A secured credit card is designed for people who are building credit for the first time or rebuilding credit after financial challenges.

About secured credit cards

• You provide a refundable security deposit¹.             
• Your credit limit equals the amount of your deposit.
• The deposit is held in a secured savings account.
• You use the card like any other credit card for purchases.
• You make monthly payments as long as a balance is owed.

How it helps build credit

U.S. Bank reports your account activity to the three major credit bureaus². This includes information such as:

• Payments - Payment history is reported to the credit bureaus, including if payments are made on time or are late.
• Balances - Your balance and credit limits are reported to the credit bureaus. Which is then used to determine if you’ve exceeded the credit limit or remained under it.

If the reported information is favorable, you can build or improve your credit history over time.

More information

Visit our U.S. Bank Secured Visa Card page to learn more.

¹The deposit is refundable if the following criteria are met:

• Secured credit card is closed in good standing.
  OR
• Secured credit card is upgraded to an unsecured credit card.

²The three major credit bureaus we report to are TransUnion, Experian, and Equifax.