It works like any other credit card except it requires a security deposit which is held as collateral for your account.
Plus you receive these great benefits:
- Graduation Eligibility: With responsible use, you may become eligible for graduation to an Unsecured Credit Card in as little as 13 months.
- Free FICO Score1
- Fraud Monitoring and Zero Fraud Liability
- Text & Email Fraud Alerts
- Travel Accident Insurance2
- Cell Phone Protection3
- Mobile Payments
- 24/7, U.S.-based Customer Service
- Financial Education
*Your Annual Percentage Rate (APR) will vary based on the U.S. Prime Rate as published in the Wall Street Journal. We add a margin to the Prime Rate to determine variable APRs. We use the highest Prime Rate listed in The Wall Street Journal on the last business day of the calendar month prior to your statement closing date (“Last Business Day”) and apply it beginning with the first billing period following the Last Business Day. The APR shown here is based on a 8.50% Prime Rate. The APR is determined by adding a margin to the Prime Rate. The margin for the APR for Purchases and Balance Transfers is 15.74% and for Cash Advances is 18.74%. The Secured Credit Card APR is currently 24.24%. This APR is accurate as of September 1, 2023 and subject to change.To find out what may have changed, contact us or check our website for the current rate. For each billing period, the Annual Fee $29.00, Transaction Fees, Balance Transfer, Cash Advance either $5 or 3% of each balance transferred, whichever is greater. Foreign Transaction 1% of the U.S. dollar amount of each transaction made in a foreign currency, in U.S. dollars outside the U.S., or (whether in a foreign currency or in U.S. dollars) with a foreign merchant. Penalty Fees, Late Payment up to $40.00. Over-the Credit Limit $0.00 Returned Payment Up to $40.00. Subject to credit approval. This card is issued by TCM Bank, N.A.
1FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. FICO® Scores are updated monthly. You may not see your FICO® Score right away. Some exclusions apply. Cardholders receiving employee pricing are not eligible.
2Coverage applies when the entire cost of the fare (less redeemable certificates, vouchers, or coupons) has beed charged to the card. Your account must be in good standing. Restrictions to coverage may apply.
3Certain terms, conditions and exclusions apply. In order for the coverage to apply, you must charge your eligible cellular wireless bill to your covered TCM Bank-issued card. To learn more about this benefit visit the FAQ section at www.cardbenefitservices.com or call 1-866-894-8569.