Public Savings Bank is a full service consumer banking institution that offers a suite of bank products aimed at making your life easier. Here's where you can turn if you need a secured credit card. At Public Savings Bank, your credit is much more than just a plastic card. They understand that sometimes bad things happen to good people and offer a credit card product aimed at getting you back on your feet and back on track. Check out the cards below which are aimed at helping you rebuild your good credit.
Who is Public Savings Bank? Public Savings Bank is a full service consumer bank that offers a suite of traditional banking products including deposit accounts, lines of credit, personal loans, investment loans, mortgages, and secured credit cards. As a matter of fact, Public Savings Bank specializes in secured credit cards and helping people with limited credit histories establish good credit or helping people with bad credit develop sound credit management practices. Here are some great features you'll get with a Public Savings Bank credit card:
Of course, it is important to mention that a Public Savings Bank secured credit card works just like any other credit card product, meaning that you will be responsible for making regular monthly payments, remaining within your assigned limit and safeguarding your account information. But keeping your credit card account in good standing is the best way to get back on the road to financial freedom.
Your Public Savings Bank credit card will be secured by the money you deposit into a savings account you open. The more money you deposit, the higher your credit limit will be. Public Savings Bank allows its customers to open a secured credit card account with anywhere from a $300 to a $2,000 credit limit, based on the amount of money you wish to deposit. What’s even better is that your deposit will not only allow you to get a credit card, but will also be earning interest while helping you rebuild your credit.
The one drawback to this secured card is its relatively low credit limit restrictions. $2,000 is the maximum limit for a new customer in terms of a security deposit, which can be increased over time to a maximum of $10,000. And for balances over $5,000, Public Savings Bank will decrease your credit limit by 10% of your current savings account balance. These restrictions are put into place to help you manage your account effectively, however many other credit card products do not impose such limits.
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What happens if I still owe Diners Club? Currently I am paying ambank my previous credit card which is under MBF. I hold a saving accounts with this bank for almost 6 years. Frankly speaking, I need a card so that I do not need to carry so much cash around town. Do please advice me regarding this matters. TQS