- Credit lines available from $200 to $5,000! Super Low Fixed 9.99% interest rate on purchases – with no penalty rate!
- No minimum credit score requirements! We invite all credit types to apply! No processing or application fees!
- Helps strengthen your credit with responsible card use. Reports to three national bureaus
- Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line.
- See additional Green Dot primor® Visa® Gold Secured Credit Card details
Reviewing The Green Dot primor Visa Gold Secured Credit Card
When you are struggling to build or establish your credit, obtaining a secured card that reports to the three national credit bureaus can be a helpful step, as long as you use the card wisely. This means making your payments on time every single month, as well as keeping below the credit limit. The Green Dot primor Visa Gold Secured Credit Card is a solid secured card that you will want to consider. The card is issued by Green Dot Bank.
Main Benefits Of The Green Dot primor Visa Gold Secured Credit Card
The Green Dot primor Visa Gold Secured Credit Card has one of the lowest APRs of any secured card: 9.99%. And that is a fixed rate.
Consumers who have struggled with their credit should have very few challenges getting approved for this card. The issuer does not require a credit history or a minimum credit score to become a cardholder.
There are no application or processing fees on the Green Dot primor Visa Gold Secured Credit Card. The application process is easy due to the online form, and consumers should hear whether they are approved very quickly.
The credit line you will receive will be determined by the amount of your security deposit. There is a minimum deposit of $200 and a maximum of $5,000. This security deposit is fully refundable once you close your account and pay off your balance in full.
All three major credit bureaus will be informed about your account activity on a monthly basis. Therefore, smart use of your account could help increase your credit profile. This can be especially helpful to people who are trying to start or re-establish credit.
You should have no trouble using the card anywhere in the United States since the card is backed by Visa.
Main Drawbacks Of The Green Dot primor Visa Gold Secured Credit Card
This card has two disadvantages: an annual fee and the inability for consumers to “graduate” to an unsecured card.
There are a handful of secured cards from major issuers that do not have an annual fee. So this card’s $49 annual fee is something to consider.
Proper use of a secured card over a period of time may lead to an upgrading of your credit profile. When that does take place, consumers may want to obtain an unsecured card, one without a security deposit. Green Dot Bank does not currently offer an unsecured credit card, so consumers cannot be upgraded within this bank.
Who The Green Dot primor Visa Gold Secured Credit Card Is Right For
Consumers who have gone through financial difficulties or who may be without any credit may want to consider The Green Dot primor Visa Gold Secured Credit Card. As long as you can put up a security deposit, you will have very few problems qualifying for the card. With the card reporting to all three major credit bureaus, cardholders could start to see their credit profile improve if the card is used properly. The interest rate is an attractive 9.99%. But you will have to pay a $49 annual fee for the card while there are other secured cards on the market without this fee.