The Best Secured Credit Cards Rebuild Your Credit - The Worst Make More Problems - We Show You the Difference

Credit repair credit cards improve credit utilization and credit mix

30% of your credit score is something called "credit utilization" - the amount of available credit you have against the credit limits on all your open accounts. About 10% of your credit score is your credit mix - the combination of revolving credit (credit cards) and installment credit (mortgage, car loan) accounts on your credit report. Lenders like to see that you handle all kinds of credit.

Without deleting one negative item on your credit report your can improve your credit score by adding a credit card revolving account. The higher the credit limit on the card the better. If your starting FICO score were 670 then adding a $5,000 credit limit card to your credit history profile could immediately add from 15-55 points to your FICO score.* This could be enough of a boost to your credit score to qualify you for a loan and get you a lower rate to boot. Use this FICO score estimator to help make a decision.

If your credit score is below 670 you will have trouble qualifying for a "good credit" credit card. The hard inquiry you would get on your credit report by applying for one could knock another 5 or 10 points off your credit score. That puts your credit score in the wrong direction.

When credit repair experts help their friends raise their credit score this is what they do - open a secured credit card account.

Credit.com helps you compare all credit cards, including the best credit cards with Bad, Poor or No Credit History. Don't let a bad credit history or no credit history keep you from having a credit card. The secured visa credit cards featured below are among the best secured credit cards available.

What is a Fully Secured Credit Card?

Secured Cards are an excellent way to establish a positive credit history and are designed especially for people with no credit history, or who have experienced past credit problems. Secured credit cards look and work like any other credit card. The only difference is that a savings account is established to open the secured credit card account. The savings account serves as collateral for the credit card. Nobody but you and the bank know the card is secured.

With the best credit repair credit cards your credit card activity is reported to the three major credit bureaus, the same as all other credit cards are. Compare the secured visa credit cards featured here with with unsecured bad credit credit cards offers. Unsecured bad credit credit cards are a really bad idea, and should be avoided.

How Do I Get A Fully Secured Visa Credit Card?

It's easy, and takes just a few minutes. Complete the online application and submit with the processing fee. We'll review the information you provide and send your approval confirmation and savings account form which then are completed and returned to the bank with your initial saving deposit. Your credit card is then sent to you immediately..

How Can I Qualify For a Secured Visa Credit Card?

Even if you have no credit, or your credit history is less than perfect, you can be approved for a secured credit card when you meet our easy, general guidelines: (a) you must be of legal age in the state of your residence, and (b) you must reside in the United States and have a valid social security number.

What Will the Credit Limit Be On My Secured Visa Credit Card?

With a secured credit card, you set your own credit limit? You are guaranteed a credit limit! You are guaranteed a credit limit equal to your deposit (less $50 in some cases). The minimum deposit required is $200-$300, with a maximum deposit of $5,000. In the event of non-payment, your Visa charges will be deducted from your collateral deposit and any remaining balance will be returned to you as soon as all charges have been cleared.

Can I Add To My Savings Account To Increase My Credit Limit?

At any time after your account is opened, you may send in deposits to add to your collateral savings account. When your credit card account is current and not over-limit, each addition to your savings account will increase your credit limit dollar for dollar up to $5,000.00.

Can I Withdraw Money From My Secured Visa Credit Card Savings Account?

The savings account acts as collateral for your secured card, so you may not withdraw money from the account while your credit card is secured. If the credit card balance is paid in full your security deposit balance will be returned to you.

*You can find out exactly how much adding any credit card to your credit profile will actually affect your credit score with this essential credit scoring software.