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US Bank Secured Visa Card

in Personal Credit Cards

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US Bank Secured Visa Card

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in Personal Credit Cards

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Overview

Who is this credit card designed for?

US Bank Secured Visa Card is a secured credit card issued by US Bank, which is based in Minneapolis, MN.  Secured cards are a type of credit card that is backed by a secured payment, which is used as collateral. These cards are often used by borrowers with poor credit or little credit history to help build their credit.

US Bank Secured Visa Card is designed for people with a credit score of 300 to 640.

This card has a credit limit of $5000. US Bank is one of the few credit card issuers that allows applicants to include a cosigner, which improves the approval chances of people with not-so-great credit.

What are the relevant APRs?

US Bank Secured Visa Card has a variable purchase APR starting at 20.49%.

The card has a variable balance transfer APR starting at 20.49%.

It also has a variable cash advance APR starting at 25.49%.

Is an introductory APR offer available?

No, US Bank Secured Visa Card does not come with an introductory APR offer for balance transfers.

US Bank Secured Visa Card does not offer an introductory rate on new purchases.

What are the fees?

The following fees apply to US Bank Secured Visa Card:

  • An annual fee of $29. Make sure the rewards and benefits of this card justify the cost of the annual fee.
  • A late payment penalty of $38.
  • A returned payment fee of $35.
  • There is no overlimit fee
  • A foreign transaction fee of 3%. Transactions in a foreign currency get hit with a 3% fee. For example, if you buy a $1,000 flight in euros, you will pay a foreign transaction fee of $30.

Is a rewards program offered?

No, US Bank Secured Visa Card does not offer a rewards program.

Is a signup bonus offered?

US Bank Secured Visa Card doesn't offer a cash signup bonus.

Is an annual loyalty bonus offered?

US Bank Secured Visa Card doesn't offer a cash loyalty bonus.

What additional benefits are offered?

 US Bank Secured Visa Card provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Fraud Liability
  • Reports to major credit bureaus

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

US Bank Secured Visa Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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
Late Payment Penalty
$38
Returned Payment Fee
$35
Minimum Interest Charge
$2
Annual Fee
$29
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
Fraud Liability
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Fraud Liability
  • Identity Theft Protection
Purchase APR
(Variable APR)
Starting at
20.49%
Cash Advance APR
(Variable APR)
Starting at
25.49%
Balance Computation
average daily balance (including new purchases)
Credit Limit
5000
Balance Transfer APR
(Variable APR)
Starting at
20.49%
Transfer Fee
3% w/ $5 min
Transfer Fee %
3%
Transfer Fee Minimum
$5

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