|By Marketwired .||
|May 30, 2014 10:00 AM EDT||
SEATTLE, WA -- (Marketwired) -- 05/30/14 -- Today, MyRatePlan.com, a leading comparison site, announced the best secured credit cards available today. With a secured credit card, consumers can rebuild their credit fast. These cards work just like normal credit cards, but they require a security deposit to secure the credit line. Once the deposit is secured, users' payment histories will be reported to each of the 3 major credit bureaus each month to help rebuild credit. According to Alice Bryant, contributor to MyRatePlan, "Secured credit cards are perfect for consumers with poor credit or no credit history. Simply using them can help improve credit history fast."
MyRatePlan experts analyzed many factors in determining the best secured credit cards, including introductory offers, annual fees, customer reviews, and expert opinions. According to their findings, here are the best secured credit cards on the market today:
The First Progress Platinum Select MasterCard Secured Credit Card is a great secured credit card for consumers looking to rebuild credit. With this card, there is no credit history or minimum credit score required for approval. Applicants can fill out a quick and easy online application, and receive their card fast with expedited processing option. The First Progress Platinum Select MasterCard Secured Credit Card reports to all 3 major credit bureaus each month. There is an annual fee of $39 and an ongoing APR of 14.99%.
Like the First Progress Platinum Select MasterCard Secured Credit Card, the First Progress Platinum Elite MasterCard Secured Credit Card helps users rebuild credit by reporting to all 3 major credit bureaus each month. There is also no credit history or minimum credit score required for approval, and cardholders can secure their credit card with a refundable deposit from $300 - $2000. This card has a low annual fee of $29 and an ongoing APR of 19.99%.
The First Progress Platinum Prestige Secured MasterCard rounds off MyRatePlan's list of the best secured credit cards. Like the other cards, this card helps consumers rebuild credit by reporting to the 3 major credit bureaus each month. There is no credit history or minimum credit score required for approval, and applicants can get approved fast. The First Progress Platinum Prestige Secured MasterCard has an annual fee of $44 and an ongoing APR of 11.99%.
Secured credit cards are very helpful in building credit and learning financial responsibility. And these are the best secured credit cards on the market today. For more information regarding secured or other types of credit cards, access MyRatePlan here: http://www.myrateplan.com/creditcards
MyRatePlan.com is a leading comparison site that allows users to compare credit cards, mobile phones, cell phone plans, and more. MyRatePlan was founded in 1999 to help users find the best recommendations for them based on innovative and proprietary tools and customer input.
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