When you have a bad credit and you want to improve it, getting a secured credit card might be one of the best options. Secured credit cards can be obtained without various complicated requirements and you can make your credit card issuer trust you by using the card in a positive manner. What are the best secured credit cards to build credit? This article will break down some for you.
Best Secured Credit Cards to Build Credit
The first secured credit card you can choose is primor Secured Visa Gold Card. This card offers credit lines ranging from 200 to 5,000 Dollars, which is really flexible compared to the others. You can also choose this card if you credit card score is really bad because it does not need a minimum credit score. It reports your usage to three credit bureaus, so your score will increase faster if you use it responsibly. This is by no doubt one of the best secured credit cards to build credit.
Next one is OpenSky Secured Credit Visa Card. When you apply for this secured credit card, you will not have to undergo any checks because like its name suggests, it believes that everyone should have the opportunity to get a credit card and build good credit. The deposit you make is refundable. Experiences show that most customers succeed building their credit within six months.
First Progress Platinum Select MasterCard can be your choice if you often use credit cards for renting a car, renting a hotel room, or similar purposes. It also requires no credit history for approval. No matter when you choose to stop using it, you can pay off your loans and receive your deposit.
Tips to Build Credit with Secured Credit Card
The first step in building your credit with a secured credit card is showing your provider that you are responsible for every purchase you make and you can pay for your debts. Limit yourself to a few purchases and remember not to go overboard every time you shop.
The next thing to do is considering how much to pay for your loans. If you are only paying the minimum required payment, you are not going to get a better credit card score in any way. So even if you are struggling to, try to pay more than the minimum required amount to regain trust from your credit card issuer. This is one of the most important steps on how to use secured credit cards to build credit.
You might also want to try setting your bank account to make automatic payments to avoid making late payments. If you know you are a forgetful person, avoid that mistake by doing this. It will enable you to live stress-free and build your credit to a better one at the same time.
Those are the best secured credit cards to build credit and some useful tips to utilize your secured credit card. When you already succeed getting a good credit, always remember to use your credit card responsibly.