secured CC
Date: Thu, 04/23/2009 - 11:53
Does the deposit amount (credit line) matter in when opening a secured creit card? I guess I mean, will a larger deposit be more beneficial to me while trying to build my credit?
Hello minkly - I'm not terribly experienced with secured cre
Hello minkly -
I'm not terribly experienced with secured credit cards, but I do know a thing or two about rebuilding credit. I would think that the amount of the deposit wouldn't matter as much as how you handle the card account. But I'm sure someone with a little more experience will let you know soon.
My thought on it is that future credit-grantors want to see a good credit history over a period of time, regardless of the amount you put on the card.
