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Secured Credit Cards

Hi everyone

I have read that there is are 'Secured' credit cards that works on a deposit basis and are available to individuals with poor credit.

Is there a lower limit of Credit?
Are these accepted without a Credit check?
Do they improve your Credit?

What are the 3 best Secured Credit Cards on the market?

Comments

  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Where have you read this information?
    If it's from the internet then I have a feeling you might have read something that applies to the US.
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    The UK market used to offer these but not for ages, they simply don't exist here.

    Your alternative is a pre-paid card like Cashplus with the "credit builder" facility.
    "We want the finest wines available to humanity, we want them here, and we want them now!"
  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    mack83 wrote: »
    Hi everyone

    I have read that there is are 'Secured' credit cards that works on a deposit basis and are available to individuals with poor credit.

    Is there a lower limit of Credit?
    Are these accepted without a Credit check?
    Do they improve your Credit?

    What are the 3 best Secured Credit Cards on the market?

    I suggest you forget about all these type of cards and concentrate on building a decent enough credit profile for yourself..
  • mack83
    mack83 Posts: 27 Forumite
    Part of the Furniture Combo Breaker
    Thank you for your responses.
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