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We give the Green Dot primor® Secured Visa® Platinum Card two out of five Stars. While it provides a way to establish or repair credit, we’ve received multiple reports of poor customer service. Therefore, we recommend you take a look at other options.
The Green Dot primor Secured Visa Platinum card was created to help establish or repair your credit, following an initial, refundable security deposit.
Building credit is the singular focus of this card. As such, there are no rewards, and it’s hard to say what benefits you’ll get.
We’ve also received reports of subpar customer service, so you may wish to check out other secured card options before deciding this is the one for you.
Read on to learn more.
Because this is a secured credit card, you’ll be required to make a one-time, refundable security deposit that will form your starting credit limit.
The minimum deposit you can make is $200, up to a max of $5,000 (depending on your creditworthiness). You can also request to increase your credit limit beyond what you initially provided, by depositing additional funds.
You can make this deposit in a few ways:
Should you choose to deposit via debit card, your credit line will be available within one business day. If you choose to make your deposit at a retail store, it should be available within minutes.
If you mail in your check or money order, either for your full deposit or to tack on to one you’ve already made, expect it to take up to 10 days from when your payment has been received.
Lastly, there might be a fee of $4.95 for depositing at a store, and some stores may have a $500 limit. But you can mail a check or money order to make up the difference, if you like.
You’ll have 60 days after you’re approved for the card to make your deposit. If you don’t, you’ll have to reapply.
We recommend depositing as much as you’re able. Having a higher credit line is much more useful than having a lower one. You’ll worry less about declines when making larger purchases, knowing you have a sizable line of credit backing you up. Having a larger line of credit can also help keep your credit utilization low. Lower utilization can lead to less of a negative impact on your credit scores.
To get your deposit back, you’ll need to pay your entire balance and close your credit card account.
There are other cards on the market that could help you rebuild credit, if this card doesn’t do it for you. You can see some of our favorites right here.
You may receive some basic Visa benefits with your card. But the card issuer doesn’t explicitly state which benefits those will be, so we can’t definitively say what you will or will not have.
You could get some combination of travel and shopping protections, but it’s hard to say for sure. You can see some of the benefits Visa cards provide here.
|Purchase APR||Balance Transfer APR||Cash Advance APR|
|19.99% Fixed||None||19.99% Fixed|
|Annual Fee||Foreign Transaction Fee|
|Balance Transfer Fee||Cash Advance Fee|
|None||5%, $5 minimum|
|Penalty APR||Late Fee||Returned Payment Fee|
|None||Up to $27||Up to $27|
There’s really not much to see here, aside from the annual fee. You won’t be able to make any balance transfers, and there’s a foreign transaction fee so you won’t want to use this card if you’re going to be traveling out of the country.
As far as secured cards go, you could probably do better than the Green Dot primor® Secured Visa® Platinum Card.
While it can help you establish positive credit, there are better cards out there with more favorable terms. The customer service isn’t great, it offers little in the way of benefits, provides no rewards, and has an annual fee.
There are cards available for bad credit (both secured and unsecured) with no annual fee that can help repair credit. They can also provide stronger customer service, useful benefits including ways to monitor your credit scores, and reward programs. Therefore, it’d be best to look at all your available options before settling on this one — see some solid alternatives below.
Just hit the Apply Now button for the Green Dot primor Secured Visa Platinum. You’ll be directed to the card issuer’s website, where you can securely apply. You’ll typically hear back pretty quickly whether or not you’ve been approved.
However, that doesn’t mean everyone will make the cut. If there’s some issue with your application, like some of the information not being sound, you may not be approved.
You can deposit anything from $200–$5,000, depending on your creditworthiness, which will form your initial credit line.
Yes, you can request on Green Dot’s site to increase your line of credit. However, you’ll be required to make another deposit to do so.
No, you’ll be required to make your deposit within 60 days after you’re approved. Otherwise, you’ll have to reapply.
You can make your security deposit with a debit card, a mail-in check or money order, or by making a transaction at a retail store.
Yes, you’ll need to pay off your balance in full and close your credit card account in order to get your deposit refunded. If you need further information, here’s an in-depth explanation of the security deposit.
Need some tips about paying your credit card? Take a look at our guide.
The information related to Discover it® Secured has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
The information related to Capital One® Secured Mastercard® has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
Do you use the Green Dot primor Secured Visa Platinum Card? Has it had an impact on your credit scores? Let us know in the comments!
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The Green Dot primor Secured Visa Platinum is a secured card, meaning it requires an initial deposit. It’s designed to help establish positive credit, and that’s about all it does. However, we’ve received multiple reports of poor customer service, and recommend you choose a different card.
Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.
The information related to Discover it® Secured, Capital One® Secured Mastercard®, and Capital One® Platinum Credit Card have been collected by Credit Card Insider and have not been reviewed or provided by the issuer or provider of these products.
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