U.S. Bank Secured Visa® Card Review: Rewards, Fees & Benefits

Rewards

Category	Rate	Type	Cap
All Other Purchases The U.S. Bank Secured Visa Card does not earn any rewards or cash back on purchases; it is a secured, credit-building card with no rewards program.	0x	Cash Back	No cap

Benefits & Protections

Benefit	Category	Value / Coverage
Flexible Payment Due Date Cardholders can choose their own monthly payment due date to align with their preferred billing cycle, available through U.S. Bank online banking or the mobile app.	Financial	Complimentary
Interest-Earning Security Deposit Account The security deposit is held in a U.S. Bank Secured Savings Account that is FDIC-insured and earns interest for the life of the secured card account; the deposit account remains untouched as long as the credit card account remains open and in good standing.	Financial	Interest-bearing deposit
No Annual Fee The U.S. Bank Secured Visa® Card carries no annual fee for the life of the account.	Financial	$0 Up to $0
Refundable Security Deposit A security deposit of $300 to $5,000 is required to open the account; the deposit is held in a U.S. Bank Secured Savings Account that is FDIC-insured and earns interest, and the deposit sets the card's credit limit. The full deposit is returned if the account is upgraded to an unsecured card or closed in good standing.	Financial	$300–$5,000 (fully refundable)
Free Credit Score Access via TransUnion CreditView™ Dashboard U.S. Bank cardmembers have free access to their credit score, credit score alerts, and a Score Simulator through TransUnion's CreditView™ Dashboard, available via usbank.com or the U.S. Bank Mobile App.	Lifestyle	Complimentary
Credit Building with Responsible Use U.S. Bank reports the cardmember's account activity including payment history and credit limit to all three major credit bureaus each month, actively supporting credit building and credit history establishment with responsible use.	Other	Complimentary
Zero Liability Protection Cardholders are not held responsible for unauthorized purchases made with their Visa card when reported promptly, subject to Visa's Zero Liability policy terms and conditions.	Security	$0 liability Up to $0

Interest Rates

Purchase APR27.49% Variable

Balance Transfer APR27.49%

Min. Interest Charge$1

Fees

Annual Fee $0 — No Annual Fee

Authorized User FeeFree

Foreign Transaction Fee3%

Balance Transfer FeeEither 3% of the amount of each transfer or $5 minimum, whichever is greater

Cash Advance FeeConvenience Check Cash Advance: either 5% of the amount of each advance or $5 minimum, whichever is greater; ATM Cash Advance and Cash Equivalent Advance: either 5% of the amount of each advance or $10 minimum, whichever is greater

Late Payment FeeUp to $41

Returned Payment FeeUp to $30

Approval & Eligibility

Approval DifficultyEasy

Credit ProfileFair

Approval OddsVery Good

Decision TimeInstant

Pre-QualificationNot available

Student EligibleYes

Co-ApplicantNot allowed

Business EligibleNo

Credit Limit Range $300 – $5,000

Issuer Rules & Restrictions

Maximum Cards per Issuer

You can hold up to 4 cards from this issuer simultaneously.

Shutdown Risk Triggers

Excessive cash advances, returned payments, going over the credit limit, extended account inactivity, missed monthly minimum payments, suspected fraud

Additional Issuer Rules

The U.S. Bank Secured Visa® Card is designed for applicants with no credit history, limited credit, or damaged credit who need to build or rebuild their credit profile; it requires a refundable security deposit of $300–$5,000 as collateral and carries no welcome bonus or spend requirements. U.S. Bank generally limits cardholders to approximately 4 concurrent personal credit cards; however, the Secured Visa is specifically targeted at applicants who may not qualify for unsecured products and is not subject to the same competitive card restrictions that apply to premium rewards cards. Responsible account management — including on-time payments and low utilization — may make the cardholder eligible for an automatic review for upgrade to an unsecured U.S. Bank credit card, at which point the security deposit is returned.

Military & Hardship

MLA Compliant

Complies with the Military Lending Act (36% APR cap for active duty servicemembers).

SCRA Benefits

U.S. Bank provides SCRA protections including a reduced interest rate at or below the federally required 6% cap on pre-service balances during active duty for eligible servicemembers; servicemembers must submit a written request along with a copy of their military orders to receive benefits.

Hardship Program

Hardship program available.

U.S. Bank Secured Visa® Card