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[S244]Secured Credit Card Offer

by Neil Farman, Nei

When looking for a credit card after bankruptcy, you may receive piles of credit card offers from different companies, and choosing the right card can be a daunting task. The most important question that comes to mind is whether to go for a secured credit card or an unsecured credit card.

Financially, secured credit cards offer after bankruptcy provides you with a better deal than unsecured cards. This is because unsecured credit card offers after bankruptcy are often designed to place you right back into debt again, by using misleading techniques such as attractive low interest rates, high up-front fees etc. For example, a bank may offer you an unsecured credit line of $150, while you pay a $98 processing fee and a $39 annual fee. Many companies may also issue unsecured credit card offers with a credit line of several thousand dollars, but after you send in your application fee, the credit limit will come down to only a few hundred dollars.

On the other hand, a secured credit card requires a cash collateral deposit to become the credit line for the deposit account owned by the cardholder, your credit limit being either the amount of your deposit or some percentage above that amount. Secured credit card offers after bankruptcy are especially intended for people with a poor credit history or no credit history, and those who have failed to get an unsecured credit card in the past. They may charge higher fees, but in certain circumstances, they can be less expensive in total cost and security deposit.

Many secured credit offers after bankruptcy also feature incentives, and rewards for good payment which adds up to your current credit line without requiring any additional deposits.

Secured Credit Card Offer after Bankruptcy: what you need to know

1. Check the fees involved with the credit card offer after a bankruptcy, because regular payments such as annual fees or processing fees may have to be made. Also remember, annual fees differ significantly between various banks.

2. Go for a secured credit card offer that doesn't charge an application fee.

3. You do not have to pay a high interest for a secured credit card you get after bankruptcy because the card is secured by a deposit.

4. The company that offer secured credit card after your bankruptcy should be able to report your payment history to the three credit bureaus, in order to reestablish your credit history.

5. The company should not report that you are holding a secured card to the bureaus, which can adversely affect your credit score.

6. Watch out for companies credit card offers after bankruptcy that use deceptive practices

Since its national unveiling during the 1986 Super Bowl, Discover has focused on rewarding its customers. Discover's first campaigns featured no annual fee and cash back programs ? two benefits that very few credit card issuers offered at the time. Today, Discover continues to lead the field with top reward programs for its cardholders. One of these is the Discover Get More program. By signing up for a Discover More card today, you can earn a $40 cash back bonus.

How it Works

The Discover More card is a cash back rebate card. When you sign up, you get a chance to accumulate rewards as you use the card. After spending $500 in purchases, you will be eligible for $40 cash back.

While this will get you off to a great start, the Discover More card offers plenty of other ways to receive cash back. The Get More program gives you 5% cash back when you shop in certain categories. The categories, which include items such as gas, travel, home, restaurants, and movies, change four times a year. When you make purchases at these participating locations, 5% comes back to you.

When you shop through Discover's online site, you can receive between 5% and 20% cash back. After accumulating $20 in rewards, you will receive a cash rebate for that amount. You can also choose to redeem your rewards for gift cards. When you do so from one of Discover's 80 Cashback Bonus Partners, you can double the amount of rewards you receive.

Even when you make purchases in other areas, you will still be rewarded. You can earn up to 1% on all other purchases. For the first $1,500 you spend on general purchases, you can expect to receive 0.25% cash back. For the next $1,500, the reward will be 0.50%. After that you will get the full 1% in cash back rewards. There is no limit on the amount of cash rewards you can receive.

Extra Benefits

You'll find many additional attractive features with the Discover More Card. The card comes with no annual fee. You'll also receive a 0% introductory rate on purchases and balance transfers for twelve months. For those with good credit, the regular interest rate that sets in after the initial period is relatively low. And when you decide to sign up for a Discover More card, you can choose among various card designs. This extra feature lets you add personality to your card.

Apply Today

If you have good credit and want a cash reward credit card, the Discover More card may be the best choice for you. Applying online only takes a few minutes. Within days, you'll be able to use the new credit card.

When you sign up, you may choose to transfer a balance on to the Discover More card. While there is an initial transfer fee, there will be no interest charged to the balance for twelve months. This gives you time to pay off the amount and save on interest.

Look online today and fill out an application for a Discover More card. Starting with $40 cash back, you will see the bonuses add up quickly as you shop. With no annual fee and money back for each purchase, you'll find it pays to use the Discover More card.

Article Source : How To Make Source Cards And Note Cards

About Author

Both Neil Farman & Ed Vegliante are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Neil Farman has sinced written about articles on various topics from Credit Cards, Finances. with good and bad credit ratings. Get a credit card offer even with bankruptcy next to your name.. Neil Farman's top article generates over 2400 views. to your Favourites.

Ed Vegliante has sinced written about articles on various topics from Credit Cards, Debt Consolidation and Credit Cards. Click here to find the Offer. Ed Vegliante runs , a directory hel. Ed Vegliante's top article generates over 110000 views. to your Favourites.