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LATAM Visa® Secured Card

  • Regular Purchase APR   24.99% variable based on the Prime Rate
  • Balance Transfer APR  24.99% variable based on the Prime Rate
  • Cash Advance APR  26.24% variable based on the Prime Rate
  • Annual Fee  $0 for the first 12 months. After that, $25
  • Credit Needed  Poor , No Credit Required
  • Processing Network Visa

Best Benefits
  • Get 1 LATAM Pass Point for every eligible net $1 you spend
  • Receive 10% discount on first LATAM Airlines purchase (up to $500) one time per year
  • Earn 5,000 bonus points after your first card use
  • No cap on points earned
Rates & Fees
     Intro Purchase APR: N/A
     Regular Purchase APR: 24.99% variable based on the Prime Rate
     Intro Balance Transfer APR: N/A
     Balance Transfer APR: 24.99% variable based on the Prime Rate
     Balance Transfer Transaction Fee: Either 3% of the amount of each transfer or $5 minimum, whichever is greater.
     Cash Advance APR: 26.24% variable based on the Prime Rate
     Cash Advance Transaction Fee: Either 4% of the amount of each advance or $5 minimum, whichever is greater.
     Penalty APR: None
     Annual Fee: $0 for the first 12 months. After that, $25
     Foreign Transaction Fee: 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars, 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency
     Late Payment Penalty Fee: Up to $39
     Return Payment Penalty Fee: Up to $35
     Over Limit Penalty Fee: None
     Minimum Deposit Required: $300
     Credit Needed: Poor , No Credit Required

 

At a Glance

The LATAM Visa® Secured Card is a secured credit card that helps travelers establish their credit in the U.S. and earn points to help them jet away to their favorite places. The generous introductory offer gives cardholders 5,000 bonus points after their first card use.

The Gist

Typically, most secured credit cards don’t offer any points or benefits, but the LATAM Visa® Secured Card offers both. In addition to the introductory 5,000 bonus points offer, travelers can earn 1 LATAM Pass Point for every eligible net $1 spent. Also, there is no cap on points earned. Once per year travelers can receive a 10% discount on their first LATAM Airline purchase (up to $500). To fund their LATAM Visa® Secured Card, the applicant must print an application and mail a check or money order in the amount that will serve as both their deposit and credit line ($300 minimum, $5,000 maximum). This deposit will be used to open a U.S. Bank Secured Savings account to ensure payment, and as a benefit to the cardholder the deposit will earn interest as long as the account isn’t in default. For travelers the LATAM Visa® Secured Card offers both Travel & Emergency Assistance, and Travel Accident Insurance. Renting a car will also be less stressful as travelers will be provided an Auto Rental Collision Damage Waiver to cover the cost of damage to a rental vehicle.

Apply For this Card If You:

  • Frequently fly with LATAM Airlines
  • Want to build or rebuild your credit
  • Want an Auto Rental Collision Damage Waiver for no extra cost

 

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Published: September 3, 2019 9:08 pm

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