Posts Tagged Secured Credit Cards

When repairing your credit which type of credit card is better?

SoCalGal75 pyta:
When repairing your credit which type of credit card is better?

A secured credit card or a unsecured credit card? From my experience, I got an unsecured card which started out with a $250 credit limit and also had a fee for obtaining the card. Within a year the credit limit went up to $900 then I cancelled it when better offers came in % wise. That was a good start for me. But my bro-in-law is asking about secured credit cards? Which is better and will they both help rebuild your credit in the same way?

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How much does a secured card raise your credit score per month?

yahoo ID 89523 pyta:
How much does a secured card raise your credit score per month?

On average how much does one secured credit card raise your credit score per month?
Does the amount of points double if I have 2 secured credit cards?
( assuming card has a $200 limit and is only charged $10 and paid off in full monthly)
I’ve read everything from 5 points to 30 per month!

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