Not gotten a credit card yet or being declined from having one? Then one credit card that you may be interested in is the Bank of Edwardsville Secured Visa Card.With a secured credit card, your credit limit is determined by a mandatory security deposit that you must make during the creation of the account. The bank that issues the card will have the ability to draw from this deposit at their discretion if you are ever behind in paying your monthly balance.
In this way, you will also avoid damaging your credit score and can begin to establish a more responsible credit history.
There are no rewards or sign up bonus, Security deposits are between $300 and $5,000, there is an annual fee of $35, the APR is set at 21.49%, (APR is subject to change) and late payment attracts a penalty of up to $37.
The cash advance fee is divided into three categories as follows:
- Convenience Check Cash Advance- 4% or $10 minimum, whichever is greater
- Cash Advance- 3% or $5 minimum, whichever is greater
- Cash Equivalent Advance- 4% or $20 minimum, whichever is greater
It is important to mention that the Bank of Edwardsville has made available an online banking system which enables you to view and print monthly statements, update your personal information, pay bills, perform balance transfers, review your past transactions, and more.
HOW TO LOGIN
Navigate to the EFS login page, locate the login window, enter your correct personal ID and password and click login to access your account.
Visit the login page as stated above, click on the “forgot your password” button wherein personal details like your personal ID, credit card account number, security code, last four digits of social security number, zip code and the new password will be required. Click submit to regain access to your online account.
CARD ACTIVATION/ REGISTRATION
For a functional card you need to call 1(800)558-3424 for activation and once the activation process is complete, you can enroll your credit card account by clicking on the secure registration link wherein information like credit card account number, security code, last four digits of social security number, zip code is required for a successful enrollment. Once this is done you can manage your finances from any of your smart devices or computers.
To apply you must fulfill the following:
- Be at least 18 years of age
- Have a SSN
- Valid US mailing address
- Make a deposit of $300 to $5,000
HOW TO APPLY FOR BANK OF EDWARDSVILLE SECURED VISA CARD
Visit the Bank of Edwardsville credit card page, scroll down to the Secured Visa Card option, and click the Apply Now.Next, you will be required to select whether you would like to pay your security deposit using an online banking account or by sending a cashier’s check/money order. Click the get started button beneath the option you wish to choose to continue to the application page.
Next enter your personal details Full name, Date of birth, SSN or Tax ID, Country of citizenship, Alternate country of citizenship, Country of permanent residence, Primary and mobile phone number, Email address. Housing information as well as income and employment information will be required as well.
However if you would like to add a joint applicant, select Yes and provide the necessary information. Next, you will need to provide your funding account type, account number, routing number and Funding amount of ($300-$5,000)to make your security deposit, enter your SSN/Individual Tax ID and finally tick the box to agree with the terms and condition.
Congratulations on completing the application process for the Bank of Edwardsville Secured Visa Card
Telephone: 1 (800) 558-3424
Mailing Address: Cardmember Service // P.O. Box 790408 // St. Louis, MO 63179-0408.