SuperMoney
  Cadence Bank Secured Mastercard®
Cadence Bank Secured Mastercard® Unaffiliated

Cadence Bank Secured Mastercard®

Unaffiliated
Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in Credit Cards.
Chime secured Credit Builder Visa® Credit Card
Chime secured Credit Builder Visa® Credit Card 14 reviews
Highlights
Purchase APR  (Variable APR) 18.90% - 21%
(Verified 10/25/2022)
Balance Transfer APR  (Variable APR) 12.90% - 21%
(Verified 10/25/2022)
Credit Score Range 600 - 850
Annual Fee $0

Cadence Bank Secured Mastercard® Review

This is a secured credit card credit card issued by Cadence Bank. If you're wondering whether Cadence Bank Secured card is the right card for you, read on.

Key Takeaways

  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 18.90% up to 21%.
  • 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.
  • 3% Balance transfer fee. Cadence Bank Secured Mastercard® charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% 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.
  • Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of Cadence Bank Secured card

The Good The Bad
  • No annual fee.
  • Considers applicants with fair credit.
  • Cadence Bank Secured Mastercard® 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 2%.
  • Charges a 3% balance transfer fee.
  • Does not include many credit card benefits.

Cadence Bank Secured card FAQ

Does Cadence Bank Secured card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the relevant APRs for Cadence Bank Secured 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. This card has higher than average regular APRs.

Cadence Bank Secured Mastercard® has a variable purchase APR that ranges from 18.90% up to 21%. The card has a variable balance transfer APR that ranges from 12.90% up to 21%. It also has a variable cash advance APR that ranges from 12.90% up to 21%. Note that late payments are subject to an APR of 21% 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 Cadence Bank Secured card have an intro APR offer on balance transfers?

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

Does Cadence Bank Secured 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 Cadence Bank Secured card?

The following fees apply:

Cadence Bank Secured card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 2%
Returned Payment Fee up to $35
Late Payment Fee up to $35

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Cadence Bank Secured card have a foreign transaction fee?

Cadence Bank Secured card charges a foreign transaction fee of 2%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $40. 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 Cadence Bank Secured card?

The Cadence Bank Secured card customer service number is (800) 636-7622.

What is the support contact email for Cadence Bank Secured card?

The support contact email for Cadence Bank Secured card is n/a.

What is the Cadence Bank Secured card login page?

You can access the Cadence Bank Secured card login page here.

How do people rate the customer service and user experience of Cadence Bank Secured card?

We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.

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

Yes, Cadence Bank 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 Cadence Bank Secured card

  • Visit the Cadence Bank Secured 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.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • 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
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Cash Advance Fee Minimum $10
Cash Advance Fee (%) 3%
Minimum Cash Advance Fee ($) $10
Foreign Currency Transaction Fee 2%
No Annual Fee
Annual Fee $0
Returned Payment Fee Up to $35
Late Fee Amount Up to $35
Customer Type Personal
Minimum Age 18
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 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Rewards Categories
  • 1x Point on Travel
  • 1x Point on Airfare
Cash Advance APR (Variable APR) 12.90% - 21%
APR Type Variable APR
Credit Limit Starting at $500
Penalty APR (Variable APR) 21%
Purchase APR (Variable APR) 18.90% - 21%
(Verified 10/25/2022)
Balance Transfer APR (Variable APR) 12.90% - 21%
(Verified 10/25/2022)
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 3%
Card Type
  • Secured
Card Network Mastercard

Be the first to rate

 

Would you recommend Cadence Bank Secured Mastercard® to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Credit Cards

Cadence Bank Credit Cards

Loading...