GO2bank Secured Visa Credit Card
- Annual fee
- None
- Recommended credit
- Poor / No Credit Required
- Card network
- Visa
- Regular purchase APR
- 22.99%
At a glance
The GO2bank Secured Visa Credit Card is a basic secured credit card that offers decent value for its no annual fee. The card features a low deposit requirement, fixed APR, and the Visa payment network’s purchasing power.
Our review of the GO2bank Secured Visa Credit Card
The GO2bank Secured Visa Credit Card is a top choice for those looking to build credit with responsible use. This no annual fee secured card from fintech company GO2bank (part of the Green Dot family) requires an associated checking or savings account to open.
How to Open an Account
To open a GO2bank Secured Visa Credit Card account, you’ll need to have a GO2bank banking account. You can easily open an account online by providing basic information such as your name, email address, physical address, date of birth, and Social Security Number. Once your identity is verified, you can set up direct deposit through ASAP Direct Deposit or deposit money using the GO2bank mobile banking app or at a local retailer that allows Green Dot Prepaid reloads.
Upon receiving direct deposits of at least $100 within the first 30 days, you can open a GO2bank Secured Visa Credit Card with a minimum refundable deposit of $100.
No Impact on Credit Score
Since the GO2bank Secured Visa requires a bank account to open, there is no credit check involved. This means that opening the account will not impact your credit score.
Fixed-Rate APR
The GO2bank Secured Visa Credit Card features a fixed-rate APR of around 23%, slightly higher than the typical secured credit card APR of 18%. While making minimum payments is manageable, it’s important to be mindful of interest accumulating over time.
Helpful Mobile App
The GO2bank mobile app makes it easy to manage your account, check balances, monitor purchases, make payments, and even view your VantageScore.
Monthly Credit Monitoring and Reporting
Cardholders receive free monthly updates of their VantageScore credit score and benefit from regular reporting to the major credit bureaus – TransUnion, Experian, and Equifax.
Should You Apply for the GO2bank Secured Visa Credit Card?
The GO2bank Secured Visa Credit Card offers a range of benefits including no annual fee, low minimum deposit requirements, free VantageScore updates, and a helpful mobile app. While the fixed-rate APR is slightly higher than average, it is still manageable. Overall, this card is a strong contender among secured credit cards.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- No annual fee
- No credit check to apply
- Fixed-rate APR on purchases
Who this card may suit
- You have limited credit history but want to establish good credit habits
- You don’t have the money for a significant security deposit
- You prefer mobile banking over branches
- You do't want to pay an annual fee
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Regular Purchase APR | 22.99% |
| Cash Advance APR | 26.99% |
| Cash Advance Transaction Fee | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Foreign Transaction Fee | 3% of the transaction amount in U.S. dollars |
| Late Payment Penalty Fee | Up to $39 |
| Return Payment Penalty Fee | Up to $20 |
| Minimum Deposit Required | $100 |
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: Poor Credit Limited or No Credit.
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GO2bank Secured Visa Credit Card
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