If you are eligible, you will receive the LANPASS Visa Signature® card. LANPASS Visa Signature Cardholders will receive 20,000 First Use bonus miles when the first purchase is made. If you are not eligible for the LANPASS Visa Signature® card, you will be considered for the LANPASS Visa® card. LANPASS Visa® Cardholders will receive 15,000 First Use bonus miles when the first purchase is made. If you are not eligible for the LANPASS Visa® card, you will be considered for the LANPASS Visa Secured card. LANPASS Visa® Secured Cardholders will receive 5,000 First Use bonus miles when the first purchase is made. The Secured card requires a minimum deposit of $300 provided by the cardmember that will be held in a security deposit account. Full details of the Secured card will be provided upon qualified status.
How Secured Credit Cards Work
To fund your Secured Card, print an application and mail a Cashier’s Check or Money Order ($300 minimum, $5,000 maximum).
If your application is approved, we'll send you a credit card with a credit line the same as your deposit.
- The deposit is used to open a U.S. Bank savings account to ensure your card can be paid. The savings account is FDIC-insured, earns interest and won't be touched as long as your account remains open and in good standing.
- Purchases with the LANPASS Visa Secured Card are billed to you each month as with any credit card.
- Payments are not automatically deducted from your savings account. You're responsible for making at least your minimum payment by the due date.
When you've managed all of your credit obligations responsibly and consistently for 12 months, you'll be well on your way to a stronger credit standing, and we may be able to move you to an unsecured credit card product.