Secured Visa® Credit Card
Build Your Credit
If you need to improve or re-establish your credit history1, here's a great way to begin that process. With the Secured Card, you'll enjoy the convenience of credit including the option to carry a balance while earning interest on your secured savings account.
The Secured Card provides an excellent opportunity for someone starting a credit history or for someone who has been turned down for a credit card.
How It Works
Simply open a secured savings account that is pledged as security for your credit card account. Merchants and retailers won't know your card is secured when you use it to make purchases.
Cardmember Benefits
Consumer Credit cards also come with a variety of important features, including:
- Extended warranty coverage
- Auto rental collision damage waiver coverage
- Zero fraud liability
See Consumer Card Features and Benefits for a complete list of all card benefits.
Minimum Requirements
The applicant must be 18 years of age and have a U.S. address and a Social Security number. A minimum security deposit of $300 is required ($5,000 maximum).
Annual Fee
Cardholders pay a $35 Annual Fee.
Secured Card Frequently Asked Questions
We may change APRs, fees, and other Account terms in the future based on your experience with Elan Financial Services and its affiliates as provided under the Cardmember Agreement and applicable law.
1 Late payments and going over the credit limit may damage your credit history.
² Elan Financial Services provides zero fraud liability for unauthorized transactions.
The cardholder must notify Elan Financial Services promptly of any unauthorized use. Certain conditions and limitations may apply.
