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Our take
If you are looking for a decent credit card to rebuild your credit history or to establish one from scratch, the U.S. Bank Secured Visa® Credit Card is a good option to pay attention to. Although in general this card is very similar to most secured cards, it has few exceptional features that will help you avoid dangerous misuses of your credit line which might be toxic for your credit history.
Details
- Get worldwide purchasing power and flexibility as you work to build or re-establish your credit history.
- 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 Card and decline the rental company's collision damage waiver option. Coverage on a 24-hour basis for damage due to collision or theft.
- Online Banking – The easiest way to bank online! With this service you can view current statements, download account history, check your balance, make a payment from your U.S. Bank Checking or Savings account, get a cash advance and much more.
- Automatic Bill Pay - Take advantage of this easy way to pay bills online.
- 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.
Pros
No penalty APR
Extended grace period
Cons
No sign-up bonus
No rewards
Recomended Credit score
Poor
300
Fair
630
Good
690
Excellent
720
850
Balance transfer offer
Balance transfer regular apr
20.99%
variable
Balance transfer fee
3%
min $5
Rates and fees
Purchase regular apr
20.99%
variable
Cash advance apr
25.99%
variable
Regular annual fee
$29
Cash advance fee
4%
min $10
Foreign transaction fee
3%
Late payment fee
up to
$38
Return payment fee
up to
$35
Secured card details
Posting to credit bureau
No bank account needed
Secured deposit
$300
- $5,000
Credit Limit
Equal to deposit
Upgrade to unsecured
After 12 months
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