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Wells Fargo Secured Credit Card

in Personal Credit Cards

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Wells Fargo Secured Credit Card

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in Personal Credit Cards

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Overview

Who is this credit card designed for?

Wells Fargo Secured Credit Card is a secured credit card issued by Wells Fargo Bank, which is based in San Francisco, CA.  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.

Wells Fargo Secured Credit Card is designed for people with a credit score of 300 to 850. This card supports balance transfers, which is an attractive feature if you have credit card debt and would like to transfer it to a card with a lower APR.

This card has a credit limit of $Equal to Initial Security Deposit of $300 - $10,000. Wells Fargo 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?

Wells Fargo Secured Credit 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, Wells Fargo Secured Credit Card does not come with an introductory APR offer for balance transfers.

Wells Fargo Secured Credit Card does not offer an introductory rate on new purchases.

What are the fees?

The following fees apply to Wells Fargo Secured Credit Card:

  • An annual fee of $25. Make sure the rewards and benefits of this card justify the cost of the annual fee.
  • A late payment penalty of $37.
  • A returned payment fee of $37.
  • 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, Wells Fargo Secured Credit Card does not offer a rewards program.

Is a signup bonus offered?

Wells Fargo Secured Credit Card doesn't offer a cash signup bonus.

Is an annual loyalty bonus offered?

Wells Fargo Secured Credit Card doesn't offer a cash loyalty bonus.

What additional benefits are offered?

 Wells Fargo Secured Credit Card provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Fraud Liability
  • Travel Accident Insurance
  • Cellular Telephone Protection
  • Travel Assistance
  • Reports to major credit bureaus
  • Does Wells Fargo Secured Credit Card report your account activity to credit bureaus?

    Wells Fargo Secured Credit 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

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      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) 25
    Late Payment Penalty $37
    Returned Payment Fee $37
    Minimum Interest Charge $1
    Annual Fee $25
    Balance Transfer Fee % 5%
    Balance Transfer Fee Minimum $5
    Foreign Currency Transaction Fee 3%
    Minimum Age 18
    Co-signing Allowed  
    Credit Score Range 300 - 850
    850 300
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    • Non-Resident
    Bank Account Required?  
    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  
    Travel Insurance  
    Emergency Support  
    Credit Card Benefits
    • Auto Rental Collision Damage Waiver
    • Cellular Telephone Protection
    • Emergency Support
    • Fraud Liability
    • Identity Theft Protection
    • Travel Accident Insurance
    • Travel Assistance
    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 Equal to Initial Security Deposit of $300 - $10,000
    Balance Transfer APR (Variable APR) Starting at 20.49%

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    Purchase APR

    Balance Transfer APR

    Annual Fee

    Credit Score Range

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    Purchase APR 14.49% - 26.49%
    (Variable APR)
        0% 30% Variable APR
    Balance Transfer APR 14.49% - 26.49%
    (Variable APR)
        8% 29% Variable APR
    Annual Fee $0 Annual Fee
    Credit Score Range 700 - 850     300 850
    Wells Fargo Propel American Express® Card
    Purchase APR 14.49% - 26.99%
    (Variable APR)
        0% 30% Variable APR
    Balance Transfer APR 14.49% - 26.99%
    (Variable APR)
        8% 29% Variable APR
    Annual Fee $0 Annual Fee
    Credit Score Range 640 - 850     300 850