+ 100% FREE
+ Unlimited Credit Reports
+ Unlimited Credit Scores
+ Credit Monitoring Protection
+ Credit Improvement Tips
+ Automatically Finds Savings
No credit card needed
I had applied for this card originally because I didn't have a very good credit rating and was unable to qualify for an unsecured credit card. It is simple to use because all you need to do is secure the card with a minimum of $200.00 and that becomes your "credit limit." You can also secure the card with a higher amount if you wish to do so. The nice thing about it is that you can't put yourself further in debt because the card won't allow you to charge above the amount that the card was secured with. So, let's say you get behind for some reason and can't pay the bill. The $200.00 that was put on there originally will cover you if this ever happens. Also, there are no monthly fees and the maximum you will ever pay for being late is $19.00. Well worth it if you need to build your credit rating.
Bremer Bank is relatively new to our area. I have been banking with them for a year without any issues. The one complaint that I do have is their overdraft fee is a bit expensive. They don't have any minimum balance requirements and they don't charge small fees for scrupulous services, such as paper statements, so they make up for it there. Well worth banking with!
Kasson State Bank has been my bank for 12 years. I opened my first savings account with them and still have it open. The staff are always welcoming and friendly. They are happy to give the kids a sucker every time we come in too, which is something the kids look forward to. They are very fair with their fees and offer a variety of options when it comes to opening a savings or checking account. I had an issue with fraud on my account and they were happy to help me resolve it, which they did successfully.
My overall experience with this card is good. I would like to start by saying that the regular rate is a bit high at 9.9%. But not having to pay a monthly fee on this account is definitely a plus. Other secured credit cards that I was looking to get had monthly fees or account maintenance fees. Also most other cards of this type charge a one time fee of usually around $ 29.95 to set up card activation, which the Primor Visa Gold does not do. I will continue using this card to improve my credit rating.