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  Banner Bank Deposit Secured Mastercard®

Banner Bank Deposit Secured Mastercard®

in Personal Credit Cards from Banner Bank

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Banner Bank Deposit Secured Mastercard®

Unaffiliated

in Personal Credit Cards from Banner Bank

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Highlights
Purchase APR  (Fixed APR) 9.99% - 13.99%
Balance Transfer APR  (Fixed APR) 9.99% - 13.99%
Credit Score Range 350 - 600
Annual Fee $25

Banner Bank Deposit Secured Mastercard® Review

This is a secured credit card rewards credit card issued by Banner Bank. If you're wondering whether Banner Bank Deposit Secured Mastercard® 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
  • Signup bonus. Offers a signup bonus of 4000 points that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. Banner Bank Deposit Secured Mastercard® has a fixed purchase APR that ranges from 9.99% up to 13.99%.
  • $0 Balance transfer fee. This card does not charge a fee on balance transfers, if you transfer the balance within 0 day of opening the account. After the introductory period, the fee is 0%.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1.1% 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.
  • Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, identity theft protection, travel accident insurance, and fraud protection.
  • 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 Banner Bank Deposit Secured Mastercard®
The Good The Bad
  • Lower than average purchase APRs.
  • Has an introductory APR rate on balance transfers of 5.24%.
  • No balance transfer fee, if you transfer the balance within 0 day. After the intro period, the fee is 0% with a minimum of $0.
  • Multiple credit card perks.
  • Offers auto rental collision damage waiver.
  • Identity Theft Protection.
  • Travel accident insurance.
  • Considers applicants with fair or poor credit.
  • Cardholders can earn rewards on purchases everywhere Banner Bank Deposit Secured Mastercard® is accepted.
  • Banner Bank Deposit Secured Mastercard® reports to multiple credit bureaus.
  • Charges an annual fee of $25
  • Charges a foreign transaction fee of 1.1%.
Banner Bank Deposit Secured Mastercard® FAQ

Does Banner Bank Deposit Secured Mastercard® have a cash back or rewards program?

Banner Bank Deposit Secured Mastercard® is a rewards card.

Banner Bank Deposit Secured Mastercard® Rewards
Minimum rewards rate 4x
Max rewards rate N/A
Annual rewards limit N/A
Signup Bonus (Points/Miles) 4000

Does Banner Bank Deposit Secured Mastercard® have a signup bonus?

This card doesn't offer a cash signup bonus. However, it does include a 4000 points signup bonus that can be redeemed for travel, gifts, or other perks.

Does Banner Bank Deposit Secured Mastercard® offer an annual loyalty bonus?

This card doesn't offer a cash loyalty bonus.

What are the Banner Bank Deposit Secured Mastercard® benefits?

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Zero fraud liability
  • Travel Accident Insurance
  • Reports to major credit bureaus

What are the relevant APRs for Banner Bank Deposit Secured Mastercard®?

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 lower than average regular APRs.

It has a fixed purchase APR that ranges from 9.99% up to 13.99%. The card has a fixed balance transfer APR that ranges from 9.99% up to 13.99%. It also has a fixed cash advance APR of 18% .

Does Banner Bank Deposit Secured Mastercard® have an intro APR offer on balance transfers?

Yes, it offers an intro APR rate on balance transfers of 5.24% for a period of up to 2 months.

Banner Bank Deposit Secured Mastercard® Balance Transfers
Description
Balance Transfer Fee % After Intro Period 0%
Balance Transfer Fee Intro Period 0 days
Balance Transfer Introductory APR 5.24%
Balance Transfer Intro APR Period 2 months
Balance Transfer APR 9.99% - 13.99%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%

Does Banner Bank Deposit Secured Mastercard® 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 Banner Bank Deposit Secured Mastercard®?

The following fees apply:

  • There is no overlimit fee
Banner Bank Deposit Secured Mastercard® Fees
Fees Amount
Annual Fee $25
Overlimit Fee $0
Foreign Transaction Fee 1.1%
Returned Payment Fee $15
Late Payment Fee $20

Does Banner Bank Deposit Secured Mastercard® have a foreign transaction fee?

Banner Bank Deposit Secured Mastercard® charges a foreign transaction fee of 1.1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $22. 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 Banner Bank Deposit Secured Mastercard®?

The Banner Bank Deposit Secured Mastercard® customer service number is (509) 527-3636.

Does Banner Bank Deposit Secured Mastercard® report your account activity to credit bureaus?

Yes, Banner Bank Deposit Secured Mastercard® 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 Banner Bank Deposit Secured Mastercard®

  • Visit the Banner Bank Deposit Secured Mastercard® 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

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Banner Bank

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Availability

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

Feature Breakdown

Every Purchase (Points) Get 4 points for every $1 spent: Redeemable for local rewards, air travel, and more!
Cash Advance Fee Minimum $0
Cash Advance Fee (%) 0%
Minimum Cash Advance Fee ($) $0
Minimum Interest Charge $0
Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Foreign Currency Transaction Fee 1.1%
Annual Fee $25
Returned Payment Fee $15
Late Fee Amount $20
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 350 - 600
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Fraud Liability
  • Identity Theft Protection
  • Travel Accident Insurance
Rewards Rates
  • Every Purchase
  • Travel
  • Retail
Signup Bonus (points) 4,000
Security Deposit $300 - $5,000
Cash Advance APR (Fixed APR) 18%
Balance Computation “average daily balance” (including new transactions).
Credit Limit $300 - $5,000
Purchase APR (Fixed APR) 9.99% - 13.99%
Balance Transfer Fee % After Intro Period 0%
Balance Transfer Fee Intro Period 0 days
Balance Transfer Introductory APR (Fixed APR) 5.24%
Balance Transfer Intro APR Period (Fixed APR) 2 months
Balance Transfer APR (Fixed APR) 9.99% - 13.99%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%
Card Type
  • Rewards
  • Secured
  • Balance Transfer
  • Bonus Offers
Card Network Mastercard

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