Wells Fargo Secured Visa Card: Why You Should Opt For It
Wells Fargo Secured Visa Card is one of the best choices for those with bad credit and no credit history. You must not have the best credit score before you can opt for this Visa card option from this great reliable financial giant.
More benefit of Wells Fargo Secured Visa Card
If your security deposit secured, customers can secure a credit line as a high $10,000. Yes! So why so many secure credit cards offer a current maximum credit of $5,000, Wells Fargo Secured Visa Card users are allowed to gain access to such high, flexible, and rebus credit that leaves them with lots of flexibility when to spend and paying bills. Note that this is different from what you get when you opt for PayPal Account Setup.
Users can click this link https://www.wellsfargo.com/ to visit the official web page of Wells Fargo.
This Secured Visa Card comes with an annual holders fee of $25, far higher than that of capital one (Capital One Secured MasterCard) which Charges 0 % buy lower compared to most Secured Visa Card issuers.
It also presents users with an average interest rate: it presently offers an APR of 19.24% Variable.
So with the high credit line come a high collateral deposit for users to secure the credit.
Users don’t have any form of installment payment for their deposit. But you can have enough to buy what’s so ever you intend and at the same time keep a low credit utilization ratio.
However, the user’s credit line of $10,000 must come with collateral of a similar figure of $10,000.
The annual fee is low anyway compare to most Secured Visa Card
Issuer around. An annual payment of $25 per year.
No reward For Credit
Users stand no chance of any form of reward from Wells Fargo Secured Visa Card. Some Secured Visa Card provider brings as an incentive a reward of 1 or 2% to their client depending on their credit score.
Most users see the interest rate of 19.24% as high. But that ratio I will consider average compared to charges from similar services from other financial houses.
So for users with bad or no credit but still have lots of cash at hand can opt for this flexible credit facility that offers a high credit limit to its users.