Exchange Bank Secured Visa® Card Review

Exchange Bank Secured Visa® Card 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. 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 20.99%
• 3% Balance transfer fee. Exchange Bank Secured Visa® Card charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $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 and fraud protection.
• 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
Multiple credit card perks. Considers applicants with fair or poor credit. Exchange Bank Secured Visa® Card reports to multiple credit bureaus.	Higher than average purchase APRs. Charges an annual fee of $35 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.

Is there a Exchange Bank Secured Visa® Card cash back or rewards program?

No, Exchange Bank Secured Visa® Card does not offer a rewards program.

What are the Exchange Bank Secured Visa® Card benefits?

Exchange Bank Secured Visa® Card provides the following benefits:

• ID Theft Protection
• Reports to major credit bureaus

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

Exchange Bank Secured Visa® Card has a variable purchase APR of 20.99%. The card has a variable balance transfer APR of 20.99% . It also has a variable cash advance APR of 23.99% .

What are the fees for Exchange Bank Secured Visa® Card?

The following fees apply to Exchange Bank Secured Visa® Card:

• There is no overlimit fee

Exchange Bank Secured Visa® Card Fees

Fees	Amount
Annual Fee	$35
Overlimit Fee	$0
Foreign Transaction Fee	2%
Returned Payment Fee	up to $35
Late Payment Fee	up to $40

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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.