![]() While secured cards are among the easiest to qualify for, some issuers won’t give cards to consumers with past bankruptcies, high levels of debt or low income. It’s still a good idea to know what your potential card will charge if you make a mistake. ![]() ![]() With the right card and careful use, you can avoid late payment fees, foreign transaction fees and penalty APRs. On top of higher interest rates, watch out for common credit card fees. While it’s a good idea to see what other cards are available to you, upgrading with the same issuer is an easy way to graduate to an unsecured credit card without going through a hard credit check. Some secured cards will let you upgrade to an unsecured version of the card once your credit has improved. Here’s what to consider when choosing a secured credit card: What’s the security deposit?īefore applying, check to make sure the card’s minimum and maximum security deposits fit your budget. However, not every secured card will be a good fit for you. Working on your credit will get you closer to qualifying for cards with better features and benefits. When used responsibly, secured credit cards can help you build or rebuild credit. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.ī is an independent, advertising-supported publisher and comparison service. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. ![]() Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.Įditorial policy, so you can trust that our content is honest and accurate. Our experts have been helping you master your money for over four decades. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. ![]() Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. Our editorial team does not receive direct compensation from our advertisers.īankrate’s editorial team writes on behalf of YOU – the reader. We maintain a firewall between our advertisers and our editorial team. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. ![]()
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