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New Member
posted Mar 4, 2019 10:58:28 AM

Low credit score

How can i get a credit card with low credit?

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1 Replies
New Member
Mar 5, 2019 4:08:49 PM

Some banks and/or credit unions offer what you call a secured credit card. It is an actual credit card, but it is secured by funds "frozen" in a designated account, usually a savings account. You can designate how much of a credit line you want, say $500. You must keep that in the account and those funds are not available to you until you cancel the credit card tied to that secured credit card. I did this for my daughter how was just starting out and had no credit at 18. After a year she was able to apply for and qualified for a credit card through another bank on her own.