US Bank Secured Visa Card Review

US Bank Secured Visa Card is a secured credit card credit card issued by US Bank. 

Secured cards are credit cards that require a refundable deposit before you qualify for a line of credit. These cards are often used to build the credit of consumers with with poor credit or little credit history.

This card is designed for people who have bad credit. The minimum credit score to apply is 300. 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.

This card has a minimum credit limit of 5000.

If you're wondering whether US Bank Secured Visa Card is the right card for you, read on. This is everything you need to know to make a good choice.

Is there a US Bank Secured Visa Card cash back or rewards program?

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

US Bank Secured Visa Card Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the US Bank Secured Visa Card benefits?

US Bank Secured Visa Card provides the following benefits:

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

What are the relevant APRs for US Bank Secured Visa Card?

US Bank Secured Visa Card has a variable purchase APR of 20.74%. The card has a variable balance transfer APR of 20.74% .

It also has a variable cash advance APR of 25.74% .

US Bank Secured Visa Card Balance Transfers

Description
Balance Transfer APR	20.74%
Introductory Rate	N/A
Intro APR period (months)	N/A

US Bank Secured Visa Card Rates & Terms

Description
Balance Computation	average daily balance (including new purchases)
Purchase APR	20.74%
Credit Limit	5000
Penalty APR	N/A
Cash Advance APR	25.74%
Security Deposit	N/A
Introductory Rate	N/A
Intro APR period (months)	N/A

What are the US Bank Secured Visa Card fees?

The following fees apply to US Bank Secured Visa Card:

• There is no overlimit fee

US Bank Secured Visa Card Fees

Fees	Amount
Annual Fee	$29
Overlimit Fee	$0
Foreign Transaction Fee	3%
Balance Transfer Fee	3%
Minimum Balance Transfer Fee	$5
Returned Payment Fee	up to $35
Late Payment Fee	up to $39

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 on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for US Bank Secured Visa Card

• Visit the US Bank Secured Visa 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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.