The Platinum Zero Secured credit card is a good, but not great, choice for anyone trying to build or rebuild credit. There are many situations in which individuals do not qualify for any credit cards or only the worst possible ones. If this is you, a secured credit card may be just what you need.
If you have never had a credit card, are new to this country, or have recently undergone serious financial issues like bankruptcy, you need to build your credit. However, you will find that you do not qualify for many credit cards. Therefore, a secured credit card is one of the best ways to prove your financial fitness, so you can qualify for future credit cards. Find other online credit card offers now!
It is important to understand that while the secured credit card looks and acts like a regular credit card, it is secured by your money. You must put an amount equal to your credit limit in an account for the purpose of securing the card. The money is then unavailable to you, until you qualify for an unsecured card, which is usually in about a year.
Platinum Zero Secured Credit Card Benefits
The Platinum Zero Secured Visa card offers many of advantages. There is a 0% APR on purchases on this card. There is also no application fee and your online application is accepted quickly. Applied Bank, the issuer of this secured card, does regular credit bureau reporting to help you get your credit score up fast.
Platinum Zero Secured Credit Card Disadvantages
While this credit card does not strictly have an annual fee, its monthly maintenance fee of $9.95 a month adds up to a whopping $119.40 annually. This fee is significantly higher than other credit cards charge, even for unsecured “high risk” credit cards. Therefore you may want to look at its terms and conditions carefully.
Compare the Platinum Zero Secured Credit Card Now
Before you take out a secured credit card or any type of credit card, it is wise to carefully examine your options. Compare the Platinum Zero Secured Credit Card and other credit cards available to you quickly and easily by letting a credit card offer comparison tool gather the information you need.