• Skip to primary navigation
  • Skip to main content
  • Skip to footer

FinanceJar

FinanceJar

Take the next step on your journey

  • Credit Scores
    • Get Free Credit Score
    • Get Your Free FICO Score
    • Credit Score Range
  • Credit Repair
  • Credit Reports
    • Credit Inquiries
  • Credit Cards
    • Credit Card Reviews
    • Best Credit Cards for Bad Credit
    • Fair Credit
    • No Credit
    • Building Credit
    • Secured
    • Unsecured
    • 0% Interest
    • No Annual Fee
    • Guaranteed Approval
    • No Credit Check
    • No Foreign Transaction Fee
    • Gas
    • Students
  • Debt
    • List of Collection Agencies
  • Loans
  • About Us
  • 24/7 Support:

    323-649-8707

Home Credit Cards Reviews Self Visa®

Self Visa® + Credit Builder Account 2025 Review: Build Credit Fast

Written by Kari Dearie

Updated Nov 30, 2022

Fresh advice you can trust

We promise to always deliver the best financial advice that we can. Our writers and editors follow strict editorial standards and operate independently from our advertisers and affiliates. Learn more about how we make money.

The Self Visa® is a unique card for building credit, as it lets you build credit through two accounts instead of one. First, you open a Self credit builder account and get an installment loan. After 3 months and meeting the minimal requirements, you can automatically qualify for a Self Visa®.

As the credit card doesn’t require a credit check and offers credit building on two fronts, it’s a good option for new borrowers or credit repairers. However, beware of its annual fee, high APR, and limited functionality.

Self Visa® + Credit Builder Account

Self Visa credit card Apply Now

on Self's secure site

Rates & Fees
3.8
Annual Fee

$25

Credit Score

300–669

Deposit

$100

Purchase APR

26.99% (variable)

At a Glance

The Self Visa® credit card is a secured card for people without credit. It’s paired with a credit builder loan to help borrowers build borrowing histories fast.

Table of Contents

  1. Quick Review
  2. Self Visa® Credit Card Important Details
  3. Self Visa® Credit Card Feature Breakdown
  4. Should You Get the Self Visa® Credit Card?
  5. Comparable Cards

Quick Review

The Self Visa® card is an interesting secured credit card for credit building. Instead of requiring you to put down a cash deposit, you first apply for a Self credit builder account. This is an installment loan that you make payments on for 3 months to build your credit and become eligible for the Self Visa® credit card.

As you make payments towards the loan, you gain access to the money you’ve already paid. To get the Self Visa®, you then assign a minimum of $100 from the loan account as your security deposit. Your credit limit will be equal to your designated deposit. The security deposit is refundable, meaning it will be returned to you when you close your account if your balance is paid in full.

This Self Visa® helps you build credit in a few ways. First, your account information is reported to the major credit bureaus on a monthly basis. Second, because you have both an installment loan and a revolving credit account (i.e., a credit card), you can build credit more quickly. This is because having a diverse blend of accounts benefits your credit mix, one of the factors that affect your credit score.

Because of its impressive credit-building or rebuilding potential, the Self Visa® is among our recommended secured credit cards.

Pros:

  • Good for building credit
  • Available to people with bad or no credit
  • No credit check required

Cons:

  • Requires a credit builder account
  • Low initial credit limit
  • $25 annual fee
  • No balance transfers or cash advances

Self Visa® Credit Card Important Details

Basic Card Details

  • Purchase APR: 26.99% (variable)
  • Annual fee: $25
  • Credit card issuer: Lead Bank or SouthState Bank, N.A.
  • Initial credit limit: $100
  • Minimum security deposit: $100 in savings progress

Additional Information

  • Opportunities to increase the credit limit over time
  • Your card can be used everywhere Visa credit cards are accepted in the U.S.
  • No credit check required to qualify
  • Your secured card can become “partially unsecured” with responsible use

Self Visa® Credit Card Feature Breakdown

Let’s look at some of the key features of the Self Visa® card.

Fees

  • Annual fee: $25
  • Late payment fee: None for the first late payment, then up to $15
  • Returned payment fee: Up to $15
  • Administrative fee: $9

The annual fee for the Self Visa® is lower than the fee for many other secured cards. However, the fees charged on the Self Visa® are still among its downsides. While cards for no credit and cards for bad credit tend to have fees, there are ones available without, so consider other options if you’re determined not to pay credit card fees.

Interest Rates

  • Purchase APR: 26.99% (variable)
  • Cash advance APR: N/A
  • Balance transfer APR: N/A
  • Penalty APR: None

The interest rate for the Self Visa® card is comparatively high. Additionally, it doesn’t offer an introductory APR. Beware that if you plan to regularly carry a balance, the high APR may lead to steep interest charges.

Getting a Self Visa®

In order to apply for the Self Visa® credit card, you must first open a Self credit builder account. This account is an installment loan to help you build credit.

To be eligible for the Self Visa®, you must:

  • Make 3 monthly payments towards your builder loan on time
  • Have $100 or more in “savings progress” (the amount you’ve paid towards the loan)
  • Ensure your account is in good standing

Once you meet these qualifications, you choose what portion of your savings progress ($100 or more) that you want to use to secure your card and set your credit limit, then you can submit your card request.

If you meet the eligibility criteria, you will automatically qualify for the credit card. Notably, no credit check is required which means you won’t get a hard inquiry on your credit report. Hard inquiries can damage your credit score, so it’s good to avoid them when possible.

Cash Advances

The Self Visa® card does not allow cash advances. Cash advances are when you use your credit card to withdraw money from an ATM. If you require this functionality from a credit card, consider a different borrowing option.

Balance Transfers

Balance transfers are performed to consolidate debt onto a low-interest credit card. As balance transfers aren’t allowed and the APR is high, the Self Visa® card is not a contender if you need a balance transfer credit card.

Credit Reporting

Self reports monthly to TransUnion, Experian, and Equifax, which are the major credit bureaus.

As your activity for both the installment loan and the credit card are reported, you can build credit faster. Credit reporting is a major part of the credit building process, as this is the information used to update your credit score.

Credit Score Required

This Self Visa® is designed for people whose credit is bad, limited, or non-existent as a tool to help improve that credit. There is no credit check when you apply, meaning your credit score will not factor into your qualification for the Self Visa®.

Should You Get the Self Visa® Credit Card?

FinanceJar verdict

The Self Visa® card is a decent starter credit card for people who have no credit or poor credit and are ready to build or rebuild their borrowing history. This card is specifically designed to help you build credit fast by opening two accounts, and won’t factor your credit score into the application process.

However, the card has limited functionality, requires you to get a loan to open the card, and has high interest rates. So it’s not an option for everyone.

Who is this card for?

  • People with no credit history: The Self Visa® card is a good card for starting out your credit-building journey. It allows you to build credit quickly and won’t damage your credit score (i.e., through a hard inquiry) in the process. However, you have to make on-time payments on both your loan and your credit card or you risk damaging your credit.
  • Self customers: If you already have a Self credit builder account, then you’ll automatically be eligible for the card when you make at least 3 months of on-time payments and have at least $100 in your account to use as your security deposit.

Comparable Cards

Check out how the Self Visa® compares to other credit cards designed to help you build credit.

Self Visa® Credit Card vs. Citi® Secured Mastercard®

In its favor, the Citi® Secured Mastercard® offers a lower interest rate of 26.24% (variable) and doesn’t charge an annual fee.

However you will need to pay a cash security deposit of $200–$2500 that will be equal to your credit limit. If you can qualify for the Citi® Secured Mastercard® and have the money to pay the security deposit, it may be the better choice based on the fees and interest. It also can be used for cash advances, balance transfers, and to make purchases outside of the United States (although fees will apply).

Citi® Secured Mastercard®

Citi Secured Mastercard credit card Apply Now

on Citi's secure site

Rates & Fees
3.8
Annual Fee

$0

Credit Score

300–669

Deposit

$200–$2,500

Purchase APR

26.24% (variable)

At a Glance

The Citi® Secured Mastercard® is a low-cost credit card option for building credit if you have limited or no credit history.

Self Visa® Credit Card vs. Discover it® Secured Credit Card

The Discover it® Secured card has several advantages as a credit-building credit card:

  • It has a slightly lower APR of 25.99% (variable)
  • There is no annual fee
  • You earn cashback rewards of 2% at gas stations and restaurants, and 1% for all other purchases
  • You can upgrade to an unsecured card and get your deposit back if you have made all payments on time for the last six consecutive billing cycles.

Because of these features, the Discover it® Secured card is a better option overall. While the card is advertised as available to borrowers with poor credit and limited credit, a credit check will be performed so there’s a chance you won’t qualify.

Discover it® Secured Credit Card

Discover It secured credit card Apply Now

on Discover's secure site

Rates & Fees
4.8
Rating Breakdown
Fees
4.9

No annual fee and no foreign transaction fees score this card a high rating in the fees department.

APR
2.7

Carrying a balance could get costly on this card, given the high purchase APR.

Rewards
4.4

Considering it’s a secured card, the Discover it® Secured offers impressive rewards and even a cashback welcome bonus.

Credit Reporting
5.0

Discover reports to the major credit bureaus, which can help you build your credit.

Security Deposit
4.0

The minimum and maximum security deposit allow a good range of flexibility for you to determine your credit limit.

Other

We adjusted for factors like free credit scores and a fully refundable security deposit.

Our FinanceJar Star Rating represents an objective and unbiased evaluation of this card, without influence from advertisers and affiliates. Our scores are generated by a rubric and our reviews adhere to a strict editorial process. Learn more about how we rate credit cards.

Annual Fee

$0

Credit Score

300–669

Deposit

$200–$2,500

Purchase APR

25.99% (variable)

At a Glance

The Discover it® Secured is one of the best credit cards for borrowers with poor credit or no credit history. Unlike most credit cards in this range, it offers cashback rewards, a welcome bonus, and no annual fee.

Rewards

  • Welcome Bonus

    Cashback Match earns you a dollar-for-dollar match on your first-year rewards

  • Gas & Restaurants

    2% cash back up to $1,000 in combined spending each quarter

  • Everything Else

    1% cash back on all eligible purchases

Self Visa® Credit Card vs. BankAmericard® Secured Credit Card

The BankAmericard® Secured card has some notable advantages over the Self Visa®. The interest rate is slightly lower at 24.99% (variable). There is no annual fee. And you can qualify to upgrade to an unsecured card and get your deposit of $300-$4900 returned to you.

Because of the upgrade route, the BankAmericard® Secured is a better long-term credit card.

BankAmericard® Secured Credit Card

Bank Americard Secured credit card Apply Now

on Bank of America's secure site

Rates & Fees
4.1
Annual Fee

$0

Credit Score

300–669

Deposit

$200–$5,000

Purchase APR

24.99% (variable)

At a Glance

BankAmericard® Secured credit card offers borrowers with bad or limited credit high credit limited, no annual fee, and credit monitoring.

How we rate our credit cards

Applying for a new credit card is a big decision. That's why FinanceJar's card experts carefully studied the following details of the Self Visa® credit card to determine whether it's a good borrowing option:

  • Fees
  • Interest Rates
  • Credit Score Required
  • Credit Reporting
  • Credit Limit
  • Security Deposit

These factors, among many others, are part of our 5-star credit card rating methodology for all card categories. Our star ratings are unbiased and independent of our affiliates and advertisers.

Kari Dearie

Credit Cards Editor

View Author

Kari Dearie is an editor for FinanceJar specializing in credit and personal finance. She previously managed a B2B website in the data privacy and digital compliance industry.

Related Articles

Credit report showing SYNCB/PPC
Credit Inquiries

Nov 5, 2021

SYNCB/PPC: What Is It and Why Is It on My Credit Report?

SYNCB/PPC stands for Synchrony Bank/PayPal Credit. There are a few...

FinanceJar Team
Polar bear guarding credit report in ice, representing how to freeze your credit
Credit Reports

Sep 22, 2021

How to Freeze Your Credit

A credit freeze prevents prospective lenders and creditors from...

Samuel Osbourne
new credit card envelope does it hurt credit
Credit Scores

Oct 1, 2021

Does Opening a Credit Card Hurt Your Credit?

Opening a new credit card can hurt your credit score slightly in...

FinanceJar Team
Black car being repossessed which has an impact on credit
Credit Repair

Aug 5, 2022

How Long Does a Repo Stay on Your Credit?

A repossession takes 7 years to come off your credit report,...

FinanceJar Team
Gauge representing credit utilization rate
Credit Scores

Oct 6, 2021

Credit Utilization: What It Is and How It Affects Your Credit Score

Your credit utilization is the amount of your revolving credit that...

FinanceJar Team
Man disputing an item on his credit report with the credit bureaus
Credit Repair

Sep 13, 2021

How to Dispute an Item on Your Credit Report

If you suspect you have inaccurate information on your credit...

Victoria Scanlon
FinanceJar

Footer

Credit

  • Credit Scores
  • Credit Repair
  • Credit Reports
  • Credit Cards
  • Debt

Company

  • About Us
  • Contact Us

Legal

  • Terms & Conditions
  • Privacy Policy

Call Us

9AM – 9PM EST: 347-527-4868
24/7 Help Line: 323-649-8707

How We Make Money

We make money from advertising. We place links on our website to our affiliates, and when you click those links, our affiliates compensate us for it. Our relationships with our affiliates may affect which products we feature on our site and where these products appear in our articles.

Facebook Twitter Instagram TikTok YouTube LinkedIn Pinterest

© 2025 – ONR Financial Networks LLC – All Rights Reserved.

  • Credit Scores
    • Get Free Credit Score
    • Get Your Free FICO Score
    • Credit Score Range
  • Credit Repair
  • Credit Reports
    • Credit Inquiries
  • Credit Cards
    • Credit Card Reviews
    • Best Credit Cards for Bad Credit
    • Fair Credit
    • No Credit
    • Building Credit
    • Secured
    • Unsecured
    • 0% Interest
    • No Annual Fee
    • Guaranteed Approval
    • No Credit Check
    • No Foreign Transaction Fee
    • Gas
    • Students
  • Debt
    • List of Collection Agencies
  • Loans
  • About Us
  • 24/7 Support:

    323-649-8707

We hope this template helps you achieve your goals.

Would you please review us?

A review would mean a lot to us — and takes less than 20 seconds. Let us know what you think. Thanks!

Leave My Review

What you’ll get

  • Assess

    Fill in your information and we will securely pull your TransUnion credit report.

  • Address

    We challenge inaccurate negative items with the bureaus and your creditors.

  • Advise

    We will give you advice for how you can improve your credit. Don’t want to wait? Call us now.

Don’t want to wait? Call us!

Monday to Friday, 10AM - 7PM EST

FinanceJar

Get a FREE 5-minute credit consultation.

Get a credit improvement plan that works for you with 1 phone call.

What you’ll get

1
Assess

Fill in your information and we will securely pull your TransUnion credit report.

2
Address

We challenge inaccurate negative items with the bureaus and your creditors.

3
Advise

We will give you advice for how you can improve your credit. Don’t want to wait? Call us now.

This is completely secure and won’t hurt your credit score.

By clicking "Submit" I agree by electronic signature to: (1) be contacted about credit repair or credit repair marketing by a live agent, artificial or prerecorded voice and SMS text at my residential or cellular number, dialed manually or by autodialer, and by email (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use.

Don’t want to wait? Call (888) 859-0871 now

FinanceJar

Advertising Disclosure

Some of our articles feature links to our partners, who compensate us when you click them. This may affect the products and services that we showcase in our articles and how we place and order them. It does not affect our evaluations of them, which our writers and editors create independently, without considering our relationships with our partners.

FinanceJar

Editorial Standards

We promise to always deliver the best financial advice that we can. That’s our first priority, and we take it seriously.

To ensure that our articles and reviews are objective and unbiased, our writers and editors operate independently from our advertisers and affiliates. Our writers do not take FinanceJar’s relationship with its affiliates into consideration when writing their reviews and articles.

Everything we publish is as accurate and as complete as we can make it. All of our articles undergo several rounds of fact-checking before we publish them, and we do our best to keep them as no-nonsense and jargon-free as possible while still delivering the information that you need.

We know that taking financial advice from us requires a lot of trust on your part. We’re grateful for that trust, and we won’t abuse it. Learn more about our editorial standards.

FinanceJar

How We Make Money

FinanceJar partners with other companies in the credit and finance industry, such as credit card issuers and credit repair companies.

We make money through advertising. Our pages feature links to our partners’ websites. If you click on one of those links, we get paid.

The links to our partners are always clearly marked. You’ll always be able to tell what you’re clicking. We’ll never try to trick you into clicking anything you’re not genuinely interested in.

That’s the only way that we make money. We don’t accept compensation in exchange for reviews or articles, and we don’t directly sell any products or services ourselves. Our editorial team operates independently (with no influence from our affiliates or our advertising team) so as to avoid compromising the objectivity of our reviews. Learn more about how we make money.