If you are looking for a Business Secured Visa from American Savings Bank, you will unfortunately not find one. American Savings Bank offers a Business Visa credit card but it is not a secured card. They do offer however, a personal Secured Visa credit card. This article will give you more details about this card.
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American Savings Bank Secured Visa Credit Card Details
A secured credit card is a credit card that benefits those individuals who either have a difficult time obtaining a credit card or don’t have much of a credit history. Credit card companies will often not approve an applicant if they have a poor credit score or limited credit history. A secured credit card helps those people build their credit up.
The Secured Visa credit card is used like a normal credit card. The only difference is that your credit line is the amount of money that you have in your savings account. For example, if you have $100 in your savings account your credit card will have $100 on it in which you have access. If you savings account has $500, you have access to $500.
Because your credit line is equal to the amount of money in your account, you don’t have to worry about spending money that your don’t have, which is financially responsible. For other tips on how to be financially responsible, you can visit http://www.mymoney.gov.
American Savings Bank Secured Visa Benefits
One of the benefits of the Secured Visa credit card is that there is no annual fee, which is different from some secured credit cards. You also receive a damage waiver for when you rent a car, travel accident insurance, and a no liability policy for transactions that are unauthorized.
Secured Visa holders also can get cash advances and emergency cash disbursement in the case your card is stolen or lost.
You can easily compare online credit cards just by using the convenient credit card chaser tool right here.
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