What Secured Credit Card Does Not Report as a Secured Credit Card?

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I am in the grass roots of repairing my very sad credit history. I don’t even know my score, but I do know that I have nothing positive reported, other than me paying off past debt and my student loan that is currently being delayed because I am in school.

I just want to setup a secured credit card that isn’t reported as a prepaid – from what I understand that still hurts your credit.

Thanks for any help!
To clarify – I am looking for a secured credit card… not a prepaid card.
Thank you D! Exactly the info I was looking for!

  1. Reply
    Jose V
    July 21, 2011 at 2:57 am

    I think that the Wells Fargo and Bank of America ones don’t report as secured, or at least not for very long

  2. Reply
    July 21, 2011 at 3:38 am

    Secured credit cards and prepaid cards are entirely different.

    Prepaid cards are like gift cards. You put cash on the card and use it till the money is gone. Then you can put more money on the card. Prepaid cards do not report to the credit bureau as they are not an extension of credit.

    Secured cards require you pay a deposit which is held as collateral against the line of credit. You use the card, get a monthly statement showing those charges, and must make at least the minimum payment due. Secured cards are reported to the credit bureau and there is no special annotation. They show up just like any regular credit card.

  3. Reply
    July 21, 2011 at 4:12 am

    All secured credit cards report as ” credit cards ” There isn’t a card that reports as just a ” secured card “.

  4. Reply
    July 21, 2011 at 5:12 am

    Here’s what you’re looking for. It’s a secured credit card that reports to all three credit bureaus as a regular credit card. You also choose the credit limit because it’s equal to your deposit up to $ 5,000. Fixed 9.9% APR!


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