A secured credit union lets you borrow funds against a deposit. The minimum deposit and the maximum amount are dependent on the lender. Many lenders place a stop on the funds. However, the money may still be included in your total balance. A typical secured credit union has a credit limit of $3,500 and a minimum deposit of $300.
Capital One Platinum Secured Kreditkarte
Capital One Platinum Secured Credit Card lets you deposit as much as $200 in security deposits. This credit line is subject to being paid on a monthly basis. Within six months of applying for the card, applicants may be granted a higher credit limit.
Platinum Secured is free of foreign transaction fees and has an annual fee. This card is great for travelers because it allows you to use your card wherever you are in the world, without any foreign transaction fees. You have the option to set the payment due date and can pay by check or online.
Citi Secured Mastercard
A Citi Secured Mastercard is not subject to credit checks, unlike unsecured credit cards. The Mastercard logo will be accepted and the credit card can then be used wherever you are. This allows you to make purchases in more than 212 countries. It is widely accepted than Visa, American Express and Discover. You get many benefits from the card, such as free credit monitoring and 24-hour emergency help.
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. If you wish to transfer a $1,000 balance, this fee can be as high as $50. The minimum balance transfer fee for transfers is $5. After 18 months of responsible usage, your deposit will be refunded.
DCU Visa(r.) Platinum Secured Credit Card
The DCU Visa(r) Platinum Secured credit card offers a low introductory APR and is designed for consumers who are trying to improve their credit scores. 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 amount is significantly higher than secured cards that start from around $200. However, the DCU Visa(r), Platinum Secured Credit Card offers low interest rate and no fees.
Rewards from Platinum Advantage
Secured credit Cards can offer many benefits. For example, you can exchange rewards for merchandise or travel vouchers. The Platinum Rewards Secured MasterCard allows you to get credit limits up to $25,000 and has no annual fees. Every time you use your card, you earn rewards. Points can be redeemed for merchandise, gift cards or charitable donations.
You can earn one point for every dollar you spend. Some credit cards even offer bonuses through local partners like Cici’s Italian restaurant. Advantage Rewards allows you to purchase merchandise and gift cards. There is no annual fee for this card, as well as no fees for balance transfer, foreign transactions or over-limit fees.
Platinum Cash rewards
If you're interested in earning rewards from spending on your secured credit card, American Heritage Credit Union may be right for you. The credit union offers many rewards programs, including the Platinum Secured Mastercard. This card does not have an annual fee. You can also earn points every time that you use it. These points can be used to purchase merchandise or donate to charity.
Share Savings supports the Platinum Rewards Secured Mastercard. It rewards you with reward points for every dollar that you spend. You can redeem these points for merchandise, gift certificates, and travel vouchers. This credit union card is secure and offers no annual fee.