Green Dot Platinum Visa Overview

Learn more about the Green Dot Platinum Visa secured credit card with a list of features and benefits, pros & cons, and FAQs.

Updated on November 6th, 2019

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Green Dot Platinum Visa is a secured credit card that comes with a fixed APR, multiple payment locations, and does not require a minimum credit score. Cardholders use the Green Dot secured credit card to improve or establish their credit score.

Rates and Fees:

Rate or Fee Type

Amount

Annual Fee

$39.00

Purchase APR

19.99%

Cash Advance APR

19.99%

Green Dot Platinum Visa Secured Credit Card
Review:

Pros: Available to use internationally, does not require a minimum credit score, and comes with a fixed APR.

Cons: No reward points, miles, or cashback.

Bottomline: Good secured credit card to build credit with multiple payment locations, including over 90,000 retail locations nationwide.

Key Information:

Founder

Steve Streit

Founded

1999

Headquarters

Pasadena, California

President/CEO

Steve Streit

Number of Employees

1,001-5,000

Address

3465 E. Foothill Blvd., Pasadena, CA 91107

Phone number

1 (866) 795-7597

Website

www.greendot.com/for-people/our-products/secured-credit-card

Features and Benefits:

Control your own credit limit.

Green Dot requires a refundable deposit to act as collateral. The amount you deposit, which starts at $200, will act as your credit limit. If you wish to increase your credit limit, Green Dot accepts deposits of up to $5,000.

Quick and easy application process.

When applying for a Green Dot secured credit card, you will not be required to have a minimum credit score or have to open a bank account. Cardholders will be able to apply for a card using a poor credit score and will not need to undergo any credit checks.

Various payment terminals and locations.

Cardholders can make payments using Green Dot's multiple payment locations and terminals. Payment options include Green Dot's online website and MoneyPak. In addition, Green Dot users can make use of payment locations in 90,000+ retail stores nationwide.

FAQs:

Is Green Dot secured credit card good?

Green Dot Platinum Visa secured credit card has an annual cost of $39.00 and includes various benefits and features that effectively help cardholders build or repair their credit. It offers users a fixed APR, multiple payment locations, and does not require a minimum credit score.

Does Green Dot platinum have an app?

No. However, Green Dot does offer a payments terminal on their website and users can make payments using the Prism mobile app.

Does Green Dot secured card report to credit bureaus?

Yes. Green Dot reports to the three major credit bureaus.

How does the Green Dot Platinum Visa Secured Card work?

The Green Dot Platinum Visa secured credit card works as a traditional credit card and is available to use nationwide and internationally. With a fixed APR and multiple payment locations, cardholders can start to repair or build their credit score when used responsibly, as payment activity is reported to the three major credit bureaus.