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The Discover it® Secured Credit Card is a secured card that you can open even with poor/limited credit with a deposit as low as $200.
After 9 months, we review your account for a credit line increase. No additional deposit required! Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds. Unlike a debit card or a pre-paid card, it helps build your credit history.
Credit cards and lines of credit are examples of open-end credit and are also referred to as revolving credit. Open-end credit is different from closed-end credit, in which the borrower receives money in a lump sum and must pay it back by a fixed end date.
Yes, you can get a credit card with a 500 credit score, though your options will be limited to secured credit cards and unsecured credit cards for bad credit. The best credit card for a 500 credit score is the Capital One Quicksilver Secured Cash Rewards Credit Card.
How to get an unsecured line of credit online Understand Your Credit and Income Qualifications. ... Review Unsecured Line of Credit Providers. ... Submit Your Online Line of Credit Application. ... Know Your Line of Credit Terms. ... Use What You Need. ... Repay on Time.
But even if you have the money for a deposit, you can be denied a secured card if your credit profile is deemed too risky to a lender. Each lender, or card issuer, has a set of standards as to what an ideal borrower looks like. This includes your credit score, your income and your current and former debts.
Best Credit Cards for Bad Credit Discover it® Secured Credit Card: Featured Partner. U.S. Bank Cash+® Secured Visa® Card *: Best for Everyday Rewards With Bad Credit from U.S. Bank. Bank of America® Customized Cash Rewards Secured Credit Card *: Best for Everyday Rewards With Bad Credit from Bank of America.
No credit score required to apply. No Annual Fee, earn cash back, and build your credit history. Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.