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Question By
welove

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How much do you need on a Secured Credit Card to reserve hotels etc
In order to reserve hotel rooms, a car etc how much should the secured credit card have on it? Do I really want to put$1,000 on a secured card? for a biz trip of 7 days, car and hotel will be about $800.

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Top Contributor
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Thats an 80% utilization use ratio which is near max out credit card. The usual recommended ratio is 30% or less you do the math. I wouldnt do it and risk having my score lower for a high utilization ratio like that hope this is useful.

Reply by
welove

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well i can pay it, don't need to charge the amount, just reserve the car hotel.  the plane is the only thing that will actually get charged to the card. 

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