Credit Card Review & Application

Granite Secured MasterCard

4.0

out of 5

- Up to $5,000 secured line of credit*
*Your initial available credit will be reduced by the $60 annual fee
- Reports to all major credit bureaus
- Your security deposit will earn interest and work for you
- Quick and Easy Application
- Use it like any MasterCard credit card, accepted at millions of locations worldwide
- Zero Fraud Liability
*See card terms and conditions



Introductory APR: N/A*
Introductory Period: N/A
APR on Purchases: 19.99% *
Annual Fee: $60*
Card Issuer: First Bank of Delaware
Card Network: MasterCard®
Card Category: Consumer (Secured)
Card Type: - Card for Bad Credit
Credit Needed: Bad Credit OK*

The Granite Secured MasterCard has up to a $5,000 secured line of available and zero Fraud liability to boot. The credit line is reduced by a $60 Annual fee. In the example of a $500 line of credit, your initial available credit would be $440. Please see our Terms and Conditions for other fees and limitations Another reason to get a Granite Secured MasterCard is that the payments are reported monthly to the three major reporting agencies (Equifax, Experian and TransUnion). Your credit scores can be used to determine your eligibility for a mortgages, car loan or even employment.

The Security deposit you make to secure the Granite Secured MasterCard will earn an Annual Percentage Yield of 1.01% (APY is accurate as of December 2, 2010). The account must maintain a $300 minimum daily balance to be eligible for this percentage rate. Approval is based on your credit worthiness and you must be 18 years old or older (19 in Alabama and Nebraska) and have a verifiable social security number.

The Granite Secured MasterCard can be used, as any other Master Card would be. It is accepted at all the same locations around the world at any location that has the MasterCard logo. The card comes with the Zero Fraud Liability and is totally safe to use. The Granite Secured Master Card has a low APR on all purchases and cash advances. However, cash advances will also be assessed a cash advance fee.

The Granite Secured MasterCard is a way to get the plastic that allows you to do the things you otherwise could not do. In today's society you need a credit card to rent a hotel room, make airline reservations and to get a rental car even if you are going to pay cash they will still want a card number on file. The way you manage a credit card will impact the rest of your purchasing life. Sadly enough a lot of people let their credit get ruined before they get old enough to understand how important that credit rating really is.

College students that get department store credit cards and make lousy payment. Evictions, repossessions and delinquent utilities all get reported to the big three. Before it gets too bad is the time to apply for a Granite Secured MasterCard. Getting this card and making scheduled payments on time will help to manage your personal finances more efficiently. Visit an online store and apply today.


The review prepared by . Opinions expressed therein are solely those of the reviewer.

Other Benefits: * See Terms and Conditions of the Card
Credit Reporting: Yes
Online Account Access: Yes
Introductory APR: N/A*
Introductory Period: N/A*
APR on Purchases: 19.99% *
Annual Fee: $60*
Grace Period: 21 days*
Min Credit Line: $300
Max Credit Line: $5,000
Late Payment Fee: $25.00*
Balance Transfer: No
Transfer Fee (%): 3.00%
Minimum Fee: $5.00
APR Cash Advances: 19.99%
Cash Advance Fee: 3.00%
Minimum Fee: $10.00
Additional Fees Returned Payment Fee: $25.00

We do not offer online application for this card at the moment.


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† The information provided for Granite Secured MasterCard® is believed to be accurate at the time of evaluation (Aug 15, 2012). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.




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