Review: primor® Secured Mastercard Classic Card – June 2017

If you have little or poor credit, this card is easy to apply for and could help you build a credit history.

The primor® Secured Mastercard Classic Card has easy-to-meet eligibility criteria — with no fees or credit check required.

Once you apply, Berkshire Bank will process your information to see if you qualify. All you have to do is open an FDIC–insured savings deposit account.

While there are no monthly fees, there is a $39 annual fee. Before opening the card, you will make a security deposit from $200 to $5,000 that will become your credit limit.

Product Nameprimor® Secured Mastercard Classic Card
APR for Purchases ( Purchase Rate )13.99% variable
Annual fee$39
Cash Advance Rate18.99% variable
Card TypeMasterCard
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Returned Payment Fee$29
Minimum Interest$1
Minimum IncomeAt least $100 higher than your monthly expenses
Minimum Age18 years of age
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
Annual fee$39
Returned Payment Fee$29
Late Payment Fee$29
Cash Advance Fee$5 or 5% of the transaction amount (whichever is more)
Additional Cardholder Fee$29


  • Easy application.
  • Allows you to build credit.
  • Fixed rates.
  • Guaranteed approval.


  • Fees.
  • High interest for cash advances.
  • Variable credit limit.

Product details

  • Maximum credit limit. Limit is equal to the amount of your deposit –– from $200 to $5,000. With Berkshire Bank’s approval, you can increase your credit limit by making additional $50 deposits.
  • Purchase APR. 13.99% variable fixed
  • Cash advance APR. 18.99% variable
  • Cash advance fee. $5 or 5% of the transaction amount (whichever is more)
  • Penalty APR. No penalty rate. You also get a 25-day grace period.
  • Annual fee. $39
  • Foreign transaction fee. 3% of each transaction in U.S. dollars.
  • Penalty fees. Up to $29 for late and returned payments and $10 for expedited phone payments
  • Minimum interest charge. $1
  • Additional card fee. $29
  • Replacement card fee. $29

What are the benefits of the primor Secured Mastercard Classic Card?

  • Easy application. It’s quick and easy to apply, with no fees or credit check.
  • Allows you to build credit. The card reports to all three nationwide credit bureaus, so you can build credit as you use the card.
  • Fixed rates. All interest rates are fixed with no penalty rate.
  • No minimum credit score. People with all credit types are welcome to apply.

What to watch out for

  • Fees. Expect a $39 annual fee, along with other fees for replacement or additional cards.
  • High interest for cash advances. APR for cash advances is 18.99% variable.
  • Variable credit limit. Depending on the amount of your account security deposit, you’ll end up with a $200 to $5,000 credit limit. You can increase your limit in $50 increments.

Am I even eligible?

  • Your monthly income must exceed your monthly expenses by $100.
  • You must be at least 18 years old (at least 19 in Nebraska and Alabama, and at least 21 in Mississippi).

What information do I need to apply?

You’ll need the following information to apply:

  • Your full name and contact information
  • Your email address
  • The length of time you’ve lived at your current address
  • An active checking account
  • Your birthdate and Social Security number
  • Proof of income
  • A deposit that will become your credit line

You may also need to provide government-issued ID, like a driver’s license.

How to apply for the primor Secured Mastercard Classic Card

  1. Go to the Berkshire Bank website and find the primor Secured Mastercard Classic Card landing page.
  2. Enter your personal and contact information through Step 1 at the right of the page. Once you’ve entered your information, go to Step 2.
  3. Enter your Social Security number, income and personal information.
  4. After you apply, Berkshire Bank will contact you with a decision.

I got the credit card! Now what?

Enjoy a low 9.99% interest rate on all purchases with your primor Secured Mastercard Gold Card. The card also reports to the three major credit bureaus to help you build credit.

  • How to avoid interest. To avoid interest charges, pay your minimum payments on time or your balance in full. If you make payments in increments, make at least the minimum payment by the due date each month. The payment due date will be on the same day every month.

If you’re looking to build your credit, the primor Secured Mastercard Classic Card could be a good solution for your situation. Just be sure to check out other similar credit cards.

Frequently asked questions

The application process does not a require a credit check. In fact, you can have bad, limited or no credit history. Regardless of your history, your APR is a fixed 13.99% variable.

The card does not offer a reward or cash-back program. Instead, it’s a simple card to help cardholders build credit.

Yes, you will need to open a personal savings deposit account to secure a credit line.

No, the card doesn’t allow for balance transfers.

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