Secured Credit Cards

Secured and unsecured cards can be used to pay for goods and services. However, a secured card requires you to open and maintain a savings account as security for your line of credit; an unsecured credit card does not. The required savings deposit for a secured card may range from a few hundred to several thousand dollars. Your credit line is a percentage of your deposit, typically 50 to 100 percent. Usually, a bank will pay interest on your deposit. In addition, you also may have to pay application and processing fees, sometimes totaling hundreds of dollars. Before you apply, be sure to ask what the total fees are and whether they will be refunded if you are denied a card. Typically, a secured card requires an annual fee and has a higher interest rate than an unsecured card.

This is a great path for people who have never possessed credit or seek to repair a deficient credit history and may not be able to qualify for a regular credit card. Although a  prepaid credit card may be one of many ways to establish, or re-establish your credit. You may be able to add to the secured deposit to add additional credit, or sometimes a bank will reward you for good payment history and add to your credit line without requesting further deposits.

New Millennium Bank Secured Black Diamond Visa® or MasterCard®

New Millennium Bank has guaranteed your credit approval for up to $10,000* (with both cards) in secured credit! Build or rebuild your credit the SMART way with a NMB Secured Black Diamond Visa® or Mastercard® credit card! * Terms and conditions apply.

New Millennium Bank Secured Black Diamond Visa® or Mastercard®

UltraVX Visa®

Now anyone can qualify for a credit card with UltraVX Visa®. It's the only card featuring Credit-On-Demand™* which allows you to grow your credit line up to $25,000. Instant approval (no credit check, no minimum income, no bank account required), reports to the major credit bureaus. Clear Rewards you earn 1 point for each $1 spent, redeem points for Southwest Airlines, American Airlines, jetblue, Marriot, and more with no restrictions. …give yourself some credit with UltraVX.

Get the UltraVX Visa® Today.

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