CLICK on this one to check out information about getting 5% on your savings, with just a $2500 minimum, and check out their mastercard rates! I just read this: www.Cardtrak.com AMALGAMATED BANK PAYS 5% on savings! FYI the site is www.aboc.com I carried their secured Mastercard and then secured Gold Mastercard about 1 yr after my 1996 Chap 13. I first got the $500 secured mastercard, great service, fine looking card to present. Then, I upped my deposit to $5K, and they immediately sent a Gold Mastercard - the only secured product on the market then for Gold. At the time I paid very reasonable rates, and got about 3% on my savings. I closed out after 2 years - Amalgamated still shows R1 $5000 / Acct Closed by consumer request. They report unsecured but will not unsecure a Gold Card until there is NO BK on record. Looking for a good, easy to get card? Read this one. c ya dogman
Dog-Great post. For me they are local just a train trip to the loop away. I was surfing the web when I was looking for banks that do savings secured loans and sort of remember glancing at their credit card products. I thought I remember their rates being good so when I saw your post I decided to surf over. I have a credit union secured Visa that is at 15% right now, but will be unsecured after a year with good history and the rate will go down to 13%. All in all not bad 1 year post BK. Did Amalgamated give you a hard time getting the secured card with your BK or is it guaranteed as long as you secure it with a deposit? The reason I ask is that I have heard others on the board being denied for secured cards like Chase or Associates (can't remember which of those it was) because they had a BK.