How much cash back can I get on my card?
3
UpvotesReply
thom Fotenberg
None, there's no cashback on this card.
U.S. Bank Secured Visa® Card Reviews: Is It Worth It? (2023)Reviews, rates, fees, and customer service info for The U.S. Bank Secured Visa® Card. Compare to other cards and apply online in secondsJohn Kiernan
WalletHubNo membership feesQualify with bad creditHigh regular APRForeign feeRequires security deposit
WalletHubNo membership feesQualify with bad creditHigh regular APRForeign feeRequires security depositU.S. Bank Secured Visa® Card
U.S. Bank Secured Visa® Card
Info about U.S. Bank Secured Visa® Card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
APRReviewsQ&AContactAPRWalletHub ReviewQ&ACustomer Reviews
Accepted Credit Scores
Accepted Credit Scores
Bad Credit
Minimum Security Deposit
$300
Fees
One-Time Fees$0
Annual Fee$0
Monthly Fee$0
APR on Purchases
28.99% (V)
WalletHub Review
U.S. Bank Secured Visa® Card Pros & Cons
No membership fees
Qualify with bad credit
High regular APR
Foreign fee
Requires security deposit
U.S. Bank Secured Visa® Card's Additional Info
| cash advance fee | 5% (min $10) |
| cash advance APR | 29.99% (V) |
| foreign transaction fee | 3% |
| smart chip | Yes, chip-and-signature |
| max late fee | $41 |
| max overlimit fee | $0 |
| max penalty APR | None |
Credit limit based on your deposit, from $300 to $5,000.
If your application is approved, the issuer will send you a credit card with a credit line the same amount as your deposit.
The deposit is used to open a U.S. Bank secured savings account to ensure your card can be paid. The account is FDIC-insured, earns interest and won't be touched as long as your account remains open and in good standing.
Pay on time and avoid late fees by selecting an automatic payment option that best suits your budget.
You will have an option to pick your credit card due date. Not all payment due dates may be available.
Questions & Answers
Can't find what you are looking for? Submit your question about U.S. Bank Secured Visa® Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
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Can I get the U.S. Bank Secured Credit Card with a co-signer?
2
UpvotesReply
Maria Adams
No, you cannot get the U.S. Bank Secured Visa® Card with a co-signer. However, if you apply and get denied, the issuer might offer you the opportunity to re-apply with a co-signer.
If you cannot qualify for a credit card on your own, consider becoming an authorized user on someone else's account. This can...
Does U.S. Bank Secured card report as secured on my credit report?
2
UpvotesReply
Evelyn Boros
Yes, the U.S. Bank Secured Visa® Card does report as secured on your credit report.
But regardless of how the card reports, it can help you build credit as long as you use it responsibly. Just make sure to always pay your bills on time, and stay well below your credit limit.
How long does it take to get approved for the U.S. Bank Secured credit card?
2
UpvotesReply
Benjamin Hoffman
You can get instantly approved for the U.S. Bank Secured Visa® Card, if you apply online. In case you would like to fill out an application in person, you will receive a decision in 2 business days.
If it's been more than 2 business days and you haven't...
How do you get a U.S. Bank Secured deposit refund?
2
UpvotesReply
Luz Mason
You can get a U.S. Bank Secured deposit refund when you close your account or if you choose to upgrade to an unsecured card.
If you're interested in getting your deposit back after closing your account, remember that it can take up to 2 billing cycles plus 10 days...
When does the U.S. Bank Secured card report to the credit bureaus?
2
UpvotesReply
Harold Rasmussen
The U.S. Bank Secured card reports to the three major credit bureaus TransUnion, Experian and Equifax on the last day of each month.
It usually takes somewhere between a few hours and several days for the bureaus to show the updated information.
How long does it take to get the US Bank Secured card?
2
UpvotesReply
Jamie Thompson
If your application has been approved, you should have received your US Bank secured card in the mail within 10 days.
If it's way past this timespan, you should call U.S. Bank customer service at 800-285-8585 to investigate.
How do I increase my U.S. Bank Secured credit limit?
1
UpvoteReply
Mike Daniels
You can increase your U.S. Bank secured credit card limit if you ask them, up to a maximum of $5,000. You can also increase your card's limit by depositing money into your linked U.S. Bank savings account, but only in increments of $100 up to a maximum of $5,000.
Can I get approved for the US Bank Secured card after bankruptcy?
1
UpvoteReply
Dave Turnbull
Getting a US Bank Secured credit card with a bankruptcy can be tricky. If the bankruptcy is discharged, then you should still be able to get approved for it. If you've got it pending (like Chapter 13), then you might have trouble getting approved for it, or just any card...
When can I expect to receive this card?
1
UpvoteReply
WalletHub
If your application has been approved, you should have received your card in the mail within 10 days. If it's way past this timespan, you should call U.S. Bank customer service at 800-285-8585 to investigate.
Compare The U.S. Bank Secured Visa® Card
Purchase Intro APRNot Offered
Purchase Intro APRNot Offered
Purchase Intro APRNot Offered
Transfer Intro APRNot Offered
Transfer Intro APRNot Offered
Transfer Intro APRNot Offered
Regular APR28.99% (V)
Regular APR29.99% (V)
Regular APR9.99%
Rewards RateNone
Rewards RateNone
Rewards RateNone
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U.S. Bank Secured Visa® Card Reviews
Share your insights and review the U.S. Bank Secured Visa® Card
3.6
301 reviews
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2 Star Rating
I like the car because it help me build credit and they gave me a card we're not too many other companies would.
however I did end up getting approved for a Capital One Secured card.
And a discover secured card. Without asking or requesting a unsecured card or credit increase Capital One increase my credit from $300 to $600 just for being a good customer with good payment history although I did not receive my security deposit back yet I am happy for the credit increase that was shocking for a secured card I didn't know they did that.
I have not reached my 12 months with them yet but I will see what happens when that time comes.
With my Discover card I just reach my 8 month I received a congratulations letter and a week later I receive my security deposit back.
I officially now have an unsecured card with discover too happy now in 2 weeks I will have been with US Bank for one year and when contacting US Bank to ask about the unsecured card i was told I would have to apply for a new card in order to receive a unsecured card and see if I qualify and they do a hard pull so I think this is one downfall for this card. the mere fact that i have to reapply and pull my credit instead of simply returning my security deposit after 12 consecutive months excellent payment and converting my secured into a unsecured hard had to do the whole thing as if I'm applying for a new card and that I do not like so if I had to recommend any security cards I honestly would recommend Capital One and discover before I recommend u.s. Bank they understand the value of great customers taking care of their cards and they understand the value of customers not wanting to have too many hard pulls on your credit report and they reward you in the end for being a great customer as for US Bank they do not
however I did end up getting approved for a Capital One Secured card.
And a discover secured card. Without asking or requesting a unsecured card or credit increase Capital One increase my credit from $300 to $600 just for being a good customer with good payment history although I did not receive my security deposit back yet I am happy for the credit increase that was shocking for a secured card I didn't know they did that.
I have not reached my 12 months with them yet but I will see what happens when that time comes.
With my Discover card I just reach my 8 month I received a congratulations letter and a week later I receive my security deposit back.
I officially now have an unsecured card with discover too happy now in 2 weeks I will have been with US Bank for one year and when contacting US Bank to ask about the unsecured card i was told I would have to apply for a new card in order to receive a unsecured card and see if I qualify and they do a hard pull so I think this is one downfall for this card. the mere fact that i have to reapply and pull my credit instead of simply returning my security deposit after 12 consecutive months excellent payment and converting my secured into a unsecured hard had to do the whole thing as if I'm applying for a new card and that I do not like so if I had to recommend any security cards I honestly would recommend Capital One and discover before I recommend u.s. Bank they understand the value of great customers taking care of their cards and they understand the value of customers not wanting to have too many hard pulls on your credit report and they reward you in the end for being a great customer as for US Bank they do not
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4 Star Rating
I've had this card for about 4 months now and couldn't be happier. I had a rough start as far as my credit goes and have seen some improvements to my credit score since I've been using the card. The interest is very low compared to other cards and I like the option to take out a cash advance! I was also late one month on paying my bill and wasn't overwhelmed by a big service fee. It has helped me in emergencies twice so far and I look forward to using this card more and more.
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4 Star Rating
The US Bank Secured Visa Credit Card is a good card for people with bad credit or as a first credit card. The only real negative thing about it is that it has a higher minimum deposit than others credit cards in its class at $300, and the annual fee is also a little more than others at $35. But one of the benefits about this card that others don't offer is that it pays you interest on the deposit, and it approved me within minutes of applying, which was extremely helpful. Another great benefit is that it has no monthly fee, and the customer support is fantastic. I definitely recommend this to most people who want a beginner card or to simply improve credit scores.
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4 Star Rating
The US Bank Secured Visa Card is not a bad card for those who need to build or re-establish their credit. I think the annual fee is slightly higher than other cards in this class. I find that the interest rate is about average. The Capital One Secured MasterCard has a lower annual fee at $29 but the interest rate of 22.9% is higher than the 20.99% on the US Bank card. I like that there are no monthly fees incurred with this card but I don't like that the minimum deposit is higher ($300) than other cards which only require a $200 deposit. Over all, it is not bad.
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4 Star Rating
The US Bank Secured Credit Card is almost near perfect for those of us with less than perfect credit. It has many advantages like your credit history will not be checked in order to get the card, all you have to do is pay the deposit of 300. Another advantage this card has over other secured cards is it allows you to add more money over time to higher your credit limit all the way up to 2,000. One of the best features is there is no monthly fee like many other credit cards, simply pay 35.00 a year and your golden.
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4 Star Rating
The US Bank Secured Visa Credit Card seems like a good starting card for people with no credit or bad credit. The one thing I do not like is that the annual fee is rather high for an introductory card. The deposit is also $300 whereareas it is usually $200 on newcomer cards like this one It's rates are pretty good considering it is a new comer card. FDIC insured is an A+ in my book! Overall I greatly like the benefits of the card. The interest rates are attractive, as well as the actual design of the card. It is a great card when first starting out!
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4 Star Rating
The US Bank Secured Visa® Credit Card is a viable option for all of those out there with bad credit who are looking to build it a little bit. While the interest rates may be a bit higher than what you may hope for, for a secured card they are not outrageous. There are no monthly fees or one-time fees with US Bank Secured Visa® Credit Card, so that is a nice thing to have as someone with bad credit. Also, the basic fraud protection is about what you would expect with any Visa card. Overall a decent secured card for those who have to go down that road.
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5 Star Rating
This card is a great starter card for people that aren't really interested in rewards points. It helps build credit and can be very useful by not having to carry cash. The interest rate is standard and only requires a small deposit. The great part of it was that US Bank actually paid me interest on that deposit, which many other cars don't do. I was approved for the card within 5 minutes, and the customer service representatives were very helpful and straight-forward about the terms of the card. I have yet to experience a problem with this card and wouldn't hesitate to recommend it to a friend or family member.
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3 Star Rating
I received my US Bank secured Visa card around the same time as my Capital One secured Mastercard and while most of the fees and benefits are the same between the two cards, US Bank was a little more stringent about the initial deposit necessary to open an account with them. Unlike Capital One's Mastercard, which can be started with a small $49 deposit, US Bank requires $300 minimally.
US Bank does pay a small amount of interest on your deposit with them, but the goal with any of the pre-paid and secured credit cards is not to hold them for a long period of time, rather, you want to use them to rebuild your credit and establish a good reputation with the cardholder as soon as possible.
US Bank excelled at keeping tabs on my account and within nine months, I was offered an unsecured Visa through them. My interest rate to start on that card was quite high, only a couple of points less than what had been the going rate on my secured card with them, but they did perform regular credit reviews as promised and that card is now one of my lowest interest cards.
Customer service has been above average, but I think I actually received more personalized and faster service when I was carrying their secured card than I do now. Contacting customer service involves the typical listening to the robotic voice explain all of the menu choices and then pressing a series of numbers until you finally connect with a human, but once you make it that far, the representatives are quick to address any issues and are extremely polite.
Regular reporting to the big three credit reporting agencies make this low-annual fee card a great deal for anyone trying to build or repair their credit record.
US Bank does pay a small amount of interest on your deposit with them, but the goal with any of the pre-paid and secured credit cards is not to hold them for a long period of time, rather, you want to use them to rebuild your credit and establish a good reputation with the cardholder as soon as possible.
US Bank excelled at keeping tabs on my account and within nine months, I was offered an unsecured Visa through them. My interest rate to start on that card was quite high, only a couple of points less than what had been the going rate on my secured card with them, but they did perform regular credit reviews as promised and that card is now one of my lowest interest cards.
Customer service has been above average, but I think I actually received more personalized and faster service when I was carrying their secured card than I do now. Contacting customer service involves the typical listening to the robotic voice explain all of the menu choices and then pressing a series of numbers until you finally connect with a human, but once you make it that far, the representatives are quick to address any issues and are extremely polite.
Regular reporting to the big three credit reporting agencies make this low-annual fee card a great deal for anyone trying to build or repair their credit record.
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Offer last updated: May 31st, 2023 at 12:12 ET
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PURCHASE INTRO APR
Not Offered
TRANSFER INTRO APR
Not Offered
REGULAR APR
29.99% (V)
ANNUAL FEE
$0
REWARDS RATE
None
BONUS OFFER
None
MINIMUM CREDIT