Online Secured Low Interest Rate Credit Card Comparison - Rebuild Your Credit
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Online secured low interest rate credit card comparison is an
excellent way to rebuild your credit. A secured credit card is a type
of credit card secured by a deposit account owned by the cardholder.
In general, these credit cards require the cardholders to deposit
between 100% and 200% of the total amount of credit desired. For
example, as an estimate, if the cardholder puts down $1000, he or she
may be given credit in the range of $500 to $1000.
Some of the credit card issuers also offer incentives even on their
secured card portfolios. In these cases, the deposit required may be
significantly less than the required credit limit and can be as low as
10% of the desired credit limit. You can choose your option that
caters to all your needs by a good online secured low interest rate
credit card comparison.
However, you must remember that as in regular credit cards the
cardholder of online secured low interest rate credit card is expected
to make regular payments. If the cardholder defaults on a payment, the
card issuer has the option of recovering the cost of the purchases
paid to the merchants out of the deposit. Secured credit cards chosen
with an online secured low interest rate credit card comparison are an
option to allow a person with a poor credit history or no credit
history to have a credit card which might not otherwise be available.
Online secured low interest rate credit cards are often offered as a
means of rebuilding one's credit. What is more, secured credit cards
are available with both Visa and MasterCard logos on them.
John Gutenburg has written many more articles about credit cards at :
http://the-secured-credit-cards.blogspot.com or
http://the-credit-card-application.blogspot.com