Having poor credit can make everyday tasks difficult, but the Secured Self Visa® Credit Card can help establish or rebuild credit. The card is more accessible now, with a $0 annual fee for the first year and a $25 annual fee thereafter, along with a 27.99% APR Variable.
The card requires a minimum security deposit of $100 and reports activity to all three credit bureaus. No credit check is needed, and users can fund the deposit with a bank account, debit card, or Self Credit Builder Account.
The secured Self Visa card is now available to the general public, allowing for qualification without a credit check. Self will review accounts automatically, potentially leading to a higher credit limit or an unsecured card in just six months.
Benefits of the Self Visa Credit Card include no credit check, a low security deposit minimum, positive customer reviews, and a highly-rated mobile app. The card’s security deposit can be funded with a Self Credit-Builder Loan, and users also get free credit scores and monitoring.
The Self Visa Credit Card charges a $25 annual fee, has a higher-than-average APR, does not offer a rewards program, and has a maximum credit limit of $3,000. The card has received criticism for outdated FAQs online.
As a Visa card, the Self Visa Credit Card is accepted wherever Visa is in the US, but not for international transactions. Payments can be made through the company’s mobile app, online, or by phone or chat during specific hours.
Consider alternatives like the Capital One Quicksilver Secured Card, which offers 1.5% cash back on every purchase and no annual fee. The Platinum Secured card from Capital One has no annual fee and a lower security deposit requirement.
The opensky Secured Card, like the Self Visa, doesn’t require a credit check and offers more flexibility. Cardholders can apply for a credit limit increase and boost their security deposit. Qualification for the Self Visa card is based on meeting eligibility requirements.
Read more at Yahoo Finance: A basic credit-builder card with a low minimum deposit