Wells Fargo Secured Visa® Credit Ca

Wells Fargo Secured Visa® Credit Card
When you apply, you'll be required to place a deposit of $300-$10,000 as collateral. The amount you deposit determines your credit line.
Upon approval, your funds will be transferred as a security deposit into a collateral account.
Your card will be issued within 7-10 days of approval.
You can activate and start using your Secured Card wherever Visa® cards are accepted.
A $25 annual fee will be charged to your account. Credit Terms And Conditions - Popup
Credit card subject to credit qualification. Generally, we will apply your minimum payment first to lower APR balances (such as purchases) before balances with higher APRs (such as Cash Advances).

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Fee & RatesSelected
How It Works
Annual Fee - Popup

$25 Credit Terms And Conditions - Popup

Annual Percentage Rate - Popup (APR) on purchases


18.99%
This APR will vary with the market based on the U.S. Prime Rate. Credit Terms And Conditions - Popup

Important disclosure
You can choose to stop receiving "prescreened" offers of credit from this and other companies by calling toll-free 1-888-567-8688. See PRESCREEN & OPT_OUT NOTICE at the end of the advertisement below for more information about pre-screened offers.

Terms and Conditions
Wells Fargo Secured Visa® Credit Card rate, fee, and other cost information PrintSkip Terms and Conditions
Wells Fargo® Secured Card Terms and Conditions
IMPORTANT DISCLOSURES
Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases
18.99%
This APR will vary with the market based on the U.S. Prime Rate.
Annual Percentage Rate (APR) for Balance Transfers
18.99%
This APR will vary with the market based on the U.S. Prime Rate.
APR for Cash Advances and Overdraft Protection Advances
23.99%
This APR will vary with the market based on the U.S. Prime Rate.
How to Avoid Paying Interest on Purchases
Your due date is at least 25 days after the close of each billing period. We will not charge you interest on purchases if you pay your entire balance by the due date each month.
Minimum Interest Charge
If you are charged interest, the charge will be no less than $1.00.
For Credit Card Tips from the Consumer Financial Protection Bureau
To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://​www​.consumerfinance​.gov​/learnmore.
Fees
Annual Fee
$25
Transaction Fees
• Balance Transfers
Up to 5% for each balance transfer, with a minimum of $5.
• Cash Advances
Either $10 or 5% of the amount of each advance, whichever is greater.
• Overdraft Protection Advances
$12.50 if the total of overdraft protection advances for the day is $50 or less;
$20 if the total of overdraft protection advances for the day is greater than $50.
• Foreign Currency Conversion Fee
3% of each transaction converted to U.S. dollars.
Penalty Fees
• Late payment
Applications received prior to 12:00 AM Central Standard Time 8/15/15 up to $35. Applications received on or after 12:00 AM CT 8/15/15 up to $38.
• Returned Check or Returned Payment
Applications received prior to 12:00 AM Central Standard Time 8/15/15 up to $35. Applications received on or after 12:00 AM CT 8/15/15 up to $38.

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)".
How We Will Calculate Your Variable APRs:
Unless an introductory or promotional APR is in effect, we will add a “Margin” to the U.S. Prime Rate to determine your standard variable APR. For each billing period we will use the U.S. Prime Rate, or the average of the U.S. Prime Rates if there is more than one, published in the Money Rates column of The Wall Street Journal three business days prior to your billing statement closing date. If the U.S. Prime Rate is not published or is otherwise unavailable, whether temporarily or permanently, we will select a substitute index that we believe, in our sole discretion, to be similar to the U.S. Prime Rate. Currently, the U.S. Prime Rate is 3.25 percentage points.
The "Margin" for purchases and balance transfers will be 15.74 percentage points.
The "Margin" for cash advances and overdraft protection advances will be 20.74 percentage points.
Wells Fargo reserves the right to change terms, rates (APRs) and fees, at its discretion in accordance with the Consumer Credit Card Customer Agreement and Disclosure Statement ("Agreement") for your account and applicable law.
Application of Payments: Generally, we will apply your minimum payment first to lower APR balances (such as Purchases) before balances with higher APRs (such as Cash Advances). Payments made in excess of the minimum payment will generally be applied to balances with higher APRs first before balances with lower ones.

Overdraft Protection: If you choose to link your Account to your Wells Fargo Checking account for overdraft protection, please note the following. If you have a joint checking account, you will be responsible for all advances, including interest and charges from your credit card to cover overdrafts regardless of who writes the check, makes the debit card purchase, or engages in any other transaction that causes the overdraft. An Overdraft Protection Advance fee will be charged to your Account, each day an Overdraft Protection advance is made, and interest will accrue from the date each advance is made. See Consumer Credit Card Customer Agreement and Disclosure Statement for details. Please note that you may also be able to link your Wells Fargo Savings account to your Wells Fargo Checking account for overdraft protection. No interest is charged on overdraft protection transfers from your savings account. However, fees do apply. See your Wells Fargo Consumer Account Fee and Information Schedule for details.
SECURITY INTEREST, PLEDGE, ASSIGNMENT OF COLLATERAL:
This is an application for a secured credit card account. In consideration of the issuance of this secured credit card account, you have authorized Wells Fargo Bank, N.A. to open a deposit account called the "Secured Card Collateral Account" (the "Collateral Account") in your name. To secure all of your obligations arising under this credit card account, you assign, transfer, pledge, grant a security interest in, and set over to the bank all rights, title, and interest in the Collateral Account and in all renewals, additions and proceeds of the Collateral Account, You agree that this security interest, pledge, and assignment includes and gives the Bank the right to redeem, collect and withdraw any part or the full amount of the Collateral Account upon any default under the Agreement or in the event your secured credit card account is terminated for any reason. You acknowledge and agree that this security interest, pledge, and assignment means that the bank has exclusive control over the Collateral Account, You may not make any withdrawals from the Collateral Account while it secures your credit card. The Secured Card Collateral Account is a non-interest bearing account, therefore no interest will be paid to you on the Collateral Account. This security interest, pledge, and assignment is given as security for any and all amounts you may owe, including but not limited to interest, fees and charges which may accrue under your secured credit card account. You agree that if the secured credit card account is closed for any reason, the bank may apply funds in the Collateral Account to pay off any balance on the credit card account. If there are still funds remaining in the Collateral Account after doing so, these funds may remain on deposit for up to 60 days before being remitted to you.
Collateral Account Authorization. You request that the Bank open the Collateral Account described above and agree:
The Collateral Account and Bank's practices are subject to the terms of the Collateral Account, to Federal and State laws and regulations, and to Bank policies.
To pay all charges and follow all practices set forth in the terms applicable to the Collateral Account.
To hereby stipulate to the terms of the arbitration program described in the Agreement.
To abide by all future changes to the terms and charges for the Collateral Account.
The Bank may disclose information about the Collateral Account and credit card accounts to credit reporting agencies and to other persons or agencies who, in its judgment, have legitimate business purpose for obtaining such information, subject to applicable law.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, U.S. Federal law requires financial institutions to obtain, verify, and record information that identifies each person (individual or business) who opens an account. What this means for you: when you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask for your driver's license or other identifying information.
Notice to Ohio Residents:
The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
Notice to Married Wisconsin Residents:
If you are married, by submitting your credit card application you are confirming that this credit card obligation is being incurred in the interest of your marriage and your family. No provision of any marital property agreement (pre-marital agreement), unilateral statement under 766.59 of the Wisconsin Statutes, or a court decree under 766.70 adversely affects the interest of the creditor unless the creditor, prior to the time the credit is granted, is furnished a copy of the agreement, statement or decrees or has actual knowledge of the adverse provision.