Credit Cards

Plains Commerce Bank Secured card full review

With the Plains Commerce Bank Secured card, you can reestablish your credit history. Find out more in our full review!

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by Victória Lourenço

10/21/2021 | Updated on 10/25/2021

Plains Commerce Bank Secured card

Read our full review to learn more about the Plains Commerce Bank Secured card! Source: PCB
Read our full review to learn more about the Plains Commerce Bank Secured card! Source: PCB

Many people have been in a moment where they need to reevaluate their finances and draw a plan to reestablish credit. And to do this, they might need to apply for a credit card that accepts people even with a not-so-good credit score. There are many credit cards in the market that can help people build credit, usually secured cards. And the Plains Commerce Bank Secured card is one of them.

Usually called PCB Secured card, it is a credit card by Plains Commerce Bank, and it can be a good option also for those who are starting in the credit card world and have no previous score. Plus, this credit card can give you a credit limit increase after you make all of your monthly payments on time. So, if you want to know more details about this card’s features, keep reading our full review!

Credit ScorePoor to average.
Annual Fee*$39.
*Terms apply
Regular APR18.90 variable APR.
Welcome bonusN/A.
RewardsN/A.

How to apply for Plains Commerce Bank Secured card

Need to build or rebuild credit? The Plains Commerce Bank Secured Visa card might be a good option. Read more to know how to apply!

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How does the Plains Commerce Bank Secured card work?

If you make all your payments on time, you can get a credit limit increase! Source: Unsplash
If you make all your payments on time, you can get a credit limit increase! Source: Unsplash

As this is a secured credit card, you will need to make a collateral deposit after applying. And this deposit will be equal to your credit limit. Also, you can choose to deposit between $200 and $1,000. But after your first year of account opening, you can request a credit limit increase ($5,000 maximum). Also, you might have to make additional deposits to get your credit increased, and you have to make all of your payments to qualify.

Plus, this credit card sends all of your monthly payment reports to all three major credit bureaus. And this can help you establish or reestablish credit, once you make all of your payments on time.

Even though the annual fee is $39, it will get deducted from your initial credit limit. For example, if you made a deposit of $200 and have a credit limit of $200, your initial credit will be $161.

Plains Commerce Bank Secured card benefits

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Pros

  • This credit card sends your monthly payment reports to all three major credit bureaus.
  • As a cardholder, you have access to a 24/7 account center.
  • You have a chance of approval even with a not-so-good credit score.
  • You can request a credit limit increase of up to $5,000 after your first year of account opening.

Cons

  • There is no upgrade path to an unsecured credit card with rewards and bonuses.
  • As a cardholder, you will have to pay an annual fee of $39, which will be deducted from your initial deposit.

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How good does your credit score need to be?

You don’t need a high score to qualify. Your credit score can range from poor to average. However, there are some other requirements and restrictions to be eligible for this credit card. That is, just having a poor to average score might not be enough to get approved.

How to apply for a Plains Commerce Bank Secured card?

This card might have a complicated application process. Source: Unsplash
This card might have a complicated application process. Source: Unsplash

There are some restrictions to this card’s application process. Also, it can be a bit complicated to qualify for this secured card. So, if you want to know the restrictions and requirements to apply for this Plains Commerce Bank card, read our post below with information about how to apply.

How to apply for Plains Commerce Bank Secured card

Need to build or rebuild credit? The Plains Commerce Bank Secured Visa card might be a good option. Read more to know how to apply!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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