Am I eligible?
To get this card, you must also:
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...
- Miranda Marquit, InvestopediaIf 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...
- Kelly Dilworth, CreditCards.comThis plain vanilla secured card requires an extra large deposit and significant annual fee; but its APR is relatively low for a subprime credit card.
- Funto Omojola, NerdWalletIf you're looking for a no-frills secured credit card to help you build or rebuild your credit, the U.S. Bank Secured Visa is a decent option. The biggest hurdle is scraping together the cash for the required deposit.
- Christina Majaski, Wise BreadThe 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.
- Robert Harrow, ValuePenguinEven 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.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
28.74% (Variable) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
28.74% (Variable) This APR will vary with the market based on the Prime Rate. |
| Cash Advance Interest Rate |
29.99% (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 |
5% 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 |
$41.00 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 | No |
| 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 |
| Suggest a correction |
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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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