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I am disabled and on a fix income with no credit history. How do I build credit? How much money would I need to put in the bank to possibly use a credit card such as the secure credit card. I keep getting denied by stores and even when I applied for a regular TD bank credit card. What do you recommend?
October 12, 2015 03:05:20 PM
Borrowing & Managing Your Credit
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In reply to Cathy, Phila
Welcome to TD Helps, Cathy. We'd be glad to help you with secured credit cards!
TD Bank offers our Easy Rewards Credit Card with a minimum credit limit of $500.00 as a secured card. Please take a look here for some more information and the Personal Credit Card Agreement for our TD Easy Rewards Secured Credit Card: http://bit.ly/1wtjCwy. Please keep in mind that in order to open a secured card like this, we also require that you open a deposit account with us to use as collateral against the card. You will have to deposit into this account an amount equal to the same amount that your credit line is approved for.
In order to apply for a TD Secured Credit Card, you may stop by any TD Bank Store. For locations and their hours, please visit: http://bit.ly/TDStores. You can also set up an appointment in advance if you'd like by reaching out to a Banking Specialist by phone 24/7 at 888-751-9000.
After you've applied, you should expect to receive a decision via mail within 7-10 business days after the application was submitted, and at that point you will need to come back into the Store to make your collateral deposit.
We also recommend taking a look at our Finance 101 page found here: http://bit.ly/1dHULN9. You may find the financial advice here useful especially "Get Smart about Credit" and "Building a Good Credit Score."
We hope this information helps, Cathy and have a good day.
Megan K, Mount Laurel
October 12, 2015 03:05:44 PM
1 person recommended this