U.S. Bank Secured Visa® Card review

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Advertiser Disclosure

Annual Fee
$29.00
Minimum Deposit
$300.00
Interest Rate: Purchases
20.99%
Balance Transfer
20.99%


7.2/10
Informr score
The U.S. Bank Secured Visa® Card currently has an Informr score of 7.2 out of 10. This score is based on our evaluation of 7 sources including reviews from users and the web's most trusted critics.

Am I eligible?


U.S. Bank Secured Visa® Card is typically available to those with poor credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA
Yes Provide a minimum security deposit of $300.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


CreditCards.com

This plain vanilla secured card requires an extra large deposit and significant annual fee; but its APR is relatively low for a subprime credit card.

- Kelly Dilworth, CreditCards.com
NerdWallet

If you’re trying to build your credit up from nothing, or you’re looking to repair past credit mistakes, the Secured Visa will do the job. It is a no-flash, no-rewards secured card that will work well for most people, but may leave others wanting more.

- Kevin Cash, NerdWallet
ValuePenguin

Even if you have a bad credit score, you can get significantly better credit cards than the U.S. Bank Secured Visa Card. The Discover it® Secured Card ­- No Annual Fee and Capital One® Secured Mastercard® both come with no annual fee, and are an arguably better deal for consumers. 

- Robert Harrow, ValuePenguin
Finder

Consider the no-frills U.S. Bank Secured Visa Card to build or re-establish your credit, but compare your options to find similar cards that come with rewards or no annual fees.

- Finder team, Finder
The Balance

There are quite a few bad secured credit cards, but the U.S. Bank Secure Visa Card isn't one of them. The annual fee and interest rate are competitive with similar secured credit cards. You can always pay your balance in full each month to avoid paying interest on your credit card balance.

- George Yacik, The Balance

Details


Interest Rates
Regular APR Interest Rate 20.99%

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 20.99%

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 25.99%

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $29.00
Balance Transfer Fee 3%

Minimum of $5

Cash Advance Fee 4%

Minimum of $10

Foreign Transaction Fee 2%

Of each transaction in U.S. dollars.


3%

Of each transaction in foreign currencies.

Over Limit Fee $0.00
Late Payment Fee $38.00

Maximum

Promotions
Sign up bonus No
Rewards
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Eligibility
Minimum Security Deposit $300
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
Suggest a correction

Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


CreditCards.com

Affordable fees, more reasonable APR

from CreditCards.com

This plain vanilla secured card requires an extra large deposit and significant annual fee; but its APR is relatively low for a subprime credit card.

Read full review

This plain vanilla secured card requires an extra large deposit and significant annual fee; but its APR is relatively low for a subprime credit card.

Read full review

Less

NerdWallet

A decent choice for rebuilding credit

from NerdWallet

If you’re trying to build your credit up from nothing, or you’re looking to repair past credit mistakes, the Secured Visa will do the job. It is a no-flash, no-rewards secured card that will work well for most people, but may leave others wanting more.

Read full review

If you’re trying to build your credit up from nothing, or you’re looking to repair past credit mistakes, the Secured Visa will do the job. It is a no-flash, no-rewards secured card that will work well for most people, but may leave others wanting more.

Read full review

Less

ValuePenguin

There are plenty of better options for consumers with bad credit

from ValuePenguin

Even if you have a bad credit score, you can get significantly better credit cards than the U.S. Bank Secured Visa Card. The Discover it® Secured Card ­- No Annual Fee and Capital One® Secured Mastercard® both come with no annual fee, and are an arguably better deal for consumers. 

Read full review

Even if you have a bad credit score, you can get significantly better credit cards than the U.S. Bank Secured Visa Card. The Discover it® Secured Card ­- No Annual Fee and Capital One® Secured Mastercard® both come with no annual fee, and are an arguably better deal for consumers. 

Read full review

Less

Finder

This globally accepted card can help you easily build or re-establish your credit

from Finder

Consider the no-frills U.S. Bank Secured Visa Card to build or re-establish your credit, but compare your options to find similar cards that come with rewards or no annual fees.

Read full review

Consider the no-frills U.S. Bank Secured Visa Card to build or re-establish your credit, but compare your options to find similar cards that come with rewards or no annual fees.

Read full review

Less

The Balance

A good way to rebuild credit

from The Balance

There are quite a few bad secured credit cards, but the U.S. Bank Secure Visa Card isn't one of them. The annual fee and interest rate are competitive with similar secured credit cards. You can always pay your balance in full each month to avoid paying interest on your credit card balance.

Read full review

There are quite a few bad secured credit cards, but the U.S. Bank Secure Visa Card isn't one of them. The annual fee and interest rate are competitive with similar secured credit cards. You can always pay your balance in full each month to avoid paying interest on your credit card balance.

Read full review

Less

Wise Bread

Helps you rebuild a credit rating

from Wise Bread

The U.S. Bank Secured Visa Credit Card is ideal for those who are just starting out and have no credit, or have had credit issues in the past and are on the path to repairing their credit.

Read full review

The U.S. Bank Secured Visa Credit Card is ideal for those who are just starting out and have no credit, or have had credit issues in the past and are on the path to repairing their credit.

Read full review

Less

Beverly Harzog

Best for who want flexible reward programs

Beverly Harzog

The U.S. Bank Secured Visa Card is a much better-than-average card, so I’m giving it top-tier status in my list of The Best (and Worst) Secured Credit Cards. Finding a good secured card is tough and this is a decent option. I’ve been doing this list for several years now, and this card has ne...More

The U.S. Bank Secured Visa Card is a much better-than-average card, so I’m giving it top-tier status in my list of The Best (and Worst) Secured Credit Cards. Finding a good secured card is tough and this is a decent option. I’ve been doing this list for several years now, and this card has never left the top tier. But I will note that I occasionally hear complaints about customer service.

Read full review

Less

User Reviews


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