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					Title:
The Truth About Secured Credit Cards


Word Count:
336


Summary:
Secured credit cards are available for those with bad credit or no credit. If you have ever gone through a
bankruptcy or any other credit problems, then a secured credit card is probably the first choice.



Keywords:
secured credit cards



Article Body:
Credit cards are everywhere and are needed for so many different things, especially with our increasing
technology; such as the internet. With the internet available, without a credit card you could not making
reservations, shop online or even pay certain bills online. But, what about those without perfect credit or no
credit all? What kind of credit card can you get? The answer to this is a secured credit card.


Secured credit cards are cards where you have to pay an annual fee, but also put up cash, which ultimately
becomes the limit on the credit card. If your payments remain in good standing you may be eligible for
certain rewards and an increase in your credit limit without putting any more money up for collateral.


A bad thing about secured credit cards is the fees that come with it. Everybody knows that 95% of all credit
cards come with an annual fee, don’t get me wrong some do not come with annual fees, but most do. A
negative about the fees for a secured credit card is that a majority of them are much larger than an unsecured
credit card.


Another bad thing about secured credit cards is that the APR (Annual Percentage Rate) is usually more as
well. Both of these things mean more in fees, but either way, it makes up for it if you do not have that great
of credit or no credit at all. Just knowing that you can build up your credit and eventually get an unsecured
credit card can help.


Secured credit cards are available for those with bad credit or no credit. If you have ever gone through a
bankruptcy or any other life changing event, then a secure credit card is the credit card that you need to
begin looking at in order to start to rebuild your credit or even give yourself a head start on getting credit.
Secured credit cards are much easier to get and can help you out in the long wrong.
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posted:1/4/2012
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