Specifics

• Introductory Rate: No Introductory Rate Available
• Applied Towards: None
• APR (Purchases)**: 19.5% The APR for purchases is based on the Prime Rate.
• APR (Cash Advances): 19.5% There is a minimum APR on cash advances. The APR for cash advances is based on the Prime Rate.
• Finance Configuration: Average Daily Balance (including new purchases)
• Annual Fee: $59
• Additional Cardholders: n/a
• Grace Period: None
• Minimum Credit Limit: $300
• Maximum Credit Limit: up to $5,000**
• Late Payment Fee: $20
• Over-The-Limit Fee: $20
• Cash Advance Fee: 2%, $1 minimum, $20 maximum
• Balance Transfer Fee: n/app

Reward Program Details

• Points per Dollar: n/app
• Additional Points: n/app
• Point Details: n/app
• Expiration: n/app (Account inactivity for more than 36 months could result in the forfeiture of some or all of the Cashback Bonus.)
• Yearly Limit: n/app

Review

Although the APR applied to purchases is above average for a secured card, this card does apply interest to the deposit amount required to secure the account, which is a nice benefit. In addition, the rates of return that are applied to the deposit are higher than what most secured cards have to offer. This card also has a no credit check and a no turndown policy. There is an annual fee of $59, which is slightly above average for a secured card, as well as a one time processing fee of $69.95 ($99.95 if the applicant would like to be issued both a Visa® and a MasterCard®). It is important to note that a major drawback to the card is that there is no grace period for purchases. This means that interest will be applied immediately to any charges made with the card. Last Modified Date: 9/18/2009 12:00:00 AM

Additional Perks

Access to the referral program to earn up to $50 per referral.
Up to $100,000 in travel accident insurance.
Emergency cash replacement.
Auto rental insurance.
Extended warranty for purchases.
Free companion airline ticket upon enrollment.
Free membership in www.
TheWorldsBestTravelClub.
com, which offers cardholders a $69 cash rebate on their first condo booking.
See website for additional benefits.
.

Important Notations

No credit check or turndowns. Reports to all three major credit bureaus. No employment verifications. The card is not available to residents of Puerto Rico, Guam and Canada. **The maximum credit and deposit limits of $10,000 are based on the applicant's approval for both the Visa® and the MasterCard®, otherwise the maximum credit and deposit limits are $5,000 per card. ***Application fee is $99.95 for either a Visa® or MasterCard® account OR $129.95 for both a Visa® and a MasterCard® account. See website for complete terms and conditions of card usage and application disclosure.

**See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.