Credit Cards

Secured Visa® Credit Card

The Dollar Bank Secured Visa gives you all the convenience of a credit card and can be used anywhere that Visa credit cards are accepted. A secured credit card uses a savings account as collateral to guarantee the credit card, so people who don’t qualify for an unsecured credit card can qualify.
Secured Visa

To get a Secured Visa, open a Dollar Bank savings account and make a deposit of $330 or more. A hold will be placed on your deposit and you’ll get a credit line that’s equal to 90% of your deposit hold amount. The rest of the savings balance will be available for your use, and your entire savings balance will earn interest at market rates.

What are the benefits?
A secured credit card...

  • Reports payment history to credit bureaus, enabling you to establish or rebuild your credit.
  • Is a credit card. Use it to make airline reservations, rent a car or as identification for check cashing.
  • Allows your savings collateral to earn interest.
A secured card is ideal for customers who:
  • Need to establish credit—college students and young adults who have never had a credit card
  • Are trying to repair their credit history
  • Have been turned down for a credit card for any reason
  • Need a credit card for small expenses or to rent a car, but do not want a traditional credit card
Tips to establish or rebuild your credit history:
  • Use 30% or less of your Dollar Bank Secured Visa credit line and pay your balance off in full each month.
  • Check your credit report and clear any inaccuracies from your report.
  • Pay your bills on time.
  • Avoid unnecessary applications for credit.

How to get one? Visit any Dollar Bank office or call 1-800-242-BANK (2265).

Please read the Dollar Bank Secured Visa Credit Card disclosure information below.

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases 12.24%
This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers 12.24%
This APR will vary with the market based on the Prime Rate.
APR for Cash Advances 16.24%
This APR will vary with the market based on the Prime Rate.
Paying Interest Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases or balance transfers if you pay your entire balance by the due date each month. We will begin charging interest on cash advances on the transaction date.
Minimum Finance Charge If you are charged interest, the charge will be no less than $0.50.
For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore
Fees
Annual Fee $15.00
Transaction Fees
  • - Balance Transfer


  • - Cash Advance


  • - Foreign Transaction
Either $5.00 or 3% of the amount of the transfer, whichever is greater. Maximum fee is $150.00 Either $5.00 or 3% of the cash advance, whichever is greater.

3% of the $US value of each transaction. $0.50 minimum.
Penalty Fees
  • - Late Payment


  • - Returned Payment
Up to $35.00


Up to $35.00

How We Will Calculate Your Balance: We use a method called "average daily balance" (including new purchases). See your account agreement for more details.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

Your APR may vary. The rate for purchases and balance transfers is determined by adding 8.99% to the Prime Rate. The rate for cash advances is determined by adding 12.99% to the Prime Rate. The Prime Rate is defined as the highest Prime Rate published in the Wall Street Journal on the 10th day of the calendar month prior to your billing cycle.

The information in this table was printed as of 10/23/2014 and is accurate as of that date. This information may change thereafter. To find out what may have changed since that time, call 1-800-242-BANK (2265)


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1-800-828-5527

Dollar Bank representatives are available Monday through Friday from 8:00 AM to 8:00 PM and Saturday from 9:00 AM to 3:00 PM

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