Credit Tip Tuesday #47 Reasons to Get a Plastk Secured Credit Card

When it comes to getting a new credit card, it's often a scary task especially when you don't know if you will be approved or not. Before applying for a card, keep in mind some factors that come into place when searching for your next credit card.

Guaranteed Approval

The main problem people often face when applying for credit cards is the uncertainty of whether or not you'll be approved for these cards. With Plastk Secured Credit card, this is a problem you don't have to worry about. Our cards are secured credit cards, meaning you are putting down a security deposit as collateral on these cards.  So for example, if you put down a $300 deposit, your credit limit will also be $300.

This is a great way to kick start your credit building journey as if you were unable to qualify for an unsecured card, this is one of the best options you have in terms of building that credit and securing yourself a better future. 

Rewards System

The best part about Plastk Secured Credit card is it doesn't work like your typical debit card or free credit cards out on the market. We have an integrated rewards system that gives you points every time you make purchases on the card. We even give you a sign up bonus for when you apply for a credit card. These rewards are a reason why you should use the credit card more than your debit card, as you not only work on building your credit but you can get points that are used to redeem a wide selection of products.

This is actually one of the main reasons I never use my debit card anymore, I used to spend thousands of dollars every year only to get nothing in return other than a lower depleted account. After switching to using a credit card, I was able to redeem my points for products whenever I reached the amount of points needed for certain products, as well I was able to build my credit score up by constantly using it but ALSO paying it off always.

Low Interest Rate

Having low interest rates are crucial if you find yourself not being able to fully pay off the credit cards at times. Higher interest rates will actually require you to pay more and thus slowing down the ability to pay for your card, as well as slowing down the growth rate of your credit score by having the money go wards interest payments as opposed to card payments.

Plastk Secured Credit cards start at a low interest rate of 17.99% which is lower than major competitors. The difference in these percentages can sometimes add up to hundreds of dollars every year and it's a good idea to keep these interest rates low so you can use that money more for your payments and not interest payments.

Integrated App

Going back to our rewards system, you're probably wondering how do you even access what the points are for and how many points you even have? Well, we have our own Plastk Secured Credit Card app that not only let's you see the balance of your points and redeem these points, but you can also make card payments and review your overall credit card history from here! This is especially great for if you want to monitor your spending and make sure you are budgeting properly for the month.

Having this breakdown is what helped me lower my costs each month and help me save A LOT more of my money rather than blindly spending it on things I didn't need. I loved being able to see where my money was going and what I could do to reduce spendings in certain aspects of my life so I could save more and work on my credit score. 

Credit Building

Like we said before, Plastk Secured Credit card is one of the most useful tools you can get in your financial journey. Building credit doesn't have to be hard and we want to make sure you have full access to these resources. Think of it like a job, sometimes there's entry level jobs out there but they require you to have experience. How on earth do you even land these jobs when the basic requirements are tough to get?! We don't want you to fall into this vicious circle of not being able to start your journey because of little to no credit! So that's why we integrate the instant approvals as well as our points and rewards systems to make it a little more exciting!