Centennial Secured Credit Card
being that i’ve been in this boat before i can tell you that if you are going to rebuild your credit the Centennial Secured Credit Card is not your best option actually out of most of the secure credit cards i’ve come across this is one of the worst ones. Below i will give you brief run down of their fees.
First lets talk about their Annual Percentage Rate (APR) for Purchases 19.9% remember this is secured credit card that you will be funding. Let’s go on the big one the Annual Fee the Centennial Secured Credit Card charges $50.00. That’s REALLY high so have even gone as far as to call it a scam I wouldn’t say that but that’s high. Also with an annual fee of $50 one has to put into consideration the minimum deposit so if your minimum deposit is $200 Based on your initial credit limit of $200.00, your initial minimum available credit will be only about $150.00. That’s crazy!!!.
A Much Better Option than the Centennial Secured Credit Card
A much better option is Public Savings Bank Classic Visa Card let me list just a fee of the benefits 0% APR for 6 month’s no credit check, NO ANNUAL FEES, NO MONTHLY fees low minimum deposit of only $200, plus a 25 day grace period. Just those features alone puts the Centennial Secured Credit Card into retirement and also yes they report to the MAJOR credit bureaus this is NOT a Pre paid credit card you will be building credit notable features in point form 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
Most of the features listed above are no where to be found with the Centennial Secured Credit Card. Nobody wants to get a secured credit card but it’s something many of us will have to endure in our lifetime it’s life things happen but everyone wants good credit so we make the sacrifice, but that doesn’t mean we won’t shop around for the best card. The demographic that usually need a secured credit card fall into the following bracket.
• 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
The Public Savings Bank Classic Visa Card is an FDIC insured bank located outside Philadelphia PA. Normal business hours are 9 -5 and in case of emergency or in the event people just want to check their accounts 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
Personally I recommend you get the Public Savings Bank Classic Visa Card but if you don’t take my advice i recommend you to read the pricing and fees section before signing up with the Centennial Secured Master Card. thank you for reading my post good luck!