Wells Fargo Secured Credit Card Review | Annual Fees

Filed in Credit Cards by on February 12, 2021 0 Comments

The Wells Fargo Secured Credit Card offers cardholders perks and benefits, it is designed for people with bad credit (300-619). This credit card requires a security deposit to open the account, it also counts as a major credit card, because it reports information to the major credit bureaus on a monthly basis, thereby helping you improve your credit standing.Wells Fargo Secured Credit Card

The Wells Fargo Secured Credit Card has few redeemable features and may not be as rewarding as other best secured credit cards out there. But the most outstanding benefit of the Wells Fargo Secured Credit Card is that anyone can qualify for this card.

Wells Fargo Secured Credit Card’s Highlights

$300 to $10,000 credit line depending on the amount you deposit. Funds are set aside in a non-interest bearing collateral account until your account is upgraded or closed.

Your usage activity with the card bureaus is shared by Wells Fargo. You may become eligible for upgrade to an unsecured credit card with responsible use over time.

Online Access, Automatic Payments and Account Alerts. Sort your monthly expenses against your budget with free access to budgeting and tracking tools.

Benefits: Roadside dispatch, Travel and emergency assistance services, Auto rental collision damage waiver and Cell phone protection

Zero fraud liability, Rapid Alerts and Verified by Visa to keep your account safe.

Mobile payment options with Android Pay, Apple Pay, and Samsung Pay.

Wells Fargo Secured Credit Card Rates/Fees

One-Time Fees – None

Annual Fee – $25

Monthly Fee – None

Regular Rate – 20.24% (V)

Grace Period – 25 days

MLF – $37

Maximum Overlimit Fee – None

Maximum Penalty APR –None

Foreign Transaction Fee – 3%

Cash Advance Rate – 25.24% (V)

Cash Advance Fee– 5% (min $10)

How to Apply for the Wells Fargo Secured Credit Card

Go to the application homepage of the Micro Center. Review the terms and tap continue.

In the enrollment section, fill in your personal details with the following information; First name, Middle name, Last name, Current address, City, State, Zip code, Social security number, Email Address, Date of birth, Home phone number, Cell phone number.

In the financial information section, fill in the following details; Housing status, Employer name, Work phone number, and Net annual income.

Review Terms and Conditions of the credit card, if you accept,

Click the “Submit” to submit the application.

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