Wells Fargo Secured Card

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at issuer’s secured site
bad credit
intro purchase APR N.A.regular APR19.24% (V)
intro BT APR 19.24% 5% BT fee min $5

$25 annual fee

25 days grace period

Editors Review

Pros

  • reports to 3 major credit bureaus
  • 25 days grace period
  • you get standard VISA benefits - rental car collision damage waiver and other travel perks

Cons

  • No significant drawbacks found

Verdict

It is a secured, so we will nod judge it on benefits and bonuses but in the ability to build your credit and affordability. This card delivers in both aspects. For a moderate $25 annual fee you get a card that reports to all 3 major credit agencies, so it is building your credit history; 25 days grace period and an average APR of 18.99% helps to maintain your credit account.

Do not forget that secured cards are not about carrying a balance, but for paying it off every month in full and building a better credit.

Last updated: 12/24/2015


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