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...
- Rebecca Lake, MyBankTrackerIt is to anyone who’s hoping to establish a positive credit history and is able to make a larger cash deposit. It can help you build credit for the first time or get your credit score back on track if you’ve had a few bumps in the road.
- Sarah Li Cain, CardcruncherIf you’re a non-U.S. citizen looking to build your credit, you’ll want to consider the Wells Fargo Secured Credit Card. However, if you’re looking for a card that offers a large credit line and you don’t have a lot of cash to spare, this isn’t a great option. Don’t forget the annual fee—some secured...
- Dawn Papandrea, The BalanceThe Wells Fargo Secured Visa® Card, like most secured cards, is geared toward consumers baby-stepping their way to improved credit. Just don’t expect any wow-worthy perks. For starters, it carries an annual fee and there aren’t rewards to sweeten the deal. The high credit limit potential, though, ca...
- Kelly Dilworth, CreditCards.comThe Wells Fargo Secured Credit Card offers an unusually large credit line to cardholders who can afford to pay a steep deposit and a lower APR than some competitors; however, you need at least $300 just to open it.
- Robert Harrow, ValuePenguinEven if you have bad credit, there are better credit cards out there. Non-permanent U.S. residents and those who highly value the cell phone protection benefits the card offers should consider whether or not what this card offers is worth paying $25 per year. Otherwise, we recommend looking at other...
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
20.49% (Variable) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
20.49% (Variable) This APR will vary with the market based on the Prime Rate. |
| Cash Advance Interest Rate |
25.49% (Variable) This APR will vary with the market based on the Prime Rate. |
| Rates & Fees | |
| Annual Fee | $25.00 |
| Balance Transfer Fee |
5% Minimum of $5 |
| Cash Advance Fee |
5% Minimum of $10 |
| Foreign Transaction Fee |
3% Of each transaction in U.S. dollars. |
| Over Limit Fee | $0.00 |
| Late Payment Fee |
$37.00 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 | Yes |
| Car Rental Insurance | Yes |
| Car Rental Discount | No |
| Extended Warranty | No |
| Purchase Protection | No |
| Zero Liability | Yes |
| No Foreign Transaction Fees | No |
| Emergency Assistance | Yes |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | No |
| Free Credit Scores | No |
| Wireless Payments | Apple Pay, Samsung Pay, Google Pay |
| Virtual Cards | No |
| Additional Benefits |
|
| Eligibility | |
| Minimum Security Deposit | $300 |
| Minimum Age | 18 |
| Minimum Personal Income | |
| Temporary Residents | Yes |
| 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.
The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.
Use this card?
Help inform others by sharing your experience with Wells Fargo Secured Credit Card