Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
premedcollegegal

7 Contributions
4 People Helped
Bank of America: unsecured student vs. 99/500 secured. Which do I pick?
Basically I can only have one card and they're guaranteed approvals. Which one will help more in the long-term? Do you know which one will give me a better credit limit increase?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
227 Contributions
88 People Helped

unsecured is better

credit limits for secured cards are based on how much money you give them, so to raise your limit you'll have to send them more money! secured cards typically carry annual fees, and or other fees other competitive unsecured cards do not. banks that offer secured cards know you have no where else to go. if you qualify for an unsecured card, go that route. make sure they have no annual fees, and charge something small every month, and pay it off. unsecured cards will typically offer you limit increases over time, if credit improves, if income increases etc. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.