Secured Credit Cards: Which One Is Best?

Secured Credit Cards: Which One Is Best?

Sends

Application Deposit

Fee

Required

Credit Limit

Earns Interest?

Annual Fee

Late Payment

Fee

APR

Information to Credit Reporting

Companies?

no

$200 $150

no

$29

$19 22.9%

yes

yes

$300 $5,000

equal to deposit amount

yes

$35

$35 20.99%

yes

no

$300 $10,000

equal to deposit amount

no

$25

$35 18.99%

yes

Teacher Resources for | Developed for the FTC by the Center for Applied Linguistics

Secured Credit Cards: Which One Is Best?

Best application fee Best deposit required Best credit limit Best interest on deposit Best annual fee Best late payment fee Best APR

Teacher Resources for | Developed for the FTC by the Center for Applied Linguistics

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