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Public Savings Bank Secured Visa

313 comments

Offered by:
Public Savings Bank

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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	19.99% to 23.99%
Annual Fee	None
Late Fee	$25.00
Cash Advance Fee	See Terms
Balance Transfer Fee	None

Public Savings Bank Secured Visa features:

0% APR for purchases for 6 months
No annual fee. Just a one time fee of $79
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.

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USER COMMENTS(313)

Cara415
Nov 7
5:35 am

I just accepted this offer and hopefully will be receiving it in a few weeks. I was wondering if I'll be able to manage and pay it online?

Hollybookman
Nov 6
1:39 pm

im confused.. so if u deposit 300 dollars than your limit is 300 dollars?

PublicSavBk
Nov 6
4:02 pm

Exactly! You determine your credit line by your security deposit.

joeykon
Nov 5
1:33 pm

Can Pubservbank tell me if this card looks like a debit card or a credit card to hotels and to car rental companies as they both frown on debit cards these days.

PublicSavBk
Nov 6
4:01 pm

You have stumbled on a big advantage of a secured credit card over a prepaid/debit card.

Our credit card is a regular credit credit so there will be no problems at hotels and car rental agencies.

Thank you for considering Public Savings Bank!

jolla
Nov 5
9:14 am

I use Quicken Online and mint.com to manage my finances and neither service can download my transactions for this card (which means I rarely, if ever,use it).

Other than that, for a secured card, it's not bad. I've only had it for a few months, so I can't comment as to how it unsecures.

PublicSavBk
Nov 6
3:59 pm

There are several formats to download the data. If you are having trouble with this, please call the customer service center for help. If you still have trouble, you can email us at CustomerCare@PublicBankCard.com

Thank you for being a customer! I hope the card helps you reach your goals.

pdicarlo
Nov 4
9:30 am

Eight to Ten weeks to process a refund on MY deposit is outrageous. No "trailing charges" take that long to come in. I have had credit cards for 25 years and never, ever, have I seen a "trailing charge". Any charges I have done, even paper ones, hit the account within 7 days. Does anyone disagree with this?

So, can you promise me to return my deposit in less time, say 3 weeks? That seems to me more equitable.

PublicSavBk
Nov 6
3:57 pm

We generally return the security deposit sooner than we disclose, but we put it out there that it can take 10 weeks. The reasons are valid because often foreign charges can take a very long time to post.

I can't promise you any particular time frame because it varies, but it will never exceed the timeframe posted in the disclosure.

Thank you for the feedback though!

cbassangler
Nov 3
5:21 pm

I currently hold two (2) First Premier credit cards, one card i have had for two years with a perfect payment history, never overcharged, how ever my credit limit is only $375.00, my other (second) card i have had for approximatly 3 months same low limit, same payment history.

Can i transfer the balances of these two cards to your card?

My credit score is currently 655.

PublicSavBk
Nov 6
3:53 pm

I'm sorry, but we do not offer a balance transfer at this time.

Thank you for considering Public Savings Bank

smithsmeat
Nov 2
9:23 pm

It seems like a good offer, but forking out money is a bit of an issue with the job I have.. lol It is only part time at a grocery store these days lol Why do we have to fork out this money?? I want to improve my credit but..

PublicSavBk
Nov 3
3:09 pm

This is a secured card so you must be able to secure your deposit at the bank in order to get the card.

Remember, the security deposit is refundable when you close the account.

Thank you for considering Public Savings Bank

iwantcredit
Nov 2
5:16 pm

I posted a comment earlier on how this card does not report to all 3 credit bureaus...I called the company the other day and I spoke to a rep and she stated that they now report to two instead of just one...but they still advertise reporting to all 3...

I would recommend that anyone who wants this card to call and speak to the bank or contact the credit bureau directly because they are advertising FALSE info on their site...THEY DO NOT REPORT TO ALL 3 BUREAUS.

CK Moderator

No offense to any customer service representatives but it may be premature to suggest any false advertising based on the comment of a representative. Can any member confirm or deny with actual data?

PublicSavBk
Nov 2
6:16 pm

This is blatantly incorrect. Public Savings Bank reports to all 3 credit bureaus: Experian, Equifax and TransUnion.

I'm not sure why or how you are getting this information but it is wrong.

Perhaps the Credit Karma moderator can email this customer for contact information. I will personally resolve it.

Your issue cannot be solved or answered in this forum.

We report to all 3 bureaus.

kurohyou7
Nov 1
3:16 pm

I have only a couple of reservations, but I am strongly considering this card. I would have gone through more of the comments, but I got to Page 5 and realized there are 20 or more pages...

Is there even a chance to be declined from applying for this card? I presently have a 608 - so-says CK - and my father told me it would beneficial to open a second credit card, but to keep control over spending habits, obviously.

It is $79 to open the card. And then anywhere from $300 to $1500, that I deposit at time of opening the account, through my checking/saving account. At that point, you guys would draft the money from my account ( or I can wire it to you )... If and when I am approved for the card...

How often do you report to the credit bureaus? Someone told me that you are allowed to only report usage statistics once every month, or quarter, or twice a year. Is this statement true? What timeframe am I looking at?

If and when I decide to close this credit card after opening it, I saw that I will receive a 100% refund. My curiosity is how long does it take you to return the funds?

Other than that, is it true that having multiple credit lines is a -good- thing...?

PublicSavBk
Nov 2
4:36 am

The only real way to be declined for this card is if:

1. you cannot verify your identity

2. you are younger than 21

3. you are not a US citizen or permanent resident alien

4. you cannot fund your security deposit

So, we do not look at credit, income or employment when approving your card.

We report to all 3 bureaus on a monthly basis.

When you close your account and payoff all charges, it takes about 8-10 weeks to process your security deposit refund. This time is needed to make sure there are no trailing charges.

There are lots of factors to determining a good credit score. I think the folks at Credit Karma might be able to help you with this part of your question. However, a few trade lines open for a longer period of time will definitely help.

Thank you for considering Public Savings Bank. Hope to have you as a customer!

dajcarroll
Oct 30
8:57 am

After say 6 months to a year with this card and you prove that you do spend money and you do pay it back on time and can be trusted... do you get your deposit back or is it required to keep a deposit on file until you ever decide to close the account? Going a long time without access to your own money is pretty rough... especially now.

PublicSavBk
Oct 30
12:27 pm

Assuming the account is fully paid off, you get 100% of your deposit back to you when you close the account.

Some people think of it as a savings account. Not only do you establish a good credit trade line, but you also get the deposit back!

Thank you for considering Public Savings Bank

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