| Wells Fargo Secured Visa |
| Credit Limits |
100% of amount deposited with bank - $300-$5000
Account does not pay interest |
| Cost/Fees/Interest
rates |
| Introductory Rate |
5.9% purchase APR for first 6 months |
| Annual Fees |
$18.00 |
| One-time Processing Fee Fees |
No one-time processing fee |
| Purchase APR |
Prime Rate plus 13.24% |
| Balance Transfer APR |
Prime Rate plus 13.24% |
| Cash Advance APR |
Prime Rate plus 13.55% (min 19.99%) |
| Penalty/Default Rate APR |
23.9% |
| Min Finance Charge |
$1.00 |
| Grace Period |
20-25 days for purchases only |
| Balance Calculation Method |
Average Daily Balance (including new
purchases) |
| Balance Transfer fee |
$0 for first 30 days, then 3% min $5.00 max $50.00 |
| Convenience Checks fee |
4% min $15.00 |
| Cash Advance fee |
4% min $5.00
4% min $15.00 at other financial institutions
4% min $20.00 from other sources |
| Foreign Currency Conversion fee |
2% |
| Over-the-credit-limit fee |
$35.00 |
| Late Payment fee |
$30.00 |
