Exchange Bank of California Secured Card Review

Exchange Bank of California Secured Card is a secured credit card credit card issued by Exchange Bank of California. If you're wondering whether Exchange Bank of California Secured 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 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.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.

The Good	The Bad
No annual fee. Considers applicants with fair or poor credit. Exchange Bank of California Secured 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 2%. You don't earn rewards on every purchase. Does not include many credit card benefits.

Is there a Exchange Bank of California Secured Card cash back or rewards program?

No, Exchange Bank of California Secured Card does not offer a rewards program.

What are the Exchange Bank of California Secured Card benefits?

Exchange Bank of California Secured Card provides the following benefits:

• Reports to major credit bureaus

What are the relevant APRs for Exchange Bank of California Secured 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. Exchange Bank of California Secured Card has higher than average purchase APRs.

Exchange Bank of California Secured Card has a variable purchase APR of 25.99%. The card has a variable balance transfer APR of 25.99% . It also has a variable cash advance APR of 25.99% .

What are the fees for Exchange Bank of California Secured Card?

The following fees apply to Exchange Bank of California Secured Card:

• There is no overlimit fee

Exchange Bank of California Secured Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	2%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

Does Exchange Bank of California Secured Card report your account activity to credit bureaus?

Yes, Exchange Bank of California 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 Exchange Bank of California Secured Card

• Visit the Exchange Bank of California 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.