Secured
Credit Cards for
Students, Bad Credit, or No Credit Profiles
Show
you are creditworthy with a secured credit card.
If
you are a student, have bad credit, or have no credit
at all, and can handle the responsibility of a new credit
card, a secured credit card may be the right choice
for you. You can begin to prove your creditworthiness
in just a few months with a credit card specifically
created for students or those with bad credit or no
credit at all. Once you are approved for your new credit
card, all you have to do is you maintain a balance less
than your credit limit and make your payments on time
each month. This will begin to help you prove
to creditors that you are creditworthy.
After
comparing credit cards from the top credit card issuers,
we have compiled our top choices of secured credit card
issuers that specialize in guaranteed approval.
You
can begin to turn your bad credit into better credit
with a secured credit card with guaranteed approval.
Follow these three simple rules:
1.
Maintain a balance less than your credit limit.
In other words, don't "max out" your credit
card. If your credit limit is $500, try to keep your
balance at $250 or less.
2.
Pay your credit card bill on time every month.
If you are more than 30 days late with your minimum
payment, that late payment will be reported to the credit
bureaus and will negatively affect your credit score.
You may also have to pay a higher interest rate as a
result of your 30+ day late payment.
3.
Pay all balances down to zero every few months several
times a year. When you make purchases, take
a few months to pay them off. Then once your balance
is paid off, make more purchases and take a few months
to pay them off... and keep this cycle going.
This process shows the credit card companies that you
are creditworthy. You may be rewarded with lower interest
rates, higher credit limits, and a higher credit score.
Compare
the secured credit card offers and choose the secured
card that is right for you. Guaranteed approval. You
will receive your new secured credit card giving you
the power to start a great credit history or re-establish
your bad credit. Your good payment history will be reported
to all three credit bureaus which will help you build
your creditworthiness. With many secured credit card
options to choose from, one of them is perfect for you.
Need
more options? Click below:
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