Academy Bank Credit Builder Secured Visa Credit Card Review

This is a secured credit card credit card issued by Academy Bank, N.A.. If you're wondering whether Academy Bank Credit Builder Secured Visa Credit Card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 20.99%
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have good approval odds.

The Good	The Bad
Identity Theft Protection. Considers applicants with fair or poor credit. No foreign transaction fee. Academy Bank Credit Builder Secured Visa Credit Card reports to multiple credit bureaus.	Higher than average purchase APRs. Charges an annual fee of $39 Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase. Does not include many credit card benefits.

Does Academy Bank Credit Builder Secured Visa Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Academy Bank Credit Builder Secured Visa Credit Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Academy Bank Credit Builder Secured Visa Credit Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has higher than average regular APRs.

It has a variable purchase APR of 20.99%. The card has a variable balance transfer APR of 20.99% . It also has a variable cash advance APR of 20.99% . Note that late payments are subject to an APR of 24.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Academy Bank Credit Builder Secured Visa Credit Card?

The following fees apply:

• There is no overlimit fee

Academy Bank Credit Builder Secured Visa Credit Card Fees

Fees	Amount
Annual Fee	$39
Overlimit Fee	$0
Initial Program Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $25
Late Payment Fee	up to $15

Does Academy Bank Credit Builder Secured Visa Credit Card report your account activity to credit bureaus?

Yes, Academy Bank Credit Builder Secured Visa Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Academy Bank Credit Builder Secured Visa Credit Card

• Visit the Academy Bank Credit Builder Secured Visa Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.