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U.S. Bank Secured Visa® Card

  • Regular Purchase APR   20.99% variable based on the Prime Rate
  • Balance Transfer APR  20.99% variable based on the Prime Rate
  • Cash Advance APR  25.99% variable based on the Prime Rate
  • Annual Fee  $29
  • Credit Needed  Poor , No Credit Required
  • Processing Network Visa

Best Benefits
  • Zero Fraud Liability - You are not responsible for unauthorized transactions if your U.S. Bank Secured Visa card is ever lost or stolen
  • Fraud Protection – detects and notifies you of any unusual card activity to help prevent fraud
  • Auto Rental Insurance - It's yours automatically - at no extra cost - when you charge your entire car rental on your U.S. Bank Secured Visa Card and decline the rental company's collision damage waiver option. Coverage on a 24-hour basis for damage due to collision or theft
  • FlexControl™ - U.S. Bank offers this online tool that can help you avoid interest and late fees with automatic payments that put you in control. It can also help you pay down a balance faster
Rates & Fees
     Intro Purchase APR: N/A
     Regular Purchase APR: 20.99% variable based on the Prime Rate
     Intro Balance Transfer APR: N/A
     Balance Transfer APR: 20.99% 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: 25.99% variable based on the Prime Rate
     Cash Advance Transaction Fee: Either 4% of the amount of each advance or $10 minimum, whichever is greater
     Penalty APR: None
     Annual Fee: $29
     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: N/A
     Credit Needed: Poor , No Credit Required

 

At a Glance

The U.S. Bank Secured Visa® Card is designed for anyone who wants to build or re-establish their credit history. This card can be used worldwide and offers auto rental insurance when it’s used to rent a vehicle.

The Gist

Building or re-establishing a credit history takes time, and the U.S. Bank Secured Visa® Card helps establish credit with some benefits. Applying for this card requires a deposit, and the credit line will be the same amount as the deposit to ensure the card gets paid. To the cardholders benefit, the deposit will be placed in a secured savings account and will earn interest as long as the account is open and in good standing. Cardholders who use the U.S. Bank Secured Visa® Card to rent a vehicle automatically – at no extra cost – receive auto rental insurance to cover any damage. They also get Zero Fraud Liability and Fraud Protection to protect against unauthorized transactions.

Apply For this Card If You:

  • Have no credit or are rebuilding credit
  • Want Auto Rental Insurance for no extra cost

 

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Published: September 3, 2019 12:33 pm

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