M&T Bank's Secured credit card review

Updated

You won't always have the best credit score to get the most desirable banking products. If you don't have a credit history or want to repair it to aspire to better alternatives, the M&T Secured card can help you. It is a customizable plastic, with no annuity and several benefits.

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Details
APR: 22.49%
Card type: Credit card
Supplier: Visa
Card limits
Credit limit: Consult
Daily limit: Consult
Fees and commissions
Issue fee: Consult
Replenishment Commission: Consult
Annuity: $ 0

Additional information of M&T Secured credit card

M&T Bank secured cardIn principle, the M&T Secured credit card from this bank is available to citizens, residents and non-residents. For your convenience, you can apply for it through electronic channels or in person at a branch.

If you obtain this card, you will have to make a deposit of $250 or more to have a balance. When you use it, you have a chip that works anywhere in the world and has contactless technology for faster processing. Plus, you can choose how you want it to look at no additional charge.

Credit cards from this financial institution, including M&T Secured, share the same benefits:

  • Free access to your FICO score on your statement.
  • Option to add it to your digital wallet for online/offline purchases
  • Account management through your favorite devices with mobile or online banking
  • Lock/unlock feature to control spending and prevent fraud if lost or stolen
  • Immediate availability of your line of credit when you pay your credit card online and from one of your M&T accounts
  • Periodic review (every 6 months) of your account to evaluate if you are eligible to "graduate" to an unsecured card (except non-residents).

If you want to start your credit history or improve your score, the M&T Secured card is a good option. Since these banking products have become commonplace, we invite you to compare it with other secured credit cards reviewed on Busconomico.

Español: Tarjeta de crédito asegurada del M&T Bank