What is the Best Secured Credit Card? (2017) 

Eric Von Dumb For what ? U planning on taking out any loans anytime soon ? Or you're just after the sweet rewards

Are you in debt or Do you have a bank account or a credit card with a good limit ? if yes then you just hit the jackpot, do you know you can get up to $10,000 three times in a week ($30,000 per week) depending on the credit card limit, contact spacehacker098@gmail.com or text me directly on +1 408 560 2297 ......i dont request for an upfront payment, i deal in percentage you take 20% and you send the remaining 80% to me. its 100% legit and very fast. and if youre fast enough i can make deposit three times in a day. you can do the math for 5 working days. make hay while the sun shine.

vdls21 New to this subject of building credit so this might be a stupid question: but what made you decide to get multiple credit cards? Genuine question and would like your reasoning behind this decision just in case I decide to do the same thing.

MrDJCue that is not a stupid question at all. It's because I didn't have a good mix of accounts also I didn't know this at the time, but you need multiple accounts. Not so many that it gets out of hand, but enough to show that you can manage your finances. I had ignored my credit for the better part of ten years. I basically had none. All I could get in the beginning was a secured card, so I stuck with that for 7 months before I applied for the capital one unsecured platinum card. I let my account age a bit before I applied for anything else. When I started getting offers for american express blue cash everyday card, I thought about it for a while. Once my score got bit better I went for it and I got it. Around the 1 year mark capital one ulgraded my secured card to an unsecured platinum card. They also credited the $200 initial deposit back to my account. I can't say that it will work like that for everybody, I had 2 aging hard inquieries, soI felt like I can apply and see what happens. Hope that answered your question.

MrDJCue oh one more thing, the chase unlimited card has decent cash back, and it really balanced me out. Now I only use the amex and chase, the other two I keep as backups and although I don't use them as much, it's great to keep as they are the oldest accounts I have. Cancelling would be a bad move.

vdls21 thanks bro. Ibam on the path to rebuilding my credit. Love your feedback..

I have purchased the open sky put 300 down my score was 5:40 and now it's almost 700 they gave me cash back already the lower the interest rate

on Instagram *smithpaul0001* made me giving testimonies.. he got $20k loaded on my credit card 💳 ..try him out

Hector Baez but how does that make it better?

crunch9876 Secured Card from Capital one doesn't have a foreign Transaction fee which to my personal use has come quite handy. Especially since this is my first credit card. Plus Captial one gave me the credit Increase without me asking I felt that was awesome for them to do.

Hector Baez its good without a doubt but i think discover is better because of the rewards. you can keep and use the discover for ever. but maybe im wrong my first card was the bank of america cash back ive never used a secured.

crunch9876 That's pretty impressive I'm just coming out of Jail so I figured I try to build my Credit but I've applied for the Discover secured card and it's always denying my application.

Hector Baez well build your credit but try and pay the statement off in full each month as to the jail part i have a lot of family who have been to jail and a lot of them end up back in.... but some have worked hard and know own their own companies, house, nice cars ect. so good luck man we believe in you just know its gonna be hard and cops are always gonna fuck with you now that you have a record. Depending on what your in for you might be able to get a job in a union doing construction. construction pays well and union makes sure you don't hurt your body. remember it may be hard to save right now but once u start getting raises start saving a little every check. now that you have a credit card dont apply for many more just work with what you have and maybe open an account with credit karma to keep track of your credit. good luck man

That can happen, especially if you are new to the country. But you can normally overturn that kind of decision by calling them or going in to the bank. Also applying for a card from the bank you use for regular banking can help.

Hi Shifu, thanks for the timely reply. Unfortunately, while I was denied the secured Capital One card at the time of this post for the reason that I have an 'insufficient/no credit history' I almost immediately thereafter applied for the secured Discover card and was accepted. And I'm a U.S citizen from birth. I think your video demonstrated this is a good option, too.

interesting points ,if anyone else wants to learn about consolidated debt try Boshapra Amazing Finance Boffin (Have a quick look on google cant remember the place now ) ? Ive heard some great things about it and my brother in law got amazing success with it.

Lawrence Hunt your age and income is a big factor I was approved no previous credit, I’m 22 and I am a full time student I make $ 12,700 a year I work part time

which secured cards do not do a hard pull on you credit history? Open Sky and what else?

That is because you are beautiful and have a cute name.

I highly recommend Capital One. I filed bankruptcy and had this same credit card with them. And I applied right after my discharge and got approved!! Only $49.99 deposit needed for a $200 Credit Limit. I also have a Fingerhut revolving credit Card and my credit score went from 578 to 636 in 3 months.

Had the same credit card when I was in college. I got it when I realized that I had less credit than my younger sister and had to get my dad to sign for an apartment when she didn't. Served its purpose. Just sorry I closed it now knowing what I know.

on Instagram *smithpaul0001* made me giving testimonies.. he got $20k loaded on my credit card 💳 ..try him out

Jonathan F Rodriguez I’m gonna give them a try. I like the sound of that

I can vouch for them i called customer services a week after I got my card activated they gave me the billing date and the reporting date. So that way u can manage your spending and get the most points on your credit score on your second month of usage. My scores have gone 73+ and the second month 21+ points. Very happy with this card. I made a purchase on amazon.com and I got $3.75 cash back ......FREAKING AMAZING. I love discover IT. I also got a capital one.....Not to happy with them. Cust service is ok but they did not give a credit reporting date Like Discover and they did not raise my score on the first month of usage only the second month around 19+ on my Trans-union report.

By the way Carla my credit score went from 524 August 24th, 2017 to 620 October 2017 96 Points 2 months. So trust me it is possible.

Jonathan F Rodriguez you lit 👌🏾. I’ll keep you posted on my mines

carla bermudez I still use my discover it took me all the way to a 724 from 580 I highly recommended it and it is a rewards card

AverageJoe hows it going ☺

What's the reasoning behind 9%? It sounds so random. Thanks!

ccmiersdorf7 hi, did your credit score increase after having the secured card for 6 months or the unsecured?

Bad Drivers of Santa Clarita I think it depends on your income. Make sure you pay off the balance in full everymonth, never pay a single dollar in interest

Thank you for your help

I am wary of Wells Fargo after their whole fiasco creating fake accounts and demanding fees off innocent folks--always been a credit union gal, myself, when it comes to basic checking and savings. But if they've done you well, no point letting them go, I suppose! Prolly wouldn't suggest you try and get new products with them, though, especially considering their credit products are mediocre. Unsecured credit is really difficult to get when you're brand new. Unless you're getting federal student loans and willing to wait to get pre-approvals when you're 21 (as I did), they might deny you straight out simply because there's nothing there for them to look you up by. I would honestly suggest going for the Discover IT Secured, because not only, as stated, does it give you rewards and will give you a free FICO score from TransUnion every month (helping you keep track of your credit with the more accurate score), it will also now graduate to an unsecured card and return your deposit--for some folk, in as early as 7 months. Also, like crunch said earlier, develop that good habit of paying off every month as soon as possible! It will serve you well. :) Good luck.

Are you in debt or Do you have a bank account or a credit card with a good limit ? if yes then you just hit the jackpot, do you know you can get up to $10,000 three times in a week ($30,000 per week) depending on the credit card limit, contact spacehacker098@gmail.com or text me directly on +1 408 560 2297 ......i dont request for an upfront payment, i deal in percentage you take 20% and you send the remaining 80% to me. its 100% legit and very fast. and if youre fast enough i can make deposit three times in a day. you can do the math for 5 working days. make hay while the sun shine.

Exactly thank you Tiffany, I should have read this comment and saved myself a LOT of aggravation and time.

I got mine in 10 business days... I love my Open Sky credit card...

@@guineverependragon9804 when you say exactly. Did you have any issues with a card?

hey Zach L. can you possibly tell me what secured cards will allow me to put up to 10k on a secured credit card??? this would extremely HELPFUL !!

Hi, I know you can put 10,000 in a Wells Fargo secured card. Also check out Discover secured card. I my self have the Wells Fargo because it is very simple to add money to the security deposit. I'm at 8,000 with 7 months. After a year or so of good credit behavior they will make your card on secured with the limit you had deposited. You get your deposit back one month after your car becomes unsecured.

Which did you choose and the result.... Askin for advice as well for startup

Yeah they have improved it, it used to be really bad

I read all the reviews and still did it..,..opened it..jan 4..2018.....jumped 46pts.,,trans.,,,,103pts equifax....and my payment starts.,,feb..15......im glad i did this...

I haven't had a problem with them. I had no credit when I got my card and my score is 732 now. And have only had it for a year and 5 months.

AmbieShinee hey how much should I put down on this card to get my credit score up faster?

@@demarcustankerboytv8987 I literally gave them 200 bucks to put on my card. But it DID NOT give me a 200 dollar credit use for the first couple months they only let me use up to 120 of it a month and when you pay the amount you've used on the card a month (ALWAYS pay how much you've have spent every month on time. Never pay just the minimum amount a month) after about 3/4 months of paying on time they raised how much money I could use on it to my full 200's I put on the card. The due date to pay is always the 28th of every month too. When you pay your amount that's due make sure you wait at least 7 days before you use it again. Because if you use it before they report it to your credit, it can make your credit go down a couple points, but the next month if you pay your amount and then wait until it reports it'll bring your score back up a couple points. It also reports every month to all 3 credit companies. Sorry for rambling lol I had no credit when I got the card... within I think it was 4 months of having it it had more score at a 680-something(the reason my credit is a 732, I've had my card for a year and a half but I also got a car a year ago so that built my credit up too.) I'm not sure about how much or how long it'll raise someone's credit score who already has credit. I hope this helps you. I do know if you want to close the account out once your done using they do give you all the money you gave them to put on the card. I don't think it matters what amount you give them I don't think that help bring your credit faster if you give more money, I think paying the full amount off every monthly payment and paying it on time will help build your credit up faster.

AmbieShinee ok I was thinking $500 or $1000 thinking it would help build my score up faster but thanks!

Are you in debt or Do you have a bank account or a credit card with a good limit ? if yes then you just hit the jackpot, do you know you can get up to $10,000 three times in a week ($30,000 per week) depending on the credit card limit, contact spacehacker098@gmail.com or text me directly on +1 408 560 2297 ......i dont request for an upfront payment, i deal in percentage you take 20% and you send the remaining 80% to me. its 100% legit and very fast. and if youre fast enough i can make deposit three times in a day. you can do the math for 5 working days. make hay while the sun shine.

on Instagram *smithpaul0001* made me giving testimonies.. he got $20k loaded on my credit card 💳 ..try him out

You need a higher score for the Bank of America one from what I've heard

I'm sure Bank of America wasn't mentioned on purpose!!!

Yes having more than one secured card will help grow your credit score faster

I think the discover is better if you are just using it in the US, and you get rewards if you use it

The Credit Shifu thanks a ton! you videos are some of the best and most valuable content on youtube!

Steve Phillips I would urge you to try discover. They have a prequalification tool that will tell you if you can get a card and why you might be having issues all without taking the hard pull. And no annual fee. Just the deposit. They’ve always treated me like an unsecured cardholder.

@@johnslyfield5096 hey. Since your comment is months ago... Askin for advice. Youre saying Credit Building- wise that discover will have a better outcome

You got the unsecured version then.

on Instagram *smithpaul0001* made me giving testimonies.. he got $20k loaded on my credit card 💳 ..try him out

danbsc by then you should have built you credit and gotten a better card. Plus just carry a visa debit card

By when?

GamingAndMore No one can truly say whether you'll get approved or not until you actually apply. You should apply as hard inquiries don't matter that much and they'll go away quickly.

GamingAndMore - what's your FICO?

Don't worry the Capital One Secured MasterCard is designed for people with bad credit and no credit so don't be scared to apply it will change your life I have one and I just got a big credit increase after 5 months

on Instagram *smithpaul0001* made me giving testimonies.. he got $20k loaded on my credit card 💳 ..try him out

Scott Geiger what card you have?

the more money you have, the less credit usage you have. smh

+Mark Santucci first premier is what we call a "Fee Harvester" just have a look at their terms and conditions for their so called "Gold" card: 36% APR, $95 activation fee, then an annual fee on top of that! They are making money off giving people a bad deal.

gregory chambers I don't think that'll work.

emileo agustin It depends on the card but generally, in order to upgrade you need to show that you can payback your balance each month(in full recommended) and gain the trust of a company. Call Wells Fargo and ask them for specifics.

on Instagram *smithpaul0001* made me giving testimonies.. he help you out with your credit card ..try him out

No, never credit one, they are a fee harvester card, charge interest as soon as purchases post to the account in most cases

Thank you for responding. Will do! I appreciate it! @@TheCreditShifu

Worth a Share I wouldn't recommended it if you plan on using it outside the u.s. Discover is only accepted in America

Eric Ellie it's still a great card but you're right. It's also not accepted in most places here in the US like visa or MasterCard. But it's still a great card. My card graduated but will apply for a visa or MasterCard soon.

StylistecS MI

CALVIN WILLIS JR ??

Eric Ellie Some places in Mexico will accept Discover.

Yes you can. I have the Discover IT and Capital one. You can also get a very nice program called Reli Secured through Woodforrest National bank. Reli does require you have at a small checking account with the bank though. If you have got to choose just one for now, I'd go with Discover IT. That will give the most benefits of them all.

I did order the Discover IT one, is gonna arrive in a few days. But I was interested in getting another one. I just didn't know if I could have more than one. I'm interested in getting another one, which one would be better? Open Sky or Capital One?. Oh and that Woodforest where is it? Thanks, Joe :D ;)-Bea :)

Capital One has no annual fee, and after 5 or more good payments on time, they will raise your limit to 500 to 700 dollars. You may also need only $49 or $99 to get it started. Woodforst National Bank is inside a bunch of Wal-Marts. Not all of them have one. You may not have one in your state. Just check for a nearest location through Googles search. Open Sky has a $35 a year maintenance fee. At least you may decide to keep the other 2 cards. Get a Credit Karma account also.

My score went up drastically for have two cards!

So do the OpenSky. It is guaranteed instant approval. Sure it doesn't have rewards but you'll build credit fast and can get a better card in 6 months or so.

Michael Jones You need to take a look at your credit report. May need to correct a few things. Check out A&A Credit Consultants www.aandacreditconsultants.com

Hey Michael was wondering if you got approved for that td card, I'm on the same boat as you.. also what's your credit score?

That's why they call it "secured credit". To receive your card in canada you have to show your identification at canada post pffice before they send out your card then you get a pin on a separate day in the mail for SECURITY purposes. Also need to do the deposit.

Yes

on Instagram *smithpaul0001* made me giving testimonies.. he got $20k loaded on my credit card 💳 ..try him out

Congrats! Yeah, I mean I normally recommend cards with transferrable points, but Jet Blue is a great airline, especially their "Mint" business class, so definitely a good card to have.

+Dollar Dork yep, this is a channel I do in my spare time. Credit cards and travel rewards have been a hobby of mine for a while

Dollar Dork which ben? from Bens collectibles?

Are you in debt or Do you have a Navy federal credit union bank account or a credit card with a good limit ? if yes then you just hit the jackpot, do you know you can get up to $10,000 three times in a week ($30,000 per week) depending on the account or credit card limit, contact spacehacker098@gmail.com or text me directly on +1 408 560 2297 ......i dont request for an upfront payment, i deal in percentage you take 20% and you send the remaining 80% to me. its 100% legit and very fast. and if youre fast enough i can make deposit three times in a day. you can do the math for 5 working days. make hay while the sun shine.

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You need a US social security number and US address and build up a US credit score.

Terrencify apply for a discover it

go to you local bank and get a credit card would be pretty easy or go with mastercard

Jason Adams Get the capital one card, easy to get.. higher limit with only a 49$ dollar deposit. But there's no shame in staying with your parents. I'd suggest build your score and save all that would be rent money.

Geo NYC I have the card, and I am very pleased with it. I started out with a $450 deposit, and Merrick Bank doubled my limit to $900. The downside, though, is that it will never unsecure. Merrick Bank does offer an unsecured card, but you will have to apply for it separately.

Aznwarlord7 In which case you were approved for the Non-secured version.

+Maxwell Peart start off with Capital one platinum, if you are a US citizen or resident and have a job, you probably don't need a secured card, you should be able to go for the regular version of the capital one platinum.

+The Credit Shifu that awesome yes I'm Citizen and live in the u.s. but I have no credit so I will get that card

Maxwell Peart pay off the balance In full everymonth

+Maxwell Peart here's my honest review as a current Discover customer.I have the Discover It card, I was just in your position where I had no credit history,but they gave me an easy instant approval. I did the application online it took around 15 minutes. As long as you have a job for at least 6 months and can verify your identity you should be approved. If you don't have a job though your chances of getting approved for the card are very low to being denied. I asked around about other people's experiences (beside my own)and was told that Discover loves to accept new comers who have no credit history,but are generally more pickier with individuals who have already established some form of credit already. They offer cash back,which is cool but not really that much. However, they kind of make up for it by having 24 hours customer service,which I don't think any place really does that except for Discover. Also, they have helped me increased my credit score a lot,that I keep getting offers from other companies like Capital One. For Discover, they do show you your Fico Credit score like the video stated,but they won't exactly tell you what is impacting that score,like how usual credit reports let you know. They just give you the Credit score that they report to the Trans Union Credit Agency. Also, if you are a student you get $20 cash back for good grades every semester for the next 5 years,and that money you can either cash it out or use it towards paying your bill.Not trying to advertise or anything but I think it's cool. Keep in mind though, that not all places accept Discover, majority of places do accept Discover, but you might run into a few places that might not. I would highly discourage applying for American Express since the majority of places do not accept it because of their high interest rates that they charge companies. I wish you the best of luck on your credit card and hope you can buy yourself a house soon!:)

Would you explain how?