5 Comments

1. snowrider98023 says:

   March 22, 2009 at 5:10 pm

   If you have 755 why do you want a secured card? Secured cards are for people who have bad credit. That is why your score would drop. The same for using a high interest finance company, you use them if you have bad credit so just the fact that you have one of those types of accounts will put a ding on your report.
2. stan c says:

   March 25, 2009 at 6:41 am

   Not really. It might lower it a bit but once you start using the card it should bring it right back up again
3. taximomuv3 says:

   March 26, 2009 at 12:53 pm

   You shouldn’t need a secured card if you already have a high score. You’re better off using a debit card, since that’s pretty much all a secured card is anyways - minus the fees.
4. bak889988 says:

   March 26, 2009 at 4:29 pm

   Yes do not get a secured card with your credit score. You could get a prepaid debit card and that way it would not even be reported on your credit report. I am assuming that is all you really want, because a secured credit card makes no sense with your high score. I think walmart and western union both have card with low or no fees. You should check those out.
5. latebreakfast says:

   March 27, 2009 at 12:51 pm

   I don’t know your reasons for wanting a secured card, but I advise against it with a score of 755.
   Get a rewards card of some kind.
   Secured cards come with tons of fees.
   Never the less, if you get any card, secured or otherwise, it will ding your score only a few points for the hard inquiry.