If a credit card company ask to for money before your account is attivated is it wise?
Answers:
Depends on what it's for?
If it's a fee just to get the card, or a finders fee to some website to steer you to some other bank, then no.
A secured card, where you deposit like $500 in their bank and get a $500 credit line against it, those are great for building credit.
yes
thats for those cards for the people that can't get a card
any other way because of low or no credit
and it forces them to establish a payment history
even before they can use the card by paying the bill on it.
up front.
which later on is released to them as credit with interest
http://www.moneyrushonline.com
They will typically only do that if you have a bad or no credit history.
Sometimes a credit card company will require that in order to establish a payment history. This is typical if you have no credit or bad credit.
Is this a "secured" card? Most major banks offer secured cards where you deposit a certain amount in a savings account and pledge the account to pay off the card if you default. These are a legitimate as any "normal" credit card. If you are not familiar with the issuer, go somewhere else.
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