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Amalgamated Bank MasterCard Secured Gold

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Amalgamated Bank MasterCard Secured GoldThis review is for the Amalgamated Bank MasterCard Secured Gold card, one of the two secured cards offered by the Amalgamated Bank of Chicago. As a secured credit card, the Amalgamated Bank Secured Gold requires customers to make an initial deposit in order to get the account opened.

Are you looking for a secured or unsecured credit card? Use the credit card chaser tool below to compare credit cards and find out what card is best for you!

Amalgamated Bank MasterCard Secured Gold Benefits

As a rewards card, the Amalgamated Bank MasterCard Secured Gold allows customers to build their credit while earning miles for airline rewards. Each dollar spent on eligible purchases earns miles for the cardholder, and those miles can be redeemed for flights on any airline with no restrictions or blackout dates.

As a secured card, the Amalgamated Bank MasterCard Secured Gold is designed for individuals looking to rebuild their credit and who have not been able to get a traditional credit card.

Amalgamated Bank MasterCard Secured Gold cardholders are eligible to receive travel and accident insurance. There is no charge to receive the insurance as a cardholder. Amalgamated Bank MasterCard Secured Gold customers can also access their account online through the Amalgamated Bank website.

Amalgamated Bank MasterCard Secured Gold Details

The Amalgamated Bank MasterCard Secured Gold requires an initial deposit of at least $5000. In addition, there is an annual fee of $50 for cardholders.

Despite the large security deposit required by the Amalgamated Bank MasterCard Secured Gold, the card also has an annual percentage rate of Prime plus 4.5%. The minimum the annual percentage rate can be is 9.25%.

The cash advance rate is fixed at 14.5%. The balance transfer rate is Prime plus 4.5%. The late payment fee for the card is $25, and there is a fee of $25 for a returned payment.

In addition to the Secured Gold card, the Amalgamated Bank has four other cards available. These MasterCards include the Personal Gold Plus, the Secured Standard, the Personal Gold, and the Personal Standard.

Amalgamated Bank MasterCard Secured Gold Bottom Line

As a secured card, the Amalgamated Bank MasterCard Secured Gold is a good choice due to the relatively low APR. However, there is a large minimum security deposit and an annual fee required, so the card might be unattainable for some people The Amalgamated Bank offers another secured card with a higher interest rate but with no minimum required deposit.

Are you looking for a credit card? Use the online credit card chaser tool to compare credit cards.

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Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!

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Less than $2,500 More than $2,500
Always Never Sometimes