Digital News Report – Credit cards are a necessity of adult life but have become more difficult to get.
The ammount of outstanding credit card debt declined 8.4% from September to October. The amount of revolving credit has declined all three quarters this year and continues to decline this last quarter.
There are several choices when it comes to a credit card. Secured credit cards and other credit cards designed for people with bad credit can help improve a credit score. The Capital One® Secured MasterCard® is a real credit card, not a debit card or a prepaid card.
The Capital One Bank says they automatically report the payments to the three major credit reporting bureau. On-time payments can improve a credit score.
The bank allows users to track their credit card balance and credit history online.
There are no processing fees or application fees.
The Capital One card is a secured card. Customers can get a line of credit up to $3,000. The interest rate is 22.9% and the ongoing annual fee is $29 per year.
By Tina Brown