Public Savings Bank Secured Black Card
Are you looking for a secured card with no APR on purchases for the first 6 months, and a relatively low APR thereafter? Then the Public Savings Bank Secured Black Card might be the one for you.
After your introductory period, the interest rate will be a low 7.99% plus Prime – and you’ll have 25 days grace period after your statement arrives in which to pay the balance and avoid interest altogether.
Interest on cash advances, however, will be charged at 10.99% during the first 6 months, and from 19.99% to 23.99% thereafter.
Should you Make a late payment; Exceed your credit limit, make a payment that is returned, or do any of these things on another account with Public Savings Bank, your interest will go to 23.99% for an indefinite period of time.
Your monthly payment will be 2% of your balance or $10 – whichever is greater.
You’ll have a one-time set up fee of $79, and NO annual fee. When you increase your credit limit, a $25 fee per increase will apply. The fee for late payments, over-limit transactions, and returned payments is also $25.
This card allows you to deposit from $300 to $1,500 upon application, with a lifetime credit limit of up to $10,000.
The Public Savings Bank Secured Black Card helps you establish a credit rating, because it reports to all 3 of the major credit bureaus, and is accepted everywhere you see the MasterCard or Visa logo.
You’ll have free 24-hour online account access, plus friendly customer service. In addition, you’ll get free Visa rewards, including auto collision damage and emergency card replacement.
Your income and credit are not a factor with the Public Savings Bank Secured Black Card – all applications are accepted.
