Additional information of Explore Secured credit card
To apply for the Regions Visa Explore Secured Card, there is one important condition you must meet: open a savings account with Regions. In case you are not approved, the funds deposited will be returned to you and the account in question will be closed.
The key advantage of this secured credit card is that you can control the amount of money you allocate to it. This allows you to develop good financial habits when using it. And if you have to travel out of the country for pleasure or business, this card has no foreign transaction fee.
Since the Visa Explore is designed to initiate or repair your credit score, your credit behavior is reported to the three major credit bureaus. To the extent that you show responsibility, punctuality and good management of your indebtedness, you will be able to opt for an unsecured plastic if you meet the requirements demanded after the evaluation.
Among the fees you should be aware of, we highlight:
- Late payment: Up to $39
- Cash advance: $10 or 4% of the amount (whichever is greater) at an APR of 30.24%.
- Balance Transfer: $10 or 4% of the amount (whichever is greater) at an APR of 28.24%.
The Regions Bank Explore Secured Visa is ideal for those who like to travel, want to take advantage of the LockIt feature, pay with Apple/Google/Samsung Pay and are looking to improve their credit score. There are many cards like these on the market, and at Busconómico you can compare the most popular ones.
Español: Tarjeta asegurada de Regions Bank