Primor Visa Gold Secured Credit Card Review: Low Interest, High Potential [2020]

If you need to rebuild your credit — and also want a higher credit line with a low interest rate — the primor Secured Visa Gold Card could be a great fit for you.
Last updated Jan 6, 2020 | By Brett Holzhauer

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Having bad credit can put you in a tough position. Without a credit card, you aren’t able to make purchases on a day-to-day basis without always having cash in your wallet. That can be a difficult reality, especially as more businesses only accept plastic. However, secured credit cards can be a great way to give you spending power while also helping you raise your credit score.

The primor Visa Gold Secured Credit Card is a perfect example of a secured credit card that can assist both with raising your credit score and with purchases such as booking a hotel room or renting a car. With a low purchase APR (annual percentage rate) and a relatively large credit line that could allow you to make major purchases, this card is worth considering for your credit rebuilding efforts.

In this primor Visa Gold Secured Credit Card review, I’ll detail the benefits and perks of this card and how it can help you rebuild your credit.

High Credit Lines, Low Interest

primor Secured Visa Gold

primor Secured Visa Gold

primor Secured Visa Gold

Benefits

  • 9.99% fixed interest rate on purchases — with no penalty rate
  • Credit lines available from $200 to $5,000
  • No processing or application fees


Who should get this card?

If you need to build or rebuild your credit score and also desire a large credit line for upcoming purchases, the primor Secured Visa Gold Card may be a great fit for you. A secured credit card is a credit card that’s “secured” by a deposit you make when opening the account. The bank holds on to this deposit in case you don’t make a payment. This reduces the bank’s financial risk and allows it to offer you a line of credit even if you have a low credit score.

The primor Secured Visa Gold Card is helpful if your credit is less than perfect and you’re looking to improve it. Spending responsibly with a secured credit card can prove to the credit bureaus that you’re reliable in always paying your bills on time. Once you can demonstrate this, your credit score will eventually rise.

Once you get your credit up, you can eventually qualify for unsecured credit cards. These are more likely to let you earn cash back, travel rewards, and other valuable benefits.

Additionally, if you find yourself needing to carry a balance on your card, the primor Secured Visa Gold Card comes with a low interest rate.

Card basics

Annual Fee $49
Recommended Credit Score Fair, Bad, Poor
Foreign Transaction Fee 3%

Top card benefits

  • Available for people with bad credit: If your credit is less than favorable, the primor Secured Visa Gold Card is available to lend a helping hand in rebuilding it.
  • Low purchase APR: The primor Visa Gold Secured Credit Card comes with a low purchase APR of 9.99%.
  • Large credit lines available: If you need a larger credit line for the purchases you have planned, the primor Secured Visa Gold Credit Card has the potential for a secure deposit up to $5,000. How much you deposit will determine the credit line you’re given.
  • No minimum credit score needed: With the primor Secured Visa Gold Card, there’s no minimum required credit score. This means you’ll have a higher likelihood of being approved.

Common questions

Will my primor Visa Gold Secured Card ever graduate to an unsecured card?

No, it will not. If you do improve to a good credit score and wish to open an unsecured credit card, you’ll need to open a new account outside of the primor secured cards. This may be something you want to aspire to, as unsecured credit cards include rewards credit cards that allow you to earn either points or cash back.

Can you add your spouse to your primor Visa Gold Secured Card?

Yes, you can. However, there’s a fee of $29 to add your spouse or any other authorized user.

Is a primor Secured Visa Gold Card good?

It’s a good option for a person looking to rebuild their credit who also needs a large available credit line. However, the card doesn’t earn any rewards for spending or have an intro APR for purchases.

Does Green Dot report to the credit bureaus?

Yes, it does. Green Dot is the issuer of the primor Secured Gold Visa, and it reports to all three major credit bureaus (Equifax, Experian, and TransUnion). This is a great perk of this card. If you pay your bills on time, the credit bureaus will see your progress and may raise your credit score.

How much will my credit line be with the primor Visa Gold Secured Credit Card?

It depends on how much money you put down as your initial deposit. This can range from $200 to $5,000 and will be the amount of the credit line you’re given.

Can I rent a car with the primor Visa Gold Secured Credit Card?

Yes, you can. However, be aware of the deposits that rental car agencies place on your card. If a $2,500 hold is put on your card, you’ll be unable to use those funds for any other purchases until they’re released by the rental car agency. The hold will disappear a few days after you return the rental car undamaged.

Other cards to consider

The primor Secured Visa Gold Card is a very unique card, and it may or may not work for your financial needs. If it doesn’t seem like a good fit for you, consider these other secured credit card options below.

The Capital One® Secured Mastercard® comes with a wide variety of perks, including flexible payment options, travel protections, and no foreign transaction fees. However, this card isn’t the best for carrying a balance as it has a comparatively high interest rate.  

The Citi Secured Card is another option for those looking to build credit. This card is pretty basic, but on the plus side it has a $0 annual fee and flexible payment dates to support you building a positive credit history.

High Credit Lines, Low Interest

primor Secured Visa Gold

primor Secured Visa Gold

primor Secured Visa Gold

Special Offer

Fixed purchase APR of 9.9%

See how these cards compare:

Capital One® Secured Mastercard®
Capital One® Secured Mastercard®
  • $200 initial credit line after making minimum security deposit
  • Access to a higher credit line after you make your first 5 monthly payments on time
  • No annual fee
  • Pick your monthly due date
Citi Secured Mastercard
Citi Secured Mastercard
  • Flexible payment dates
  • Helps build credit
  • No annual fee