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The reason for Secured Credit Cards Part 4

Posted by Percy A Lowe on March 24, 2013 at 7:00 AM

One charge you will not be familiar with Secured credit cards is an application fee. These tend to not apply to a regular card or any other form of financial solution, an application is as you'd expect from the name; a fee for applying for the service. This charge will usually be of very little value however it does mean you are paying more than most people believe you should, just to apply for a service.

Now, remember the card may take at least 7 to 10 days to reach you. But, your money is going ot be drafted right away. You might have the option to rush the card to you for a fee. Make sure you check the rush fee. If your money is drafted it is wise to rush your card as well. So, have at least and extra $50.00 on the side to rush your card.  

 

Categories: Credit Education and Restoration

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