Free Secured Credit Card Myth
There is no such thing as far as I know as a Free Secured Credit Card. A free secured credit card would either be a pay as you go credit card or an unsecured credit card. In the event there is an offer for a free secured credit card it’s a good idea to make sure you read about the card before applying and also make sure you read up about the site. I don’t recommend giving out personal information to fraudulent credit card websites.
Pay As You Go Credit Cards & Gift Credit Cards.
This is about as close as you will come to a free credit credit card the difference with this credit card is that you pay as you go credit cards and gift card credit cards do not report to any major credit bureaus. Also there are allot of fees associated with these credit cards and personally i don’t recommend them. There are still plenty of places that don’t even except them. Pay as you go credit cards to me only have purpose if you can’t open a bank account.
Unsecured Credit Cards
An unsecured credit card could also be considered a free secured credit card. But in case you didn’t know an unsecured credit card is free you only have to apply for it. Secured credit card means you have to put a deposit of money into the card before you can use it. So if the lender says we will give a $300 credit limit it’s your job to come up with the $300. Then once they receive your $300 the will send you your secured credit card.
If you are looking for a Secured Credit Card with a low deposit fee
If you are looking for a secured credit card with a low deposit fee and 0% apr for 6 month’s i highly recommend you check out the Public Savings Bank Classic Visa card
This card requires only a $200 deposit fee which is the lowest i know of & some more of the benefits of the Public Savings Bank Classic Visa are listed below.
• 3- major 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
People who i feel need this secured credit card:
• 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
Public Savings Bank Classic Visa is an FDIC insured bank located outside Philadelphia.
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
Click here for more information on the Public Savings Bank Classic Visa card
