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US Bank LATAM Visa® Secured Card

in Personal Credit Cards

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US Bank LATAM Visa® Secured Card

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in Personal Credit Cards

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Overview

Who is the US Bank LATAM Visa Secured Card Designed For?

The US Bank LATAM Visa Secured Card, formerly known as US Bank LANPASS Visa Secured Card, is designed for people with poor or bad credit who are frequent flyers with LATAM Airlines. The card gives cardholders the opportunity to earn miles they can redeem for flights and perks. As a secured card its line of credit is dependent on the size of the security deposit, which must be at least $300.

What are the Rates for US Bank LATAM Visa Secured Card?

- The US Bank LATAM Visa Secured Card has a rate of 24.49% APR on purchases and balance transfers. Cash advances have a 25.74% APR. There is no penalty rate but there are fees to pay for late and returned payments.

What Are the Fees for US Bank LATAM Visa Secured Card?

The US Bank LATAM Visa Secured Card has a $25 annual fee, which is waived the first year. It also charges a 3% fee (minimum of $5) on balance transfers and cash advances. Foreign transactions have a 3% fee; late payments incur a $38 fee and returned payments trigger a $35 fee.

What Is US Bank LATAM Visa Secured Card Rewards Program Like?

The US Bank LATAM Visa Secured Card gives cardholders 1 LATAM point for every $1 they spend. There is no cap on how many miles you can earn.

What about US Bank LATAM Visa Secured Card Signup Bonus?

The US Bank LATAM Visa Secured Card gives new customers 5,000 points the first time they use their US Bank LATAM Visa secured card. Applicants who qualify for LATAM Signature Visa card, which is not a secured card, receive a signup bonus of 20,000 miles the first time they use their card.

Does US Bank LATAM Visa Secured Card Have Any Other Benefits?

US Bank LATAM Visa Secured cardholders receive a 10% discount on a LATAM purchase (up to $500) once a year. It also includes shopping and travel benefits that most secured cards do not offer. For instance, the US Bank LATAM provides fraud protection, zero fraud liability, auto rental collision damage waiver and travel accident insurance.

How Is US Bank LATAM Visa Secured Card Better Than Other Credit Cards?

The US Bank LATAM Visa Secured Card is available to people of all credit types and yet still offers a decent rewards program for frequent flyers with LAN Airlines. It also includes a 5,000-mile signup bonus and prime benefits, such as auto rental collision damage waiver and travel accident insurance. On the other hand, its rates are quite high for a secured card. However, it only has a $25 annual fee, which is waived the first year. US Bank also considers cardholders who have had this card and managed their credit responsibly for 12 months for a regular unsecured credit card, which is important for people who want to rebuild their credit history.

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Availability

Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Grace Period for Late Payment (Days)
24
Over-Limit Fee
$0
No Annual Fee First Year
Late Payment Penalty
$38
Returned Payment Fee
$35
Minimum Interest Charge
$2
Annual Fee
$25
Foreign Currency Transaction Fee
3%
Minimum Age
18
Co-signing Allowed
Credit Score Range
300 - 640
850 300 640
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Customer Type
Personal
Car Rental Insurance
Extended Warranty
Fraud Liability
Travel Insurance
Emergency Support
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Fraud Liability
  • Identity Theft Protection
  • Travel Accident Insurance
  • Travel Assistance
Bonus Rewards
15,000 Bonus Miles
Annual Maximum
2,000 Bonus Miles
Every Purchase
1 LATAM Pass Mile for every eligible net $1 you spend
Rewards Categories
  • Every Purchase
Signup Bonus (points)
5,000
Purchase APR
(Variable APR)
Starting at
24.49%
Cash Advance APR
(Variable APR)
Starting at
25.74%
Balance Computation
average daily balance (including new purchases)
Credit Limit
5000
Balance Transfer APR
(Variable APR)
Starting at
24.49%
Transfer Fee
3%
Transfer Fee %
3%
Transfer Fee Minimum
$5

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