SECURED CREDIT CARDS FOR PEOPLE WITH SLOW CREDIT
If you have a bad credit, or you have filed for bankruptcy, or you are a student, or an emigrant, trying to establish new credit history, you have found the answer. Secured and unsecured cards can be used to pay for goods and services. However, a secured card requires you to open and maintain a savings account as security for your line of credit; and unsecured card does not. Secured credit cards can also help you build or re-establish a credit record. The required savings deposit for a secured card may range from a few hundred to several thousand dollars. Your credit line is a percentage of your deposit, typically 50 to 100 percent.
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