Learn how to apply for the Self Credit Builder Secured Visa Credit Card

With Self Credit Builder Secured Visa, consciously and gradually you move from a no-credit situation to a balanced and responsible condition.

What should I do to have my Self Credit Builder Secured Visa Credit Card?

The whole concept behind the Self Credit Builder Secured Visa Credit Card is to serve as a tool that will take by the hand people with bad or no credit and help them build credit gradually and responsibly. And in this context, it can be a great ally, since it is not difficult to establish the first steps of this construction.

In the midst of this process, you will be encouraged and guided to act rationally and prudently. Responsible use of the card touches on three major credit factors that make up 75%* of your credit score: the amounts you owe, the average age of your accounts, and your payment history.

There is no additional cash advance requirement for using the Self Credit Builder Secured Visa Credit Card – your Credit Builder Account savings progress secures your Self credit card and sets your limit.

Accounts in good standing may have opportunities to increase the credit limit over time.

The Self Credit Builder Secured Visa Credit Card is a secured credit card with no hard credit check. It can be used everywhere Visa credit cards are accepted in the U.S.

CREDIT CARD

Self Credit Builder Secured Visa Credit Card

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Apply for your Self Credit Builder Secured Visa Credit Card now.

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* Você será redirecionado para o site externo

Who can apply?

The Self Credit Builder Secured Visa Credit Card could be an appealing way to build credit for those with bad or no credit. Although other options exist, like other secured cards without annual fees and some earn rewards, it is easier to qualify for the Self Credit Builder Secured Visa Credit Card than for these others.

So if you need to rebuild your credit after a job loss or a financial setback, give the Self Credit Builder Secured Visa Credit Card a try. It was designed to suit this kind of situation.

How to apply?

First of all, you need to apply for a Credit Builder Account. You can apply through Self’s website. Then, once your Credit Builder Account is open, you need to meet these three eligibility requirements:

  • Make 3 monthly payments on time.
  • Have $100 or more in savings progress.
  • Have your account in good standing.

After that, you choose what portion of your savings progress ($100 or more) is used to secure your card and set your limit.

Then, once you’ve set your limit, confirm that your card will be sent to the right location and place your order.

Receive your card in the mail and activate it to start using it wherever Visa credit cards are accepted in the U.S.

This is the whole process. From then on, be sure to monitor your spending activity and always try to pay on time and in full.

Is it worth having a Self Credit Builder Secured Visa Credit Card?

People that are looking to build credit for the first time or rebuild bad credit after a few money missteps are likely to find an ally in the concept behind the Self Credit Builder Secured Visa Credit Card.

Ultimately though, building credit is more of a marathon than a sprint – it just takes time.

Be patient and consistent, and thus gain control of your credit today.

Self Credit Builder Secured Visa Credit Card vs Fit Mastercard Card

Like Self Credit Builder Secured Visa Credit Card, Fit Mastercard also aims to rebuild your credit. However, FIT Mastercard Credit Cardholders are subject to various fees that can increase their balance and reduce their credit limit.

FIT Mastercard Credit Card’s 29.99% variable APR on purchases is higher than the APR on many competing credit cards, and it doesn’t offer a 0% introductory APR promotion.

The FIT Mastercard Credit Card doesn’t offer a sign-up bonus or rewards on purchases.

The following fees apply to the FIT Mastercard Card:

FeesAmount
Annual Fee$99 (Annual fees vary by year)
Foreign Transaction Fee3%
Returned Payment Feeup to $40
Late Payment Feeup to $40

In general, especially for those who are trying to rebuild credit, there are better options, such as the Self Credit Builder Secured Visa Credit Card, because it has lower fees.

O cartão FIT pode ser sua opção, no entanto, se você precisar de um limite maior em um tempo relativamente curto.

Self Credit Builder Secured Visa Credit Card pros:

  • You can choose your credit limit.
  • No hard credit check.
  • Caters to individuals with bad credit or no credit.

Fit Mastercard Card pros:

  • Potential credit limit increase in six months (the maximum limit is $2,000).
  • Low eligibility requirements: Consumers with bad or no credit may qualify for this card.
  • Enjoy peace of mind with Mastercard Zero Liability Protection.

How about getting to know the Fit Mastercard Card a little better? Tap on the green button below and check it out.

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