Green Dot Bank credit cards | finder.com

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Green Dot Bank secured credit cards

Apply with this provider for a relatively low purchase APR.

Updated

Fact checked
Green Dot Bank

Green Dot Bank is a secured-card provider known for its primor® products. Though it charges a higher annual fee than other providers, it offers relatively low purchase APRs.

Best of Green Dot credit cards

The Green Dot primor® Visa® Classic Secured Credit Card and Green Dot primor® Visa® Gold Secured Credit Card are the bank’s two best cards. One offers the bank’s lowest annual fee, while the other provides an excellent purchase APR.

How we selected our best cards

We compared the suite of cards offered by Green Dot Bank. Ultimately, we selected cards in two categories: one with the lowest annual fee and one with the lowest purchase APR. Other factors such as minimum deposit and payment-history reporting to credit bureaus were similar or identical between cards and did not weigh as heavily in our selections.

Compare secured credit cards

Name Product Filter values Minimum deposit required Purchase APR Annual fee Recommended minimum credit score
Citi® Secured Mastercard®
Starting at $200
22.49% variable
$0
New to credit
A no annual fee secured card for people who are new to credit or have limited credit history.
Self Visa® Credit Card
Starting at $100
21.74% variable
$25
300
Build your credit with a low minimum security deposit of $100 and no credit score required.
OpenSky® Secured Visa® Credit Card
Starting at $200
17.39% variable
$35
300
Apply for this card with no credit check if you're new to credit or have bad credit.
PCB Secured Visa®
Starting at $200
18.9% fixed
$39
300
Choose your initial deposit amount and credit limit from $200 to $1000. Rates & fees
OakStone Platinum Secured Mastercard®
Starting at $200
9.99% variable
$49
300
Build credit and enjoy an ultra-low APR on purchases of 9.99% variable with this secured credit card.
loading

Compare up to 4 providers

How to apply for a Green Dot card

To apply for a Green Dot card, you must be at least 18 years old. If you live in Alabama or Nebraska, you must be at least 19. If you live in Mississippi, you must be at least 21.

Apply for the card in four easy steps:

  1. Visit the Green Dot website.
  2. Complete the application with your name, address and other details.
  3. Fund your security deposit with a minimum of $200.
  4. Review your information and submit your application.

Typical card features and benefits of a Green Dot credit card

  • Secured card. All Green Dot credit cards are secured cards, meaning you must deposit a certain amount of money before you can use the card. Should you decide to close your account, Green Dot will return your deposit if you have no outstanding debt.
  • Low deposit amount. To use a Green Dot credit card, you can make a deposit as low as $200. However, try to deposit more if possible, so you can keep your utilization rate low.
  • No credit check. Green Dot won’t make a hard pull on your credit when you apply for any of the cards.
  • No minimum credit score required. Apply for a Green Dot card even with poor credit.
  • Reporting to the major credit bureaus. Your responsible spending and payments are reported to Experian, TransUnion and Equifax.

Green Dot rewards program

Green Dot credit cards don’t offer rewards. That’s typical for secured cards, which rarely offer points or cash back.

Many personal-finance experts recommend treating your secured card solely as a means to build credit. With consistent on-time payments, you’ll slowly increase your credit score. And a higher credit score will ultimately help you qualify for rewards cards that earn you points, miles and cash back on your spending.

What to watch out for

There are a few things to keep in mind if you decide to apply for a Green Dot secured card:

  • They don’t offer rewards. None of Green Dot’s secured credit cards offer any form of rewards. Rewards are rare on secured cards, but there are options available, especially if your credit isn’t too shabby.
  • Assorted fees. You’ll find annual fees on several Green Dot secured cards, ranging from $39 to $49 annually. These cards also carry foreign transaction fees.
  • Few perks. You won’t find much in the way of additional perks or benefits on these cards, even for the “Platinum” offering.

How does Green Dot keep my credit card information secure?

It’s not easy to find security information on Green Dot’s site. But SEC filings indicate that it encrypts sensitive data submitted through its forms and applications and over its app. It also says it implements necessary computer safeguards and keeps its files and buildings safe.

Full list of Green Dot credit cards

Bottom line

Green Dot’s secured cards offer a low purchase APR for an annual fee, helping you to steadily build your credit score with reporting to the major credit bureaus.

If you’d rather not pay a fee to improve your credit, find a secured card that better meets your needs.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

2 Responses

    Default Gravatar
    GarrettOctober 16, 2017

    It been two weeks and I didn’t receive my primor card I did everything online how long does it take

      Avatarfinder Customer Care
      AnndyOctober 17, 2017Staff

      Hi Garrett,

      Thanks for your question.

      You should be able to receive your personalized card within 7 business days after registration. Since it’s already two weeks past, you may have to contact Geen Dot directly to confirm the status of your card.

      Cheers,
      Anndy

Go to site