Credit Builder Secured Visa® Credit Card

Credit Builder Secured Visa® Credit Card

Credit Builder Secured Visa® Credit Card

Credit Builder Secured Visa® Credit Card

Credit Builder Secured Visa® Credit Card

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Card details

  • Deposit an amount from $300 up to $3,000 into a Credit Builder Savings Account which will set the credit limit you request.

  • Custom Credit Line - Increase your credit limit by adding funds in increments of $50 or more to the savings account.

  • Accrued Interest on Savings - The money in your savings account will earn interest, adding to your savings.

  • Automatic Reporting - We'll report your performance to the three major credit bureaus to help you build a credit history.

  • Upgrades Available - You can upgrade to an unsecured card with good performance. We'll periodically review your credit activity to see if you qualify. If you do, we'll let you know.

  • Custom Payment Date - If you are a new customer, you can choose either the 1st or 16th of each month as your payment date. Once your date is set, it can't be changed.

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    N/A

  • Bonus offer

    N/A

  • Intro APR

    N/A

  • Ongoing APR

    APR: 25.99%, Fixed

    Cash Advance: 25.99%, Fixed

  • Balance transfer fee

    None

  • Foreign transaction fee

    0.8% of each transaction in US dollars, if no currency conversion occurs.

Recommended credit score

Compare to other cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
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Annual fee

$0

Annual fee

$0

Annual fee

$0

Regular APR

25.99% Fixed APR

Rates & Fees

Regular APR

28.24% Variable APR

Rates & Fees

Regular APR

18.00%, Variable

Rates & Fees

Intro APR

N/A

Intro APR

10.99% intro APR on Balance Transfers for 6 months

Intro APR

N/A

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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NerdWallet review

By Robin Saks Frankel

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Rating details

4

Editor's overall rating

Pros and cons

Pros
  • Qualify with limited / bad credit

  • No annual fee

  • Reports to the three major credit bureaus

Cons
  • No rewards

  • High APR

The Credit Builder Secured Visa® Credit Card, issued by Armed Forces Bank, has an annual fee of $0 and, like most secured cards, it doesn't earn rewards — but it does offer some unique features that can be hard to find.

The card caters to those who are enlisted in or retired from military service, but civilians are also welcome to apply. You have to deposit at least $300 into an Armed Forces Bank Credit Builder Savings account in order to get it, but you can increase your credit limit by adding funds to that account.

Your security deposit will earn interest, and if you make your monthly payments on time and in full, Armed Forces Bank will periodically review your account to see whether you qualify for an unsecured card.