Using U.S. Bank Secured card since 05/07 -- No major complaints-- card reports to all 3– shows as secured card on Equifax. A few tidbits of information:
- Current rate is 22.9% (down from 24.9% when I opened the card)
- $35.00 Annual fee
- Graduate to other credit product after 12 months (not sure how this works yet– I will post after 12 months)*
- Online access is awesome – if you are a US Bank customer they will link all accounts under one menu
*From USBank.com:
http://www.usbank.com/cgi_w/cfm/creditcards/secured/usb_secured_card.cfm
“Once you've demonstrated good credit habits, you'll be well on your way to getting a good credit rating. When you have managed all of your credit obligations responsibly for 12 months, we may be able to move you to another great credit card product without requiring you to secure your credit line.”
