Fifth Third Secured Card

Fifth Third Secured Card Review

This is a secured credit card card issued by Fifth Third Bank. If you're wondering whether Fifth Third Secured 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 26.24%
• 4% Balance transfer fee. Fifth Third Secured Card charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $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, identity theft 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 Fifth Third Secured Card

Fifth Third Secured Card FAQ

Does Fifth Third Secured Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Fifth Third Secured Card benefits?

It provides the following benefits:

• Emergency Support
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Fifth Third Secured Card?

Fifth Third Secured Card has a variable purchase APR of 26.24%. The card has a variable balance transfer APR of 26.24% . It also has a variable cash advance APR of 27.24% .

What are the fees for Fifth Third Secured Card?

The following fees apply:

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

Yes, 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 may help improve your credit.

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 your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.