Self Credit Builder Secured Visa Credit Card: A Good Option to Recover or Start a Credit History
O Self Credit Builder Secured is a credit card with no additional upfront money and a flexible, expandable credit limit, with the Visa flag for use anywhere in the world.
The credit card is specifically aimed at those without a credit history, making it an option to start a trajectory.
Searching for More?
Self Inc. is a company founded in 2015 focused on assisting the public in building credit.
Therefore, the Self Credit Builder card has precisely that objective.
In this sense, the card seeks to help people who have consistently been rejected in other card processes and have not been able to find any options in the market.
This is because Self Credit Builder Secure doesn’t require a credit history for approval. To access the card, you first need to open a Credit Builder account.
To open the account, you need to set a monthly commitment, usually between $25 and $150.
Over the course of 24 months, you will make monthly payments and receive the money collected with interest in a savings account.
Additionally, there is a financial charge starting at $89, depending on the agreed-upon savings values.
The decision about the credit card will come from how you handle the account. By showing $100 or more in savings progress and making three monthly payments on time, you may become eligible to use the card.
Furthermore, during the use of the Self Credit Builder card, you’ll need to add income and expenses and keep the account fully regular.
Upon receiving the Visa, as it’s a secured card, you need to make a security deposit of $100.
This will be precisely the initial limit of the card, with the possibility of increasing over time. For everyday use, the Self Credit Builder Secured is quite efficient for daily purchases, beyond building credit history.
Want to learn another option?
The US market has other options for credit cards for people without a credit history, such as the FIT Mastercard.
The card offers a good path to building credit, especially for those with no history, and you can see how to apply.