The advertised quick credit cards are usually secured credit cards, which work the same way as unsecured credit cards in that both can be used to pay for goods and services. However, a secured card requires you to open and maintain a savings account as security for your credit. An unsecured card does not.

The Federal Trade Commission has taken action against companies that deceptively advertise Visa and MasterCards through television, newspapers and postcards. The ads may offer unsecured credit cards, secured credit cards or not specify a type of card. The ads typically are phrased to make you believe you can get a credit card simply by calling a telephone number listed in the ad. Sometimes the number is not toll-free. A 900-number service, for which you will be billed just for making the call, may instruct you to give your name and address to receive a credit application, or it may give you a list of banks offering secured cards, or direct you to call another 900 number at an additional charge.

If you are interested in applying for a secured credit card, the BankCard Holders of America (BHA) provides a list of institutions offering secured cards. BHA's "Secured Card List" is free to BHA members and costs $4 for nonmembers. Write to: BankCard Holders of America, 560 Herndon Parkway, Suite 120, Herndon, VA 22070.