Introduction
If you are a person who falls behind on your de credit card payments on a regular basis, your credit score will suffer. This will make it harder for you to get a loan and your job prospects might also suffer. This is because some employers are known to do background checks on their potential employees and this can include checking their credit history. A secured de credit card can help you to rebuild your credit and also to manage your purchases. A secured credit card can be available form a major financial institution, but they are usually accompanied by high interest rates.
History
The first financial institution that you can approach for a de credit card is Orchard Bank. This is a financial institution that is part of the HSBC Financial Corporation. This institution offers a secured MasterCard that has a 7.9 percent annual percentage rate that is variable. There is a deposit requirement of $200 for you to get your hands on this secured credit card from Orchard Bank. The annual fees are $35 but the good news is that the fee is waived during the first year.
The second de credit card that you can apply for is a MasterCard from First Premier Bank. The processing fee for you to get this secured credit card is $95, and the annual percentage rate (APR) is 23.9 per cent. The annual fees for this card are $74 and you are required to make an initial deposit of $300. You can visit the bank’s official website to get more details.
The third de credit card that you can apply for is a Visa credit card from Credit One. This credit card has an APR of 23.9 per cent and the annual fee that is charged for card holders is $75. You are required to make a deposit of $300 so that you can be successful in applying for this card. A Visa credit card is great because it is accepted in many establishments and it can also be used for international trade.
Also
The fourth de credit card that you can apply for is a MasterCard from Merrick Bank. The APR that is charged on this card is 17.45 per cent, and the annual fees that card holders pay is $36. To get this card, you are expected to make a deposit of $300. You can call the customer service desk at Merrick Bank so that you can get more information on how you can apply for this credit card.
Finally
The fifth de credit card that you can apply for is a Visa Card from Public Savings bank. The great news about applying for this card is that for the first six months after you have received your credit card, there is not APR that you are going to be charged. After the first six months have elapsed, the APR is an affordable 11.24 per cent. The fee that is charged when you are applying for the card is $79 and a minimum deposit of $200 is required. No annual fees are charged by Public Savings Bank.
