When it comes to secure credit cards Damon Webb Buckeyes Jersey , the Capital One Secured Credit Card is by far one of the most attractive choices for first-time credit applicants and people who have a tainted credit history. This is because the Capital One Secured Credit Card extends some very reasonable terms and conditions to its users as well as a number of other benefits that you typically won’t find with other credit card providers.
Reasonable Interest Rates
Because secured credit cards carry virtually no risk to the provider due to the existence of a cash deposit in a customer’s account, one would expect lower interest rates. Yet, many providers of secured credit cards give no consideration to that fact at all and ruthlessly charge their customers outrageously high interest rates. With the Capital One Secure Credit Card J.K. Dobbins Buckeyes Jersey , that problem doesn’t exist as the interest rates are extremely reasonable.
Application fees
There are many providers of secured credit cards who will charge applicants an application fee. A legitimate provider will only charge this application fee if the customer is approved and will usually charge the fee to the secured credit card that is being issued. The Capital One Secured Credit Card, on the other hand, does not charge an application fee. Why would you pay another provider that extra application fee if there is no reason to?
Credit Limit
Providers of secured credit cards make more money when their customers actively use the cards to make purchases. Therefore Malik Hooker Buckeyes Jersey , some shady secured credit card providers will allow their customers huge credit limits of more than a thousand dollars. The Capital One Secured Credit Card, however, comes with a maximum credit limit of $750 to help keep a customer from spending more than he can afford to. Capital One realizes that over-spending is often the reason why many of its customers got into financial trouble in the first place and wants to help them rebuild their credit by curbing the tendency.
Savings Deposit
The Capital One Secured Credit Card does not require that you deposit a huge sum of money into your savings account as a guarantee. It understands that first-time applicants and people with credit problems may not have a lot of money to spare. Refundable security fees on some Capital One Secured Credit Cards are as low as $75.
Reporting to Credit Bureaus
In line with its mission to help customers rebuild their credit rating Mike Weber Jr. Buckeyes Jersey , the administrators of the Capital One Secured Credit card will report a customer’s payment information to the credit bureaus. The purpose of this is twofold; it encourages people to pay their credit card bills on time and it also provides legitimate proof that a person with past financial problems is pro-actively trying to rebuild his credit rating.
For those of you seriously want to rebuild your credit rating by becoming more disciplined and responsible, the Capital One Secured Credit Card is definitely the best choice. Not only does the Capital One Secured Credit Card extend conditions that are extremely well-suited for credit re-building, but it makes it a point not to capitalize on people who are already at a disadvantage.
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Spending Wisely For E-Cigarette Kits Technology Articles | October 27, 2011 There are numerous models of e-cigarettes available on the market and the fact that each of them is associated with a unique flavor and contributes in its own way to the overall smoking feeling you will obtain.
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