| Card Name |
Annual Fee |
APR |
Reward |
Grace Period |
Description |
Orchard
Bank MasterCard® Secured
|
$35 |
18.90% Variable * |
------- |
25 days grace |
The Orchard Bank MasterCard® Secured, issued by Household Bank.However,
it is important to note that there are minimum caps applied to the
interest rates for purchases and cash advances. |
Cross
Country Bank Secured Visa® Gold Card
|
$0 |
23.99% Variable * |
------- |
None |
The Cross Country Bank Secured Visa® Gold Card is designed for
those who need to reestablish their credit or are in the early stages
of building credit. As with many secured cards, there are a variety
of fees associated with this credit card, and these fees are applied
in addition to the $200 security deposit that is required to maintain
the account |
New
Millennium Bank Platinum Visa®/MasterCard®
|
$59 |
19.50% Fixed * |
Up to $150,000 in travel accident insurance.
Auto rental insurance.
Extended warranty for purchases.
Free companion airline ticket upon enrollment.
|
None |
The New Millennium Bank Platinum Visa®/MasterCard®, issued
by New Millennium Bank, is designed for those with limited or poor
credit who may be having a difficult time in obtaining a standard
unsecured credit card.
Most often secured credit cards do not have any additional perks
or benefits; however, this card does provide several benefits including
auto rental insurance, up to $150,000 in travel accident insurance,
and an extended warranty for purchases. |
Amalgamated Bank Gold
MasterCard® Secured
|
$50 |
9.25% Variable * |
Up to $250,000 in travel accident insurance.
No liability for unauthorized transactions.
Auto rental insurance.
Purchase protection.
Extended warranty for purchases.
Roadside assistance.
|
25 Days grace
|
The Amalgamated Bank Gold MasterCard® Secured, issued by Amalgamated
Bank of Chicago, is designed for those with less than perfect credit
that may have difficulty in obtaining an unsecured credit card.
This is one of the least expensive secured cards available to cardholders
in terms of carrying a balance, as the interest rate for purchases
and cash advances is very low at just under 10%. In addition, the
card has no participation or processing fees, though there is an
annual fee of $50. |
Bank
of America Secured Visa® Gold Card
|
$29 |
14.99% Variable * |
Various Internet account related services.
No liability for unauthorized Internet transactions.
Auto rental insurance.
Extended warranty for purchases.
Various travel and emergency assistance services.
Travel accident insurance.
|
20 Days (Min.)grace |
The Bank of America Secured Visa® Gold Card, issued by Bank
of America, is designed for those with a limited or poor credit history,
looking to reestablish their credit.
The card has a reasonable annual fee of $29 with no application
fees. Additionally, the APR for purchases is about average for a
secured card. Applicants can open an account with a minimum deposit
of $250, however, the deposit amount does not earn annual interest.
|
Wells
Fargo Secured Visa® Card
|
$18 |
17.24% Variable * |
Various Internet account related services.
Autopayment option.
Overdraft protection.
No liability for unauthorized transactions.
|
20 - 25 Days grace |
The Wells Fargo Secured Visa® Card is designed for those with
less than perfect credit who may have difficulty in obtaining an unsecured
credit card.
Like other secured cards, cardholders must secure the account with
a security deposit into a savings account through Wells Fargo, ranging
anywhere from $300 to $5,000.
|
UmbrellaBank
Secured Visa® Card
|
$35 |
16.90% Fixed * |
------- |
25 Days (Min.)grace |
The UmbrellaBank Secured Visa® Card, issued by UmbrellaBank,
is designed for those with limited or poor credit, and offers cardholders
the opportunity to establish credit at a relatively low cost.
The most attractive features of this card are the reasonable fixed
interest rate (for a secured card), the low annual fee, and the
fact that there are no application or processing fees.
|
