How Do Secured Credit Cards Work?

| Total Words: 534

Secured Credit Cards – Pros, Cons, and What to Watch Out For

If you’ve been turned down for several credit cards, even with low credit limits, a secured credit card may be the right product for you.

In today’s society, having a credit card is no longer a luxury, it’s a necessity. You need a credit card in order to rent a car, book a hotel room, or in the most extreme cases, to rent a movie from the local video store. People without credit cards are locked out of the e-commerce revolution, since a credit card is needed to buy online. Most people can qualify for a traditional credit card, even if it is with a low credit limit and high interest rate. But what about the people who’ve made serious mistakes in the past? Are they doomed?

The Advantages of a Secured Credit Card

While it’s true that a debit card attached to your bank account can substitute for a credit card in most cases, the sad truth is that using a debit card doesn’t utilize credit – and therefore, it can’t help to improve your credit score. Since a debit card withdraws money from your checking or savings at the moment of purchase,...

To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...

Recommended Products You Might Like

Getting A Grip On Loans And Credit Cards Plr Ebook

Price: $3.97
Download Now

You Your Credit Cards Newsletter PLR Autoresponder Messages

Price: $2.97
Download Now

Credit Cards Niche Blog Personal Use Template With Video

Price: $2.97
Download Now