MidFirst Bank Secured Card Review

This is a secured credit card credit card issued by MidFirst Bank. If you're wondering whether MidFirst Bank Secured Card is the right card for you, read on. This review will provide you with with all the details you need 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 starting at 17.99%
• 3% Balance transfer fee. MidFirst Bank Secured 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 $10.
• 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 good approval odds.

The Good	The Bad
Has an introductory APR rate on balance transfers of 17.99%. Considers applicants with fair or poor credit. MidFirst Bank Secured Card reports to multiple credit bureaus.	Higher than average purchase APRs. Charges an annual fee of up to . 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 3% balance transfer fee. Does not include many credit card benefits.

Does MidFirst Bank Secured Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the MidFirst Bank Secured Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for MidFirst Bank Secured 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. It has higher than average regular APRs.

It has a variable purchase APR starting at 17.99% . The card has a variable balance transfer APR starting at 17.99% . It also has a variable cash advance APR starting at 24.99% . Note that late payments are subject to an APR of 24.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for MidFirst Bank Secured Card?

The following fees apply:

MidFirst Bank Secured Card Fees

Fees	Amount
Annual Fee	N/A
Foreign Transaction Fee	3%
Returned Payment Fee	up to $25
Late Payment Fee	up to $24.50

Does MidFirst Bank Secured Card report your account activity to credit bureaus?

Yes, MidFirst Bank 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 MidFirst Bank Secured Card

• Visit the MidFirst Bank 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.