Fifth Third Secured Card
- Annual fee
- $24
- Recommended credit
- No Credit Required
- Card network
- Mastercard
- Regular purchase APR
- 29.24% variable based on the Prime Rate
At a glance
The Fifth Third Secured Card is a sound secured credit card and a helpful tool that can help you either build or repair your credit history with responsible use.
Our review of the Fifth Third Secured Card
If you’re looking to establish or rebuild your credit history, the Fifth Third Secured Card could be the perfect tool to help you achieve your financial goals. This secured credit card requires a security deposit as collateral, making it a great option for those with limited or damaged credit.
While the Fifth Third Secured Card functions like a traditional unsecured credit card, it lacks the bells and whistles of rewards and perks. However, it does offer standard benefits like zero liability protection and extended warranty coverage on eligible purchases. Plus, Fifth Third provides additional coverage for your cell phone against damage and theft when you pay your wireless bill with the card.
When used responsibly, the Fifth Third Secured Card can help you improve your credit health over time. By making on-time payments and keeping your credit utilization low, you can demonstrate positive financial behavior to the major credit bureaus. However, be mindful of the high purchase APR and annual fee associated with this card.
Overall, the Fifth Third Secured Card is a solid option for those looking to build or rebuild their credit. Consider this card as a stepping stone towards a healthier financial future.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- The Fifth Third Secured Card is a sound secured credit card and a helpful tool that can help you either build or repair your credit history with responsible use.
- Your credit limit will be tied to your deposit amount
- Build your credit history—important account information is shared with the three major credit bureaus
- Build, or rebuild, your credit history with each purchase
Who this card may suit
- You have little or no credit history, including a low credit score
- You have a credit history in need of repair
- You want a credit card that will keep you organized with your spending
- You're looking for a credit card that will report your commendable behavior to credit reporting bureaus
- You want the same convenience and benefits you’d get from a traditional unsecured credit card
Rates, fees and terms
| Annual Fee | $24 |
|---|---|
| Regular Purchase APR | 29.24% variable based on the Prime Rate |
| Balance Transfer APR | 23.24% variable based on the Prime Rate |
| Balance Transfer Transaction Fee | Either $5 or 4% of the amount of each balance transfer, whichever is greater |
| Cash Advance APR | 29.99% variable based on the Prime Rate |
| Cash Advance Transaction Fee | Either $5 or 4% of the amount of each balance transfer, whichever is greater |
| Foreign Transaction Fee | 3% of the transaction amount in U.S. dollars |
| Late Payment Penalty Fee | Up to $40 |
| Minimum Deposit Required | $300 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Limited or No Credit.
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Fifth Third Secured Card
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