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Public Savings Bank Classic Secured Visa® Credit Card

We're sorry, but the Public Savings Bank Classic Secured Visa® Credit Card may no longer be available to new applicants or we may no longer be able to obtain complete information related to this offer.

Below you can review the Public Savings Bank Classic Secured Visa® Credit Card and find the card's rates and fees according to our latest records, which may be outdated.

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public savings bank secured card
Required Credit Score:
Bad
Minimum. Security Deposit:
$375
4 10 reviews   Write a Review!
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Public Savings Bank Classic Secured Visa® Credit Card’s Key APRs & Fees

  • ONE-TIME FEES $75
  • ANNUAL FEE None
  • MONTHLY FEE None
  • REGULAR RATE 11.24% (V)
  • GRACE PERIOD 25 days

Public Savings Bank Classic Secured Visa® Credit Card’s Highlights

  • No Annual Fees or Monthly Maintenance Fees
  • Choose your credit limit from $300 to $2000
  • The minimum security deposit is $300. However, the application fee of $75 needs to also be paid upfront, which means that you need a minimum of $375 before you can open a Public Savings Secured Card.
  • After the first year, Public Savings Bank will charge you a Credit Limit Increase Fee of $25.00 each time you add Deposit Funds and increase the Credit Limit and a Credit Limit Decrease Request Fee of $25.00 each time you request a reduction in your Credit Limit.

Public Savings Bank Classic Secured Visa® Credit Card’s Additional Info

  • MAX LATE FEE   $20
  • MAX OVERLIMIT FEE   None
  • MAX PENALTY APR   None
  • FOREIGN TRANSACTION
    FEE  
    3%
  • SMART CHIP   No
  • CASH ADVANCE RATE 18% (V)
  • CASH ADVANCE FEE 3.5% (min $5)
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Public Savings Bank Classic Secured Visa® Credit Card Reviews

 
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4.2
Overall Rating: 4.2 / 5
Total Ratings: 10
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Aug 19, 2013
Photo of John D.
3
By:
Aug 19, 2013
The Public Savings Bank Classic Secured Credit Card does not seem like a credit card I would be interested in. Although I have bad credit and would be eligible, the required deposit of $375 is way too high. People with bad credit probably do not have that much to invest into a credit card, like myself. There is no annual or monthly fee which is a good thing. After the first year of having the credit card there is a $25 credit limit increase fee each time you deposit money to increase the credit limit. The interest rate is 11.24%. If the initial deposit for this card was much lower, more
Aug 15, 2013
Photo of Calvero D.
3
By:
Aug 15, 2013
The Public Savings Bank Classic Secured Credit Card was really a good credit card for those with bad credit, it offered an 11.24 % APR which is almost unheard of for people with bad credit. It also allowed you to choose your credit limit when you sign up by adding more to your required deposit. The only major downfall of the Public Savings Bank Classic Secured Credit Card was that deposit for the card was at least 375$, which is in almost double of other secured credit cards on the market that only require a deposit of 200$.
Aug 12, 2013
Photo of Bill S.
5
By:
Aug 12, 2013
The Public Savings Bank Classic Secured Visa Credit Card was incredibly helpful when i was working to establish and improve my credit. I was able to us it and get myself to a place where I was happy with my credit score and able to achieve more things with this new credit. There is a very decent late fee and no annual fee compared to other cards. I was really looking for something that could improve my credit without any headaches. This was much better than the American Express I was considering and I am sticking to Visa from now on! I would recommend this card to anyone!
Aug 5, 2013
Photo of Chris M.
4
By:
Aug 5, 2013
The Public Savings Bank Classic Secured Visa Credit Card is an average credit building card for people with bad or no credit. It reports to all the credit agencies and will help raise your credit score if you use it regularly and make your payments on time. The problem with the card is the outrageous fees associated with it. There's a $75 startup fee, in addition to the normal $300 you need to open the account with, as it is a secured credit card. They also charge you $25 every time you wish to increase the limit by making a deposit. No other secured card I've seen does this, and more
Aug 1, 2013
Photo of John P.
5
By:
Aug 1, 2013
I like that there is no annual fee on the Public Savings Bank Classic Secured Visa® Credit Card, most banks have that and it hits you unexpectedly each year. I also like that there are no monthly fees, saving you a bunch of money each month compared to other banks! The late fee is pretty cheap at about 20$, and the purchase rate seems fair enough. This is a great card that also lets you CHOOSE your limit from 300$ up to 2000$. I also like that there is no max over limit fee or no max limit penalty APR. Overall a great credit card!
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+5 users submitted a rating without a full review
 
Dec 19, 2012
Photo of Robinson H.
By:
Dec 19, 2012
Does anyone have a numbe for Public Bank?
Dec 20, 2012
Photo of Card H.
Dec 20, 2012
Public Savings Bank is no longer in operation, they closed in August of this year. They were absorbed by Capital Bank, who you can reach at 1-855-763-6736.
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Last updated on: Aug 19th, 2013 at 12:06 EDT