Review of the primor® Secured Visa Classic and the primor®Secured Visa Gold Card

Brendan Harkness

Brendan Harkness | Reviews

Feb 14, 2015 | Updated Sep 14, 2016

Although Credit Card Insider does receive compensation from some card issuers as advertisers, this does not in any way influence our overall judgement of a card. First Choice Bank has not endorsed this content in any way.

Learn more about how we rate credit and charge cards.

First Choice Bank offers two secured credit card options for people with poor or no credit who want to start building up their credit history: the primor® Secured Visa Classic Card and the primor® Secured Visa Gold Card.

While these cards don’t have any flashy features, they provide a solid way for anyone to build or rebuild their credit, reporting account activity to all three credit reporting bureaus. Applicants are guaranteed approval if they meet the simple requirements to fund and pay back the cards.

For those who would prefer it, MasterCard versions of both of these cards are available as well.

Learn all about how secured credit cards work on our secured credit card resource page 
primor® Secured Visa Classic Card
Apply Now

primor® Secured Visa Classic Card

For People with
No Credit

  • Annual Fee: $39
  • Interest Rate: 13.99% (Fixed)
Quick Card Facts
  • Credit lines available from $200 to $5,000! You decide where you want to start and open your Personal Savings Deposit Account to secure your line
  • Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more!*
  • Perfect card for establishing or re-establishing credit. Reports monthly to all three national credit bureaus
  • Low fixed 13.99% interest rate on purchases - with no penalty rate!
  • Fast, easy application process
  • No processing or application fees!
  • *See application for additional details
primor® Secured Visa Gold Card
Apply Now

primor® Secured Visa Gold Card

For People with
No Credit

  • Annual Fee: $49
  • Interest Rate: 9.99% (Fixed)
Quick Card Facts
  • Low fixed 9.99% interest rate on purchases! Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more!*
  • Credit lines available from $200 to $5,000! You decide where you want to start and open your Personal Savings Deposit Account to secure your line
  • Perfect card for establishing or re-establishing credit. Reports monthly to all three national credit bureaus
  • Fast, easy application process
  • No processing or application fees!
  • *See application for additional details

The Rewards

These cards do not offer any points or cash back for purchases. They exist only to help you build up your credit.

The Benefits

You are guaranteed to be approved for these cards as long as:

  • you open a savings account at First Choice Bank to fund the credit limit of the card, from $200 to $5,000.
  • your monthly income exceeds your monthly expenses by at least $100. This information must be validated with the bank.

Whether you are using Visa or MasterCard versions of these cards, your card may include additional benefits provided directly by Visa or MasterCard. The specific benefits that come with your card will be issued to you and explained along with the card; to get an idea of the types of benefits that may be available, take a look at our listing of Visa and MasterCard benefits.

The Costs & Fees

To apply for these cards you’ll need to open a savings account with First Choice Bank, as described above. The balance of your savings account, from $200 to $5,000, will be equal to the credit limit of your card.

Card Annual Fee Regular APR Cash Advance APR
primor Secured Classic $39 13.99% (Fixed) See Terms
primor® Secured Gold $49 9.99% (Fixed) See Terms
Card Balance Transfer Fee Cash Advance Fee Foreign Transaction Fee
primor Secured Classic See Terms See Terms See Terms
 primor® Secured Gold See Terms See Terms See Terms
Card Penalty APR Late Fee Returned Payment Fee
primor Secured Classic None Up to $29 Up to $29
primor® Secured Gold None Up to $29 Up to $29

The Bottom Line

These cards were designed with one purpose in mind: to help you build up your credit, even if yours is damaged or if you have none at all. First Choice Bank has made them even easier to get with its guaranteed approval policy.

Secured credit cards are a great way to prove that you can manage your finances responsibly. Even more so than with regular credit cards, it’s vital to always pay your bill on time and not to exceed your credit limit.

Since these cards report to all three credit bureaus, your activity will be reported each month. Positive activity will build up your credit score, while negative activity like late payments will bring it down.

Eventually, as you improve your credit report, you’ll be able to qualify for more interesting credit cards that offer rewards for purchases and other benefits.

Want to learn more or apply for one of these cards? Just click the card’s name below.

primor® Secured Visa Classic Card
Apply Now

primor® Secured Visa Classic Card

For People with
No Credit

  • Annual Fee: $39
  • Interest Rate: 13.99% (Fixed)
Quick Card Facts
  • Credit lines available from $200 to $5,000! You decide where you want to start and open your Personal Savings Deposit Account to secure your line
  • Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more!*
  • Perfect card for establishing or re-establishing credit. Reports monthly to all three national credit bureaus
  • Low fixed 13.99% interest rate on purchases - with no penalty rate!
  • Fast, easy application process
  • No processing or application fees!
  • *See application for additional details
primor® Secured Visa Gold Card
Apply Now

primor® Secured Visa Gold Card

For People with
No Credit

  • Annual Fee: $49
  • Interest Rate: 9.99% (Fixed)
Quick Card Facts
  • Low fixed 9.99% interest rate on purchases! Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more!*
  • Credit lines available from $200 to $5,000! You decide where you want to start and open your Personal Savings Deposit Account to secure your line
  • Perfect card for establishing or re-establishing credit. Reports monthly to all three national credit bureaus
  • Fast, easy application process
  • No processing or application fees!
  • *See application for additional details
Not the cards for you? Take a look at our picks for the Best Secured Credit Cards – 2016!

If you use either of these cards, let us know! Click here to leave your own review of the Primor Secured Visa Classic, or click here to leave a review of the Primor Secured Visa Gold.

Was this helpful?

The Insider

John Ganotis
Two free rides from 11 US airports from Uber and American Express
John Ganotis | Nov 16, 2016

Read More
Brendan Harkness
Review of the Best Western® Rewards MasterCard®
Brendan Harkness | Oct 21, 2016

The Best Western Rewards MasterCard provides 13 points for every dollar you spend with Best Western, along with a variety of extra perks and benefits.

Read More
Brendan Harkness
Review of the Upromise® World MasterCard®
Brendan Harkness | Sep 28, 2016

The Upromise World MasterCard offers up to 10% cash back at select retailers, and you can redeem your rewards directly to your college fund or student loan.

Read More

Trusted Credit Information

Putting People First, Always.

We are advocates of the responsible use of credit, building and managing your credit history, and making informed decisions when selecting a credit card.