Berkshire Bank Secured Visa® Card Review

Berkshire Bank Secured Visa® Card is a secured credit card credit card issued by Berkshire Bank. If you're wondering whether Berkshire Bank Secured Visa® Card is the right card for you, read on. This is everything you need to know 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 25.99%
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% 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.

The Good	The Bad
No annual fee. Identity Theft Protection. Considers applicants with fair or poor credit. Berkshire Bank Secured Visa® Card reports to multiple credit bureaus.	Higher than average purchase APRs. Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase. Does not include many credit card benefits.

Is there a Berkshire Bank Secured Visa® Card cash back or rewards program?

No, Berkshire Bank Secured Visa® Card does not offer a rewards program.

What are the Berkshire Bank Secured Visa® Card benefits?

Berkshire Bank Secured Visa® Card provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Berkshire Bank Secured Visa® Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Berkshire Bank Secured Visa® Card has higher than average purchase APRs.

Berkshire Bank Secured Visa® Card has a variable purchase APR of 25.99%. The card has a variable balance transfer APR that ranges from 7.99% up to 25.99%. It also has a variable cash advance APR that ranges from 7.99% up to 25.99%.

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for Berkshire Bank Secured Visa® Card?

The following fees apply to Berkshire Bank Secured Visa® Card:

• There is no overlimit fee

Berkshire Bank Secured Visa® Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

Does Berkshire Bank Secured Visa® Card report your account activity to credit bureaus?

Yes, Berkshire Bank Secured Visa® 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 Berkshire Bank Secured Visa® Card

• Visit the Berkshire Bank Secured Visa® 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.