Does a Secured Credit Card Help Increase My Credit Scores

Does a secured credit card help your credit scores? This is a very common question that people who are trying to repair their credit rating often ask. While the answer is yes a secured credit card does help your credit scores there is more information that you need to know in order to get the most from your credit repair efforts and your secured credit cards.

Tips For Credit Score Improvement Using Secured Credit Cards

First you need to make sure that you do not abuse your new secured credit card. There are only two ways that you can make sure you do not abuse your charge card, do not pay the account late and do not max the account out.

While these may seem like obvious tips they are often ignored. Many people with bad credit often end up repeating the same mistakes they made before a short time after they get their new secured card. To avoid late payments it is recommended that you enroll in any auto pay program that your card issuer offers its borrowers. Being enrolled in auto pay will guarantee that your payment is never late and your scores continue to rise.

As far as not maxing your secured credit account out this is also very important if you want your credit scores to improve, in fact if your balance goes over 40% of your accounts limit your scores can actually start to quickly drop.

This is an area where you will have to use self control and keep careful track of your spending or your new credit card could end up hurting your credit scores rather then helping them. If you can manage it the best thing to do is to pay off the balance in full every month and avoid carrying a balance all together.

Three Great Secured Credit Cards That Will Help You Boost Your Credit
The Rush Card

Founded in 2003 by entrepreneur and philanthropist Russell Simmons, UniRush, LLC, revolutionized the payments industry when it launched one of the first prepaid Visa debit cards. Rush Card empowers cardholders to take control of their financial futures. It’s an easy-to-use alternative to credit cards without the worry of credit card debt.

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The Next Millennium Secured Master Card

The next millennium Master card offers instant online secured credit card approval,with no credit checks and offers secured credit lines of up to $5000. With the secured next Millennium MasterCard You will enjoy all the purchasing and credit score boosting benefits of a normal MasterCard without the worry of getting yourself into credit card debt.

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Account Now Master Card

The Account Now Secured credit offers applicants 100% approval and $0 cost activation fees. You can also apply online and have your new account open in minutes.The Account Now Secured credit offers applicants 100% approval and $0 cost activation fees. You can also apply online and have your new account open in minutes.


Get Your Account Now Vantage Debit MasterCard