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Public Savings Bank Secured Visa

Offered by: Public Savings Bank

547 comments | Comment on this offer

Details

Purchase Intro Rate	0%
Purchase Intro Period	6 Months
Balance Transfer Intro Rate	10.99%
Balance Transfer Intro Period	6 Months
Regular APR	See Terms
Balance Transfer Rate	See Terms
Cash Advance Rate	18%
Annual Fee	None
Late Fee	$20.00
Cash Advance Fee	See Terms
Balance Transfer Fee	None

Public Savings Bank Secured Visa features:

0% APR for purchases for 6 months
No annual or monthly fees. Just a one time fee of $79
Free fraud protection against unauthorized use
18.00% Maximum APR for both Merchandise and Cash Advances
NSF/Returned Payment Fee of $25
Over Limit Fee of $20
Late Payment Fee of $20
No Penalty Pricing – rate stays the same even if customer is late
No credit, income or employment requirements
Reports to all 3 national credit bureaus
25 day grace period

Additional Details: Click here for Additional Details (Will launch in a new browser window)

See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Take Offer Now" button, you can review the credit card terms and conditions on Provider's website.

Comments

(547 Total Comments)

It says you need to be 21 to apply. I was born feb 19 1989. Which I turned 21 just a month ago. I went to apply and the 1989 year option is not there so I cant apply. What do I do?"

saberlette at 10:52 pm Mar 15

We've heard of this technical issue on a few browsers. I have asked the IT group to jump on it. Can you tell me the browser you are using?"

I will report back the results in this forum.

In the meantime, there is a workaround solution. Please call customer Service at 215-344-8145 and explain the problem.

PublicSavBk at 9:08 am Mar 16

I filled out my application for the Public Savings Bank secured card late Friday night. Went to the bank Saturday for the wire transfer option. I also selected rush processing since I am having major delays with another bank. (I submitted an application for a secured card with Orchard via mail on 2/22 and still have not heard anything!) I received my PSB secured card on Thursday! So far, so good PSB! I am very happy with how smoothly this transition went. The website seems easy to use as well! I can't wait to start having my credit rebuild. Thank you!"

Dizexhaled at 9:43 am Mar 14

Great news! Thanks for sharing your experience and hope the card helps you reach your financial goals!"

PublicSavBk at 7:11 pm Mar 14

This card is one of the best deals on secured cards I could find. I have alot of old charge offs about 5years old and needed a new start. I have had the card for about a month. It just reported and my credit score went up 5 points. Hopefully with good management it will continue to rise."

joelt4425 at 8:10 pm Mar 11

Thanks Joe! We appreciate the comments and hope you see your score continue to rise! i appreciate the confidence you have in Public Savings Bank."

PublicSavBk at 4:30 am Mar 12

when can you increase your credit limit"

davida1 at 12:16 pm Mar 11

All credit lines are subject to approval, but you can increase your credit line up to $1500 at any time. If you are looking for more than that, the general rule is that you need to be a customer for at least 4 months. Again, this is subject to approval. Also, all credit line increases carry a $25 fee."

Hope this answers your question. Thank you for choosing Public Savings Bank

PublicSavBk at 6:41 pm Mar 11

I applied and choose the wire transfer. Is the email confirmation will come-in after I wired the payment? Please clarify. Thank you."

yugten at 6:27 pm Mar 9

You should get an email confirmation immediately. If you did not get this immediately after you applied, please email us at CustomerCare@PublicBankCard.com"

Sometimes our emails get caught up in your spam filter so be sure to check that as well before you reach out to us.

This email is important because it starts the process to get your card. If you don't confirm it, your application for the card cannot be approved.

You can still go to your bank and process the wire in the meantime.

I hope this helps and thanks for being a customer of Public Savings Bank.

PublicSavBk at 12:08 pm Mar 10

I double checked my spam folder and found the email. Thank you."

yugten at 3:30 pm Mar 10

I have a credit score of 694 and am one month out of chapter 7 discharge with an annual income of $30,000.00.

Would I be approved?"

flags6262 at 4:20 pm Mar 9

Dude, it doesn't check your credit. Hence, "guaranteed approval."

loppol at 6:08 pm Mar 9

It is true we do not check your credit so the CH7 is irrelevant. Nothing in life is guaranteed (except death and taxes!) so here is the list you need to know:

1. you must be 21 or older"

2. you must be able to confirm your identity

3. you must be able to fund the security deposit

4. you must show ability to pay the debt

If you pass these rules, you will get a new Public Savings Bank secured card.

Hope this helps!

PublicSavBk at 11:59 am Mar 10

Has anyone ever been told that a full credit check would be required to complete the application process with this company? From everything I read online, I understood that a check was not necessary.

I filled out an application earlier today per advice of my credit counselor... I filled out the information to have $400 deposited in to my account via e-check. I received an e-mail immediately stating that my application was rejected due to my disposable income is unable to support the monthly minimum payment. I put on the application that my income was approx $4500 per month, which is a fact.

I e-mailed Customer Care at Public Saving's to see what the issue was and I received this as a response...

"You may dispute the decision by providing a copy of your most recent pay stub. We will also have to complete a full credit check. Please advise if you would like to move forward with the dispute.

Thank You,

Public Savings Bank"

Not sure what's going on here? Has anyone else had to have a full credit check done before acquiring a card with this company? Or submit a paystub for verification? My credit score isn't THAT low (590ish), I just have no current lines of credit on my account and it has been several years since I have. Providing proof of income is no big deal, it's just the additional credit inquiry on my report that I do not like.

Thanks for any response."

sinfony at 5:27 pm Mar 7

First, there is no credit check for this card.

The rejection sounds like it was due to a new requirement of the Card Act of 2009. Your application may have been denied because the monthly income and expenses stated on your application was not enough to qualify for the card. The email was letting you know that we will allow you a chance to turnaround the decision.

If you send recent pay stub, we will do a second review to determine your eligibility.

If you send an email to CustomerCare@PublicBankCard.com, please reference CreditKarma or my name (Bob) and I'll make sure someone reviews your information asap.

I appreciate your question because this entire process in new due to the change in regulations and I'm always looking for ways to improve the process.

Thank you!

PublicSavBk at 7:42 am Mar 8

Thanks for the response Bob!

I submitted the latest copy of my paystub as well as a copy/paste from my earnings history from 2/5/10 - 3/5/10. I referenced your name in the message as well. The response below is what I received yesterday morning and is still confusing me

The new credit card act that was enacted in February now requires income requirements. If you do not meet those requirements you may place a formal dispute by sending in a copy of your pay stub and by pulling a copy of your credit report. We traditionally do not complete a credit check for this card. "

Your were correct about the new Card Act law being the reason for the pay stub confirmation, but the message says a credit report will need to be pulled still? Hopefully my next response from PSB will help to clarify this.

Have a great day!

Thank You,

Public Savings Bank"

sinfony at 7:37 am Mar 9

I see your application in the system and will have it reviewed. You will get an email from us alerting you of the next step.

Thank you for your application! We appreciate your business.

PublicSavBk at 9:56 am Mar 9

Bob and the lady who contacted me from customer service @ PSB are on top of their game! I received a prompt reply/phone call from PSB informing me of the next step to complete the application process. It really is nice to see a company that will work with people such as myself that are working towards restoring their credit worthiness. I look forward to the process!

sinfony at 4:05 pm Mar 10

Great! I'm glad it worked out and we all appreciate the shout out! I hope the card helps you achieve your financial goals. Thank you for being a customer.

PublicSavBk at 6:55 pm Mar 10

Is it better for my credit score to pay off collection debt accounts using their settlement offer or to pay the balance in full? Which will have a better effect on my credit score afterwards?"

funanin at 12:14 pm Mar 5

Settlements will often show as "not paid as agreed" on your credit report which can still hurt your credit score. This is a negotiable point with the creditor.

CK Moderator

I'm sure this has been asked, but how often do you report to the credit bureaus?"

solitude7 at 9:23 am Mar 5

We report monthly to all 3 credit repositories: Transunion, Equifax and Experian"

PublicSavBk at 7:01 pm Mar 5

my score is 588 and i paid off most of my collection a month ago and hopefully getting the black card.Me paying off my old collection will that make my score go up?"

jbyrd24 at 2:39 pm Mar 4

It's hard for me to predict what your score will do based on a single event, but i think the nice folks at CreditKarma have a tool for this."

PublicSavBk at 7:00 pm Mar 5

Comment On This Offer

Credit Score Approval Data

Ideal for those with Very Poor Credit:

551

AVERAGE Credit Score Approved for this Card

453

LOWEST Credit Score Approved for this Card

† Credit Karma members have received approvals with these credit scores. Please note that because other factors such as income and employment status can affect credit card approval, these are only guidelines and approval is not guaranteed.