New York, NY (PRWEB) March 10, 2014
Today, CreditCardChaser.com, a leading website on credit cards, announced the best secured credit cards of 2014. Secured credit cards are designed for consumers with no, low, or a limited credit history. Like a regular credit card, secured credit cards are used to buy things and build credit. However, with a secured credit card, users must secure their credit line with a security deposit. This insures that users will be able to pay their bills. These cards are great for teaching responsible credit usage.
In creating their ranking of the best secured credit cards, Credit Card Chaser experts took many factors into account, including approval times, introductory offers, interest rates, credit limits, customer reviews, and expert opinions. According to their findings, here are the best secured credit cards available to consumers today:
With the First Progress Platinum Select MasterCard Secured Credit Card, there is no credit history or minimum credit score required for approval. Cardholders have a credit line secured through a fully-refundable deposit of $300- $2000, and payments are reported monthly to each of the 3 major credit bureaus to establish credit history. This card has an annual fee of $39 and a variable purchase APR of 14.99%. Cardholders can use this card virtually anywhere, and they even have 24/7 online access to their account.
Like the First Progress Platinum Select MasterCard Secured Credit Card, the First Progress Platinum Elite MasterCard Secured Credit Card also helps consumers establish credit history fast with monthly reporting to all 3 major credit bureaus. There is no credit history or minimum credit score required for approval, and users can receive their cards quickly with expedited processing. This card also has members secure their credit line with a deposit of $300-$2000 submitted with application. This card’s low annual fee of $29 and variable purchase APR of 19.99% make it a great choice for secured credit cards.
The First Progress Platinum Prestige MasterCard Secured Credit Card rounds off Credit Card Chaser’s list of the best secured credit cards with free monthly reporting to the 3 major credit bureaus and no credit history or minimum score required for approval. This card also requires users to secure their deposit with $300- $2000. In addition, cardholders can use this card anywhere credit cards are accepted. This card has an annual fee of $44 and a variable purchase APR of 11.99%.
These are the best secured credit cards available on the market today. For consumers with no or bad credit, these cards will help rebuild credit fast. For more information regarding secured credit cards, access Credit Card Chaser: http://www.creditcardchaser.com/secured-credit-cards/.
About Credit Card Chaser:
Credit Card Chaser is an authority credit card site that offers innovative comparison tools, reviews, calculators, and reports to help consumers find the best credit card for them.