Accepted Credit Score 
Bad Credit
LATAM Secured Credit Card
Minimum. Security Deposit:
$300
$300
By:
U.S. Bank
Info about the LATAM Secured Credit Card has been collected by WalletHub to help consumers better compare cards.
The financial institution did not provide the details.
LATAM Secured Credit Card's Rewards
- Get 5,000 Bonus points after you pay your annual fee or after first card use.
- Earn 1 point for every eligible net $1 you spend with no cap.
- 10% discount on first LATAM Airlines purchase (up to $500) 1 time per year.
- Refer a friend for one of the LATAM Visa Cards and get 5,000 bonus points. Terms Apply.
LATAM Secured Credit Card's Key APRs & Fees
| ONE-TIME FEES |
|---|
| None |
| ANNUAL FEE |
| $0 1st yr, $25 after |
| MONTHLY FEE |
| None |
| REGULAR RATE |
|---|
| 22.99% (V) |
| GRACE PERIOD |
| 24 days |
LATAM Secured Credit Card's Highlights
| Travel Benefits: $500,000 Travel Accident Insurance, Auto Rental Collision Damage Waiver and Warranty Manager Service. |
| If your application is approved, the issuer will send you a credit card with a credit line the same as your deposit. |
| The deposit is used to open a U.S. Bank Secured Savings account to ensure your card can be paid. The secured savings account is FDIC-insured, earns interest and won't be touched unless you are in default under the terms of your Cardmember Agreement. |
| When you've managed all of your credit obligations responsibly and consistently for 12 months, you may be able to move to an unsecured credit card. |
LATAM Secured Credit Card's Additional Info
| MAX LATE FEE |
$40 |
|---|---|
| MAX OVERLIMIT FEE |
None |
| MAX PENALTY APR |
None |
| FOREIGN TRANSACTION FEE |
3% |
| SMART CHIP |
Yes, chip-and-signature |
-
CASH ADVANCE APR
25.99% (V)
-
CASH ADVANCE FEE
5% (min $10)
- Last updated on 1/11/2021
at U.S. Bank's secure site
Related Credit Card Categories
LATAM Secured Credit Card is related to the following categories:
Customer Questions and Answers
Don't see what you're looking for? Submit your question about LATAM Secured Credit Card to our community.
How do I get a LATAM Secured Card credit limit increase? Reply 4
Peter Fox
@PeterFox
You can increase your LATAM Secured Card limit online by adding funds to your card, starting with a minimum of $100. The LATAM Visa Secured credit limit can be anywhere from $300 to $5,000.
When you close your account, you’ll receive a deposit refund plus interest.
4
Upvotes
When does the LATAM Secured card report to the credit bureaus? Reply 4
Virginia Long
@Virginia_Long_
The LATAM Secured credit card is reported to the credit bureaus on a monthly basis, but it can take up to 60 days for a new card to show up on your credit report.
4
Upvotes
What credit score is needed for the LATAM Secured Credit Card? Reply 2
David Freeman
@thegladiator_7
The LATAM Secured Credit Card was designed for people with bad credit, so unless you have a pending bankruptcy, you should get approved, no matter how bad your credit score is.
2
Upvotes
What airlines can I use my LATAM Secured card points with? Reply 1
Casey Cross
@caseycass11
LATAM Secured card points can be used with LAN Airlines and TAM Airlines. With its headquarters in Chile, the airline provides flights to destinations in South America, North America, the Caribbean, Polynesia, and many other locations.
Points expire after three years, so if you aren't planning on using the points during that time, you should instead consider a secured credit card with rewards you will actually use.
1
Upvote
LATAM Secured Credit Card Reviews
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Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Last updated on: January 11th, 2021 at 06:42
Related Credit Card Categories
LATAM Secured Credit Card is related to the following categories:
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers 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.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Jan 11th, 2021 at 06:42 ET