Find the Best Secured Visa Card Offer Today

Less than a decade ago, most merchants and service providers abided by the saying "cash is king". Consumers could do anything they wanted, as long as they had the cash to cover their expenses. But the landscape has been changing over the years, and now credit cards are required to secure this and guarantee that even if you intend to pay the bill with greenbacks. Want to rent a car or book accommodation at any level above the fleabag motel variety? Then you better have some plastic in your pocket.

This is not a problem to those lucky enough to have a stellar credit rating, but what if you've had some financial setbacks that prevent you from getting traditional credit cards? Are you doomed to a life of hassle and inconvenience, not being able to buy what you want just because someone else decides to dictate the method of payment? Not at all, especially if you're able to get a secured Visa card.

A secured Visa card is the perfect solution for people who can't qualify for standard cards for one reason or other. Instead of getting a line of credit from a bank, the secured Visa card is backed by your own funds that are deposited with the issuer. The usual minimum deposit for one of these cards is around $300, while the maximum can be anywhere from $500 to $1,000 depending on the specific terms and conditions of your agreement. This security deposit must be maintained at all times, at the risk of additional penalties or fees, up to and including possible revocation of cardholder privileges.

Because offering a secured Visa card is one way to attract customers who could potentially worth lots of money in future interest charges, there are plenty of issuers to choose from. Some are definitely better than others, however, so it really pays off to do some research and comparison shopping before submitting any applications. For instance, some banks charge an application fee, but others don't. In addition, there's surprisingly wide variation in the annual membership fees assessed for a secured Visa card, as well as different interest rates. Finding the best combination of all these factors could take some work.

The best part about getting a secured Visa card is that you'll have an opportunity to rebuild your credit. Provided that you make all your payments on time and don't have any other problems, your credit rating should improve to the point where you might qualify for unsecured cards in a couple years. This should absolutely be your goal.

If you're tired of being hamstrung by retailers and other service companies that require credit cards, then maybe a secured Visa card is the right alternative for you. Apply for one today, and start enjoying the financial freedoms that everyone else has!