Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 429
Registered: ‎06-11-2008
0

$50 Annual Fee

US Bank has a Skypass Secured Visa that seems simple to get, but it has a $50 annual fee. Is that too much for a secured card?

“Faith is taking the first step even when you don’t see the whole staircase.”
Super Contributor
Posts: 5,759
Registered: ‎01-28-2008
0

Re: $50 Annual Fee


missypants wrote:

US Bank has a Skypass Secured Visa that seems simple to get, but it has a $50 annual fee. Is that too much for a secured card?


Yes it is!

Moderator Emeritus
Posts: 17,409
Registered: ‎07-14-2009
0

Re: $50 Annual Fee

It would be too much for me.
Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008
0

Re: $50 Annual Fee

IMO, it depends what you are comparing it to and what your options are, as well as what your interest in a relationship with US Bank is.

 

Smiley Happy

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Epic Contributor
Posts: 28,687
Registered: ‎10-23-2007
0

Re: $50 Annual Fee

I would pay the fee, wouldn't care about that and USbank is great to get in bed with however keep in mind the only thing usbank seems to care about to un-secure a card is a 680 credit score... if that is not going to be an issue in a year then I would go for it
Regular Contributor
Posts: 187
Registered: ‎09-12-2009
0

Re: $50 Annual Fee

speaking about getting in bed with a bank....smh.  i think BofA is a better bank to sleep with being that their Americard Visa has no annual fee as far as i remeber. lol

Starting Score: 490
Current Score: 522
Goal Score: 760


Take the FICO Fitness Challenge
Epic Contributor
Posts: 28,687
Registered: ‎10-23-2007
0

Re: $50 Annual Fee

I thought so to when I got a Bank of America 2 years ago and then it un-secured at 10 months and then 6 months later they closed the account with no warning. I will never bank with them again
Regular Contributor
Posts: 155
Registered: ‎04-14-2009
0

Re: $50 Annual Fee

Does anyone know what CR U.S. Bank uses also does anyone know if they are BK friendly for this card? I know that BofA is not BK friendly for there secured cards.

 

Thanks

Highlighted
Epic Contributor
Posts: 28,687
Registered: ‎10-23-2007
0

Re: $50 Annual Fee

i had bk and got the bank of america, I had to recon.

USBank is bk friendly for sure 

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.