I have horrible credit 427 trans union ....lol unfortunatly.......i have 0 credit cards i get denied when i try i have 0 checking accounts 0 savings accounts....is it possible to get a credit card even a secure credit card without either checking or savings??? If so can you give me a few names of companies i could try......even though my credit is beyond horrible Thnx
American Pacific Bank 250$ minimum balance in their savings account gets you a secured card with a very low annual fee ($29 or 35). I hear that they report to all 3 CRA's as unsecured APR = 16 or 17% Bank of America I believe has $300 minimum balance in their savings account for a card, more or less the same low annual fee, same APR, but reports as secured After a year of good payment history you can receive an unsecured card from them A good way to rebuild your credit if you pay off your balance monthly and on time
but i can't open a savings or checking account because i'm on chex systems....i'm suppose to attend a seminar on 8-02 then i'll be able to open a savings would that affect my chances??
The "savings" account is set up for securing your collateral for a secured card. It is not for transactions. They should not require a Chexsystem inquiry for setting up a secured colateral savings account to secure a credit card. It just doesn't make sense to me at all. You can check out secured cards with Wells Fargo as well as the others mentioned. http://www.wellsfargo.com/credit_cards/select_card/secured/
