Who is Primor Secured Visa Gold Designed For?

Primor Secured Visa Gold credit card is designed for people with bad or no credit who want a secured card to improve their credit score. The main attractions of this card is that it accepts everyone who has the cash to make a deposit and credit lines go from $200 to $5,000. The card is issued by the Green Dot Bank.

What are the Rates for Primor Secured Visa Gold?

The Primor Secured Visa Gold has a 9.99% APR on purchases and an 18.99% APR on cash advances. These rates are not bad for a card that practically everyone will qualify for. However, remember this is a secured card, which means your line of credit is equal to your security deposit. So you are effectively paying for borrowing money from yourself.

What Are the Fees for Primor Secured Visa Gold?

Primor Secured Visa Gold credit card has a $49 annual fee that is not waived the first year. This is a relatively expensive annual fee for a secured card with no rewards program and little in the way of perks. The Classic version of this card has a higher rate of 13.99% APR but a smaller annual fee, $39. There is a 3% foreign transaction fee, a $5 or 5%, whichever is higher, fee on cash advances and a $29 penalty fee for either late payments or returned payments.

What Is Primor Secured Visa Gold's Rewards Program Like?

The Primor Secured Visa Gold doesn't have a rewards program. The purpose of this card is to provide people with the convenience of a Visa card and help them improve their credit so that, among other things, they can qualify for a card with a decent rewards program.

What about Primor Secured Visa Gold's Signup Bonus?

Primor Secured Visa Gold does not have a signup bonus.

Does Primor Secured Visa Gold Have Any Other Benefits?

Not really. The Primor Secured Visa Gold is as stark on benefits and rewards as credit cards get. However, it does allow members to earn interest on their security deposit, a 0.15% APY, something few secured credit cards offer. It also has the advantage of a fast and easy application form and no processing or application fees.

How Is Primor Secured Visa Gold Better Than Other Credit Cards?

Primor Secured Visa Gold is a useful tool for people looking to build their credit and has extremely flexible eligibility requirements.

  • People with a monthly income of just $100 above their monthly expenses have guaranteed approval.
  • No minimum credit score.
  • The rates are relatively low, you can earn interest on your security deposit and there are no application fees.
  • Credit lines range from $200 to $5,000.
  • Credit Score Range
    300 - 800
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Customer Type
  • Annual Fee
  • Grace Period / Deferred Interest
  • Late Payment Penalty
  • Minimum Interest Charge
  • Returned Payment Fee
  • Foreign Currency Transaction Fee
  • Card Type
  • Card Network
  • Credit Limit
    $200 - $5000
  • Purchases APR (variable)
    Starting at 9.99%
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