Secured credit cards and how to discover more
Will there be fees? All secured credit cards charge annual fees, so shop around for a card with a low annual fee. You should pay no other fees than the annual fee. Turn down any credit card you are offered with a weekly or monthly fee, an application fee, or a mandatory "insurance fee. " These extra fees are a sign that the lender is predatory, and will have other tricks in store to part you from your money. The credit card company may be breaking the law, to boot: Levying monthly or weekly fees is slimy, but charging application fees is illegal.