Secured Cards not usually seen

Discussion in 'Credit Talk' started by William Wa, Jan 3, 2001.

  1. William Wa

    William Wa Guest

    I've found the following secured offers that look decent. (has two secured offers, one with no income/credit requirements)

    Anyone used any of these?

    In case you can't tell, I'm looking for another visa/mc trade reference, and am willing to pay for it, but want to avoid high fee programs like the Net 1st card, First Premier, and the like.

    These seem to have low annual fee and no other hidden fees, and reasonable security deposit rules.

    Any comments from people who have used these, or if you find something on those sites I missed that make them unattractive?

    Inquiries, and two 56 year old negative reports, prevent me from getting any more than the Providian and Capital One cards I have now. I got those cards last year, when I started actively working to rebuild. I also recently got approved for Exxon, Radio Shack, and Lowe's thanks to advice on this group. I really want one more "major" card reference though, even if I have to pay for it.

    William Walsh
  2. Cadillac408

    Cadillac408 Well-Known Member

    RE: Secured Cards not usually

    Good research work!

    Now the question is, do these cards that you've listed report to the bureaus? If so, do they report secured or not? If they do report secured, I don't think that hurts your score (according to someone from the board...I think it was Michael perhaps? I could be wrong). Someone correct me if I'm wrong.
  3. William Wa

    William Wa Guest

    RE: Secured Cards not usually

    The three I listed all specifically state that they do not report it as secured, so it appears as an unsecured credit line.
  4. Doris K.

    Doris K. Well-Known Member

    No Secrets

    I looked over these, and they all three appear to be decent, but I was most impressed by American Pacific Bank's website. Not only do they offer the two unsecured cards, they offer an unsecured Visa Classic and a Gold Mastercard. The best part is that they disclose on the site EXACTLY what criteria they use for approval on each card. I've never seen anything like this before.

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