Frost Bank Secured Platinum Visa: The Smart Choice for Building Credit

The Frost Bank Secured Platinum Visa is an ideal solution for individuals looking to establish or rebuild their credit history. Issued by Frost Bank, this secured credit card is designed for responsible consumers who seek both accessibility and rewarding experiences. Below is a comprehensive overview detailing the features, fees, and benefits associated with this card.

Card Type

The Frost Bank Secured Platinum Visa is classified as a secured credit card. Unlike traditional credit cards, a secured card requires a cash deposit that serves as collateral against your credit limit. This feature makes it particularly suitable for individuals who may have limited or damaged credit histories.

Annual Fee

Possibly one of the most attractive aspects of the Frost Bank Secured Platinum Visa is that it comes with no annual fee. This feature allows cardholders to manage their finances without worrying about additional costs that can eat into their budget.

Rewards Program

The card offers a straightforward rewards program tailored to suit everyday spending. While secured cards typically have limited rewards, this card allows users to earn points on their purchases that can be redeemed for cashback. Cardholders can start accumulating rewards by making eligible purchases which can later be applied toward statement credits or transferred for other benefits.

Sign-Up Bonus

New applicants for the Frost Bank Secured Platinum Visa are eligible for a sign-up bonus. Upon meeting the initial spending requirement of $500 in the first three months of card ownership, cardholders can earn $100 in cashback. This bonus is a motivating factor for new cardholders looking for immediate rewards.

APR (Annual Percentage Rate)

The card features a competitive regular APR of 18.24%. While this rate is reasonable for secured cards, it’s crucial to assess spending habits carefully. There are no introductory APR offers, so prompt payments are advisable to avoid high-interest charges.

Foreign Transaction Fees

This card charges a foreign transaction fee of 3%. If you frequently travel abroad or make purchases in foreign currencies, it’s important to keep this fee in mind as it can add up quickly.

Balance Transfer Options

The Frost Bank Secured Platinum Visa does not offer any special balance transfer options. However, cardholders are encouraged to maintain low balances to uphold their credit scores effectively.

Additional Fees

Aside from the foreign transaction fee, cardholders should also be aware of the potential for late fees, which can be up to $39, and cash advance fees of either $10 or 3% of the amount of each cash advance, whichever is greater.

Card Benefits and Perks

The Frost Bank Secured Platinum Visa brings several benefits and perks to the table, including purchase protection, which covers eligible purchases against damage or theft. Cardholders may also access travel accident insurance, providing peace of mind while traveling. Although perks may be limited compared to premium cards, the advantages provided are valuable for those seeking basic protection.

Customer Protections and Insurance

This card includes comprehensive customer protections, including fraud liability that protects users from unauthorized purchases. Additionally, the card offers rental car insurance, making it convenient for travelers without needing additional coverage.

Eligibility and Credit Score Requirements

Individuals seeking approval for the Frost Bank Secured Platinum Visa should aim for a credit score of at least 580. Additionally, applicants must provide a cash deposit that becomes their credit limit, typically starting at a minimum of $300. This makes the card accessible for a diverse range of consumers.

Introductory Offers

Currently, there are no introductory offers related to 0% APR for purchases or balance transfers. Therefore, users should implement prudent financial management from the outset.

Special Features or Unique Selling Points

A significant distinguishing factor for the Frost Bank Secured Platinum Visa is its straightforward nature, making it user-friendly for newcomers to credit. This card lays the groundwork for responsible spending while allowing users to build or rebuild their credit profile.

How to Apply

Applying for the Frost Bank Secured Platinum Visa is seamless and can be done UpCube.net or go directly to the