Difference between revisions of "Use a Secured Credit Card to Build Credit"
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A secured credit card is a credit card with a limit that is based on the amount of money you put down as a security deposit for the card.<ref name="rf1">http://www.bankrate.com/finance/credit-cards/10-questions-before-getting-a-secured-credit-card-1.aspx</ref> People with poor credit or no credit history often can't obtain unsecured credit cards because banks view them as too risky. If you have poor credit or no credit history, obtaining and responsibly using a secured credit card can help you build or rebuild credit. | A secured credit card is a credit card with a limit that is based on the amount of money you put down as a security deposit for the card.<ref name="rf1">http://www.bankrate.com/finance/credit-cards/10-questions-before-getting-a-secured-credit-card-1.aspx</ref> People with poor credit or no credit history often can't obtain unsecured credit cards because banks view them as too risky. If you have poor credit or no credit history, obtaining and responsibly using a secured credit card can help you build or rebuild credit. | ||
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== Steps == | == Steps == | ||
