Q: When getting a secured credit card that reports monthly to the three reporting agencies do they pull your credit report on a secured credit card? If so, which secured credit card doesn’t pull your credit report and reports every month to the three reporting agencies?

Please contact your secured credit card issuer directly since we are not and ask them about your application. It is necessary to keep a copy of your application handy.

Secured credit cards require initial deposit, also called security deposit, to minimize the risk of default. So, if you default on your credit card payments, the credit card company keeps the deposit.

Most secured cards report to the credit bureaus, but when applying for such a card make sure it reports as a credit card, and not a secured one. On our website you can find a great selection of secured credit cards to apply for online.