← See Secured Cards

Green Dot Visa® Secured Credit Card Review

Last updated
Green Dot Visa® Secured Credit Card
Our Take:

The Green Dot Platinum Visa secured credit card is a sensible choice for people who have exhausted their credit card search with no luck because of "Poor" credit. It isn't the most rewarding secured card, but it's easy to qualify for and allows people with "Poor" credit to build their score. Skip to our full review

Apply Now
On Green Dot Bank’s secure website
  • Highlights:
    • Good credit or bank account not required
    • Your application will not impact your credit score
    • Initial security deposit can be as low as $200
    • Raise your credit score with responsible card use
    • See additional Green Dot Visa® Secured Credit Card details
  • Deposit Amount
    See Terms
  • Regular APR
    See Terms
  • Annual Fee
    See Terms
    • 300629
    Bad and No Credit
  • Annual Fee
    See Terms
Show additional fees
CardGuru’s Ratings
Purchase APR
4.5
Annual Fee
3.5
Overall
4

Our Review

The Green Dot Platinum Visa card is a reasonable choice for people, with a credit score of “Poor”, who have had trouble getting approved otherwise. This card is issued by Green Dot Bank, a consumer-friendly and technology-driven financial institution. If approved for the Green Dot Platinum Visa, you will be expected to make a deposit that will serve as your credit limit.

Because Green Dot doesn’t offer an unsecured option to which consumers can upgrade when their score is healing, in order to get your deposit back, you have to close the account once you get a better offer from another issuer. That’s not great for consumers because, when you leave your account open, it's usually better for your score in the long run.

That said, qualifying for the Green Dot Platinum is relatively easy. So, if you’ve been denied other similar options with more benefits, this card might be a good bet for you. Despite having many fees and no rewards, what this card does offer is a chance at building a good credit score once and for all. There are better options out there though, even for secured cards, so only apply for this one when you’ve exhausted all of those.

Related Cards
Capital One Secured Mastercard
Capital One Secured Mastercard
OpenSky Secured Visa
OpenSky Secured Visa
First Progress Platinum Prestige MasterCard® Secured Credit Card
First Progress Platinum Prestige MasterCard® Secured Credit Card
Recommended Articles
Featured image: Capital One SavorOne Cash Rewards
Capital One SavorOne Cash Rewards
by Daniel Alexander1 minute read
Applied Bank Secured Visa Gold Preferred
by Daniel Alexander1 minute read
Discover It Student Chrome
by Daniel Alexander1 minute read
Everything You Need To Know About:
Advertiser Disclosure:

The credit card offers that appear on this site are from credit card issuers from which CardGuru.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CardGuru.com does not include all credit card offers that might be available to consumers in the marketplace.

Editorial Note:

This content is not provided by Green Dot Bank. Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Green Dot Bank.