I don't understand all the negative reviews. I have had this card since Nov 2014. The application process was extremely simple and fast. I was approved, deposited the funds and had my card within 7 days. I have never had to wait 14 days for payments to process, maybe 7 days but as of late, my payments are available within a few days. Listen folks, they have to make sure the money you are paying actually clears your bank. Remember, if we weren't sub prime account holders then maybe it would post same day. It doesn't matter that they have a secutiry deposit. Just like a landlord, who also has a security depost, won't allow you to be late with your rent. I have NEVER had a problem with this bank. You can even add funds to your account to increase your line of credit which I also have done with no problems. I haven't had to speak with any customer service reps so I can't comment on that aspect. Sure, you can't convert to a secured card with this bank but that is stated up front. I look at it as if I have another savings account somewhere that I can't touch. People need to read the terms and conditions of any card - read all the fine print before applying and you won't have any surprises. Do not use more than 30% utilization! Of course if there is an emergency you may have no choice but pay it down as fast as you can. Your credit score will drop if your utilization is high. If your a member of Credit Karma you should have learned that in the first few weeks of reading. My credit score rose 60 points within the first few months of having this card and 100 points within a year. It continues to rise as I take good care of my credit and spending habits, somthing I didn't do when I was younger. Another thing, before applying with a company read reviews as much as you can and not just this website, all over there are reviews on every credit card company. As I stated above it is very important to take the time to read the terms and conditions. I hear too often people claiming they were never told something, meanwhile they check the box stating they read the terms and conditions where that certain "something" was stated. That section contains all the information you need to know about the rules of their game. I wish everyone the best on rebuilding or establishing credit.
ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL
- Balance Transfer Intro APR Not Applicable
- Balance Transfer Regular APR Not Applicable
- Annual Fee $49
- Purchase Intro APR Not Applicable
- Purchase Regular APR 9.99%*
The primor® Secured Visa Gold Card is a solid option for people with limited or no credit history who want to build their credit.
What to Like
It’s a secured credit card, meaning people with limited or no credit history can still get approved. The card also has arelatively low APR on purchases, and reports to all three credit bureaus.
Look Out For
Because the card is secured, you’ll have to pay a security deposit equal to the size of your credit line. There’s also a$49 annual fee.
Most Helpful Positive Review
Most Helpful Negative Review
Please read all of the other reviews above as they are RIGHT on. Bank is located in New Jersey....totally unprofessional...treat you like a criminal. Even though it is not supposed to, a closed credit card account can appear as a negative item on your credit report to some lenders so I try to avoid closing accounts at all cost, even if I cut up the card and just pay the annual fee. Payment posting? 14 BUSINESS days...even if you submit using EFT...figured this out while on vacation, one of the FEW times I actually needed this card....had submitted payment 10 days in advance of leaving and funds not available while out on the road...what an EMBARASSMENT this was at the gas station..."I'm sorry, sir...says your account has insufficent funds"...for a $40 tank of gas? SERIOUSLY? Their ad also states that card can turn into a "Non-Secured" card after a period of responsible use...this is NOT the case (as I was informed by the very RUDE customer service lady). "The only way you can increase your credit limit is to send in a larger deposit". In other words, send us MORE money, right away! It's not enough that we are using your funds to made rediculous interest returns :- ) There are BETTER cards out there. I personally recommend "Legacy Visa" from First National Bank, Sioux Falls, SD.
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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 'Apply Now' button, you can review the credit card terms and conditions on the provider's website.
† Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for this product. Of course, there's no such thing as a sure thing, but knowing whether your Approval Odds are Very Good, Good, Fair or Poor may help you narrow down your choices.
‡ Average score refers to the arithmetic mean and typical low score to the 5th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from June 2014 through November 2014. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.