Verve Secured Card

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intro purchase APR no intro offer	regular APR29.99 - 29.99% (V)

bad credit required

Editors Review

Previously Discover card, but was acquired by Mid America Bank & Trust Company and now serviced by Continental Finance.

Pros

• You can get either secured card, partly secured or unsecured depending on your credit history and FICO score
• Grace period of 25 days

Cons

• Annual fee - $125 the first year, $96 then
• Additional $30 per year fee
• $60 annual maintenance fee (billed $5/month) that is waived for the first year
• Very high APR – 29.9%
• $500 credit limit that includes $125 annual fee, so only $375 is a real credit limit

Verdict

It is just not worth it. The fees for the card are too high. You need to pay a $125 annual fee right away from the cards credit limit of $500. APR is 29.9% which is too high. You have other options like Discover it Secured credit card or Capital One Secured MasterCard.