The Secured Sable ONE Credit Card interest rate is 13.24% Variable. This Sable Credit Card interest rate is variable, meaning it can change based on certain economic conditions.
The Sable Credit Card gives you a 21-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your Sable Credit Card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.
All Sable Credit Card card interest rates will be listed on your statement and on your online account summary.
The best low APR secured credit card is the Amazon Secured Credit Card because its regular APR of 10% is among the lowest rates available to people with bad credit. The Amazon Secured Credit Card has a $0 annual fee, and cardholders need to put down a security deposit of $100+.
Secured credit cards have both pros and cons, just like any other type of credit card, but the advantages of secured cards ultimately outweigh the disadvantages. Most importantly, secured credit cards are inexpensive, easy to get, and capable of helping you improve your credit score.
Pros and Cons of Secured Credit Cards
High approval odds, even with limited or bad credit
The benefits of a secured credit card include low fees and the opportunity to rebuild your credit no matter how bad it might be. The best secured cards have no annual fee and will accept people with credit scores in the 300-640 range, along with applicants who have no credit score at all. Secured cards also report account information to the major credit bureaus on a monthly basis and appear no different on credit reports than unsecured cards.
WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Amazon Secured Credit Card, NIH Federal Credit Union Platinum Secured Card, and Secured Sable ONE Credit Card
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