Are there companies in the UK that offer Secured Credit Cards? e.g. Pay a £200 security deposit and get a £200/month credit limit card.
Secured Credit Cards
Feb 12, 2006
8 Replies
Yes. Try a google search and you will turn up dozens of such companies.
-john-
No you won't.
There are no such cards available in the UK.
Until recently there were no cards at all that were available to people who failed a credit check. Now there is one (or more) that work on a pre-pay basis:
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They are quite expensive to use.
tim
Try Capital One. They offer such a card in the UK. Yes, the interest rate is going to be high, but what do you expect with sup-par credit?
-john-
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Can that be used for online purchases too?
I applied a few months ago but was rejected, they didn't offer the option of using a deposit and I can't find anything on their site (except their Canadian site). I'll give them a call to check.
Yes, for companies that accept Amex. They aren't as widely accepted as Visa and Mastercard, but most people accept them.
Most of them are scams though.
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