If you have a limited credit history, or past or current credit issues, you may not qualify for all credit cards. Luckily, secured credit cards are a great option. Secured cards are guaranteed by your funds, which act as a security deposit in case you default on the loan with the credit card company. The nice thing about secured cards is that they work, act and look just like regular credit cards, which is important if you need to rebuild your credit. In fact, most of these cards will report your payment history to credit bureaus and reporting agencies to help boost your credit history. Prepaid cards are another great option for those with poor credit, although they won't help improve your credit like secured cards do. Prepaid cards act like a debit card, requiring you to deposit the amount you wish to spend ahead of time. We review secured cards from our partners in this section, but if you're interested in prepaid cards take a look at our Prepaid Cards reviews. To learn more about credit cards, see our Credit Card FAQs.
Disclaimer: This content is not provided or commissioned by the credit card issuers. Opinions expressed here are author's alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers. This site may be compensated through the affiliate program of the credit card issuers.
Can a Credit Card Be Closed for Inactivity?
Q: I have a few credit cards that I haven?t used in quite some time. Could my accounts be closed because of inactivity? Thanks for your question. Unfortunately, yes, credit card accounts can be closed by the issuer if they?re unused for extended periods of time. There is no exact science as to when the card [...]
3 Ways Millennials Can Successfully Save Money
How much do young adults actually know about their credit score and saving money? The results of a recent study conducted by the Consumer Federation of America show that Millennials know less about their credit score than older adults, but that doesn?t mean young Americans can?t take steps to improve their credit score and save money. You're [...]
How Do Chip and PIN Cards Differ From Chip and Signature?
Q: What?s the difference between chip and PIN and chip and signature credit cards? I?m traveling abroad soon and I want to make sure I'm using the safest option. That?s a great question. While the United States still uses magnetic stripe card technology developed in the 1970s to process debit and credit card transactions, many parts of [...]
5 Things You Won't Believe Hurt Your Credit Score
Deciphering your credit score can be difficult, especially if you don't know all the ways you can be hurting it. Your credit is not only attached to your credit card use, but with many everyday financial activities. Here are five things that can hurt your credit, and ways to prevent them from happening to you. [...]
Citi Double Cash Card: New Cash Back Card on the Block
The Citi® Double Cash Card (a NextAdvisor advertiser) is Citi's attempt to be a major player in the cash back credit card game. In recent years Citi has had great 0% Intro APR cards but has not been able to compete with some other major issuers when it came to the quality of their cash back [...]
5 Things Excellent Credit Can Do for You
Have you ever thought of how an excellent credit score may impact your life? It's no secret that there are a number of benefits to having a high score. Simply put, it can affect many of your current and future financial decisions. If your credit is excellent, for instance, you have a better chance at [...]
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