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Added June 25, 2010 from: Mike Killian
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Answered By Mike Killian: Getting a secured credit card is not difficult
assuming you have a few dollars to put into a savings account. While not all
banks have a secured card program, most larger banks in any community do, and
you simply have to ask.
[Let CardRatings.com help you find the right cash back credit card for you.]
Each bank will have its own criteria and expectations, but generally speaking, a secured card requires a savings of $300 and up. Your savings may or may not draw interest depending on banking policy. You should also check how often the bank reports to the credit bureau, as this is the most common purpose for getting a secured card--rebuilding credit. The most important thing to remember is to never be late with a payment; it completely defeats that purpose.
To compare secured credit card offers online, check out our bad credit credit cards section.
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Secured Credit Cards
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