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When Matthew Ramachandran was 18, he put a $400 security deposit on a Bank of America secured credit card. It helped him grow his nonexistent credit history to a 700 credit score in eight months.
Bank of America’s Customized Cash Rewards Secured Credit Card earned a spot on our list for its zero-dollar annual fee, high credit limit, and rewards structure.
A secured credit card is a type of credit card that is backed by a cash deposit. The deposit is often equal to the credit limit, which tends to be equal to 50 percent to 100 percent of the amount ...
Card terms and features. Unsecured credit cards. Secured credit cards. Deposit required? No. Yes. Minimum recommended credit score to qualify. Usually 670 or higher (though there are usecured ...
Visa Inc. (/ ˈ v iː z ə, ˈ v iː s ə /) is an American multinational payment card services corporation headquartered in San Francisco, California. [2] [5] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.
With a secured consumer card, deposits can be quite low; for example, some personal secured cards allow you to deposit as little as $49. Credit card issuers typically require much larger deposits ...
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