SchoolsFirst FCU – Mastercard

To keep expenses low while boosting your credit score:
Always pay your credit card bill on time with no exceptions.
Pay your balance in full during the grace period whenever possible to avoid interest charges.

Most people are aware that secured credit cards provide an effective way to rebuild or establish credit, but they can also work well for those without credit issues because they offer:
Increased savings: Your security deposit may earn interest or dividends that grow steadily with no effort on your part. And you can make additional deposits to your account as desired to reach savings goals faster....

Unlike standard credit cards that allow you to borrow money up to your limit with no collateral, with secured cards you deposit an amount that’s equal to the credit limit you want. For example, for a credit limit of $1,500, you’d have to deposit $1,...

This article is reprinted courtesy of NerdWallet.
If you crave the convenience of credit cards but worry about getting in over your head, a secured credit card may provide an unexpected solution. While they’ve developed a reputation as an option only for those who need to build or repair credit, secured...