
► VISA and MasterCard are
the two most convenient major credit cards since they
are accepted at most establishments worldwide. With
secured credit cards and debit cards/prepaid cards,
you do not need to have good credit to be approved.
► Some companies will issue
secured
credit cards and prepaid
cards to customers without credit checks or employment
verification.
► You can use your prepaid
Visa or Mastercard or secured Visa or MasterCard anywhere
Visa and MasterCard are accepted. Subject to available
credit.
► Based on good payment
history over an extended period of time, some banks
will then agree to increase your credit limit
without further deposits. Or they may offer you an unsecured
credit card. A secured credit card is a great tool to
get your credit off to a good start.
► Secured credit cards
require a deposit with the credit card issuer. You will
be "securing" the credit line with the deposit.
That security amount (or more) will be the credit line
for your card. In many cases, the secured
card is reported to the credit bureaus.
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