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Wells Fargo Secured Credit Card review

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Advertiser Disclosure

Annual Fee
Minimum Deposit
Interest Rate: Purchases
20.49% (Variable)
Balance Transfer
20.49% (Variable)

Informr score
The Wells Fargo Secured Credit Card currently has an Informr score of 7.1 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?

Wells Fargo Secured Credit 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...


If 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...

- Sarah Li Cain, Cardcruncher
The Balance

The 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...

- Dawn Papandrea, The Balance

The 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.

- Kelly Dilworth,

Even 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...

- Robert Harrow, ValuePenguin
Credit Karma

With a high available credit limit, the Wells Fargo Secured Card can have a positive impact on your credit. However, not without some hefty fees to consider.

- Laura Zulliger, Credit Karma


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


Sign up bonus No
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, Android Pay
Virtual Cards No
Additional Benefits
  • Cell phone protection
  • Overdraft Protection
Minimum Security Deposit $300
Minimum Age 18
Minimum Personal Income
Temporary Residents Yes
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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