Credit Cards
US Bank Secured Visa® Credit Card review
Looking for a secured credit card? Check out the US Bank Secured Visa® Credit Card! This card has great features and benefits, like no annual fee and credit building tools!
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US Bank Secured Visa® Credit Card: Establish a solid score with a real Visa purchasing power!
Are you looking for a convenient and reliable way to build (or rebuild) your credit? The US Bank Secured Visa® Credit Card is designed to help people who need an affordable path to establish a healthier credit history.
How to apply for US Bank Secured Visa® card
Learn how to apply for the US Bank Secured Visa® Card and get started on your path to building or rebuilding your credit history today!
- Credit Score: You can apply and get the U.S. Bank Secured with a bad credit score.
- APR: This card has a variable 28.49% APR on purchases. There’s also a 30.49% APR on cash advances.
- Annual Fee: Start your credit journey and pay ZERO annual fees with this card.
- Fees: The U.S. Bank Secured has a 3% foreign currency conversion fee, a 5% cash advance fee, and a late payment fee up to $41.
- Welcome bonus: There is no current promotion for the U.S. Bank Secured.
- Rewards: The U.S. Bank Secured does not offer any rewards on purchases.
The card is a great tool to help you improve your rating, with no annual fee, for an easier road to future financial success.
It also features convenient benefits like 24/7 customer service, giving you additional support as you learn how to manage your credit responsibly.
Plus, it’s backed by a major bank, so you can rest assured that your money is in good hands when using this card.
So, keep reading our US Bank Secured Visa® Credit Card review to learn more about this great option for building your financial future!
US Bank Secured Visa® Credit Card: how does it work?
The US Bank Secured Visa® Credit Card is the perfect way to build or rebuild your credit score! It works similarly to other credit cards, just with a deposit that’s used as collateral to insure U.S. Bank against default.
You’ll receive a card with a credit limit equal to the amount you deposit, which can be anywhere between $300 and $5,000.
The deposit will remain untouched in a U.S. Bank secured savings account and will earn interest for as long as your account is open.
Plus you get all the benefits of a U.S. Bank Visa® card, like worldwide acceptance (with a 3% foreign fee), online and mobile banking, $0 fraud liability, and more.
U.S. Bank also allows you to choose your payment due date to work around your payment’s schedule.
The US Bank Secured Visa® Credit Card monitors your account activity and makes regular reports to the three main credit bureaus in the United States.
So on-time payments and responsible use could help you build and establish a healthy score over time.
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Significant benefits and disadvantages you may find
Next, we’ll review the ins and outs of the US Bank Secured Visa® Credit Card. Don’t miss out on all the info you need in order to make an informed choice about your financial future!
Benefits
- There are no membership fees to worry about while you build credit;
- You can qualify even with a low score;
- U.S. Bank reports all payments to Equifax, Experian, and TransUnion;
- You can choose your payment due date to work around your schedule;
- Get access to $0 fraud liability, account monitoring and mobile banking;
- Have the worldwide acceptance of a real Visa product.
Disadvantages
- You need to put down a security deposit of a least $300;
- There’s a very high variable APR – so on-time payments are a must;
- The U.S. Bank Secured has no rewards program;
- The U.S. Bank Secured charges a 3% foreign transaction fee.
Is a good credit score required for applicants?
You shouldn’t have any trouble qualifying for the US Bank Secured Visa® Credit Card as long as you can guarantee the $300 minimum deposit.
Since this is a secured card, the issuer is more lenient on granting its approval.
Learn how to apply and get a US Bank Secured Visa® Credit Card
If you’re looking to build or rebuild a strong credit history and gain access to more financial opportunities, getting a US Bank Secured Visa® Credit Card is a great solution.
Check the following link and learn everything you need to know about its application process.
How to apply for US Bank Secured Visa® card
Learn how to apply for the US Bank Secured Visa® Card and get started on your path to building or rebuilding your credit history today!
About the author / Aline Barbosa
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