WalletHub Rating
3.5/5
U.S. Bank Secured Visa® Card has a rating of 3.5/5 according to our proprietary credit card rating system. This rating reflects how appealing U.S. Bank Secured Visa® Card's terms are compared to a pool of more than 1,500 credit card offers tracked by WalletHub. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Rebuild Damaged Credit by Paying in Full Each Month'. To break it down further, U.S. Bank Secured Visa® Card earned a score of 5.0/5 for Fees, 0.0/5 for Rewards, 3.3/5 for Cost, and 3.6/5 for User Reviews.Info about the 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.
WalletHub Rating Breakdown
User Reviews
3.6/5
321 reviewsRead and write reviews
Market Comparison
Market Comparison
3.5
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Rebuild Damaged Credit by Paying in Full Each Month” for this card.
Fees
5.0
Rewards
0.0
Cost
3.3
Other Features
3.3
3.5/5
Compared against 1,500+ credit cards
KEY TERMS
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
29.24% (V)
U.S. Bank Secured Visa® Card's Additional Info
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.
show more
Learn More
at U.S. Bank's secure site
U.S. Bank Secured Visa® Card Pros & Cons
No membership fees
Qualify with bad credit
High regular APR
Foreign fee
Requires security deposit
Compare The U.S. Bank Secured Visa® Card vs. Popular Alternatives
 U.S. Bank Secured Visa® Card |  Discover it® Secured Credit Card |  Capital One Platinum Secured Credit Card |
|---|---|---|
3.5WalletHub Rating WalletHub Rating 3.5 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. User Reviews 3.6 Market Comparison 3.5 fees: 5.0 rewards: 0.0 cost: 3.3 Other Features: 3.3 | 4.7WalletHub Rating WalletHub Rating 4.7 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.7 Market Comparison 4.8 fees: 5.0 rewards: 5.0 cost: 5.0 Other Features: 3.0 | 3.8WalletHub Rating WalletHub Rating 3.8 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.6 Market Comparison 3.6 fees: 5.0 rewards: 0.0 cost: 3.3 Other Features: 3.8 |
minimum deposit$300 | minimum deposit$200 | minimum deposit$49, $99 or $200 |
one time fees$0 | one time fees$0 | one time fees$0 |
annual fee$0 | annual fee$0 | annual fee$0 |
monthly fee$0 | monthly fee$0 | monthly fee$0 |
Regular APR29.24% (V) | Regular APR28.24% Variable | Regular APR29.99% (V) |
rewards rate | rewards rate | rewards rate |
Sponsored Apply Now | Sponsored Apply Now |
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 offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
Most Popular
1
Upvote
How do I check my U.S. Bank Secured Visa Card application status?
Reply
1
Chip Lupo, Credit Card Writer
@CLoop
Applicants can check their U.S. Bank Secured Visa® Card application status online or by phone at 1-877-625-5249. For both methods, you'll need to provide your online banking ID or name, date of birth and the last 4 digits of your Social Security Code so that U.S. Bank can match you to your application.
How to Check Your U.S. Bank Secured Visa® Card Application Status Online
- Go to the U.S. Bank application status page.
- Give your online banking ID or name, date of birth and the last 4 digits of your Social Security Code when prompted.
- View your U.S. Bank Secured Visa® Card application status: approved, denied, or pending.
Typically, you'll receive U.S. Bank's decision on your application within 7-10 business days. Many applicants are approved much sooner than that. If you haven't heard back within a reasonable time frame, you can always call customer service to ask about the delay.
You may not like what you learn when you check your application status. But those who get denied can still ask U.S. Bank to reconsider by calling (800) 947-1444.
6
Upvotes
What credit score do you need for the U.S. Bank Secured credit card?
Reply
6
4
Chip Lupo, Credit Card Writer
@CLoop
The U.S. Bank Secured Visa® Card is available to people with bad credit. That means people with credit scores below 640 have a shot at getting approved for the U.S. Bank Secured Visa® Card.
Secured cards are easier to get than unsecured cards because they require a deposit to open the account, which U.S. Bank will use as collateral to secure the account. The amount of your deposit will be your credit limit, in most cases. That said, though approval is likely,...
show more
2
Upvotes
How can I qualify for US Bank Secured card graduation?
Reply
2
thomas friedman, WalletHub Credit Card Analyst
@tom_friedman
You can receive a US Bank Secured Card graduation offer after you've had the card for at least 6 months, as long as your score is at least 650 and you have a perfect payment history.
1
1
6
Upvotes
How can I get a U.S. Bank Secured card cash advance?
Reply
6
2
Benny Joseph, WalletHub Analyst
@Benjy_1
You can get a U.S. Bank Secured credit card cash advance at pretty much any ATM. Before you go in, make sure you have a PIN. If you don't have a PIN, you can request one by calling customer service at 800-285-8585.
With that said, cash advances are quite costly. You will be charged a fee of 4% (min $10) as well as interest that immediately begins accruing at a rate of 25.49% (V)....
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3
5
Upvotes
How can I pay my U.S. Bank Secured credit card deposit?
Reply
5
1
Damon Brady
@damon_dearlyb24
You can pay your U.S. Bank Secured credit card deposit online, using your checking or savings account.
Alternatively, print an application and mail a cashier's check or money order. Personal checks are not accepted.
Your deposit must be in hundred-dollar increments. Minimum of $300, maximum of $5,000.
The deposit is used to open a U.S. Bank secured savings account to ensure your card balance can be paid. The savings account is FDIC-insured,...
show more
1
5
Upvotes
How do I cancel my U.S. Bank Secured Visa Card?
Reply
5
Sarah Bilkins, WalletHub Credit Card Analyst
@sarah.bilkins
You can cancel your U.S. Bank Secured Visa® Card by calling at (800) 285-8585. Depending on what your balance looks like, you'll also get your deposit back, or at least a part of it.
Please keep in mind that when you are canceling a credit card, your score will be affected.
4
Upvotes
Does the U.S. Bank Secured card do a hard pull?
Reply
4
1
Steven Mann
@steven_mann
Yes, the U.S. Bank Secured will do a hard pull. You can apply for it with bad credit though.
There is no way to get pre-approved for the U.S. Bank Secured.
A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people's scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can learn more about how to minimize...
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2
1
4
Upvotes
Does U.S. Bank Secured card offer rental car insurance?
Reply
4
Chip Lupo, Credit Card Writer
@CLoop
The U.S. Bank Secured Visa® Card does not offer rental car insurance. But there are other U.S. Bank cards that do have this benefit, which covers theft, damage, valid loss-of-use charges imposed and substantiated by the auto rental company, administrative fees and reasonable and customary towing charges, due to a covered theft or damage to the nearest qualified repair facility. Cardholders are covered up to the actual cash value of rental vehicles with an original manufacturer's suggested retail price...
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3
Upvotes
What's the starting US Bank Secured card credit limit?
Reply
3
Andrew Hawkins
@andrew_hawkins
Your US Bank Secured credit card credit limit will be equal to your security deposit. If you get deposit $700, and get approved, that's what your credit limit will be.
1
3
Upvotes
How much cash back can I get on my card?
Reply
3
1
thom Fotenberg, WalletHub Credit Card Analyst
@thom.f
None, there's no cashback on this card.
1
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U.S. Bank Secured Visa® Card is related to the following categories:
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U.S. Bank Secured Visa® Card Reviews
Share your insights and review for the U.S. Bank Secured Visa® Card
5
18%
4
52%
3
14%
2
8%
1
8%
3.6
321 reviews
321 reviews
What's Your Rating?
Most Recent
Eric Mendez
@Erico388
1 Star Rating
The Worse Banking Ever, i Got The Us Bank Secured Credit card for $5000 , for two years now they never graduate my account/upgrade to any other card.I’m always paying on Time and in full. Now ask for my deposit back which takes up to 60 days How Great.
Comment
1
ryan_knapp
@ryan_knapp
2 Star Rating
I think they rat you out. Had the card for about five months with $300 secured limit. I was notified a former landlord has garnished the card for a judgement (I had honestly forgotten about the eviction entirely). I can only assume US Bank notified my former landlord that they had some of my money ripe for the taking. Otherwise it was a good card. My credit score only went down two points when they closed the account so I'm not sweating it too much.
Comment
Bobbie
@bobbiehannan333
1 Star Rating
It is so hard to graduate to unsecured! After 1 year with perfect payments I was denied with 650 credit! If you need secured please do Discover! They even offer rewards!
Comment
Jay Alex
@nirvanaflux
4 Star Rating
$5000 deposit. So my credit limit is $5000. I kind of dislike the $750 cash advance limit, but overall its helping build personal credit and soon will graduate into an unsecured card with the deposit being returned. So far. So good.
Comment
Dylansimms199
@Dylansimms199
Can you withdrawl more the following day though?
Comment
neimanyes1
@neimanyes1
@Dylansimms199 The cash advance limit is the total cash advance limit, it's not a daily limit.
Comment
1
Cassondra
@cassondraking2
1 Star Rating
Horrible product, horrible customer service, horrible website and log in. Go somewhere else. They keep changing my address without my request and forwarding stuff to my ex husband whom it isn't even his card. Don't change my address unless I request it. Now I can't log in to my account because they have changed systems and its asking me to verify zip code....how am I supposed to friggin- do that when I don't know the address they have taken it upon themselves to forward my mail too. Been on hold 45mins, still no one has picked up.
.infuriating!!!! Go elsewhere!!
Comment
Aaron
@aaronw_49
3 Star Rating
The US Bank Secured Credit Card was definitely a big help at getting my credit back on track but no benefits of a increased limit or becoming unsecured.
Comment
_762055
@_762055
2 Star Rating
It is a good card if you don’t have any outstanding judgements against you. They froze my account and took all my money for paying what I owed. Goodbye 700$ I had no notifications beforehand. That was messed up.
Comment
Alex Wikstrom
@anderxale
1 Star Rating
This card helped build credit for sure... covid times right now though and so they closed my account without notification. Every month I call them to see if they are going to return my money and they give me a new date to expect my check. But every time I call they still haven't sent it.
I can't recommend this card unless you are ok with a lot of waiting (75 days so far) and hold time/call transfers to ask for your money back.
Comment
2
jasminebatiste
@jasminebatiste
1 Star Rating
Do NOT get this card. I had this card for 3 months with the maximum credit line and they closed it all because...
I paid the full balance with an out of state checking account.
They wanted me to submit my bank statement to prove I was the owner (which I did) and swore it was not closed, only blocked ( which is a lie because they reported it as "closed due to credit grantors request" to all 3 credit bureaus) I haven't had a transaction since July, yet they still have not returned my $5,000 security deposit! This card is more trouble than its worth. If you want to build credit with a secured card, you're better off with Discover It Secured Card or Navy Federal Credit Union's secured credit card.
Sincerely,
Still waiting for my ?
Comment
3
1
ankush_kumar
@ankush_kumar
1 Star Rating
This is a horrible card. When I want to close the account after paying full due amount they told me it will take up to 60 days to get your money back. US Bank is running a scam where they hold customers money for that long period even though they pay off full due amount. I would avoid this card at all cost. Also to close your account you have to write a letter or fax and there is no way you can close it by phone or via e-mail or by accessing your account online.
Comment
3
5
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* The information about the following cards has been independently collected by WalletHub: U.S. Bank Secured Visa® Card and U.S. Bank Altitude Reserve Visa Infinite® Card.
