Green Dot Platinum Secured Credit Card

Green Dot Platinum Secured Credit Card Review

This is a secured credit card card issued by Green Dot Bank. If you're wondering whether Green Dot 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 starting at 19.99%
• 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.
• 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 have relatively good approval odds.

Pros & Cons of Green Dot card

The Good	The Bad
Considers applicants with fair credit. Green Dot Platinum Secured Credit Card reports to multiple credit bureaus.	Higher than average purchase APRs. Charges an annual fee of $39 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. Does not include many credit card benefits.

Green Dot card FAQ

Does Green Dot card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the relevant APRs for Green Dot 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.

Green Dot Platinum Secured Credit Card has a variable purchase APR starting at 19.99% . It also has a variable cash advance APR starting at 19.99% .

What are the fees for Green Dot card?

The following fees apply:

• There is no overlimit fee

Green Dot card Fees

Fees	Amount
Annual Fee	$39
Overlimit Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $27
Late Payment Fee	up to $27

Does Green Dot Platinum Secured Credit Card report your account activity to credit bureaus?

Yes, Green Dot Platinum Secured Credit 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 Green Dot card

• Visit the Green Dot 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.