Are you looking for a safe and secure credit card option that doesn’t charge an annual fee and can help you build credit with on-time payments? Meet the GO2bank Secured Visa credit card!

Here, we’ll tell you a little more about the card and everything that is important for you to know regarding the requirements, advantages, disadvantages, and important information regarding the fees charged.

In short, we are going to provide you with an honest, detailed and sincere summary about this credit card so that, at the end of this article, you can understand if it delivers everything you need.

And if at the end of the reading you want to apply for yours, we will leave very important information for you to understand how you can apply for this credit card and start enjoying the advantages offered.

The biggest advantage of this credit card is the possibility that you can apply for a card without having a bank account opened in a traditional bank. And yet having the right to very attractive bank resources. After all, Go2Bank’s goal is to simplify those processes that could be too difficult and expensive. 

On the other hand, another great advantage of this credit card is the possibility of earning up to 7% Cashback instantly when making purchases with the card in the application. However, it is very important to know that this is not a traditional bank.

And so it doesn’t do a credit check or require a minimum credit score to provide the card. That is, among the financial options that do not involve a lot of bureaucracy, the credit card offered by Go2Bank is one of the best options at the moment. 

Finally, it is important to know that this card offers overdraft protection. For this, customers can make several direct deposits in a period of 35 days and still have 24 hours to cover the overdraft without any kind of cost and after that period the cost rate is very low 

Like all credit cards, it also requires some minimum requirements for the application to be approved. In that case, you will need to indicate your personal document containing your full name.

In addition to a proof of your address, containing your recent address with your name. In addition, some personal data may be requested. For this, it is important to know that you can make your request entirely through the website. Without having to go to an agency and just need to have your personal documents, proof of residence and proof of income, if requested.

But as we mentioned earlier, this is a credit card that doesn’t do a very intense credit check. So, you don’t have to worry too much about it. Finally, you must be of legal age to apply for this credit card. 

As we told you earlier, we are here doing a sincere and honest review of this credit card. With that in mind, let’s tell you a little about the disadvantages that this payment method offers customers. Therefore, one of the major disadvantages of this card is the fact that it charges a monthly fee. Therefore, its use is not free.

In addition, there is also a requirement to receive at least 2 direct deposits of USD 400 within 35 days. Because only in this way can you activate the greatest protection of the overdraft. 

Now that you know what the requirements are for this card, you must have noticed that the application process is quite simple. After all, you won’t be going through a very extensive and detailed credit analysis. However, before you even think about ordering yours, it needs to be pointed out that you will need to make a deposit of $100 USD. And it is this deposit that will decide your credit limit.

Therefore, having the necessary documents in hand, you just need to access the website of the brand of the card and provide the necessary information. As we said earlier, he will not do any credit analysis. In the meantime, the institution will review your account to verify income and expenses. Because then they will be able to decide whether to approve.

While this is a guaranteed option, it is virtually certain that your application will be successful after making the initial security deposit. But it is necessary to be aware that due to some resources and internal evaluations, your request may be denied by the bank.

Finally, after making your request and it being approved, you will receive your card at the registered address. From then on, you just need to unlock it by following the instructions and start using it right away to get the benefits.

As we mentioned above, at this point we are going to give you an honest and truthful opinion about this credit card. After all, you may be wondering if it is an ideal alternative for your needs right now. And the answer we can give is that this card is not or considered the most ideal among the benefits it offers.

This is because, although this card does not charge an annuity fee, which is zero and without the need to spend a minimum per month, the card may not offer enough benefits to become a good option. Also, as it is a secured card, you will be required to make a security deposit initially. And it is important to validate that one of the functions that is very important for some people is the balance transfer and in this case, it is not available.

However, if you have an average or poor credit score on this credit card, it may suit your needs as it does not do a previous credit check and can be a good option for those people who would be hard pressed to get another credit card. with another institution.

Other things to consider is that this card offers additional protection against fraud and theft, and this can be a huge plus for people who travel a lot and carry their credit card with them. However, on the other hand, it is not possible to add authorized users and obtain a joint account using the card. And if this is one of your goals when applying for a credit card, this may not be the best option.

If you want to understand a little more about another credit card option similar to the one we are talking about, you can click the button below and learn about Costco Anywhere Visa. Which is a card that can meet your expectations too!