What is a secured credit card?

A secured credit card is a credit card that requires a security deposit as collateral. It is designed to help establish, strengthen, or rebuild credit.

When you open a secured credit card, you provide a security deposit that matches your credit limit. You can then use the card to make purchases just as you would with a traditional credit card, and you'll be responsible for making monthly payments on any balance you carry.

The security deposit is not used to make your monthly payments. Instead, it is held in a savings account as collateral for the card. If you close the account in good standing, your security deposit will be returned to you.

Secured credit cards are available as a Secured Platinum or Secured Platinum Rewards card and have no annual fee. Credit limits start at $200. 

You can apply online, by phone or in person at any of our branches.