6 Facts About Green Dot Platinum Visa That Will Blow Your Mind | Green Dot Platinum Visa

The Green Dot Platinum Visa Credit Card can be an excellent choice because it does not take one into debt and the annual percentage rate is very good. This card comes with an additional high credit limit of up to $5,500, depending upon how much you place down as collateral. It is a secured credit card issued by American Express and has a long history of good customer relations. There are many perks and benefits when you use the Green Dot Platinum Visa Credit Card, but there are also some cons you should know about before applying.

One of the great things about the Green Dot Platinum Visa Credit Card is that it has none of the typical fees associated with other secured cards. These types of fees are almost never included in the cost of the secured line of credit. There is a twenty-five day grace period following your initial application and this allows you plenty of time to make all of your payments on time. This twenty-five day grace period also makes it easy to pay off your balances because by the time the introductory period is over, you will have paid off your entire balance and will no longer be paying any interest on your account.

You do have to be aware that this credit card has one very specific application process. If you are unable to meet the financial obligations set forth in the offer then the bank will require a security deposit from you. This security deposit is refundable upon the customer's failure to meet his or her obligations. If the customer is able to satisfy the obligation then they will then be permitted to withdraw the amount of the security deposit. The amount of the security deposit will vary, but it can range anywhere from one hundred and fifty dollars to three hundred and fifty dollars.

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It is important for you to understand how the terms and conditions of the green dot platinum visa and master card differ. With these cards, the initial security deposit is non-refundable and cannot be refunded. If you fail to make your monthly payments on time, then the bank will not issue you another card. You will also need to pay a certain fee each month. The monthly payments you make are determined by your personal credit limit, your bank account savings and checking account balances, and the amount of your initial security deposit.

The main thing that most people love about the green dot bank card is the ability to make payments online. The process is quite simple, but there are many people who have problems making their monthly payments. They typically have to wait until the due date, then make a payment right before they are due to be paid. Some people struggle with the fact that they often make their payments late, which further adds to their financial burdens. This is where this type of visa could be helpful.

Green Dot's best secured credit cards are available in both business and consumer formats. The business version is beneficial for those who are expanding their company or those who want to start a new business. The benefits include access to participating retailers nationwide, a debit card that allow you to make purchases online, and unlimited transactions at participating retailers worldwide. The consumer version has similar features and allows you to make payments online, but does not allow you to cash out your security deposit.

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When you apply for a green dot platinum visa secured credit card, you will be asked to answer a few standard questions. These questions will be used to determine if you are a suitable candidate to receive this type of visa. If your answers are deemed satisfactory, you will be approved for the card.

If your credit score is low or even average, you still have an opportunity to improve your score. You should consult with an experienced fico score advisor to learn how you can quickly raise your score using a few easy methods that do not require a large sum of money. After you obtain your permanent resident card, be sure to maintain a healthy credit score by making all of your payments on time and not applying for too much credit at once. By taking these simple steps, you can be on your way to enjoying the benefits of having a green dot platinum secured credit card.

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