Accepted Credit Scores
Limited History, Bad Credit
PCB Secured Visa®
Editor’s Take
John Kiernan, Credit Card Editor
April 8, 2021
Review: PCB Secured Visa®
The PCB Secured Visa® is a moderately priced secured credit card that can help cardholders build credit, thanks to monthly reporting to all three major credit bureaus. The PCB Secured Visa Card also offers a wide range of potential deposit amounts: $200 to $1,000 the first year, up to $5,000 after. This gives people with a lot of cash on hand extra flexibility with their spending limit.
If you’re curious, the “PCB” in the PCB Secured Visa’s name stands for Plains Commerce Bank, which is the card’s issuer. And if you’re interested in learning more about the offer, you can find a handful of highlights below.
Some of the best secured credit cards reward users for every purchase they make. The PCB Secured Visa is not among them.
The PCB Visa Card’s APR is 18.9%, which is high compared to secured cards as well as the average credit card offer overall. On the bright side, you should try to pay a secured card’s bill in full every month anyway.
As a secured credit card, the PCB Secured Visa requires cardholders to place a refundable security deposit, the amount of which becomes their spending limit. You can deposit as little as $200 or as much as $1,000 the first year. After that, you can ask to increase your credit limit, up to a maximum of $5,000, but that will require a review of your credit and maybe an additional deposit.
As long as you pay the bill on time every month and use only a portion of your credit limit, the PCB Visa will report positive information to TransUnion, Equifax and Experian on a monthly basis. That, in turn, will help your credit score. You can track your progress on WalletHub for free with daily credit report and credit score updates.
If you’re curious, the “PCB” in the PCB Secured Visa’s name stands for Plains Commerce Bank, which is the card’s issuer. And if you’re interested in learning more about the offer, you can find a handful of highlights below.
PCB Secured Visa® Review Highlights
$39 annual fee
The PCB Secured Visa is more expensive than the average credit card, which has an annual fee of just $18.3. There are also several secured credit cards with no annual fee available right now.
No rewards
Some of the best secured credit cards reward users for every purchase they make. The PCB Secured Visa is not among them.
Above-average interest rate
The PCB Visa Card’s APR is 18.9%, which is high compared to secured cards as well as the average credit card offer overall. On the bright side, you should try to pay a secured card’s bill in full every month anyway.
$200 - $5,000 limit/deposit
As a secured credit card, the PCB Secured Visa requires cardholders to place a refundable security deposit, the amount of which becomes their spending limit. You can deposit as little as $200 or as much as $1,000 the first year. After that, you can ask to increase your credit limit, up to a maximum of $5,000, but that will require a review of your credit and maybe an additional deposit.
Monthly credit bureau reporting
As long as you pay the bill on time every month and use only a portion of your credit limit, the PCB Visa will report positive information to TransUnion, Equifax and Experian on a monthly basis. That, in turn, will help your credit score. You can track your progress on WalletHub for free with daily credit report and credit score updates.
This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
April 8, 2021
PCB Secured Visa®'s Key APRs & Fees
| ONE-TIME FEES
|
|---|
| None |
| ANNUAL FEE
|
| $39 |
| MONTHLY FEE
|
| None |
| REGULAR RATE
|
|---|
| 18.9% |
| GRACE PERIOD
|
| 25 days |
PCB Secured Visa®'s Highlights
| Upon credit approval, the collateral deposit you provide becomes the credit limit on your Visa® card. Choose between $200 and $1,000. |
| After the first year, you can request to increase the credit limit up to a maximum of $5,000 (subject to credit approval and additional collateral deposits). |
| This card is perfect for people new to credit as well as people looking to rebuild their credit |
| Reports monthly to all three major credit bureaus |
| Build or rebuild your credit by keeping your balances low and paying all creditors on time every month. |
| 24/7 online account center. |
| A minimum collateral deposit of $200 is required to open this account. |
| This card is issued by Plains Commerce Bank pursuant to a license from Visa U.S.A., Inc. |
| See all terms here |
PCB Secured Visa®'s Additional Info
| MAX LATE FEE
|
$40 |
|---|---|
| MAX OVERLIMIT FEE
|
None |
| MAX PENALTY APR
|
None |
| FOREIGN TRANSACTION FEE
|
1% |
| SMART CHIP
|
No |
-
CASH ADVANCE APR
20.90%
-
CASH ADVANCE FEE
$0 first year; $5.00 or 5.00% after that
- Last updated on 4/8/2021
at Plains Commerce Bank's secure site
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Customer Questions and Answers
Don't see what you're looking for? Submit your question about PCB Secured Visa® to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
Does the PCB Secured Visa card do a hard pull? Reply 2
Lisa Cahill
@lisacahill
Yes, the PCB Secured Visa® card does a hard pull on your credit report when you apply for it. This might hurt your credit score for a short period of time.
There’s no way to see if you pre-qualify, but you can get approved even with bad credit.
2
Upvotes
Can I use my PCB Secured Visa card anywhere? Reply 2
Evelyn Boros
@evelyn_boros
Yes, you can use your PCB Secured Visa® card anywhere Visa is accepted, which is almost any place they take credit cards. Be aware, though, that using it internationally will cost you. This card has a foreign transaction fee of up to 1%.
2
Upvotes
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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.
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Last updated on: Apr 8th, 2021 at 17:59 ET
Related Credit Cards
If you are interested in the PCB Secured Visa®, check out the following credit cards as well:
Related Credit Card Categories
PCB Secured Visa® 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 the issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Apr 8th, 2021 at 17:59 ET