Fifth Third Secured Card Review

Fifth Third Secured Card is a secured credit card credit card issued by Fifth Third Bank. If you're wondering whether Fifth Third Secured Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 25.49%
• 4% Balance transfer fee. Fifth Third Secured Card charges a fee of up to 4% on balance transfers. For example, a balance of $1,000 could cost up to $40 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.
• Accepts cosigners. Fifth Third Bank is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
• 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 access to a concierge, emergency support, 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.

Fifth Third Secured Card Pros and Cons:

The Good	The Bad
Multiple credit card perks. Access to a concierge. Considers applicants with fair or poor credit. Fifth Third Secured Card reports to multiple credit bureaus.	Higher than average purchase APRs. Charges an annual fee of $24 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 4% balance transfer fee.

Is there a Fifth Third Secured Card cash back or rewards program?

No, Fifth Third Secured Card does not offer a rewards program.

What are the Fifth Third Secured Card benefits?

Fifth Third Secured Card provides the following benefits:

• Emergency Support
• Zero fraud liability
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Fifth Third 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. Fifth Third Secured Card has higher than average purchase APRs.

Fifth Third Secured Card has a variable purchase APR of 25.49%. The card has a variable balance transfer APR of 25.49% . It also has a variable cash advance APR of 26.49% .

What are the fees for Fifth Third Secured Card?

The following fees apply to Fifth Third Secured Card:

Fifth Third Secured Card Fees

Fees	Amount
Annual Fee	$24
Foreign Transaction Fee	3%
Late Payment Fee	up to $40

Does Fifth Third Secured Card report your account activity to credit bureaus?

Fifth Third 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 can help improve your credit score.

How to apply for Fifth Third Secured Card

• Visit the Fifth Third 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 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.