While many secured credit cards have the potential to become unsecured after you make a certain number of on-time monthly payments, the Primor Secured Visa Gold Card is not one of them. Your spending limit equals the amount of your refundable security deposit, which you can add to in $50 increments up to a maximum of $5,000.
The fact that the Primor Gold Visa does not become unsecured isn’t too big of a loss, however. By the time you are able to qualify for an unsecured credit card, you will likely be eligible for better terms than the Primor Visa provides. In particular, you should be able to get approved for an unsecured card with a lower annual fee.
You can track your credit-improvement progress and determine when you’re ready for an unsecured upgrade by signing up for a free WalletHub account: https://wallethub.com/join/. WalletHub is the first and only site to offer free credit scores and reports that are updated on a daily basis. We’ll also give you customized credit-improvement advice and credit-card recommendations.
You can only get the security deposit back when you close your account, minus any unpaid balance. You can learn more about how secured credit cards work here: https://wallethub.com/credit-cards/secured/. You can also track your credit improvement for free on WalletHub, to see when you’ll be able to graduate to an unsecured card.
Hi, Unfortunately we're unable to assist with your Green Dot Platinum Visa card concerns. Please contact our Platinum Support Team at 866-291-0818 or visit our website at www.greendot.com/platinum for further assistance.
Green Dot Corporation
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.