Take control of building your credit by opening an Armed Forces Bank Credit Builder Secured Visa® Credit Card. Set your own credit limit between $300 and $3,000 based on the amount you deposit into your Credit Builder Savings account. Increase your credit limit by adding funds in increments of $50 to the savings account. No application or annual fee.
By simply using your card for everyday purchases and paying it off each month, you can have a positive impact on your credit score. Making on-time payments and keeping your balances low can help successfully build your credit over time.
You are applying for a secured credit card, a product designed to help establish or rebuild credit.
You will need to deposit an amount into a savings account equal to the credit limit you are requesting. You can request an amount from $300 up to $3,000.
As an example, if you are applying for a $500 Secured Credit Card, you will need to deposit $500 into a savings account. You will then be expected to make monthly payments equal to at least the minimum payment amount shown on your monthly statement.
Important Information
To help the government fight the funding of terrorism and money laundering activities, U.S. Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. As you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your drivers license or other identifying documents. Legal Entities may be required to certify ownership and managerial control information.
No application fee. Start building good credit today.
Features
Increase your credit limit by adding funds in increments of $50 or more to the Credit Builder savings account.
Upgrade to an unsecured card with good performance.
No application fee
No over-limit fee
Automatic reporting to the three major credit bureaus to help you build a credit history
What You Need to Know
- No Annual Fee
- 25.99% fixed annual percentage rate (APR)
- Credit Builder Savings Account required
- $5.00 quarterly fee charged to the Credit Builder Savings account if not enrolled in e.Statements
- View rates and fees (PDF)
No application fee. Start building good credit today.