Additional information of Secured credit card
We must understand that, even if we consider ourselves responsible people, that is not enough for those who offer financing. If you have no credit history or a poor credit score, you have fewer options.
Fifth Third's secured credit card gives you the opportunity to manage your finances responsibly to enhance your credibility.
To use this plastic, you must deposit at least $300 in a Momentum Savings account, which will serve as your limit. If you are rebuilding your credit history, your transactions will be reported to the 3 major bureaus.
In addition, when you show responsible use, this bank may give you an unsecured card or increase your credit line.
This secured card is issued by MasterCard, which means it includes several benefits that could be useful to you:
- Zero liability for unauthorized charges
- Identity protection when someone impersonates you
- Global Service emergency service anywhere in the world
- Airport Concierge Service to make your travel more convenient.
This financial instrument has an annuity of $24. Among its other charges, the following stand out:
- Late payment: $40
- Minimum interest: $1.50
- Balance transfer: $5 or 4% of the amount (whichever is greater)
- International transactions: 3% for each transaction in U.S. dollars
- Cash Advance (29.99%): $10 or 5% of the amount (whichever is greater)
The Fifth Third secured card helps you build/rebuild your credit history, which is important. If you want to compare other options, you can do some research on Busconomic to find the best secured credit card for you.
Español: Tarjeta Asegurada de Fifth Third Bank