Page 24 - Credit Builidng Toolkit By Adrean Yancy jr 3

Credit Building Toolkit

While it has a flexible system for a security deposit depending on your
creditworthiness, it will have access to $200 worth of credit if a consumer can meet

its minimum security deposit. You even get more credit lines when you make a
higher deposit. For more details and perks that come with how this credit card
could help build your credit, click here.

Rewards: None
Interest Rate: 26.99% variable APR

Annual fee: $0
Deposit Requirements: $49 - $200 for eligible consumers. And when you
deposit more than the minimum requirement before your account opening,
your limits increase to $1000. Also, if you don't default with a payment but
pay regularly and on time, you may be rewarded with your deposit back as a
statement credit.

Pros
· No annual fee charges. Cons
· Report to the three major bureaus. · Has no reward package.

· Consumers have upgrade potential. · It takes between 2 - 3 weeks to get
· No deduction for foreign transactions. your card.
· You have the flexibility to change the · High charges for APR. However, it
payment due date. has a $0 intro APR.
· Regardless of whether you have bad or · It requires a checking or savings
limited credit, you are qualified. account to qualify, which might be a
· Higher chance of qualifying for a bit difficult for consumers with no

higher credit line in less than six credit history or bank account.
months.

Notes: I hope you got valuable and helpful information going through the carefully
curated lists of credit building credit cards above. The following section is dedicated
to how you can access loans to build credit without going through the credit cards
route listed above. There are three bonuses herein; endeavor to go through each
carefully to decipher the information.

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