Citizens National Bank of Cheboygan Secured Card

Citizens National Bank of Cheboygan Secured Card Review

This is a secured credit card card issued by Citizens National Bank of Cheboygan. If you're wondering whether Citizens National Bank of Cheboygan 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 of 26.99%
• 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.
• 3% Balance transfer fee. Citizens National Bank of Cheboygan Secured Card 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 $5.
• 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 650.

Pros & Cons of Citizens National Bank of Cheboygan Secured Card

Citizens National Bank of Cheboygan Secured Card FAQ

Does Citizens National Bank of Cheboygan Secured Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Citizens National Bank of Cheboygan Secured Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Citizens National Bank of Cheboygan Secured Card?

Citizens National Bank of Cheboygan Secured Card has a variable purchase APR of 26.99%. The card has a variable balance transfer APR of 26.99% . It also has a variable cash advance APR of 28.99% .

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

What are the fees for Citizens National Bank of Cheboygan Secured Card?

The following fees apply:

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

Does Citizens National Bank of Cheboygan Secured Card report your account activity to credit bureaus?

Yes, Citizens National Bank of Cheboygan Secured 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 Citizens National Bank of Cheboygan Secured Card

• Visit the Citizens National Bank of Cheboygan 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.