If you want get a wonderful secured credit card,i recommended public savings bank open sky secured visa credit card.This card will help you building craedit ratings. if Iyou started using their card, your credit ratings have gone up because by opening an account with them and paying on time, Soon after you can obtain unsecured credit cards. I would recommend anyone to get this secured credit card if you use it correctly in the beginning you credit score can jump from below 500 to over 700…
The public savings bank open sky secured visa credit card is a secured card offer to people with bad or no credit who want to improve or build credit before they can apply for other credit cards with more benefits that require a higher credit score.
Public Savings Bank is a small bank.Public Savings Bank is founded in 1928,offerings business banking services includeing personal banking, business banking, lending, and premium financing. public savings bank open sky secured visa credit card is a popular secured visa card that has no credit check and reports to all three major credit bureaus, and six months 0% intro apr.
The feature of this card
Six months 0% intro apr.For a secured credit card,0% intro apr six month is unbelievable.The public savings bank open sky secured
visa credit card offers 0% intro apr on purchases for the first 6 months.
Credit line:
Same as other secured credit card,the credit line depending your deposit.The credit line can be minimum $200 and maximum $3,000.Unfortunately if you want increase your credit limit you need charges $25 every time.
Apr of this card
After 0% intro apr of six months.The already low 11.24 percent APR has been cut even lower, to 9.75 percent.
The Public Savings Open Sky Secured Visa Credit Card is one of the lowest rates of interest secured credit cards, compare with other unsecured cards) it also comes with a great deal.
Other benefits
No income and credit requirements
like other secured credit cards,Report to all 3 major credit bureaus.
$0 fraud liability
24-hour online account access
Other fees
High annual fee : $50(compare with other secured credit card with no annual fee )
Fee charged for credit limit increases : Credit limit increase fee: $25 (after first year).
No interest earned on security deposit.
No chance of getting an unsecured card
Balance transfer fee: Five percent, capped at $1,000.
Foreign Transaction: 1% of each transaction in U.S. dollars
| Deposit | APR | Credit Line | Annual Fee | Pros |
|---|---|---|---|---|
| Minimum of $200 | 9.74%-11.24% | $200–$3,000 | $50 | Low interest rate |
overview
if you can hold high annual fee and the $25 credit limit increase fee,If you are concerned about 0% intro apr six months and low apr after,this is the one of best secured credit card.Weigh the pros and cons and then decide to apply. Building credit is a serious matter that should be made a priority in your life