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Self Visa® Credit Card review

Fund this secured card using a credit-builder loan.’s rating: 4 / 5


  • Get this card if you want to save consistently and if you have damaged credit.
  • Pick something else if you don’t need a savings component, and if you have no credit or fair credit.
  • Apply with any credit score.
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Annual fee


Purchase APR (variable)


Recommended credit score


Annual fee$25
Welcome offerN/A
Purchase APR26.24% variable
Balance transfer APRN/A
Minimum Credit Score300
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Review by

Kevin Joey Chen was a credit cards, banking and investments writer for Finder. His work and analysis have appeared on CNN, U.S. News & World Report,, Lifehacker and

Expert review

The Self Visa® Credit Card is a secured credit card with a $25 annual fee. It’s unique in that you must take out a credit-builder loan beforehand — called a Credit Builder Account — and make three on-time monthly payments. Then, use your savings progress in your loan to fund your card’s security deposit.

Before getting the card, consider if its unique structure will work for you. One factor to consider is whether you want to keep making payments into the Credit Builder Account for 12 to 24 months.

The minimum monthly payment is $25 to $150, and you’ll have to keep paying it for the life of your credit-builder loan. Otherwise, you’ll incur an early withdrawal fee.

How to apply for the Self Visa® Credit Card

  1. Select Apply now.
  2. Choose Start building credit.
  3. Enter your email address.
  4. Enter your name and create a password. Agree to Self’s terms and proceed to the application.
  5. Complete the application with details such as your address, mobile phone number, Social Security number and date of birth.

Eligibility requirements

To qualify for approval at Self, you must:

  • Be a US citizen or eligible permanent resident with a physical address in the country.
  • Be at least 18 years of age or older.
  • Have a debit card or bank account to fund your loan.
  • Have a Social Security number.

What credit score do I need?

Apply to Self with any credit score. You can also apply if you don’t yet have a credit score.

Should I get the Self Visa® Credit Card?

There are two reasons to get the Self card: If you want a system that forces you to save money, and if you have severely damaged credit that’s making it difficult to get approved for a card.

Consider Self if you need both the Credit Builder Account and a secured card — and you like the synergy between these products. Otherwise, there are other secured card options if you have extremely poor credit. The OpenSky® Secured Visa® Credit Card, for example, doesn’t require a credit check.

How Self works

  1. Open a Self account and pay the $9 administrative fee. Self’s bank partner will lend you funds to put into a certificate of deposit (CD), and you can’t access the money until the CD matures.
  2. Make your next three monthly payments on time.
  3. If you’ve accumulated at least $100 in savings and your account is in good standing, you’re eligible to open the Self Visa® Credit Card.
  4. Use your savings progress to secure your Self Visa® Credit Card.
  5. When you pay off your credit-builder loan, you’ll receive your principal back minus fees and interest.

Current Credit Builder Account plans

At the time of this writing, here are the Credit Builder Account plans Self offers:

Monthly paymentTermAdministrative feeInterest rateAPRFinance chargeTotal amount of paymentsAmount you receive at end of term
$2524 months$914.14%15.92%$89$600$520
$3524 months$914.70%15.97%$125$840$724
$4812 months$912.44%15.65%$46$576$539
$15012 months$914.87%15.91%$146$1,800$1,663

Self Visa® Credit Card benefits

  • You don’t need a credit score. This card can be a good choice if you have no credit history or if your credit is damaged. While approval is never guaranteed, Self’s approval requirements are quite lenient.
  • No hard inquiry. Most credit card issuers initiate a hard inquiry on your credit report when you apply for a card, which typically lowers your credit score. Self doesn’t. Instead, it may perform a soft inquiry, which won’t affect your credit score.
  • Fund your secured-card deposit with your credit-builder loan. As you make payments into your credit-builder account, use your savings progress for your secured-card deposit if you meet the requirements.

    Self Visa® Credit Card drawbacks

    • $25 annual fee. A $25 annual fee isn’t high for a secured card, but it can be an unwanted cost while you’re trying to build your credit. Several other great secured cards don’t charge annual fees at all.
    • You can open the card only if you sign up for a Credit Builder Account. Even then, you can’t open the secured card right away — you have to make a few on-time monthly payments first.
    • $9 administrative fee for the Credit Builder Account. It’s not particularly high compared to other credit-builder loans, but it’s still a cost to consider.
    • You’ll find lower APRs on credit-builder loans elsewhere. The APR hovers around 15% variable. Meanwhile, you can find credit-builder loans from some credit unions with APRs as low as 4% to 5% variable. This means you could end up paying more over the life of your loan.

    How to use your Credit Builder Account savings progress for your secured-card deposit

    Here are the requirements if you’d like to open a Self Visa® Credit Card:

    • You made the last three monthly payments for your Credit Builder Account on time.
    • You have savings progress of at least $100 in your Credit Builder Account.
    • Your account is in good standing — including no outstanding fees.

    Compare secured credit cards

    If this card isn’t right for you, compare other secured credit cards on the market. Consider factors such as annual fee, APR, security deposit requirements and any other perk the card might offer that would benefit you.

    1 - 3 of 10
    Name Product Filter values Minimum deposit required Purchase APR Annual fee Minimum Credit Score
    Capital One Platinum Secured Credit Card
    $49, $99 or $200
    28.49% 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
    28.49% variable
    No annual or hidden fees, and you can earn unlimited 1.5% cash back. See if you're approved in seconds.
    OpenSky® Secured Visa® Credit Card
    Starting at $200
    18.89% variable
    Apply for this card with no credit check if you're new to credit or have bad credit.

    Compare up to 4 providers

    Bottom line

    The Self Visa® Credit Card is unique in the way it manages to make a credit-builder loan and secured card work together. That said, apply with the company if you need both products. You may also have an extra incentive to apply if you have severely damaged credit, as the company doesn’t check your credit score. For other options, consider no-credit-check secured credit cards.

    Credit card ratings

    ★★★★★ — Excellent

    ★★★★★ — Good

    ★★★★★ — Average

    ★★★★★ — Subpar

    ★★★★★ — Poor

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