Secured Credit Cards

[BankruptinNJ]

I'm thinking of eventually getting a secured card, because that is the only one I for which I would qualify . Which ones are the best? I've heard that Public Savings Bank is good, even though the interest starts the day you make a purchase, but all the secured cards seem to be like that.

I don't want to get a card with anyone I bk'ed. Paranoid, I know. I bk'ed Chase, Orchard, and Cap One.

Any suggestions?

[iswmle]

I am thrilled with Addison Ave, soon to be First Tech. The application was a b itch, but I love my card. No AF, reasonable interest, but since I have had the card I PIF. I would also urge the USAA secured card, but you have to apply for a regular card to get the counter offer. There is a $35 AF and the interest is 9.9%. Whatever credit limit you set it at stays that way. The money goes in a 2 year CD, too, which is better than a savings. I service USAA credit cards, I have taken apps from people with BKs' who have had the secure card counter off.

[BankruptinNJ]

I am thrilled with Addison Ave, soon to be First Tech. The application was a b itch, but I love my card. No AF, reasonable interest, but since I have had the card I PIF. I would also urge the USAA secured card, but you have to apply for a regular card to get the counter offer. There is a $35 AF and the interest is 9.9%. Whatever credit limit you set it at stays that way. The money goes in a 2 year CD, too, which is better than a savings. I service USAA credit cards, I have taken apps from people with BKs' who have had the secure card counter off.

I don't qualify for USAA because I am not a member of the military, and no one in my family is either.

Addison Avenue is a credit union, right? I looked up their application, but I don't fit in the categories under employment. I'm on disability and don't have a job, which makes it difficult to get a credit card even with good credit, even though I have a (very low) monthly income.

[iswmle]

You do not have to be military to qualify for USAA you would just not be Property and Casualty eligible. I also do not fit AA's employment criteria... I forget how I got in with them... I believe I just deposited $5 into a savings account originally. AA would probably be very easy to get because they don't pull credit reports for their secured card.

[BankruptinNJ]

What about the Wells Fargo secured card? It says you cannot have declared bankruptcy within the past 12 months. Is it a good card? I know Wells Fargo doesn't have a good rep on this forum.