Secured Credit Cards That Report To The Credit Bureau
In terms of finding the best Secured credit card in Canada your best option in my opinion is going with Capital one. The other option in Canada could be the Home Trust secured visa Card but the minimum deposit amount is currently $1000 CAD which if you just filed for bankruptcy or you have bad credit might be hard to come by. Capital One on the other hand has a minimum deposit of $300 CAD the whole process might take a few weeks for you to get your card and think you have to be discharged of bankruptcy or insolvency before getting accepted. If you have bad credit and never filed for bankruptcy Capital One is still the superior credit card lender in Canada.
Things to watch Out with Capital One is if you go over you minimum balance they will charge you $29.00 and if you go over twice those charges will pile up. They give three passes if this occurs call them and also while you are calling them make sure you deposit the at least $40 into your capital one master credit card. Capital one does report and can help you establish or re-establish your credit. All capital One Secured credit cards in Canada have annual fees of about $59.
Secured Credit Cards That Report To The Credit Bureau in the United States
In the United States you actually have a better solution than capital one. Capital One is pretty good but the problem lies with the fact that Capital One in the U.S has annual fees and general fees that you won’t have to pay if you choose to get the Public Savings Bank Classic Visa Card
The major reason the Public Savings Bank Classic Visa Card beats out capital one is because with Public Savings card there’s no annual fee and there’s no monthly fee there is also a 25 day grace period. More features are listed below.
• 3-bureau credit reporting
• 0% APR for 6 months
• No annual or monthly fees
• Low $200 minimum deposit
• No credit check or credit inquiry
• No income or employment verification
• 25 day grace period
Capital one in some states offers the 0% APR rate but you also have to take into account the fees that are associated with using the capital one credit card. With the Public Savings Bank Classic Visa Card they also do not ask you for income verification and they don’t check your credit all this while reporting to the big 3 Credit Bureaus. They also have a low $200 minimum deposit in some States capital one has a $100 security deposit but again i have to remind the customers about the annual and monthly fees associated with the secure capital one card. Public Savings Bank Classic Visa Card has no monthly or annual fees and has 0% APR for 6 month’s. People who should get this card are People with:
• BAD CREDIT
• NO CREDIT
• DAMAGED or THIN CREDIT
• Students & immigrants
• People who need credit tradelines
• People looking to buy a home or car
• People looking to rent an apartment
• People who need a credit card for travel, hotel or car reservations
if insurance of your money safety is concern take notice that Public Savings Bank Classic Visa Card is an FDIC insured bank which is located outside Philadelphia. So along with a secure visa credit card Customers also get:
• Free 24-hour online account access and bill payment
• Benefits include travel and car rental insurance
• Zero liability for fraud
• Free emergency card replacement
If you are looking for Secured Credit Cards That Reports To The three major Credit Bureau’s look no farther than the Public Savings Bank Classic Visa Card
please leave any questions or comments below.
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