eliminate all or part of an outstanding balance if the borrower dies, or reduces or eliminates the monthly payments due if the borrower becomes disabled or experiences a major life event (such as a job loss or the birth of a child) by making the payment on the borrower's behalf. * "Debt suspension" programs, which will temporarily postpone all or part of the monthly payment while the borrower is facing a specified hardship. However, the borrower will still be expected to make the suspended payments in the future, although a late charge will not be assessed for the suspended payment(s). Some programs may even allow a borrower to postpone a payment once a year, such as during the holiday season. * "Credit insurance," which will pay the outstanding loan balance to the creditor if the borrower dies or will make monthly payments if the borrower becomes ill, injured or unemployed. Debt cancellation and suspension programs are in many ways the same as credit insurance, but they are offered directly by an individual bank or credit card issuer, not through an insurance company.
Joint Credit and Divorce: Consult legal counsel because uninformed decisions could cost you. Also consider discussing tax issues with an accountant or other advisor because certain decisions, such as who will claim children on his or her tax return, can affect each parent's tax liability. For more information, see IRS publication 504, "Tax Information for Divorced or Separated Individuals," online at irs.gov. You also may be able to reduce some legal fees by working with a mediator to resolve issues such as child custody. Cancel joint credit cards to prevent the other spouse from running up large bills. Start or build your own credit history independent of the marriage, such as by opening a new credit card in your name only. Decide who is responsible for debts incurred during the marriage. If you change your last name, notify the major credit bureaus (www.equifax.com, www.experian.com and www.transunion.com). It's also important that you update your will and the list of beneficiaries you designate on life insurance policies, retirement savings accounts and U.S. Savings Bonds, so your money and other assets will go to the right people upon your death.
Teach Teen Children About Credit: Help your child start a savings or investment account. Young kids will enjoy saving money in piggy banks, but at around age eight, think about helping them open a small savings account. That way they also begin learning what banking is all about. Many parents reward their children for sticking to a savings plan by matching or adding to what the child contributes. As children get older, discuss the pros and cons of owning investments, such as stocks, bonds and mutual funds. Investments can produce higher returns than bank deposits over the long term, but remember that investments can lose money and they are not insured by the FDIC. Give an allowance. If used as a teaching tool and not a giveaway, an allowance can be one of the best ways to teach kids, even as young as five or six, about money management. It also allows children to experiment with money management and learn from their mistakes without losing too much in the process. Encourage them to decide in advance how much should go into savings (which reinforces the concept of "pay yourself first"), how much should go into the spending pile (for their use as "pocket money") and how much should be set aside to share with others - for charity or birthday or holiday gifts. Giving an allowance in small bills or coins also allows them to easily set aside the portions for the different purposes. Consider gifts that encourage saving. Examples include U.S. Savings Bonds and books that reinforce financial responsibility. Encourage older children to get work experience. Summer or part-time jobs can teach young people good business skills and how to be responsible. They also may enjoy earning and saving money.
There is one short term loan that is not very difficult to get, even people who have damaged credit may get approved for this loan. Wishing for money has never been easier since fast cash lenders have been available online. There are many national lenders who are able to take applications online, and get money to those who get approved. When a payday is not around the corner, this loan is one resource to apply for taking just minutes.
These personal loans are not like applying with a bank, which usually requires a credit check, time to apply, and time wasted from a day's pay. This small loan may provide the cash that is needed without the wait time of a bank loan. Unless thousands of dollars are needed, this may be one solution to financial problems. When years to pay back large sums of money is not needed, getting money just for a few weeks may be the answer. There are lots of reasons to need a short term personal loan. Some examples of why some people get the loan could be as simple as needing to pay for food or the rent. It does not make any difference about the reasons.
Paying bills late can rack up more money than what could be charged on each hundred dollars borrowed. Paying the loan on time and not extending it should eliminate any extra fees. These loans have been taken out for getting married, putting a down payment on an auto, or just getting away on a short vacation. They can provide the extra money for those unexpected wants or needs. Loans can be from a few hundred dollars up to fifteen hundred, and it is best to only borrow what can be repaid easily.
This could be the only solution for even being able to get approved for a loan, for thousands of people. It has helped when there were money problems and they want to keep the lights turned on to avoid a reconnect fee. As with any loan, weigh the advantages and disadvantages of all options that are available. The interest could be higher for those who have really awful credit, but that is usually the case, no matter where a loan originates. For people who otherwise are ineligible for typical bank loans, this may work. Troubled times may mean different choices.