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  Armed Forces Bank Credit Builder Secured Visa® Credit Card

Armed Forces Bank Credit Builder Secured Visa® Credit Card

in Personal Credit Cards from Armed Forces Bank

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Armed Forces Bank Credit Builder Secured Visa® Credit Card

Unaffiliated

in Personal Credit Cards from Armed Forces Bank

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Highlights
Purchase APR  (Variable APR) Starting at 20.99%
Balance Transfer APR  (Variable APR) Starting at 20.99%
Credit Score Range 350 - 600
Annual Fee $39

Armed Forces Bank Credit Builder Secured Visa® Credit Card Review

This is a secured credit card credit card issued by Armed Forces Bank. If you're wondering whether Armed Forces 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.

Key Takeaways
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR starting at 20.99%
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
  • 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.
Pros & Cons of Armed Forces Bank Credit Builder Secured Visa® Credit Card
The Good The Bad
  • Identity Theft Protection.
  • Considers applicants with fair or poor credit.
  • Armed Forces 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.
  • Charges a foreign transaction fee of 1%.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.
Armed Forces Bank Credit Builder Secured Visa® Credit Card FAQ

Does Armed Forces 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 Armed Forces 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 Armed Forces 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 starting at 20.99% . The card has a variable balance transfer APR starting at 20.99% . It also has a variable cash advance APR starting at 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.

Does Armed Forces Bank Credit Builder Secured Visa® Credit Card have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does Armed Forces Bank Credit Builder Secured Visa® Credit Card have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

What are the fees for Armed Forces Bank Credit Builder Secured Visa® Credit Card?

The following fees apply:

  • There is no overlimit fee
Armed Forces Bank Credit Builder Secured Visa® Credit Card Fees
Fees Amount
Annual Fee $39
Overlimit Fee $0
Foreign Transaction Fee 1%
Returned Payment Fee up to $25
Late Payment Fee up to $25

Does Armed Forces Bank Credit Builder Secured Visa® Credit Card have a foreign transaction fee?

Armed Forces Bank Credit Builder Secured Visa® Credit Card charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.

What is the customer service phone number for Armed Forces Bank Credit Builder Secured Visa® Credit Card?

The Armed Forces Bank Credit Builder Secured Visa® Credit Card customer service number is (888) 929-2265.

Does Armed Forces Bank Credit Builder Secured Visa® Credit Card report your account activity to credit bureaus?

Yes, Armed Forces 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 Armed Forces Bank Credit Builder Secured Visa® Credit Card

  • Visit the Armed Forces 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   320 Kansas Ave, Fort Leavenworth, KS 66027, United States
    Leavenworth, KS 66027
  • (888) 929-2265
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:00pm
  • Tuesday 9:00am - 4:00pm
  • Wednesday 9:00am - 4:00pm
  • Thursday 9:00am - 4:00pm
  • Friday 9:00am - 4:00pm
  • Saturday Closed

About Armed Forces Bank Credit Builder Secured Visa® Credit Card

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View all personal credit cards offered by Armed Forces Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $5
Cash Advance Fee (%) Starting at 2%
Minimum Cash Advance Fee ($) Starting at $5
Foreign Currency Transaction Fee 1%
Annual Fee $39
Returned Payment Fee Up to $25
Late Fee Amount Up to $25
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 350 - 600
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Fraud Liability
Rewards Type No Rewards
Cash Advance APR (Variable APR) Starting at 20.99%
Credit Limit $300 - $3,000
Penalty APR (Variable APR) 24.99%
Purchase APR (Variable APR) Starting at 20.99%
Balance Transfer APR (Variable APR) Starting at 20.99%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%
Card Type
  • Secured
  • Bad Credit
Card Network Visa

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