Recover from bankruptcy with the most accessible secured credit card. This offer has no credit check, low APR and reasonable annual fee.
How to use the card
To use the primor® Secured Visa Gold Card, you need to back it first with a $200-$5,000 deposit. Decide on the amount and transfer it from your bank account to a newly opened savings account with First Choice Bank. Don’t hesitate to start even with $200 since you can make additional deposits in $50 increments later. Whatever your deposit is, it is equal to your credit line.
This secured credit card has a $49 annual fee and a fixed APR of 10.49%. Alternatively, First Choice Bank offers another version of this card with a lower annual fee and higher APR.
These variations are supposed to suit various types of consumer behavior. A lower APR may seem more attractive to those who regularly carry a balance. And vice versa, a lower annual fee is perfect for those who always make payments in full. However, keep in mind that this card is designed for credit rebuilding.
So make it your preference to manage this card wisely:
- Make all payments on time. This is crucial for a sound credit history.
- Never use the whole credit limit available – only up to a third of it. This will keep your credit utilisation rate at a healthy level.
First Choice Bank regularly reports your payments activities to the national credit bureaus. It depends on you whether these reports make positive or negative contribution to your credit history.
This is a no credit check offer, so you may qualify for this card with any credit history and credit score, or even with none at all. First Choice Bank guarantees approval for this card if your monthly income is at least $100 higher than your typical monthly expenses such as rent or mortgage, food, transportation, utilities, taxes etc.
How much it costs
The primor® Secured Visa Gold Card has a $49 annual fee. The alternative version of the card has a lower annual fee of $39. Note that annual fees are posted to your account as purchases. While any other fees, like a late payment fee or a foreign transaction fee, are posted as cash advances. Interest rates are applied respectively.
The bottom line
If you’ve just faced bankruptcy and are looking for credit rebuilding opportunities, the primor® Secured Visa Gold Card is your option. Start improving your credit score right away with the best secured credit cards!