Discover how to get the support you need to rebuild your credit – without paying a fortune for it!
GO2bank Secured Visa® Credit Card: No annual fee and set your credit limit!
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It’s time for you to swap the old way of banking for a modern approach that understands your reality. After all, not everyone had the same chance to use credit. If that’s your case, know that the GO2bank Secured Visa® Credit Card is the perfect tool to solve your problem. Take advantage of the zero annual fee and make good use of this card!
It’s time for you to swap the old way of banking for a modern approach that understands your reality. After all, not everyone had the same chance to use credit. If that’s your case, know that the GO2bank Secured Visa® Credit Card is the perfect tool to solve your problem. Take advantage of the zero annual fee and make good use of this card!
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Despite being a straightforward card, the benefits of the GO2bank Secured Visa® Credit Card are all you need to access credit:
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If you've heard of secured credit cards but aren't sure if it's advantageous for you, check out the pros and cons we've prepared to help you:
Upsides and advantages
- Truly accessible: Many cards claim to be accessible but charge high fees or have complicated application processes. This is not the case with the GO2bank Secured Visa® Credit Card.
- Guidance on the journey: Rebuilding a damaged credit score or building one from scratch may seem daunting. But not with GO2Bank! You won't be left fumbling in the dark and will receive the necessary instructions to use your card correctly.
- Wide acceptance: To make this tool truly effective, GO2Bank secured the Visa network. So, you can choose where to use your card and build your credit history.
- Transparency: You won't be surprised by hidden fees. In fact, you can access all the fees that will be charged right now on the GO2Bank website.
Downsides and limitations
- It's just a credit card: Initially, a credit card should be just a credit line for making purchases. But nowadays, most consumers expect an extensive list of perks and exclusive offers like rewards programs. This is not the case with the GO2bank Secured Visa® Credit Card.
- Initial cost: Despite not charging any annual fees, the security deposit can be considered an essential upfront cost of the GO2bank Secured Visa® Credit Card. This way, you depend on a reserve amount for a functional credit limit.
- Locked funds: You can't retrieve the money from your security deposit while your card is active. You need to settle the entire card balance before requesting a refund.
In summary, this card is a good idea for those who prioritize simplicity and clarity. After all, without clear goals, it's difficult to achieve your financial objectives.
If you prefer a card full of benefits and special perks, you can check out our credit card reviews section to find an option that suits your needs.
The GO2bank Secured Visa® Credit Card offers great benefits to help you build and manage your credit. Build credit even without a history with a low $100 deposit. Track your progress with free credit scores, earn cashback on all purchases, and enjoy global Visa acceptance. Manage everything easily through the GO2bank app, all without an annual fee.
Yes, GO2bank is a real bank, operating under Green Dot Bank, an FDIC-insured institution. Your deposits are protected up to $250,000, ensuring the safety and security of your funds. Additionally, GO2bank employs advanced security measures to protect your financial information.
GO2bank reports your credit activity to all three major credit bureaus (Experian, Equifax, and TransUnion) every month. This allows you to quickly see the impact of your responsible credit card use on your credit score.
Currently, GO2Bank doesn’t offer any unsecured version of its credit card. But, after making responsible use of your GO2bank Secured Visa® Credit Card, you can probably apply for other credit cards, including the unsecured ones with extra benefits.
Looking for an alternative? We can give you an option with no security deposit if you’re looking for an unsecured credit card.
The FIT Mastercard® will fit into your credit score, even if it’s a not-so-good one. Get the ins and outs of this credit card by checking our full review on the following.
Apply for the FIT Mastercard®
Ready for a credit transformation? Learn how to apply for the FIT Mastercard® effortlessly and embark on a journey to better credit.
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