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PCB Secured Visa is a secured credit card designed to help consumers build or rebuild credit.
A security deposit is required which establishes the cardholder’s credit limit and acts as a guarantee for the issuer. the PCB Secure Visa is an affordable and effective solution
This card is accepted worldwide thanks to the Visa brand, and all activity is reported to the three main credit agencies (Equifax, Experian, TransUnion) so that users can prove their financial responsibility.
PCB Secured Visa has no perks or cashback programs, but its low annual fee makes it a great option for those looking to build credit in a controlled and economical way.
PCB Secured Visa
Build or rebuild Requires a refundableHow does the PCB Secured Visa credit card work?
The PCB Protection Visa requires the holder to pay a refundable deposit. The deposit acts as collateral and determines the amount of credit available.
The minimum amount of the deposit is usually US$200, but can be higher depending on the applicant’s financial capacity.
Cardholders can use this card like any other credit card for regular purchases and bill payments.
From online transactions to international travel. Enjoy a hassle-free financing experience.
The PCB Secured Visa provides deposit security and reports to the major credit bureaus to help you develop healthy spending and payment habits and ensure that your credit score continues to improve.
All transactions and payments are reported to the main credit agencies, so you can build up a good track record over time.
The deposit remains valid for as long as the card is active and will be fully refunded if the cardholder decides to close the account and there is no outstanding balance.
Main benefits of PCB Secured Visa
The main benefit of PCB Secured Visa is that it is more accessible to consumers who have difficulty getting approved for traditional credit cards.
Approval does not require high credit, making it a viable option for beginners or those who need to rebuild their credit.
This card has a low annual fee, which makes it cheaper than many other cards. It also reports all activity to the three main credit bureaus, helping cardholders build a solid financial history. Being part of the
Visa guarantees worldwide acceptance and makes it available for purchase in millions of stores around the world, both in-store and online.
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Cons of PCB Secured Visa
PCB Secure Visa is a great tool for building trust, it does have some limitations. The main disadvantage is the security deposit requirement, which can be an obstacle for consumers with limited financial resources.
Another negative point is that there are no benefits such as cash back or points programs that are common with traditional cards.
This means that cardholders will not receive any additional benefits when using the card.
In addition, this card does not include premium benefits such as purchase protection, travel insurance or access to exclusive programs, making it a basic option for credit-building purposes only.
APR and fees
PCB Secured Visa offers a variable APR of 19.49%, which is relatively competitive for a secured card.
This makes it a more economical option for consumers who want to have credit from time to time. However, we recommend paying off the balance in full to avoid interest charges.
This card has a low annual fee of $39, which makes it affordable compared to other secured cards that cost more.
There are no hidden fees, such as: B. For activation purposes, your deposit will be refunded, unless there is an outstanding balance.
International transactions are subject to a small fee (usually around 3%). Consumers planning to use the card outside the United States should consider this fee.
How to apply for the PCB Secured Visa
To apply for a PCB Secured Visa, you need to go to the official PCB Bank website and complete the online application form.
The form requires basic information such as name, address, annual income and the cost of the desired security deposit.
Once approved, the applicant must fill in the initial deposit, which will be used as the credit limit. The card will be issued once the deposit has been paid and sent to the registered address.
The administration of the card is completed by the PCB Bank shoulder pad or program, where cardholders can make transactions, check their free balance and set reminders.
To overestimate the benefits of the PCB Secured Visa, it is necessary to make punctual payments and keep the balance below 30% of the credit limit, which contributes to a faster rise in the credit score.
