GO2bank Secured Visa® Credit Card
A low-cost secured card from Green Dot that requires just a $100 deposit and no credit check. It’s built to help you establish credit while managing your money through the linked GO2bank account.
Card Details
- Card Type: Secured credit card (minimum $100 refundable security deposit, linked to GO2bank account).
- Welcome Bonus: None
- Rewards: None – card is focused strictly on credit building
- Annual Fee: $0
- Monthly Fee: None (bank account has a $5 fee, waived with direct deposit)
- Foreign Transaction Fee: None
- Bank Issuer: Green Dot Bank, Member FDIC
- Card Network: Visa®
- Credit Reporting: Reports monthly to Experian, Equifax, and TransUnion.
About The Card
The GO2bank Secured Visa® Credit Card works hand-in-hand with a GO2bank checking account, providing both modern mobile banking and a simple path to build or rebuild credit. To qualify for the card, you must first open a GO2bank account and receive at least $100 in direct deposits within a 30-day period. Once eligible, you can apply with no credit check and secure your credit line with a refundable deposit as low as $100. That deposit sets your credit limit, and you can add more over time. GO2bank reports to all three major credit bureaus, so consistent on-time payments help establish a stronger credit profile. The card has no annual fee, no foreign transaction fees, and straightforward management through the GO2bank app. It’s a practical, low-barrier option for someone who needs both banking tools and a way to build credit responsibly.
Pros
- No Credit Check: Approval does not require a hard inquiry, making it accessible to those with no or poor credit.
- Low Deposit Requirement: Only $100 minimum deposit required, lower than most secured cards.
- No Annual Fee: Carrying the card costs nothing each year.
- Reports to All Three Bureaus: Positive activity helps build credit over time.
- Simple Account Integration: Card is managed directly through the GO2bank app alongside your bank account.
- Flexible Limit Increases: You can raise your credit line at any time by adding to your deposit.
- Extra Banking Perks: The GO2bank account includes early paycheck access, overdraft protection, savings vaults, and a large ATM network.
Cons
- Must Have GO2bank Account: You cannot apply for the card without first opening and funding a GO2bank account.
- Direct Deposit Requirement: At least $100 in deposits is required before applying.
- Low Initial Credit Line: Starts at $100 if you only place the minimum deposit.
- No Rewards Program: Card does not earn points, miles, or cash back.
- No Upgrade Path: Card cannot convert into an unsecured product; you must apply elsewhere to move up.
- Deposit Locks Up Funds: Money placed as collateral cannot be accessed until the account is closed.
Is this card for me?
The GO2bank Secured Visa® is ideal for someone starting from scratch or rebuilding credit after setbacks. With no credit check, a low $100 deposit, and $0 annual fee, it’s one of the most affordable and accessible ways to establish positive payment history. Because it reports to all three bureaus, even small purchases paid on time can help lift your credit score. On the downside, the card doesn’t grow into an unsecured product and doesn’t offer rewards, so it’s best viewed as a temporary tool for credit improvement. Once your score improves, you’ll want to apply for a traditional unsecured card with more benefits. If you need a simple, low-risk way to build credit while also having access to a digital bank account with strong features, GO2bank is a practical choice.
