US Bank Secured Credit Card Review
The US Bank is a bank that you can trust when you're trying to look for a secured card. What you're going to find in your search is that there are a lot of banks out there that are offering cards that help "rebuild" your credit. If you're looking into applying for a card, you may turn to the bank that you already bank with, which may be US Bank. If you're thinking about applying for this card, let's see what the card is all about.
Credit Check
Most major banks are going to check your credit. If you want a card that doesn't check your credit, you're going to want to work with another card such as the Public Savings Card and more. As long as you generally submit a deposit, you should be fine with your approval process.
Credit Limit
Your credlt limit is going to vary on your application. You will want to make sure that you read into the agreement before signing up. The nice thing about this card is that you're going to be able to gain interest on the money that is already sitting there. This bank account will also be FDIC insured.
Credit Reporting
As long as you're good with your credit, and your payments, this card is going to report to the credit bureaus. Over time, you may be able to cancel the card, and apply for a card that isn't going to be related to a "bad credit" based applicant.
Annual Fee
There is an annual fee with this card, and I would say that this card generally falls right in the middle. You're going to find that most cards out there are going to have fees. While some charge you a one time fee, many are going to charge an annual fee.
There are other features that this card has that you may be interested in. You're going to be able to pay your bills online, you will have zero liability, you will have worldwide acceptance since the card has a major logo. The card also gives you car rental discounts, 24/7 customer service and so much more!
