Wells Fargo Secured Credit Card Review

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With the holidays just around the corner, many people are starting to think about what they’re going to get for themselves and their loved ones. And for those who love shopping, there’s nothing like a good credit card deal. But be careful – before you sign up for that great offer, make sure to read our review of Wells Fargo Secured Credit Cards. We’ll give you all the information you need to make an informed decision, so that you can get the card that’s best for you.

What is a Wells Fargo Secured Credit Card?

Wells Fargo offers a secured credit card that is perfect for those who want a low-rate credit card with some added security. The Wells Fargo Secured Credit Card has an introductory APR of 0% on Purchases and Balance Transfers for the first 12 months and then a variable APR of 14.24%-25.99%. This means that you will not be charged interest on Purchases and Balance Transfers during the promotional period, but after the promotional period ends you will be subject to a variable APR of 14.24%-25.99%. In addition, there is no annual fee associated with this card.

The benefits of owning a Wells Fargo Secured Credit Card include:

-No annual fees
-Low introductory APR of 0% on Purchases and Balance Transfers for the first 12 months
-Variable APR of 14.24%-25.99% after the promotional period ends

How Wells Fargo Secured Credit Cards Work

Wells Fargo is one of the most well-known and respected banks in the United States. They offer a secured credit card that can help improve your credit score. This card works similarly to a standard credit card, but it requires a security deposit that you will be able to use to pay for purchases if your account is in good standing. Wells Fargo also offers a customer service team that can help with any issues you may have with your secured card.

To qualify for a Wells Fargo secured credit card, you must have excellent credit and have at least one open account with the bank. Once you have been approved, you will need to provide the bank with some documentation such as your driver’s license or passport. In addition, you will need to provide proof of income such as pays stubs or recent tax returns. Lastly, you will need to submit a security deposit which can range from $200 to $2,000.

Once you have submitted all of the necessary documents, your secured card will be processed and should be sent to your email address or mailing address within two weeks. You can then start making purchases on your secured card by providing the bank with your security deposit information each time you make a purchase. Your account must remain in good standing for at least six months in order for the security deposit to be returned to you.

The Pros and Cons of Wells Fargo Secured Credit Cards

The Wells Fargo Secured Credit Card is a good option for those who need some extra security for their finances. The card offers excellent rewards, flexible spending options, and low interest rates. However, there are some cons to consider before signing up for a card with Wells Fargo. First and foremost, the card is only available to individuals with good credit. Second, the APR on the Wells Fargo Secured Credit Card can be high compared to other cards on the market. Third, there is no grace period on late payments, so make sure you are keeping up with your payments on time if you want to avoid getting penalized.

Conclusion

Wells Fargo secured credit cards may be a great option for people who need a secure credit card that offers good rewards programs. These cards are available to people with excellent credit and provide an opportunity to earn rewards on purchases. Wells Fargo secured cards also offer some protections, such as 24/7 personal assistance and 247 customer service.