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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)

mrboombality
Oct 21
5:14 pm

Does it cost money to pay my balance online? If so, is there another way to expidite may payment to you w/out fees or hidden feed?

PublicSavBk
Oct 22
11:37 am

There is no additional cost to pay your balance online.

The website is available 24/7.

Thank you for considering Public Savings Bank

jafrazier
Oct 21
10:13 am

What is the credit limit

PublicSavBk
Oct 22
11:38 am

You determine the credit limit by the amount of your security deposit.

When you close your account and all balances have been paid, we return your deposit.

Thank you for considering Public Savings Bank!

mika200131
Oct 21
5:36 am

i need good credit what can i do i am only 18 and they dont except me

CK Moderator

You can try Orchard Bank or student credit card if you are in school.

mika200131
Oct 21
5:34 am

How do u pay the 70 dollors do u get a bill or something

PublicSavBk
Oct 21
2:46 pm

The $79 processing fee is paid at time the account is funded.

Thank you for choosing Public Savings Bank!

mcjammers
Oct 20
7:05 pm

Does running a debit card as credit rather than debit help your credit score?

Scott25DC
Oct 21
9:42 am

No, but there are advantages to running a debit card as a credit card. Most importantly, a "credit" transaction is more protected than a "debit" transaction, both in terms of protections against defective merchandise and because you do not use your PIN in a "credit" transaction. The "debit" transaction requires you to enter your PIN, which means someone could see your PIN number as you enter it or record it if the slider you use for the transaction is a bogus "card reader" used by thieves who are serving your food, checking you out at a convenience store, etc. In addition, you typically earn no "Thank You points" or other rewards from your bank for a "debit" transaction, but you do earn them for "credit" transactions. One last point: "debit" transactions immediately hit the account to which they are linked, just as if you had taken that amount out of an ATM. This might help you if tomorrow is pay-day, and you have automatic deposit into your checking account and you need gas from a gas pump. In other words, you might be able to purchase the gas with tomorrow's deposit, because the "hit" to your account usually won't show up for a day or two, or may show as "$1" for a day or so, before debiting the entire amount of the transaction. This happens at QT gas stations, in particular. Not that I recommend this, but just in case you're in a pinch, I thought I'd mention it. Hope this all helps!

jmurphy1578
Oct 20
6:07 am

Does PSB report to the bureaus as a secured card or as a regular Visa?

PublicSavBk
Oct 20
9:37 am

We report as a regular Visa card. There are no markings on the card that show that this is a secured account. This card acts and looks like any other credit card in the market.

Thank you for considering Public Savings Bank

junes2
Oct 19
12:10 pm

I tried the simulator with this card and a $300 limit. My credit score when down. Why?

CK Moderator

Adding a new credit card often requires a new hard credit inquiry which can lower your score. In the case of PSB, you should simulate increasing your credit limit not adding a new card since PSB does not perform a hard inquiry as part of the application. Let us know what happens. Good Luck.

JOHNNY1972
Oct 18
11:45 pm

If a customer has a PS Visa and no balance and a good history, and later files bankruptcy, will the account be closed if the PS Visa is not included in bankruptcy?

PublicSavBk
Oct 20
9:35 am

The account will not be closed as long as you make payments or we are instructed to do so by a bankruptcy judge.

luciec
Oct 18
7:23 pm

can you use direct deposit to fund the card?

PublicSavBk
Oct 20
9:34 am

The short answer is no. This is not a prepaid card that requires constant reloads. You set up your security deposit once, then use it like a regular credit card.

Hope this helps!

NickL123456
Oct 18
8:46 am

This is a complete ripoff. $79 for a secured card that you must secure with your own money??

No one needs a credit card when you have debit cards you can use as a credit card

concentrate on improving credit and get a real unsecured card

CK Moderator

Everyone is entitled to their opinion but keep it mind without a credit card it is difficult to improve your credit. This card serves a segment of the population who don't have many good options.

PublicSavBk
Oct 18
1:30 pm

Debit cards do not establish credit tradelines. You need credit to establish tradelines and often people in this category cannot get traditional, or reasonable credit terms.

For $79 and no annual fee, our customers get 0% APR for 6 months and a reasonable Prime + 7.99% interest rate.

rollinhigh
Oct 26
9:33 am

If you cannot get a traditional card, than a secured is the next best thing. Debit cards do not build credit, which may do you good now but. Try buying a home or even a car down the road. I started with a secured card at age 18 and it helped alot. The only downside I had was that it also had a $69 annual fee. But hey live and learn. thank you

annoneil01
Nov 9
2:35 am

rollinhigh, publicsavbk and ckmoderator have already answered why secured cards can be a good option, particularly over debit cards.

besides, being the victim of erroneous charges myself it's MUCH better to deal with erroneous charges on a credit card than it is on a debit card. much MUCH better.

CK Moderator

That is a good point about liabilities of credit card cards versus debit/pre-paid cards.

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