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Related Card Offer: First Option MasterCard® APR: 19.50% Intro APR: None Annual Fee: $59 Apply Now

Wells Fargo® Secured Visa® Card

APR's:
There is an introductory APR as low as 5.90% for 6 billing cycles. However, this intro rate only applies towards balance transfers. Be cautious that some card issuers may charge higher rates and fees for cash advances.

The lowest available APR is variable, meaning that the rate can change as U.S. prime rates fluctuate. You can find out how to compute your APR in the programs terms and conditions. For example, you may be instructed to add 13.24% to the U.S. prime rate.

Rewards:
This is not a rewards card.

Credit Record Needed:
Based on the FICO score recommendation, the issuer may expect applicants with troublesome credit histories. A FICO score of at least 472 is recommended for a higher chance of approval for the Wells Fargo® Secured Visa® Card, but is not required. There are a number of other factors that this issuer may also consider when making decisions for approval.

Other Basics:
The grace period listed for the Wells Fargo® Secured Visa® Card is at least 20 days. So interest charges will not be applied during those days.

This card is intended for people that want a secure line of credit. Uses for this type of card may include budgeting funds, adding deposits for later use, building a credit rating (if issuer reports to the credit bureaus), and possibly more. A secured credit line may be compared, or is similar to a debit card.

This card contains the brand of Visa, where acceptance is global. Most businesses that accept credit cards will accept Visa as a form of payment.

Approval Rate:
There were 2 people that reported their status to us after they applied. They provided us with helpful qualification information, including their credit scores, the rates offered to them, household income and more. 100% of those applicants were approved. There have been no approvals in our internal system that we can calculate for this card. This could be due to lack of time that this card has been listed at Finance Globe or from other various factors. As we gain more information about the approval rates, we will update them here. If you believe that you fall into the credit record of "Poor Credit" then you will have a better chance for approval. Furthermore, if your FICO score is close to or higher than 472, then your chance of approval may be greater than other applicants.

Approval Time:
Approval time for this offer is not listed. However, you could normally expect the approval process to be completed between 1 to 2 weeks, and an additional 1 to 2 weeks for the card to be delivered after you are approved.

Offer Details:

Don't have a credit history, or been turned down for credit in the past?

By using credit responsibly, including your Wells Fargo Secured Card, you can go a long way in building strong and healthy credit.

A Secured Visa Card works like any other credit card, and can be used wherever Visa credit cards are accepted, but requires a deposit.

• You deposit $300-$10,000 into a "collateral account." Your credit line will directly reflect the amount of your deposit.
  
• You still need to make monthly payments toward any balance you accrue, as with any other credit card.

After 12 months, you may be eligible to graduate to an unsecured credit card, and get back the money you deposited in your collateral account.

Add the optional rewards program for $19 a year

• Earn points toward airfare on any major U.S. airline, gift certificates, cash rebates, and more.
  
• Enroll while you apply for the card.

With the new Visa® Contactless feature, you can speed through the checkout line faster than ever.

It's fast and easy to compare card offers by the criteria you require. That way you get the best card for your needs.   Search Options:  Secured credit card database All credit cards

**  APR average does not include cards where APR is 0%, unless viewing offers in the secured card category. "Annual fee average" contains the average of all fees in a specific category (Secured cards), even where the fee is $0. This data is subject to Finance Globe's terms and conditions.

Options: View rates and fees for all cards.