If you’re ready to get your first secured credit card and begin building your credit history you first need to determine how much you’d like to put down on your card. If you’ve been reading our articles you’ll know that we recommend not to exceed 30% of the maximum on your credit card in order to keep in good standing with the creditor. You also know that the best way to build your credit score with a secured credit card is to use your card strictly for gas purchases in order to easily keep track of your balance and pay on time. Use our calculator below to determine your deposit amount based on your weekly gas expense.
Published on August,4,2011
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