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Build Credit With Public Savings Secured Visa

353 comments

Offered by:
Public Savings Bank
See all offers from 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(353)

1679State
Oct 27
11:31 am

I read in one reply posted by PublicSavBk that the new Federal Law age requirements for getting a secured cc with your bank are 21. I didn't think the new law came into effect until Feb. 22, 2010. What Federal law are you referring to or is it just your bank's law?

CK Moderator

Congress is voting on making the legislation effective in Dec 2009.

PublicSavBk
Oct 27
11:37 am

You are correct! Nice research! We are in compliance with the new laws ahead of schedule.

jlc25
Oct 26
9:36 pm

Checks and debit cards would get me in trouble. i only have a savings account. Is there another way to get this card besides online checks or checking account deductions (since i have neither)???????????

PublicSavBk
Oct 27
9:30 am

Absolutely! You can send us a money order, go to Western Union or you can ask your bank to wire us the funds.

Wires and Western Union are the fastest way to set up your security account.

Thank you for considering Public Savings Bank!

buckeye67
Oct 26
1:54 pm

Is there a joint application or just individual?

PublicSavBk
Oct 27
9:28 am

At this time, we are only accepting application for individuals cardholders. Any co-applicant is welcome to complete their own application.

Thank you for considering Public Savings Bank

blastoff
Oct 26
9:37 am

Hey There - Endless thank yous for the reliable, well considered info you provide CK. I wonder if you can highlight the differences between this PSB Secured card and the HSBC Orchard Card (link Below). I see saw that CK had previously recommended Orchard but has since removed recommended status (although you still sometimes refer to Orchard in Comment respones).

http://www.orchardbank.com/ecare/cards?docId=Cards_Tab_data_cards_ob_sp8_xml

Also, with a credit score ranging from 557 to 576 could you speak to the likelyhood of approval for an unsecured card from Orchard or any other "lower fee" provider?

PublicSavBk
Oct 26
10:29 am

It's hard to predict what another bank would do with a "subprime" score but generally I think all banks and credit card companies have tightened their credit requirements. However, there are plenty of choices and I would recommend shopping around for the one that best meets your requirements.

HSBC is a reputable bank. I did not study it, but I did not see where they report your payment activity to credit repositories or where they allow a 25 day grace period. The HSBC card also comes with an annual fee.

Our card also comes with a 0% APR for the first 6 months on all purchases and no annual fee.

Thank you for considering Public Savings Bank and we hope to earn your business!

blastoff
Oct 27
9:26 am

Thanks for your reply PublicSavBK. HSBC Orchard has a 21 day grace period, Reports to all 3 credit bureaus, Pays interest on you deposit, Has no annual fee for first year and $35 thereafter, and a 7.9apr. No upfront or other fees so $200 and you're in.

swins24
Oct 25
7:28 am

I got my card in the mail friday the whole process for me was only two weeks i did the online check after getting a email and sending in a copy of social and id via fax my checkin account had two small deposits from public savings for verification after only a day i then went to verify the deposits by calling the number they provided after that my online check was processed two days later and cleared i waited five days and got an email from public savings saying that the funds were cleared and that my card would be two or three weeks but it was only five days when it came so the whole process for me from start to finish was exactly two weeks if you follow all instructions and look for the emails and verify that thats your checkin account with the deposits they make i wouldnt pay for the express processing because you will get your card anyway after four or five days after the five day wait they make you wait to verify funds have cleared which you will know by checkin your own account that it clears about a day or two but they still make you wait the five days i havent use my card yet because i here for a better credit score you should waite 30 days before using any new card myfico.com has great tips and advice on how to get credit on track

PublicSavBk
Oct 25
5:57 pm

Sounds like the process went smoothly for you. this is good to hear. We appreciate that you have chosen Public Savings Bank and hope the card helps you reach your goals.

carasol
Oct 23
10:14 am

Whwn I have to pay the $79

PublicSavBk
Oct 23
8:32 pm

You pay the $79 at time of funding your security deposit.

Thank you for considering Public Savings Bank

Hgill
Oct 22
7:19 pm

I would like to understand this better before signing up I pay 379 to get this started and 300 would be my limit and atthe endof the month if I have spent 150 on the acct I would only add the money that make up the 300 limit am I understanding this correctly

PublicSavBk
Oct 23
8:32 pm

Not exactly. You're thinking like this is a prepaid card. If you spend $150 on a $300 credit limit, you have 2 options:

1. Pay in full so balance is zero

2. Pay the minimum payment and finance the balance.

This is a credit card, not a debit card.

Hope this helps?

Thank you for considering Public Savings Bank

angelasclark
Oct 22
12:56 pm

I have this card. I currently have a limit of $500.00. How do I increase my limit? Also, there is a long lag time after payment is made even online - why does it take at least 5 business days for the payment to be applied even when it is coming directly from my checking account? This caused me problems on a recent trip with a hotel..

PublicSavBk
Oct 22
1:20 pm

You can increase the credit line after being a customer for 120 days. Just call our office and someone will walk you through the process. There is a $25 fee for a credit line increase.

Credit line availability is based on when your checks clear. This can take up to 5 business days depending on where you live, HOWEVER, it is possible to get availability sooner by calling the customer service center.

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

lethalvb01
Oct 22
11:18 am

Dammit! Where were you guys when I got the applied bank card with a $50 annual fee! LOL.

PublicSavBk
Oct 22
11:35 am

It's not too late! We'd love to have you as a customer!

moya034
Oct 22
5:34 am

Is the consumer's deposit FDIC insured?

PublicSavBk
Oct 22
11:36 am

Yes! Your account is fully insured.

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551

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453

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