Can you get rejected for a secured credit card
Getting rejected for a secured credit card might be a surprise. After all, you’re paying a security deposit to protect the card issuer in case you don’t make your payments. You may be denied if you have a bankruptcy on your record, a history of missed payments, insufficient income or other red flags. But don’t give up.
How long does it take to get approved for a secured credit card
two to three weeks
Does applying for a secured credit card affect your credit score
You may be applying for an unsecured card but get offered a secured card, or you could be applying for a secured card in the first place. A hard inquiry is likely to decrease your credit score slightly for about a year. One application for a card should be fine.
What credit score is needed for a secured credit card
What credit score do you need to get approved for a credit card?
|FICO score||Recommended credit cards|
|700 to 749 (Good)||Capital One® Savor® Cash Rewards Credit Card|
|600 to 699 (Average)||Capital One® QuicksilverOne® Cash Rewards Credit Card|
|Under 600 (Rebuilding)||Discover it® Secured|
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What is the easiest secured credit card to get
Easy Credit Cards To Get Approved For:
First Progress Platinum Elite Mastercard® Secured Credit Card: No Bank Account. Fingerhut Credit Account: No Annual Fee. Capital One® Secured Mastercard®: Low Deposit. Credit One Bank® Platinum Visa® for Rebuilding Credit: Unsecured.
Why would I get declined for a secured credit card
The most common reasons people are denied for a secured credit card include having a bankruptcy or tax lien on their credit report, not having enough income to meet their monthly obligations, and having an extremely low credit score.