Our secured debit/credit cards are financial products designed to help individuals build or rebuild their credit history. Features and benefits typically associated with these cards;

• Security Deposit: To open a secured card account, the cardholder is required to provide a refundable security deposit, which acts as collateral for the credit limit. The deposit amount usually determines the credit limit, with higher deposits typically resulting in higher credit limits.


• Credit Reporting: Secured cards function similarly to traditional credit cards in terms of usage, and they report cardholder activity to major credit bureaus. Responsible use, such as making on-time payments and keeping balances low, can help individuals establish or improve their credit scores over time.


• Credit Limit: The credit limit on a secured card is usually equal to or slightly higher than the security deposit. As the cardholder demonstrates responsible credit behavior, some issuers may offer opportunities to increase the credit limit without requiring an additional deposit.


• Fees: Secured cards may come with various fees, including an annual fee, monthly maintenance fee, or other charges. It's essential for cardholders to review the fee structure carefully and choose a card with fees that align with their budget and financial goals.


• Interest Rates: Like traditional credit cards, secured cards may have variable interest rates on outstanding balances. Cardholders should pay attention to the APR (annual percentage rate) and aim to pay off their balances in full each month to avoid interest charges.


• Credit Building: Secured cards are often used as a tool to build or rebuild credit. By demonstrating responsible credit management over time, such as making timely payments and keeping balances low, individuals can improve their credit scores and eventually qualify for unsecured credit cards with better terms and rewards.


• Potential Graduation: We offer the opportunity for secured cardholders to "graduate" to an unsecured card after a period of responsible credit use. This may involve a review of the cardholder's credit history and financial situation to determine eligibility for an unsecured card.


• Access to Funds: Our secured debit cards, in particular, provide cardholders with the convenience of accessing funds from their linked deposit account, making purchases, and withdrawing cash at ATMs.