Bank Secured Credit CardCredit card with bank guarantee
The cardholder should always remind himself that his own credit balance is checked from case to case and that if he has found everything right, i.e. if the cardholder pays back the credit balance of the purchase on schedule, the bank can raise the credit line. There is a $300 credit line available and a $5000 credit line available.
Visit www.five-starbank.com for more information on credit facilities or call our support team at our Call Center 877-226-5578 for further support. When can I use the five-star bank card? You can use the five-star card at anywhere in the world in million of places where Visa card adoption is indicated. If my five-star bank credit card is missing or has been stolen, how do I notify them?
Once you find your credit card has been misplaced or misplaced, he or she should immediately call support at 877-226-5578 to take immediate action. How much is needed to use Five Star Bank Plastic? Applicants should be 18 years of age and resident in the U.S. and have a National Insurance number, a current home office and for further information, see the card's detailed impressions or the Service Center at 877-226-5578.
Credit card secured by Green Dot helps credit-sick consumers - FinTech Funutures
In order to help consumer credit histories or enhance their credit standing, Green Dot Corp. introduced the Green Dot Platinum Visa Secured Credit Card on September 29. As this is a secured credit card, the credit line is secured by the cardholder's bond with Green Dot Bank. Since Green Dot passes on customers' payments to the three large credit bureaux, clients can enhance their payments through the use of cards in a socially accountable manner.
It also allows customers to pre-qualify without compromising their creditworthiness and provides free on-line bank accounts. A brief request is filled in by users to see if they are eligible for the card. Once Green Dot is authorized, it informs the user of his credit line of up to $1,000 and sends the card to his home.
Card holders can make their deposits in the form of money at any of the 1,000,000 Green Dot's sites, with Walmart, 7-Eleven, Walgreens, CVS and Dollar General Store included. There is a $200 margin requirement and the cardholder's credit line is the same as the amount of the initial investment. Clients can make their montly payment at a retailer site or with Green Dot's free on-line invoice payment.
This card has an annuity of $39 and 19.99 per cent a year. This new Green Dot card is not the first attempt by a pre-paid card company to close the gulf between the use of GPR pre-paid cards and the establishment or improvement of creditworthiness for customers. In 2014, for example, the U.S. Treasury and Banking Up, a New York City-based GPR card company formerly known as Plastyc, began work on an on-going research and development program to see if the provision of a pre-paid card and a secured credit card to customers could enhance credit availability.
Suze Orman, the TV attorney for individual finance responsibilities, also assisted in the creation of The Approved Card, a Mastercard-labeled GPR pre-paid card that no longer exists. Mr Orman had worked with credit bureaux to see whether the cardholder's behaviour on the authorised card could help the consumer to obtain credit.