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U.S. Bank Secured Visa Card

The U.S. Bank Secured Visa Card is a no-annual-fee credit-building card that requires a refundable security deposit of $300 to $5,000, and the credit limit equals the deposit ⁠2⁠1. U.S. Bank describes no rewards program for it; what it lists are credit-building features such as bureau reporting, a free credit score and a choice of payment due date ⁠1.

Compiled from official sources Checked against U.S. Bank’s terms Last reviewed How we research
Contents8 sections

At a glance

Annual fee$0⁠2
Foreign transaction fee3%⁠2
RewardsNo rewards program is described for this card.
NetworkVisa
Card typeSecured card
IssuerU.S. Bank · Official card page

What to know about the Secured Visa

The deposit is held in a U.S. Bank secured savings account ⁠2. U.S. Bank reports the card to the three major credit bureaus and periodically reviews the cardholder's overall credit history, including other cards and loans; after such a review it may release the deposit, and the account then stops being a secured card ⁠1⁠2. The product page says the deposit is returned if the account is upgraded or closed, while the terms add that on closing the deposit is first used to pay the balance in full and may be held for the later of 60 days or two billing cycles ⁠1⁠2. U.S. Bank does not give a timeline for the review or name a specific card the account moves to ⁠1.

The free credit score, alerts and credit score forecast come through U.S. Bank Protect 360 and are available only to U.S. Bank online and mobile banking customers; the score is for educational purposes and is not the one U.S. Bank uses for credit decisions ⁠1. Payment due dates can be chosen by calling the number on the back of the card, though not every date may be available ⁠1.

The card has a 3% foreign transaction fee ⁠2. Its Benefits Center page links no Guide to Benefits apart from the Roadside Dispatch guide, and Roadside Dispatch is pay-per-use: the cardholder pays a set fee for each service call ⁠3⁠4. Unauthorized transactions carry zero fraud liability as long as the cardholder notifies U.S. Bank promptly ⁠1.

Travel insurance and assistance

Roadside assistanceRoadside Dispatch: pay-per-use roadside dispatch (standard towing up to 5 miles, tire changing, jump starting, lockout service, fuel delivery up to 5 gallons plus the cost of fuel, standard winching). Service costs are not covered by the card; the cardholder pays a set fee per service call ($79.95 for a standard service call per the Roadside Dispatch guide, subject to change).⁠3⁠4

Account features

Zero fraud liabilityZero fraud liability for unauthorized transactions; cardholder must notify U.S. Bank promptly.⁠1⁠3
Free credit scoreFree VantageScore credit score from TransUnion with alerts and credit score forecast through U.S. Bank Protect 360, for U.S. Bank online and mobile banking customers.⁠1
Credit line reviewsU.S. Bank reports card status to the three major credit bureaus and periodically reviews overall credit history; the security deposit may be released and the account become unsecured. The deposit is returned if the account is upgraded or closed.⁠2⁠1

Other perks

Refundable security deposit sets the credit limitSecurity deposit of $300 to $5,000, held in a U.S. Bank secured savings account; credit limit equals the deposit.⁠1
Choose your payment due dateCardholder can pick a payment due date by calling the number on the card; not all dates may be available.⁠1

Not listed for this card

The U.S. Bank pages and benefit terms we checked for the Secured Visa do not list these benefits:

Some benefits come from the card network rather than the bank and are not always advertised. Your own Guide to Benefits, or the number on the back of the card, is the final word on what your account covers.

Sources

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