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NYCB Secured Card card

NYCB Secured Card

By the Best Credit Cards Guide editorial team · Information from the original card page, updated May 28, 2025

Annual fee
None
Recommended credit
Poor / No Credit Required
Card network
Visa
Regular purchase APR
29.24% variable based on the Prime Rate
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Check before you apply: the rates, fees and offers on this page are as listed on the original card page (updated May 28, 2025) and may have changed. Confirm current terms on the issuer’s website. Best Credit Cards Guide may be compensated by some issuers; see our Advertiser Disclosure.

At a glance

The NYCB Secured Card is designed to help those who are either new to credit or repairing damaged credit boost their score and advance to an unsecured credit card in the future. The card requires a security deposit of at least $300, which may be refunded in as little as 11 months, and the card switched to an unsecured card, depending on good payment history. The card has no annual fee.

Our review of the NYCB Secured Card

Secured credit cards are a crucial tool for boosting credit scores, and the NYCB Secured Visa from New York Community Bank is a solid option for those looking to establish or repair their credit. With flexible credit limits starting as low as $300 and the potential to advance to an unsecured card in as little as eleven months, this card offers a clear pathway to financial progress.

Flexible Credit Limits

The NYCB Secured Card requires a safety deposit that serves as collateral and determines the credit limit. Deposits can range from $300 to $5,000 in increments of $50. While the deposit doesn’t earn interest, it provides a lifeline for those looking to rebuild their credit.

A Light at the End of the Tunnel

NYCB offers a clear roadmap for cardholders to transition from a secured to an unsecured card. With on-time payments and financial responsibility, cardholders can graduate to an unsecured card and have their deposit refunded. Additionally, credit limit increases are possible in as few as seven months without the need for an additional deposit.

High Fixed-Rate APR

While the NYCB Secured Card features a high fixed interest rate in the mid-20s, making on-time payments is key to improving credit scores and mitigating the impact of the APR.

Should You Apply for the NYCB Secured Visa?

Secured cards are essential for rebuilding credit, and the NYCB Secured Card provides a clear path to financial progress. By using the card responsibly and monitoring your credit score, you can work towards upgrading to a rewards card or low APR credit card in the future.

If you’re seeking a lower rate, the First Progress Platinum Prestige Mastercard® is another excellent secured card to consider. Ultimately, the NYCB Secured Card is a strong option for those committed to improving their credit health and financial stability.

For more information on secured credit cards and the best offers available, visit our Comprehensive Secured Card Reference Page for detailed advice and tips on building your credit history.

Card features

Benefits as listed on the original card page. They can change; confirm details with the issuer.

  • No annual fee
  • Credit limits between $300 and $5,000
  • Qualify for credit limit increases in as little as 7 months
  • Possibility to upgrade to an unsecured card

Who this card may suit

  • You want to boost your credit score but have had credit issues in the past
  • You are determined to establish good credit habits and graduate to an unsecured card
  • You don’t want to pay an annual fee

Rates, fees and terms

Rates, fees and terms as listed on the original card page (updated May 28, 2025). Confirm current terms on the issuer’s site.
Annual FeeNone
Regular Purchase APR29.24% variable based on the Prime Rate
Balance Transfer APR29.24% variable based on the Prime Rate
Balance Transfer Transaction FeeEither $10 or 5% of the amount of each transfer, whichever is greater
Cash Advance APR29.99% variable based on the Prime Rate
Cash Advance Transaction FeeEither $15 or 5% of the amount of each cash advance, whichever is greater
Foreign Transaction Fee3% of the transaction amount in U.S. dollars
Late Payment Penalty FeeUp to $40
Return Payment Penalty FeeUp to $35
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: Poor Credit Limited or No Credit.

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NYCB Secured Card

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Similar cards

First Progress Platinum Select Mastercard® Secured Credit Card

  • Get a First Progress Platinum Select Card and Earn 1% Cash Back Rewards!
  • Secure your credit line with your refundable security deposit – choose from $200- $2,000 - with the ability to increase…
Annual fee
$39
Recommended credit
Poor / No Credit Required
Purchase APR
18.74% variable based on the Prime Rate
Apply Now for First Progress Platinum Select Mastercard® Secured Credit Card (opens in a new tab)Read review of First Progress Platinum Select Mastercard® Secured Credit Card