Signet Banking Corp. has added the latest wrinkle in the secured credit card business.

The Richmond, Va.-based bank is offering consumers with little or no credit history a secured credit card that can be converted to an unsecured card if someone with a strong payment record co-signs the application, said Robert Skolnick, executive vice president of BAI, a Tarrytown, N.Y., firm that monitors mailed solicitations.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.