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  Central Bank World Secured Mastercard®

Central Bank World Secured Mastercard®

in Personal Credit Cards from Central Bank

Unaffiliated

Central Bank World Secured Mastercard®

Unaffiliated

in Personal Credit Cards from Central Bank

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Highlights
Purchase APR  (Variable APR) 18.74
Balance Transfer APR  (Variable APR) 18.74
Credit Score Range 350 - 600
Annual Fee $25

Central Bank World Secured Mastercard® Review

This is a secured credit card credit card issued by Central Bank. If you're wondering whether Central Bank World 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
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 18.74%
  • 4% Balance transfer fee. Central Bank World Secured Mastercard® charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 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 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.
  • Multiple credit card benefits. Includes generous credit card perks, such as access to a concierge, emergency support, identity theft protection, 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 Central Bank World Secured Mastercard®
The Good The Bad
  • Multiple credit card perks.
  • Access to a concierge.
  • Identity Theft Protection.
  • Considers applicants with fair or poor credit.
  • Central Bank World Secured Mastercard® reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • Charges an annual fee of $25
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 3%.
  • Charges a 4% balance transfer fee.
Central Bank World Secured Mastercard® FAQ

Does Central Bank World Secured Mastercard® have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Central Bank World Secured Mastercard® benefits?

It provides the following benefits:

  • Emergency Support
  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for Central Bank World 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 higher than average regular APRs.

It has a variable purchase APR of 18.74%. The card has a variable balance transfer APR of 18.74% . It also has a variable cash advance APR of 24.99% .

Does Central Bank World Secured Mastercard® have an intro APR offer on balance transfers?

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

Does Central Bank World 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 Central Bank World Secured Mastercard®?

The following fees apply:

  • There is no overlimit fee
Central Bank World Secured Mastercard® Fees
Fees Amount
Annual Fee $25
Overlimit Fee $0
Foreign Transaction Fee 3%
Returned Payment Fee up to $35
Late Payment Fee up to $35

Does Central Bank World Secured Mastercard® have a foreign transaction fee?

Central Bank World Secured Mastercard® charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. 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 Central Bank World Secured Mastercard®?

The Central Bank World Secured Mastercard® customer service number is (866) 236-8744.

What is the support contact email for Central Bank World Secured Mastercard®?

The support contact email for Central Bank World Secured Mastercard® is cbccustomerservice@centralbank.net.

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

Yes, Central Bank World 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 Central Bank World Secured Mastercard®

  • Visit the Central Bank World 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 8:30am - 4:30pm
  • Tuesday 8:30am - 4:30pm
  • Wednesday 8:30am - 4:30pm
  • Thursday 8:30am - 4:30pm
  • Friday 8:30am - 4:30pm
  • Saturday Closed

Other Services by Central Bank

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View all personal credit cards offered by Central 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 10
Cash Advance Fee (%) Starting at 4
Minimum Cash Advance Fee ($) Starting at 10
Foreign Currency Transaction Fee 3
Annual Fee $25
Minimum Interest Charge 1.50
Returned Payment Fee Up to 35
Late Fee Amount Up to 35
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
  • 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
  • Emergency Support
  • Fraud Liability
  • Concierge
Rewards Categories
  • Every Purchase
Security Deposit Starting at 250
Cash Advance APR (Variable APR) 24.99
Balance Computation “Average daily balance" (excluding new purchases).
Credit Limit Starting at 250
Purchase APR (Variable APR) 18.74
Balance Transfer Fee % After Intro Period Starting at 4
Balance Transfer APR (Variable APR) 18.74
Balance Transfer Fee Minimum 10
Balance Transfer Fee % 4
Card Type
  • Secured
  • Bad Credit
Card Network Mastercard

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