Dollar Bank Secured Credit Card

Dollar Bank Secured Credit Card Review

If you're wondering whether Dollar Bank Secured Credit Card is the right card for you, read on.

Key Takeaways

• 3% Balance transfer fee. Dollar Bank Secured Credit 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 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 identity theft protection, price 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 relatively good approval odds.

Pros & Cons of Dollar Bank Secured Credit Card

The Good	The Bad
Potentially lower than average purchase APRs. Multiple credit card perks. Free access to your credit score. Identity Theft Protection. Considers applicants with fair credit. Dollar Bank Secured Credit Card reports to multiple credit bureaus.	Charges an annual fee of up to . 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. Charges a 3% balance transfer fee.

Dollar Bank Secured Credit Card FAQ

Does Dollar Bank Secured Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Dollar Bank Secured Credit Card benefits?

It provides the following benefits:

• Free Credit Score
• Price Protection
• Free Credit Report
• Cell Phone Protection
• Reports to major credit bureaus

What are the relevant APRs for Dollar Bank Secured Credit Card?

This is a charge card and therefore doesn't have a regular APR or interest charges. You must pay your balance in full every month.

What are the fees for Dollar Bank Secured Credit Card?

The following fees apply:

Dollar Bank Secured Credit Card Fees

Fees	Amount
Annual Fee	N/A
Foreign Transaction Fee	3%

Does Dollar Bank Secured Credit Card report your account activity to credit bureaus?

Yes, Dollar Bank Secured Credit 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 Dollar Bank Secured Credit Card

• Visit the Dollar Bank Secured Credit 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.