- 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.
Purchase: 19.49%, Variable
Cash Advance APR: 28.49%, Variable
If you have bad credit or no credit at all, signing up for a secured credit card is a smart way to build your credit score. The Secured Visa is a solid choice. Like other secured cards, this card requires an initial deposit upon approval, with a recommended minimum of $300. The deposited amount acts as collateral against spending and ultimately represents your credit limit.
A unusual feature with this card is a slightly longer grace period for payments. Most cards include a range of 20 to 25 days for bill payment, but the Secured Visa stretches that to 24 to 30 days. This means more time to pay your bill, helping you to potentially avoid a late payment.
With the Secured Visa, the annual fee is waived the first year and $29 every year thereafter. The ongoing APR is 19.49% Variable — on the lower end compared with other secured cards. Still, we recommend paying your bill in full every month, especially if your goal is to build your credit score.
For more about this card, see our full review.
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