The Huntington Secured Credit Card is targeted towards people who want to build or repair their credit score while being able to be rewarded with cash back. This card is good especially if you are just beginning your credit building process or if you are trying to rebuild credit. Not only does it assist you in constructing credit, but it also provides you with 1% cash back for every purchase that you make-an element of fun to your spending.

Applying for a Huntington Secured Credit Card is easy, especially if you are a Huntington Bank customer. If you have not been a customer, you can easily open the checking or savings account online and start. Loads of features: late fee grace period, free FICO Credit Score, and financial tips and tools to help you along the way.

Main features of the Secured Credit Card Huntington 

This secured credit card is issued by Huntington Bank, and, this company offers cards of this kind for people to have an opportunity to improve or restore their credit rating. This card is especially valuable for clients with limited or no credit history because the card offers a good starting point for the credit history formation. 

The Huntington Secured Credit Card is basic and requires the user to pay a refundable security deposit of which acts as the credit limit. There are no annual fees or maintenance fees associated with this card, unlike a lot of credit cards, hence affordable for credit building.

It has functionalities like tap to pay, NFC/Contactless payments, Apple Pay/Google Wallet compatibility to make your banking procedure up-to-date. Also, Huntington gives techniques to practice and guidelines that you can actually use when planning to transact with your credit. 

Understanding the annual fee 

Unlike many Secured credit card companies, Huntington bean Assigned Mastercard Secured Credit Card for bad credit has no yearly fee. This fee-free structure also creates an opportunity of using the card to improve on your credit without the additional charges consuming your money. 

Deciphering credit limits

The Huntington Secured Credit Card allows its users a specific refundable security deposit, which when used as the credit limit for the card. This deposit can be anywhere from $250 to $2,500 which affords you the element of choice depending on your circumstance. For instance, when you decide to put down $500 as your security amount, your credit limit will be equally be $500. 

Huntington monitors your account from time to time, and if it has been seven months since you activated the card, they will review your credit utilisation and payment to determine whether you qualify for any upgrade; in this case, an unsecured credit card.

Advantages of the Secured Credit Card Huntington

• Unlimited Cash Back: Getting 1% cash back on all purchases that you are not limited to is a great concept because you stand to benefit without any limit being placed on the amount you spend.
• Late Fee Grace: At knitwear, if you fail to make a payment on any given month, you enjoy an additional day in the following month to make the payment without attracting any penalty.
• Free FICO Credit Score: Check your FICO Credit Score monthly for no cost and see how you are coming along.

Standout advantage

The most outstanding aspect of the Huntington Secured Credit Card is the policy on Late Fee Grace. This indeed is a special grace that will give an extra day in making the minimum payment without attracting a late fee. 

Addressing potential drawbacks

• Security Deposit Required: To open the card, one has to pay a refundable security deposit, which can be a drawback to many.
• Limited Credit Limit: That is because credit limits are linked to your deposit, which limits your ability to spend as a beginner.
• Upgrade Uncertainty: That means the upgrade to an unsecured card is not automatic, and you need to behave creditworthy after the upgrade.
• 1% Cash Back: Nevertheless, it is necessary to note that cash back is unlimited, but the 1% rate is somewhat lower than in some other rewards cards.

Standout disadvantage

The only drawback that one is likely to encounter while applying for Huntington Secured Credit Card is that one is needed to deposit some amount of money that is refundable in form of security. This can pose a major problem especially to those who are in low income earning categories in the society.

Eligibility criteria 

First of all, one should be a Huntington Bank customer, and respectively possess a checking, saving, or Money Market account with the bank. To that end, you also have to pay a refundable security deposit which serves as your credit limit. The applicants should come ready to provide all personal and income particulars that the members want to verify before approving their applications.

How to apply for the Secured Credit Card Huntington

The application process to get the Huntington Secured Credit Card is easy and this makes it easy for you to start rebuilding your credit. Applying for a job with Huntington is easy because regardless if you want to do it online, through an application, or face-to-face, Huntington has made it possible.

Via website

To apply for the Secured Credit Card, one has to visit Huntington Bank website go to the application section of the Secured Credit Card. Here you need to give some of the basic details like your name, your address, Social security number, etc. 

It will also be necessary to describe your financial conditions, for example, the income level and job position. The particulars requested have to be filled and completed after which you make your refundable security deposit that may be a credit card or any other means accepted online with secure means.

Through the mobile application

If you want a mobile option, Huntington Bank offers the Huntington Secured Credit Card application on the mobile app. Look for the application in the marketplace of your device and proceed with login with your Huntington account. Go to credit cards menu and click Next, choose Secured Credit Card application. The entry of the personal and financial details as well as the payment for the security deposit can be made directly on the app. 

Through the store/branch

For the Huntington Secured Credit Card, you can fill the Huntington Bank Secured Credit Card application online but if you wish to have a more traditional approach, you can also register for this offered credit card at a Huntington Bank branch that you prefer. Get in touch with a person who can guide you through how the application works, additional questions, and help make your security deposit.