A secured credit card allows you to establish or rebuild credit with responsible use. Secured cards require a refundable security deposit that is held as collateral for the account.
A history of on-time payments and moderate use of credit card accounts can help build a good credit history. Your activity and payment history on a secured card is reported monthly to Experian, one of the three major Credit Reporting Agencies (CRAs) in the U.S., and can help to build your credit score even if you don’t have a Social Security Number.1
You can apply for a secured credit card in the mobile app or an East West Bank branch.2
Disclaimer:
1 We may report information about the status and payment of your Account to credit reporting agencies and other creditors. East West Bank will report this information using the available personal identifying information you have provided to us or provide to us at a later date. However, based on your overall credit profile, we cannot guarantee the credit reporting agencies will develop a credit score if your overall credit profile is limited. You can learn more about how we report Credit in your Secured Visa® Classic Credit Card Agreement.
2 If you submit an application, an inquiry will be placed on your credit file.
A history of on-time payments and moderate use of credit card accounts can help build a good credit history. Your activity and payment history on a secured card is reported monthly to Experian, one of the three major Credit Reporting Agencies (CRAs) in the U.S., and can help to build your credit score even if you don’t have a Social Security Number.1
You can apply for a secured credit card in the mobile app or an East West Bank branch.2
Disclaimer:
1 We may report information about the status and payment of your Account to credit reporting agencies and other creditors. East West Bank will report this information using the available personal identifying information you have provided to us or provide to us at a later date. However, based on your overall credit profile, we cannot guarantee the credit reporting agencies will develop a credit score if your overall credit profile is limited. You can learn more about how we report Credit in your Secured Visa® Classic Credit Card Agreement.
2 If you submit an application, an inquiry will be placed on your credit file.