Seattle, WA (PRWEB) September 20, 2013
Today, experts from Creditnet.com, the leading credit card comparison and credit information site on the web, announced their choices for the top three best secured credit cards of the year. Financially responsible people never want to find themselves in a situation where they have bad credit, but sometimes situations beyond their control lands them with poor credit. Applying for a secured credit card is a great way to begin to rebuild a credit score because many secured credit cards offer instant approval with no credit checks or credit history required. This means if a cardholder has bad credit, he or she can still be approved for a secured credit card. Creditnet allows users to compare secured credit cards on the site.
In creating their ranking of the best secured credit cards of the year, the experts at Creditnet took into account several factors including fees, credit score monitoring tools, credit bureau reporting, credit limits, and more.
Here are the best secured credit cards of 2013 according to the experts at Creditnet:
1. First Progress Platinum Prestige Secured MasterCard - The First Progress Platinum Prestige Secured MasterCard is this year’s choice for the best secured credit card for building credit. With the First Progress Platinum Prestige Secured MasterCard, cardholders can be approved with poor or no credit history whatsoever, and the card is a full-featured MasterCard credit card that works wherever any other credit cards are accepted. The card reports monthly to the three major credit bureaus so that the cardholder can rebuild their credit with responsible use. Cardholders can receive a credit line of up to $2,000, in addition to 24/7 online account access.
2. Open Sky Secured Visa Credit Card – The Open Sky Secured Visa Credit Card is another great secured credit card because it allows potential cardholders to apply and potentially be approved in less than 5 minutes, with no credit check necessary. The Open Sky Secured Visa Credit Card also reports to the three major credit bureaus so that cardholders can improve their credit score with responsible use. The card also only requires a very low annual fee of $29 per year. This is lower than the majority of secured credit cards on the market.
3. First Progress Platinum Select MasterCard Secured Credit Card – The First Progress Platinum Select MasterCard Secured Credit Card rounds out the list of the best secured credit cards for rebuilding credit of this year. With the First Progress Platinum Select MasterCard Secured Credit Card, cardholders can be approved without any credit history or minimum credit score required. In addition, the card reports to the three major credit bureaus so cardholders can rebuild their credit by using their card responsibly. The card also offers 24/7 online account access to monitor your balance and other tools.
Having bad credit should not ruin someone’s chances of owning a credit card or eventually rebuilding their credit score. By applying for a secured credit card, people with poor credit can be approved without a credit check and end up rebuilding their credit by using their card responsibly. People looking for the best secured credit cards and other bad credit credit cards check out Creditnet’s tool here: http://www.creditnet.com/credit-cards/credit-cards-for-bad-credit.