Plastk Secured Visa Credit Card – How to apply

The Plastk Secured Visa Credit Card is another secured credit card which proves to be unique with its rewards as well as consumer resources.

It is precisely for those who want to rebuild their credit but at the same time get benefits which are not granted to a secured credit card holder.

How does the Plastk Secured Visa Credit Card work?

Plastk Secured Visa Credit Card functions like any other secured credit card where the user is required to provide security deposit which serves as credit line. It is an amount which returned when due date of the bond is arrived and this deposit guarantees the issuer in instances of default.

The minimum deposit is most often set at about CAD 300, although, the requirements can stay higher depending on many circumstances.

What make Plastk different is their rewards program where a customer earns points with every dollar spent. They offer various options as to what is to be done with these points and that is not typical for secured cards.

Also, Plastk has the provision of giving an intro APR of 0% for the first three months, which enables you stand to minimize spending more while you familiarize yourself with the card.

Main Benefits of the Plastk Secured Visa Credit Card

Concerning the benefits it provides, Plastk has the following advantages making it a suitable secured card to other card companies. 

The primary advantage of the program is in the points accumulation that one is able to use to purchase other products, gift cards, travel, among others. This is a major selling point, as many secured cards does not include a rewards program.

Another great benefit is the monthly credit report and subscription to other education tools and materials for free. It enables the users to track their scores and navigate what operating their financial future entails to the credit bureaus. 

Moreover, the card comes with the standard 0%Intro on purchases with the first three months, which is an excellent chance to purchase items with no interest while you gain experience on how to use the card.

Cons of the Plastk Secured Visa Credit Card

However, one still has to bear in mind that the Plastk Secured Visa Credit Card has some disadvantages as follows. First, we have an annual fee that to some might consider as an extra expense, though necessary. 

Also, when opening the account, security deposit is demanded and it might seem unsuitable to a number of people.

Lastly, the annual fee may be added after the grace period and the normal interest rate may be high thus this should be something to consider if one intends to keep a balance on the said credit card.

APR and Fees

If approved, that has the highest APR of 29.99% variable with the First purchase APR of 0% for the first three months of its use when the user uses the Plastk Secured Visa Credit Card. 

Also, there is a yearly fee that goes with the use of the card too charges are made annually. To avoid complications in their financial management; the individuals need to read more on the terms and conditions in order to assess the cardinality of the card.

How to Apply for the Plastk Secured Visa Credit Card

To apply for the Plastk Secured Visa Credit Card one has to fill an online form specifically on the Plastk website. 

You will need to fill in questionnaire on financial, supply us with reference details and fee deposit hepatitis c. Once it has been approved, one can start using the card and get some point extra from daily spendings.

Therefore, the Plastk Secured Visa Credit Card is one of the best secured credit card for people who want to be rewarded and keep track of their credit repair progress. 

Considering security, advantages and financial literacy this is a rather peculiar offer for those who are going to start credit history or reconstruct it.