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Frequent Contributor
Cotton_Britches
Posts: 259
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?

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Super Contributor
DI
Posts: 5,744
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
MarineVietVet
Posts: 14,577
Registered: ‎07-14-2009
0

Re: $50 Annual Fee

It would be too much for me.
Senior Contributor
txjohn
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.

 

:smileyhappy:

 

 

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Epic Contributor
Creditaddict
Posts: 21,744
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
Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
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Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
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Regular Contributor
Achase
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

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Epic Contributor
Creditaddict
Posts: 21,744
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
Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Regular Contributor
TryN2Rebuild
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

Epic Contributor
Creditaddict
Posts: 21,744
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 

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:

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