People's United Bank Credit Cards

No, People's United Bank doesn't offer any secured credit cards.

But if you'd like to apply for a secured credit card, you have plenty of other great options to choose from. You can check out our editor's latest picks for the best secured credit cards available right now. Some of these have very lenient approval requirements, and others will offer rewards for your purchases.

The People's United Bank Mastercard® Platinum Card's minimum payment is $30 or 1% of your balance plus any fees or interest, whichever is greater.

You must pay this amount monthly to keep your account in good standing. But in order to avoid being charged with interest, pay what you owe in full each month before your due date.

The starting credit limit for the People's United Bank Mastercard is determined based on a number of factors, like your credit score, credit history and annual income.

The credit limit for cards that require excellent credit for approval ranges between $5,000 and $10,000.

Even if you don't get a desired credit limit from the start, you'll have the chance to increase it in time, with responsible credit utilization.

Keep in mind, though, that when a credit limit increase is requested and not offered, it could result in a hard inquiry. This will affect your credit score for a short period of time.

To redeem your People's United Bank rewards, sign in to your account here.

Depending on which People's United credit card you have, your redemption options may include: statement credits, cash deposits to your bank account, gift cards, merchandise, and travel accommodations.

You can see which methods are available for your card here.