The American Savings Bank Student Secured Visa Card is a unique secured credit card offered by the American Savings Bank specially designed for full-time undergraduate or graduate students who are at least 18 years old. The card offers many benefits that are even rare to a traditional credit card. So if you are a student who are on your way to building your credit, you might consider applying for this card.
if your have American Savings Bank Student Secured Visa Card.you won’t need to carry a lot of money,or dip into personal savings for extra expenses. It’s just like a regular Visa card, except that your line of credit is secured by funds held in a Statement Savings account at American Savings Bank.
The following are some of the major features of this card:
It is accepted worldwide wherever you can see a Visa logo for purchases or cash advances.
No annual fee.it’s a wonderful benefit.all most secured credit card have $19-$99 annual fee.
It offers a fixed interest rate even though the exact APR rate and other interest rates are not published online yet. If you are interested, you may call the American Savings Bank customer service department to get a current list of rates.
Security deposit: The security deposit must be 10% more than the credit limit considering that the majority of the cardholders are college students who are not totally financially independent. For example, if you want your credit line to be $1000, you must put down $1,100 for security’s sake.
Unlike other secured credit cards which are stingy about rewards, the American Savings Bank Student Secured Visa Card bear a lot of benefits, including gift certificates, travel packages and a car rental insurance up to $200,000.
In addition,students will receive free access to the online credit card account, free e-statements, 0 liablility for unauthorized purchases.
Other Benefit
Fixed interest rate
Monthly Payments
Flexible payment schedule: pay minimum due, statement balance, current balance or other amount
May be made automatically as one-time or recurring payment through online banking
Visa’s Zero Liability policy on unauthorized transactions3
Up to $200,000 Travel Accident Insurance
Auto Rental Collision Damage Waiver at no additional cost
overview
With no annual fee and a generous reward program secured, the American Savings Bank Student Secured Visa Card is quite a catch for students who want to take their own financial behaviors under control.