U.S. Bank Secured Visa® Card review

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Advertiser Disclosure

Annual Fee
$29.00
Minimum Deposit
$300.00
Interest Rate: Purchases
18.99% (Variable)
Balance Transfer
18.99% (Variable)


6.2/10
Informr score
The U.S. Bank Secured Visa® Card currently has an Informr score of 6.2 out of 10. This score is based on our evaluation of 8 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...


Investopedia

If you can’t get approved for an unsecured credit card, a secured credit card mayhelp you build or establish your credit. The U.S. Bank Secured Visa is a fairly basic card. If you have the ability to fund a large deposit you can establish a higher credit line than typically available with a secured...

- Miranda Marquit, Investopedia
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

Details


Interest Rates
Regular APR Interest Rate 18.99% (Variable)

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

Balance Transfer Interest Rate 18.99% (Variable)

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

Cash Advance Interest Rate 23.99% (Variable)

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 $40.00

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
Virtual Cards No
Eligibility
Minimum Security Deposit $300
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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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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