SuperMoney
  Exchange Bank Secured Visa® Card
Exchange Bank Secured Visa® Card Unaffiliated

Exchange Bank Secured Visa® Card

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 12 reviews
Highlights
Purchase APR  (Variable APR) 26.99%
(Verified 09/23/2022)
Balance Transfer APR  (Variable APR) 26.99%
(Verified 09/23/2022)
Credit Score Range 300 - 600
Annual Fee $0

Exchange Bank Secured Visa® Card Review

This is a secured credit card credit card issued by Exchange Bank of Milledgeville. If you're wondering whether Exchange Bank Secured Visa® 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. Exchange Bank Secured Visa® 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.
  • Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, travel assistance, 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 Exchange Bank Secured Visa® Card

The Good The Bad
  • No annual fee.
  • Multiple credit card perks.
  • Offers auto rental collision damage waiver.
  • Extended warranty on purchases.
  • Identity Theft Protection.
  • Travel assistance insurance
  • Considers applicants with fair credit.
  • Exchange Bank Secured Visa® 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.
  • Charges a 3% balance transfer fee.

Exchange Bank Secured Visa® Card FAQ

Does Exchange Bank Secured Visa® Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Exchange Bank Secured Visa® Card benefits?

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Zero fraud liability
  • Travel Assistance
  • Reports to major credit bureaus

What are the relevant APRs for Exchange Bank Secured Visa® 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.

Exchange Bank Secured Visa® 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% .

Does Exchange Bank Secured Visa® Card have an intro APR offer on balance transfers?

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

Does Exchange Bank Secured Visa® 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 Exchange Bank Secured Visa® Card?

The following fees apply:

  • There is no overlimit fee
Exchange Bank Secured Visa® Card Fees
Fees Amount
Annual Fee $0
Overlimit Fee $0
Foreign Transaction Fee 2%
Returned Payment Fee up to $41
Late Payment Fee up to $41

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

Does Exchange Bank Secured Visa® Card have a foreign transaction fee?

Exchange Bank Secured Visa® 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 Exchange Bank Secured Visa® Card?

The Exchange Bank Secured Visa® Card customer service number is (478) 452-4531.

What is the support contact email for Exchange Bank Secured Visa® Card?

The support contact email for Exchange Bank Secured Visa® Card is servicing@exch.bank.

What is the Exchange Bank Secured Visa® Card login page?

You can access the Exchange Bank Secured Visa® Card login page here.

How do people rate the customer service and user experience of Exchange Bank Secured Visa® Card?

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

Does Exchange Bank Secured Visa® Card report your account activity to credit bureaus?

Yes, Exchange Bank Secured Visa® 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 Secured Visa® Card

  • Visit the Exchange Bank Secured Visa® 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 1 state
Georgia
Availabile in all of Georgia

Feature Breakdown

Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 5%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 2%
No Annual Fee
Annual Fee $0
Minimum Interest Charge $2
Over-Limit Fee $0
No Interest Grace Period for Late Payment 24 days
Returned Payment Fee Up to $41
Additional Card Fee Amount $0
Late Fee Amount Up to $41
Customer Type Personal
Minimum Age 18
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 300 - 600
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Emergency Support
  • Fraud Liability
  • Travel Assistance
Rewards Type No Rewards
Security Deposit $300 - $5,000
Cash Advance APR (Variable APR) 28.99%
APR Type Variable APR
Balance Computation average daily balance (including new purchases)
Credit Limit Up to $5,000
Purchase APR (Variable APR) 26.99%
(Verified 09/23/2022)
Balance Transfer APR (Variable APR) 26.99%
(Verified 09/23/2022)
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 3%
Card Type
  • Secured
Card Network Visa

Be the first to rate

 

Would you recommend Exchange Bank Secured Visa® Card 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

Exchange Bank of Milledgeville Credit Cards

Loading...