Comments on: Public Savings Bank Secured Visa Review

By: Anna

Anna — Wed, 07 Jul 2010 17:34:44 +0000

I’ve had this card for a only a few months and already I am completely frustrated. If you get this card, DO NOT PAY YOUR BILL ONLINE! It doesn’t work. It’ll cause you to have late payments (even if you’ve already paid weeks before the due date) and it lowers your credit. It’s a nasty bit of business, and no one at the customer service is ever really willing to help. I’ll give them one last chance with snail mail payments, if that doesn’t work, I’m done.

By: bjorn

bjorn — Thu, 24 Jun 2010 14:50:07 +0000

helen..That is ciorrect..you can rent cars hotels rtc…ITSN JUST LIKE A NORMAL CC>>>i have it and it reported to all 3 credit bureaus immediately…very good experience so far..
Mt TU is 8.25 now experian 6.56

By: justine

justine — Sat, 05 Jun 2010 01:08:10 +0000

If you've suffered a bankruptcy, a secured card like Public Savings Bank Secured Visa is typically the only type of credit you will be approved of and one of the best ways to rebuild your credit. For more information on how a secured card can help you after filing bankruptcy, check out Fixing Credit After A Bankruptcy. Hope this was helpful!

By: Lory

Lory — Thu, 03 Jun 2010 20:44:20 +0000

What about bankruptcy?

By: Helen

Helen — Mon, 24 May 2010 02:14:48 +0000

I am confused between a prepaid debit card with visa/mc insignia and a guaranteed credit card. I am about to go bankrupt and be foreclosed upon due to disability. I am better but not out of the disability insurance for some time or ever. I need to be able to rent a car from time to time. The NOW card I obtained as a pre-paid debit card would not be accepted by Hertz. My former bank debit card was accepted, however, I have been declined a bank debit card due to credit rating. So, if I apply and am accepted by the Public Bank, for example, is this a bonified credit card that would be accepted by a major rental car agency. Hertz said they no longer accept pre-paid debit cards. Thank you.

By: Jay

Jay — Fri, 21 May 2010 12:41:17 +0000

It reports the whole balance? So if I put $2000 on the card it will report to all 3 bureaus that I have a credit card with a $2000 limit?

By: Kenneth Lin

Kenneth Lin — Fri, 21 May 2010 01:03:40 +0000

Correct.

By: Stephen

Stephen — Tue, 18 May 2010 17:19:07 +0000

So the card is a credit card secured by whatever amount you send in along with your activation fee. Then you can charge up to your secured amount, then what ever charges you make on the card you have to send a payment for those charges…correct?

By: Kenneth Lin

Kenneth Lin — Thu, 13 May 2010 16:48:01 +0000

If you don’t pay the bill you will be delinquent and it will hurt your credit score. This is very important. With secured credit cards, you need to make the payments. You will get your security deposit back when you cancel the cards but this is not a pre-paid card.

By: Jackie

Jackie — Mon, 10 May 2010 22:04:23 +0000

I dont’ understand this. I have a credit score of 620. I got a credit card from Orchard bank with a $300.00 limit after I filed banckruptcy 3 years ago, in which there has been no change to my score. So anyways. I fill out an application, send them $200 and the $79.00 for the activation or whatever. So does that mean I have $200 on the card when I get it? Or is that held on to if I don’t pay? So I will assume it’s held as a in case I don’t pay for a purchase. Example: I go get a tank of gas for $30.00 I pay for it with the secured card, the bill comes I pay for it just like a normal card. If the bill comes for the $30 and I don’t pay for it then that comes off my $200 deposit?? Am I understanding this correctly? Also, lets say I use it once a week to pay for my gas we will say $25.00 a week about how long before I can expect to have a good credit score?