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Bank of the Sierra Visa Secured Credit Card Review

Bank of the Sierra Visa® Secured Card
Card Category: Customer
Card Type: Secured
Credit Needed: Excellent / Good Credit
Card Rating:
The Bank of the Sierra Visa Secured Credit Card is an excellent credit card for users looking to improve or re-establish their credit history. It is especially useful for users who have been rejected by other banks, as it offers very flexible credit lines, which are based on as a system of security deposits and a low annual fee, while still giving the option to carry a balance while earning interest on your secured savings account.

Bank of the Sierra Visa Secured Credit Card Details

CARD DESCRIPTION:

  • Excellent opportunity for someone starting a credit history or for someone who has been turned down for a credit card.99
  • $35 annual fee99
  • Remember, late payments and going over the credit limit may damage your credit history.99

AVAILABLE REWARDS

Max. Rewards: No
Sign-up Bonus: No

RATES & FEES

Purchase Intro APR: n/a99
Purchase Regular APR: 21.24%99
Cash Advance Fee: 4% or $1099
Cash Advance Regular APR: 24.24%99
Balance Transfer Intro APR: n/a99
Balance Transfer Regular APR: 21.24%99
Balance Transfer Fee: 3%99
Annual Fee: $3599

Bank of the Sierra Visa Secured Credit Card Benefits

The Bank of the Sierra Visa Secured Credit Card is a solid choice if you're looking to redeem your credit reputation. It is also a great opportunity for someone just starting their credit history as it doesn't have high requirements to gain eligibility. All you need to do is open a secured savings account, which serves the purpose of security for your credit card. It's a simple and efficient system. The card offers many other benefits as well such as extended warranty coverage, auto rental collision damage waiver coverage as well as zero fraud liability. In addition to this the Bank of the Sierra Visa Secured Credit Card also offers a special offer which gives you up to a $5,000 credit limit. It also comes with a fairly low annual rate of $35.

Bank of the Sierra Visa Secured Credit Card Drawbacks

Because the Bank of the Sierra Visa Secured Credit Card works with a system of secured savings account it uses a slightly higher annual percentage rate of 21,24%. It also has a large penalty which can go as high as $37 for late payment. Another drawback is the fact that the card doesn't offer any rewards, which doesn't make it suitable for users who are looking to get a card which will provide them with points for rewards.

Contact Information

TELEPHONE

Customer Support - 1-888-454-BANK

MAILING ADDRESS

P.O. Box 1930 Porterville, CA 93258

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