Green Dot Primor Secured Review

Who is the Green Dot Primor Secured Card for?

The Green Dot Primor Secured card is a solid choice for anyone wanting to improve their credit score at a low cost. With no credit minimums required, anyone can apply for this card making it very simple to gain access to one.

With a minimum deposit of $200 and a maximum credit line of $5,000, this card is perfect for those who do not often spend much, such as students. This minimum deposit requirement ensures that cardholders can pay off their expenditures and boost their credit score rather than hurt it. It is also important to note that there are a $39 annual fee and a 3% foreign transaction fee, meaning there may be more valuable cards out there for fee-averse individuals who travel often.

This is an excellent card for people with bad credit scores. If cardholders make their payments on time and do not hurt their credit score in any way while owning this card, their progress will be reported to three national bureaus. This report will be instrumental in improving their scores, making it almost effortless to improve your credit score while owning this card.

Another beneficial feature is that this card offers a fixed APR of 13.99% on purchases. This is another helpful feature for those with poor credit scores since they will not be further punished by receiving a high variable interest on purchases.

Intro APR

While there is no intro APR period, the Green Dot Primor Secured card offers a fixed APR of 13.99% for all purchases. This is an extremely low-interest rate, which will benefit all users. Since this card’s target audience is people with poor credit, having lesser creditworthiness will not harm these cardholders by charging them a higher interest rate.

Rewards

There is no traditional rewards program. However, simply by owning this card and making payments on time, the credit of the cardholder will improve. This will allow them to upgrade to a rewards card after their credit score has increased by enough points.

Conclusion

This card is ultimately a good choice for anyone with a low credit score aiming to improve their creditworthiness. Although there are no rewards or bonuses, there is a low fixed APR of 13.99 making it easy to make purchases without worrying about steep interest fees. There is an annual fee, but it is very low at $39. We recommend this card to anyone who can fulfill the fees in a timely manner so as to have the best chances of maximizing their improvements on their credit score.