Do you think that by being in Bureau of Credit you can not request a card? Let us tell you that you are very wrong. That is why in this space we will teach you how to obtain it.
Better known as Credit cards insured, these plastics are the solution for those who have a bad credit history.
This product consists in that the interested party must make a deposit in order to be used. This will work as a guarantee of payment and at the same time as your credit limit.
Yeah we know what you’re thinking, this is kind of Debit. But the reality is that with it you will have the benefits and at the same time you will have to comply with the obligations of having a credit card.
What does it mean? That just as you can use it to get products for months, you will also pay surcharges in case of not paying on time.
Best of all, you can increase or decrease your credit limit at any time by simply making a larger deposit or by requesting a refund of your money. This means that you will not have to wait for authorization from your bank or any other financial institution to know the amount you can have for your purchases.
Well, the reality is that it is not the only benefit that you will find from a secured card. Besides that it will help you to have your own spending limit and to improve your score in the Credit bureauHaving one can also help someone who wants to start building a credit history.
So don’t think twice and check with your favorite financial institution if they have this option available.
By the way, if you want to know more advice on financing or how to improve your credit history, do not hesitate to consult all the news that we have in Oink-Oink.