- No rewards offered
Purchase: 19.74%, Variable
Cash Advance APR: 24.74%, Variable
- Qualify with limited / bad credit
- Has annual fee
- No rewards
- High APR
Recommended credit score
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 U.S. Bank Secured Visa® Card 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 U.S. Bank Secured Visa® Card 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 U.S. Bank Secured Visa® Card, the annual fee is $29. The ongoing APR is 19.74% 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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