
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
finder.com’s rating: 3.9 / 5
★★★★★
$0
Annual fee
25.99%
Purchase APR (variable)
300
Recommended credit score
Product Name | U.S. Bank Secured Visa® Card |
---|---|
Card type | Visa |
Annual fee | $0 |
Purchase APR | 25.99% variable |
Balance transfer APR | 25.99% variable |
Balance transfer fee | $5 or 3% of the transaction, whichever is greater |
Cash advance rate | 25.99% variable |
Cash advance fee | $10 or 4% of the cash advance amount, whichever is greater |
Foreign transaction fee | 3% of the transaction value |
Interest free period | Up to 24 days |
Late payment fee | Up to $40 |
Returned payment fee | Up to $35 |
Additional cardholder fee | $0 |
Rates & fees | rates & fees |
Review by
Steven Dashiell is a credit cards writer at Finder. He's worked on 250 Finder articles and counting, helping readers embrace and maximize credit cards. Backed by nearly a decade of research and reporting experience, Steve's work can be seen on Debt.com, CreditCards.com and Lifehacker.
Among the variety of secured cards available for people looking to rebuild or establish their credit, the U.S. Bank Secured Visa® Card is a relatively straightforward option.
Like many secured cards, you can apply even with no prior credit history, though applying will cause U.S. Bank to run a credit check. You’ll also need to provide a security deposit to apply.
A credit score of 300 or higher increases the possibility of your application’s approval.
If you apply online, you’ll learn your card’s conditional approval almost immediately.
To apply for the U.S. Bank Secured Visa® Card you’ll need to provide the following information:
There’s no required credit score for applying for this card. However, U.S. Bank takes your credit score and financial history into account when determining your credit limit.
U.S. Bank has been accredited with the Better Business Bureau since 1970 and earns an overall A+ rating as of October 2020. Roughly 98% of its reviews are negative — and it has nearly 2,300 customer complaints. U.S. Bank customers in general complain of duplicitous customer service reps, issues disputing charges and inflexible company policies.
The company earns a Trustpilot score of 1.5 out of 5 as of October 2020. Many negative reviews cite unhelpful customer service and unethical activities.
If you choose this card, monitor your bank account carefully to stay on top of any unexplained fees or other abnormalities, and keep records and details of any calls you make to customer service.
The U.S. Bank Secured Visa® Card is for those who just want to establish or rebuild their credit in a straightforward fashion. But if you’re looking for a secured card with more perks or no annual fee, compare your options to find one that better suits your needs.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.