Where can I find secured credit cards? Do all banks offer one?
No, not every bank offers secured cards. But many do, and your chances to obtain one are good. Just check out some of the advertisers on this site, or talk to your local credit union if you are a member. A substantial number of credit unions in the country offer secured cards to their members at reduced rates and fees. What will a secured credit card cost me? This is the fly in the ointment, and it pays to pay attention. Many issuers charge an application fee, some don’t. Look for those ones! Annual fees are a sad fact of life with secured cards and they vary dramatically. Look around, you’ll find low fees out there. Again, check out some of the advertisers on this site. Be careful that you don’t have to pay fee upon fee upon fee before you even start using your card. Read the fine print! Same with interest rates; you know they are going to be high. Live with the rate, make your payments as you promised and you’ll eventually build your credit to where you’ll get unsecured offers. Do wa
