U.S. Bank has launched secured versions of the Cash+ & Altitude Go credit cards. Consumers with little to no credit history or a bad credit history can apply for these cards with a security deposit of $500 – $5,000. Both cards come with no sign up bonus, no annual fee and the normal earning rates. In the past U.S. Bank has graduated secured cards to unsecured cards after a period of at least one year and it’s also possible to add funds to your security deposit to increase the credit limit with no hard pull.
It’s great to see more secured products with the same rewards program as there unsecured counter parts and with no annual fees.
Hat tip to reader Ryan
