Comments on: No Credit History? Prepare for an Uphill Climb to Auto, Home Financing http://www.moneyunder30.com/no-credit-history-auto-home-financing Personal Finance for the Young and Ambitious Fri, 19 Mar 2010 21:32:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: David Weliver http://www.moneyunder30.com/no-credit-history-auto-home-financing/comment-page-1#comment-2972 David Weliver Wed, 23 Sep 2009 20:28:27 +0000 http://www.moneyunder30.com/?p=2714#comment-2972 L, I haven't yet seen a secured credit card that doesn't have an annual fee (because that's how they make money on secured cards), but you can avoid the real stinky ones by sticking with your local bank (call them up and ask them) or one of the big banks. Here are a few I found: 1. <a href="https://www.citicards.com/cards/wv/cardDetail.do?screenID=940" rel="nofollow">Citi Secured MasterCard</a>. There's a $29 annual fee and 13.24% variable APR. Minimum $200 security deposit in a CD. An early-withdrawal fee applies if the account is closed before 18 months pass. 2. <a href="https://www.wellsfargo.com/credit_cards/secured/" rel="nofollow">Wells Fargo Secured Visa Card</a>. $18 annual fee, variable APR is at 18.99 percent. Minimum $300 deposit. Customers may be eligible to upgrade to an unsecured account after 12 months. 3. <a href="http://www.usbank.com/cgi_w/cfm/creditcards/secured/usb_secured_card.cfm" rel="nofollow">U.S. Bank Secured Visa Credit Card</a>. Minimum $300 deposit and $35 annual fee. After 12 months users may be able to upgrade to an unsecured card. L, I haven’t yet seen a secured credit card that doesn’t have an annual fee (because that’s how they make money on secured cards), but you can avoid the real stinky ones by sticking with your local bank (call them up and ask them) or one of the big banks. Here are a few I found:

1. Citi Secured MasterCard. There’s a $29 annual fee and 13.24% variable APR. Minimum $200 security deposit in a CD. An early-withdrawal fee applies if the account is closed before 18 months pass.

2. Wells Fargo Secured Visa Card. $18 annual fee, variable APR is at 18.99 percent. Minimum $300 deposit. Customers may be eligible to upgrade to an unsecured account after 12 months.

3. U.S. Bank Secured Visa Credit Card. Minimum $300 deposit and $35 annual fee. After 12 months users may be able to upgrade to an unsecured card.

]]> By: L http://www.moneyunder30.com/no-credit-history-auto-home-financing/comment-page-1#comment-2963 L Wed, 23 Sep 2009 02:32:06 +0000 http://www.moneyunder30.com/?p=2714#comment-2963 My fiancee has no credit (never had a credit card ever) and we've been trying to get him some sort of credit history with little luck. We were considering doing a secured credit card, but aren't sure which ones are good...or even how to find out. Any suggestions would be appreciated. My fiancee has no credit (never had a credit card ever) and we’ve been trying to get him some sort of credit history with little luck. We were considering doing a secured credit card, but aren’t sure which ones are good…or even how to find out. Any suggestions would be appreciated.

]]> By: Jack @ Master Your Card http://www.moneyunder30.com/no-credit-history-auto-home-financing/comment-page-1#comment-2943 Jack @ Master Your Card Mon, 21 Sep 2009 14:46:00 +0000 http://www.moneyunder30.com/?p=2714#comment-2943 Thanks for this guide - very helpful for a very real problem. I especially appreciate the tips about secured credit cards - there are unsecured credit cards marketed towards those with bad/no credit history but they are often rip offs. Thanks for this guide – very helpful for a very real problem. I especially appreciate the tips about secured credit cards – there are unsecured credit cards marketed towards those with bad/no credit history but they are often rip offs.

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