family

creditsolveuk

 

 

 

visa card alternative to prepaid card

 

Worth applying for even if you have bad credit.

You can rebuild your credit history with this card.

 

Representative Example

 

34.9% APR representative variable
34.94% p.a. variable on purchase
£1,200 credit limit


Capital One
Trent House
Station Street
Nottingham
NG2 3HX

 

us prepaid & secured mastercard

US Prepaid & Secured MasterCard & Visa Credit Cards

 

Although our site is primarily aimed at the UK market we do get some visitors from the US. As

a result we have decided to create a page for those US visitors who have some form of adverse

credit and who require either a prepaid debit card, secured credit card (or even an unsecured

credit card).

 

Prepaid debit cards allow you to add funds when you require them (if they are reloadable) and

secured cards require you to submit a security deposit to the lender before they will issue you

with a card to protect themselves against any repayment default. Credit limits for secured credit

cards are usually set at a percentage of the deposit, sometimes up to 100%.

 

Unsecured credit cards require no security deposit and to some extent the lender is taking a risk particularly with someone who has a history of bad credit. This is why starting credit limits are

low, interest rates are high and, with the US cards in particular, fees are also generally high.

 

Some prepaid cards are not reloadable and these are generally referred to as gift cards. You

can even buy some of these prepaid gift cards in retail outlets.

 

All of these card types are available to those with adverse credit as they present a lower risk

to the lender unlike the standard low interest rate unsecured credit card.

 

The only problem with these cards is that they can be prohibitively expensive to obtain and use.

 

If you live in the US there is a large selection of either prepaid or secured cards to choose from,

more so than in the UK where, although there are now plenty of prepaid credit cards, there are no secured credit cards. The only place a UK citizen can really get a secured credit card is through an offshore bank account. A few prepaid debit cards of various types including MasterCard, Maestro

and virtual are also available to those outside the US or the UK.

 

To obtain one of these US secured, prepaid (or unsecured) cards you will need a verifiable

US address and a US social security number.

 

As a result of the Patriot Act 2001, US credit cards of any shape or form (unsecured, secured or prepaid) are not available to those with an International billing address and/or those without a

US SS (social security) number.

 

Listed below are a few of the prepaid (stored value) debit, secured credit and unsecured credit

cards that are available to those in the US irrespective of whether or not you have any bad credit.

 

Fees for these cards are generally high but a price some people are prepared to pay to get them

back into the credit world where they are able to rebuild their credit history.

 

We present this unsecured, secured and prepaid credit and debit card list (in no particular order)

for your information only. We make no claims about any of the unsecured, prepaid or secured

credit and debit card accounts presented. It is up to you to make all necessary enquiries about

these accounts.

 

The US Specific (US Residents ONLY) Prepaid, Secured & Unsecured MasterCard

& Visa Credit And Debit Card List:

(US prepaid, secured and unsecured credit card information last checked & updated

27th September 2012)

 

 

 

Capital One

Secured MasterCard

 

This card has an APR of 22.9%, an annual fee of US$29

and a minimum credit limit of US$200 with a security deposit

of either US$49, 99 or 200 required depending on your credit.

 

capital one secured mastercard

 

Applied Bank

Secured Gold Visa Credit Card

 

This card has an annual account fee of US$50 but no setup fees. It also reports your credit repayment history. The APR is only 9.99% and you can choose your credit limit from US$200 to US$5000 which must be matched by your security deposit.

applied bank secured gold visa

 

More US prepaid, secured and unsecured credit cards to come.

 

 If you live in the UK then see our main prepaid card

page for details of UK prepaid credit cards.

 

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