We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias.
But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.
Green Dot Platinum Visa® Secured Credit Card review
Julia Cameron is a writer and editor who has experience in finance, mergers and acquisitions, content marketing and immigration law. She has a passion for interior design and an affinity for Old Florida, where she lives with her family.
The Green Dot Platinum Visa® Secured Credit Card is a secured credit card that comes with a fixed APR and a variety of balance payment options. You can apply with a poor credit score or with no credit history, and depending on your approved credit limit, you can deposit between $200 and $5,000. The maximum credit line is on the higher end, considering most secured cards have a limit between $1,000 and $2,000.
However, the card comes with a small annual fee, a small fee every time you pay your balance at select retailers and it has no rewards program. Despite that, if you can’t get any other secured card to build your credit, this card may be worth considering.
No credit check. Green Dot doesn’t make a hard pull on your credit when you apply for the card. This means you can apply with any credit score or with no credit history.
Reports to credit bureaus. Use your card responsibly and build your credit because Green Dot reports your card activity to the three major credit bureaus — Experian, Equifax and TransUnion.
Fixed APR. If you carry your balance, a fixed APR of 19.99% will apply for purchases and cash advances.
Multiple balance payment options. Aside from making online payments, you can pay your bill at thousands of participating retailers including Walgreens, 7-Eleven, Rite Aid and CVS.
Flexible deposits. Put down from $200 to $5,000 for a deposit, which then becomes your credit limit.
What to watch out for
Annual fee. You’ll need to pay a $39 annual fee to use the card.
Retailer payment fee. Despite not being a requirement, you may consider opening a checking account to avoid the $4.95 fee that comes with paying your bill at retailers.
No rewards or upgrades. This card offers no points or cashback rewards for your spending and won’t automatically upgrade you to an unsecured card as a reward for improved credit.
Deposit fees and limitations. It will cost you $4.95 to load deposits onto your card at participating retailers. Also, retailers have a maximum deposit limit of $500. You’ll have to mail a check for the difference if you get a higher credit limit approval.
Foreign transaction fee. Using this card abroad will cost you 3% of the amount of each transaction you make.
How to apply for the Green Dot Platinum Visa® Secured Credit Card
To apply for the card you need to:
Be at least 18 years old.
Have a valid Social Security number.
Have a verifiable physical US home address.
If you meet the eligibility criteria, here’s what to do next:
Submit your application.
How to activate the card
Your card is activated once you make your security deposit. You can make a deposit in any of the following ways:
Send a check or money order to Green Dot Platinum Visa® Secured Credit Card. Send your deposit at Green Dot Bank, P.O. Box 400, Provo UT 84603-0400.
Pay by direct deposit or bank transfer. You can make this payment online.
Pay at a Green Dot partner retail store. Put down your deposit at stores, including CVS and 7-Eleven to activate your card. This is the fastest way to get access to your funds; they’ll be available within 10 minutes after they are loaded.
What credit score do I need?
You won’t need a specific score or credit history to be approved for the Green Dot Platinum Visa® Secured Credit Card.
If you’re looking to build your credit, the Green Dot Platinum Visa® Secured Credit Card could be a decent option worth considering.
But if you don’t want to pay an annual fee or if you’re looking for some additional perks, compare other secured credit cards until you find the right card for your financial needs.
Frequently asked questions
Yes. You can withdraw cash with your Green Dot Platinum Visa® Secured Credit Card at any ATM. Keep in mind that these withdrawals are considered cash advances and come with a 5% fee and you start accruing interest from the moment you make the transaction.
Download the Green Dot — Mobile Banking app and you can check your balance there.
No. If you want your security deposit refunded, you must pay your balance in full and close your card account.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.