| Benefit | Category | Value / Coverage |
|---|---|---|
|
Graduation to Unsecured Credit Card
M&T Bank periodically reviews the account to determine if the cardholder meets the criteria to graduate to an unsecured credit card; upon graduation, the security deposit is returned to the cardholder.
|
Financial | Complimentary |
|
Immediate Credit Line Availability
When a payment is made online from a linked M&T Bank account, the credit line becomes immediately available, providing faster access to available credit.
|
Financial | Complimentary |
|
No Annual Fee
There is no annual fee to carry the M&T Secured Credit Card, keeping the cost of building or rebuilding credit to a minimum.
|
Financial |
$0 annual fee
Up to $0
|
|
Overdraft Protection Linking
The card can be linked to an M&T Bank checking account to serve as overdraft protection when the checking account has insufficient funds; an $8.00 overdraft transfer fee applies per transaction, charged no more than once per day.
|
Financial | Available (fees apply) |
|
Security Deposit as Credit Limit
The card is secured by a deposit held in an M&T Bank deposit account in an amount equal to the cardholder's credit limit; the minimum deposit and credit limit is $250.
|
Financial | Minimum $250 deposit |
|
Digital Wallet Compatibility
The card can be added to Apple Pay®, Google Pay™, Samsung Pay, and Garmin Pay™ for contactless mobile payments at compatible merchants.
|
Lifestyle | Complimentary |
|
M&T Financial Education Resources
Cardholders have access to M&T Bank's Financial Education Center, including credit score and credit card education modules, and the M&T Money Smart financial management tool to track and understand spending habits.
|
Lifestyle | Complimentary |
|
Online and Mobile Banking Account Management
Full account management through M&T Online Banking at mtb.com and the M&T Mobile Banking app, including viewing transactions, making payments, and transferring funds.
|
Lifestyle | Complimentary |
|
Credit Bureau Reporting
Account payment history and utilization are reported to the major credit bureaus, enabling cardholders to establish or rebuild their credit profile through responsible card usage.
|
Other | Complimentary |
|
Free FICO® Credit Score Access
Cardholders receive free access to their FICO® Credit Score, displayed on their monthly account statement, allowing them to track their credit-building progress over time.
|
Other | Complimentary |
|
Multi-Channel Account Servicing
Cardholders can service their account through M&T Online Banking, by phone at 1-877-779-3525, or in person at any M&T Bank branch location.
|
Other | Complimentary |
|
Contactless (Tap to Pay) Technology
The card supports contactless payment technology, allowing cardholders to tap at compatible point-of-sale terminals for fast, secure transactions.
|
Security | Complimentary |
|
EMV Chip Technology
Globally accepted EMV chip technology generates a unique transaction code for each purchase at chip-enabled terminals, providing enhanced security against counterfeit fraud.
|
Security | Complimentary |
|
M&T Assurance℠ Fraud Protection
Comprehensive fraud prevention, detection, and resolution service including real-time monitoring, 24/7 dedicated customer support, and full assistance resolving any unauthorized activity on the account.
|
Security | Complimentary |
|
Temporary Card Lock
Cardholders can temporarily lock their card through M&T Online or Mobile Banking if the card has been misplaced, preventing new transactions while the card is locked.
|
Security | Complimentary |
|
Visa Zero Liability Protection
Cardholders are not held responsible for unauthorized purchases made with their card, providing full protection against fraudulent charges per Visa's Zero Liability policy.
|
Security | Complimentary |
|
Custom Card Design
Cardholders can personalize their secured card with a custom image of their choice or select from hundreds of available designs through M&T Bank's online design studio at no additional cost.
|
Shopping | Complimentary |
