Secured Credit Card
A secured credit card is a great option to build or repair your credit. A secured credit card can be used anywhere credit cards are accepted and the payment history is reported to credit bureaus, helping to establish or rebuild your credit card. The savings collateral for this card will also earn interest.
A secured credit card is a great option if you:
- Need to establish credit—college students and young adults who have never had a credit card
- Are trying to repair your credit history
- Have been turned down for a credit card for any reason
- Need a credit card for small expenses or to rent a car, but do not want a traditional credit card
Tips to establish or rebuild your credit history:
- Use 30% or less of your Dollar Bank Secured Credit Card credit line and pay your balance off in full each month
- Check your credit report and clear any inaccuracies from your report
- Pay your bills on time
- Avoid unnecessary applications for credit
Please read the Dollar Bank Secured Credit Card disclosure information below, or view the full Secured Credit Card disclosure.
How to open an account
To get a Dollar Bank Secured Credit Card, open a Dollar Bank savings account and make a deposit of $330 or more. A hold will be placed on your deposit and you’ll get a credit line that’s equal to 90% of your deposit hold amount. The rest of the savings balance will be available for your use, and your entire savings balance will earn interest at market rates.
To open an account visit any Dollar Bank office, or call 1-800-242-2265 Monday - Friday from 8:00 AM - 8:00 PM.
Interest rates and interest charges
| Annual Percentage Rate (APR) for purchases | 15.99% This APR will vary with the market based on the Prime Rate. |
| APR for balance transfers | 15.99% This APR will vary with the market based on the Prime Rate. |
| APR for cash advances | 19.99% This APR will vary with the market based on the Prime Rate. |
| How to avoid paying interest on purchases | Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. |
| Minimum Finance Charge | If you are charged interest, the charge will be no less than $0.50. |
| 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: https://www.consumerfinance.gov/learnmore. |
Fees
| Annual fee | $15.00 |
Transaction fees - Balance Transfer - Cash Advance - Foreign Transaction | Either $5.00 or 3% of the transfer, whichever is greater. Maximum fee is $150.00. Either $5.00 or 3% of the cash advance, whichever is greater. 3% of the $US value of each transaction. $0.50 minimum. |
Penalty fees - Late Payment - Returned Payment | Up to $35.00 Up to $35.00 |
Information is current as of 8/11/2026 @ 11:32:00 AM and may change thereafter. For details call 1-800-242-2265.
How We Will Calculate Your Balance: We use a method called "average daily balance" (including new purchases). See your account agreement for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
Your APR may vary. The rate for purchases and balance transfers is determined by adding 8.99% to the Prime Rate. The rate for cash advances is determined by adding 12.99% to the Prime Rate. The Prime Rate is defined as the highest Prime Rate published in the Wall Street Journal on the 10th day of the calendar month prior to your billing cycle.
View the full Secured Credit Card disclosure.