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Credit Builder Secured Visa® Credit Card review

Earn interest on your deposit while you build credit with this no-frills secured card.

For those who’ve recently served as members of the Armed Forces to civilians simply weighing their personal banking options, the Armed Forces Bank caters to customers from all walks of life.

Learn more about its Credit Builder Secured Visa® Credit Card that can help you build your credit with regular reporting to the three main credit bureaus and the opportunity to graduate to an unsecured option.

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Annual fee


Purchase APR (variable)


Recommended credit score


Annual fee$0
Annual fee conditions$4.50 quarterly fee charged to the Credit Builder Savings account if not enrolled in e.Statements
Welcome offerN/A
Purchase APR25.99% variable
Balance transfer APR25.99% variable
Minimum Credit Score300

Review by

Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

Expert review

The Credit Builder Secured Visa® Credit Card is a flexible, affordable way to build or rebuild your credit with the convenience of swiping for everyday purchases. It comes with adjustable credit limits, custom payment dates and automatic reporting to all three major credit bureaus — you could be on your way to positive credit in no time.

As secured cards go, the Credit Builder Secured Visa® Credit Card is about as bare bones as it gets. You won’t find rewards, signup bonuses or flashy features — but the fee schedule reflects that.

Add in a low annual fee, and this card’s a solid option for veterans and civilians alike. And with on-time payments, you might be eligible to graduate to an unsecured card with the bank.

How to apply for the Credit Builder Secured Visa® Credit Card

Get started with applying through Armed Forces Bank’s straightforward site.

  1. Go to the provider's site and select Apply now.
  2. Complete the application with your personal contact, housing and financial information. Add any authorized users, and then supply your deposit information, including your bank account details. Click Continue.
  3. Proceed through the application, confirming the information you’ve entered. Carefully read the terms and conditions of the card, and then submit your application. You’ll receive confirmation of your approval status after submitting your application.

How long will it take to be approved?

This card doesn’t require a minimum credit score, so approval is likely. Approvals typically take four to five business days, then it could be another two weeks before you receive your card. However, you can pay an $35 for expedited processing and delivery.

Credit Builder Secured Visa® Credit Card benefits

  • Custom credit line. You can set your credit limit by adding funds in increments of $50 to your savings account.
  • Accrue interest on savings. You’ll earn interest in your security deposit.
  • No annual fee. You’ll pay $0 to use the card.

Credit Builder Secured Visa® Credit Card drawbacks

  • No rewards program. They’re primarily designed to help you build credit, but a few secured cards offer rewards as an incentive. This one doesn’t.
  • High APR. Compared with other secured credit cards, this one’s APR is pretty high. However, you can cut the APR in half if you already hold an account with the bank.
  • Annoying fees. Unless you enroll in the bank’s e-statements, you’ll pay a $4.50 quarterly fee. You’ll also pay $5 for each $50 increase in your credit limit.

I got the card. Now what?

Now that you’re approved, it’s time to take advantage of your card.

Here’s how to get the most out of your new Secured Visa with First National Bank:

  • Activate your card.
    Once it arrives, activate your card through your online account or by setting one up to fund your card deposit.
  • Make timely payments.
    Pay online or by mail, and avoid interest on your purchases by paying your balance in full.
  • Set up autopay.
    Avoid unnecessary fees and interest by setting up automatic withdrawals for your monthly payments.
  • Set up e-statements.
    Avoid a $4.50 quarterly fee by opting for electronic statements immediately.
  • Customer service.
    Support is available by phone or secure email through your online account.
  • Graduate to an unsecured card.
    With responsible payments, you might be eligible for an upgrade to the bank’s unsecured cards.

Compare secured credit cards

If this card isn’t right for you, compare other secured credit cards on the market. Consider factors such as fees and how well the card can help you build credit.

1 - 3 of 12
Name Product Filter values Minimum deposit required Purchase APR Annual fee Minimum Credit Score
Capital One Platinum Secured Credit Card
$49, $99 or $200
26.99% variable
New to credit
A no-annual-fee secured card that separates itself from the pack with a $200 credit limit after making a more affordable than average deposit of $49, $99 or $200.
Capital One Quicksilver Secured Cash Rewards Credit Card
Starting at $200
26.99% variable
No annual or hidden fees, and you can earn unlimited 1.5% cash back. See if you're approved in seconds.
Sable ONE Secured Credit Card
11.74% variable
New to credit
Build credit while earning cash back and get unsecured in as fast as four months.

Compare up to 4 providers

Credit Builder Secured Visa® Credit Card reviews and complaints

Curiously, First National Bank isn’t rated on Trustpilot. But the bank is accredited by the Better Business Bureau (BBB) since 2014 with an A+ rating.

Despite the great rating, you’ll find a handful of reviews and complaints with BBB. Most reviews report issues with undisclosed fees and frustrations in reversing them. Others mention trouble communicating with customer service agents and overly complicated interactions.

Reviews on other sites talk about extra charges, even in instances where accounts were supposed to have closed months ago. Despite frustrations, many users report positive experiences with customer service and praise the bank for helpful and friendly service.

Bottom line

The Credit Builder Secured Visa® Credit Card is a solid option for those looking to build a positive credit history on a limited budget. Despite its $0 annual fee, the card offers low fees and a surprisingly low APR, if you open an associated bank account. Flexible credit limits, custom payment dates and no transaction fees make it an everyday card that can help build your credit. And if you play your cards right, you just might graduate to an unsecured card.

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