Secured Visa® Card | U.S. Bank (2024)

FAQs

Is a US Bank secured credit card easy to get? ›

That means people with credit scores below 640 have a shot at getting approved for the U.S. Bank Secured Visa® Card. Secured cards are easier to get than unsecured cards because they require a deposit to open the account, which U.S. Bank will use as collateral to secure the account.

You can get instantly approved for the U.S. Bank Secured Visa® Card, if you apply online.

It may seem surprising that your application for a credit card secured by putting your own money down could be denied. But it's true—you can be denied for a credit card that requires a cash deposit, even if you've saved up several hundred to a few thousand dollars in sufficient collateral.

Is it hard to get a U.S. Bank credit card? It's not hard to get a U.S. Bank credit card, but this depends on your credit score and the card you choose. Most U.S. Bank credit cards are intended for consumers with good credit, which is a FICO® Score of 670 or higher.

Does U.S. Bank Give Instant Approval? Yes, U.S. Bank credit cards may give instant approval when you apply for one of their cards online, though getting approved for an account immediately is never guaranteed.

When life happens, you're covered with a personal line of credit. U.S. Bank clients with a FICO® Score of 680 or above and other qualifying factors could receive funds within hours.

The Discover it^® Secured Credit Card is our top pick for easiest credit card to get because it's geared toward those with limited/poor credit. It offers great rewards and charges a $0 annual fee.

*After the account's been opened for six months, limit increases can be requested every six months thereafter.

While we can't say for sure how much your credit score might improve, we can tell you that using a secured card can boost your credit score relatively quickly — think “under six months” — especially if you focus on the five factors that make up your credit score: Payment history. Credit utilization.

Do banks run your credit for a secured credit card? ›

The exact information you'll need to apply for a secured credit card may vary depending on the issuer's guidelines. In general, the bank needs to check your credit history to confirm your ability to make on-time payments.

Whether you're trying to improve your credit scores or start building a credit history, a secured credit card can be a great option. Because they are backed by a cash deposit, secured credit cards usually have more lenient approval requirements, making them more accessible to some borrowers than unsecured cards.

Deposit $5,000 to earn a $400 bonus, or $25,000 for an $800 bonus, within 30 days. Maintain that balance for 60 days after opening the account. If you deposited $5,000 for the $400 bonus, you need to maintain a balance of at least $5,000. If you deposited $25,000 for the $800 bonus, you must maintain at least $25,000.

U.S. Bank may give high credit limits to people with good-to-excellent credit, a lot of income, and relatively little debt, but it does not have any cards that guarantee a $5,000+ credit limit. The highest minimum credit limit on a U.S. bank credit card is $1,000 on the U.S. Bank Altitude® Go Visa Signature® Card.

The U.S. Bank Altitude Go Visa Secured Card is the best option if you have limited/poor credit and are looking for a high credit limit. You can deposit anywhere from $300 to $5,000, making your maximum credit limit available $5,000.

Because they are backed by a cash deposit, secured credit cards usually have more lenient approval requirements, making them more accessible to some borrowers than unsecured cards.

The credit limit on your Secured credit card is the same amount as your total deposit, with a maximum of $5000. Any request to increase the credit limit may result in an inquiry to your consumer credit report.

Build your credit and create a foundation for the future.

The U.S. Bank Secured Visa ^® Card can be used like any other credit card and is accepted world-wide with no annual fee View U.S. Bank Secured Visa Credit Card Terms and Conditions. Mobile Carrier Terms.