To summarize, the Huntington® Secured credit card is ideally suited for creating or reconstructing credit while getting a rewards plan. This credit card includes the array of effective tools that would help you to build the credit history from scratch: unlimited 1% cash back on every purchase and no annual fee.

As for its positive effects on credit, Huntington® Secured credit card offers such useful customer options as Late Fee Grace® and no penalty pricing. They include generated statements, payments, loans, transfers, and bookings, among others, made even easier through a digital wallet and contactless payments as they help with your journey towards improving your credit score.

Key information about the Secured credit card Huntington

Carefully, I have outlined the following attributes of the Huntington® Secured credit card as suitable for beginners in credit, or credit repair. This program offers numerous and extensive features: cash back for all types of purchases at 1%, no annual fee, and the grace period for paying the bill is also available for customers who cannot pay on time, which makes this card ideal to develop good credit history.

How does the annual fee work?

Taking into consideration the key features of Huntington® Secured credit card, one has to mention that it is free, as long as it is not accompanied by an annual fee. Some of the secured credit cards can attract certain fees for instance an annual fee as a way of extending credit to individuals who have poor credit scores. But this hindrance, Huntington has eased it; thus make manageable your money without the extra expenses to worry about.

How is the credit limit determined?

Similar to Huntington® Secured credit card, the credit limit is the refundable amount that you deposit with the credit card company. The minimum sum is $250 and it is credited as a limit the base on which further computations are made.

Basically, different from the normal credit cards or the consigned credit cards through which the bank estimates your credit worth and arrives at your line of credit, the limit of the secured card is basically equal to the amount of your secured amount that you deposit. This feature enables one to set a credit limit in proportion with the deposit they are willing to make.

Credit card benefits 

• No annual fee: Enjoy the benefits of the card without the burden of an annual fee.
• Unlimited 1% cash back: Earn 1% cash back on every purchase with no cap on earnings.
• Late fee grace®: Get an extra day to pay your minimum payment without incurring a late fee.
• No penalty pricing: Your APR won’t increase due to late payments or exceeding your credit limit.
• Digital wallet access: Compatible with most digital wallets for added convenience.
• Contactless payments: Make quick and secure payments at enabled terminals.

Cash back rewards

This card offer topical benefits such as the consumer being able to earn up to an unlimited 1% cash back on every purchase made with the Huntington® Secured credit card. This benefit enables you to accumulate points on any purchases you make hence encouraging you to use the card to make all your purchases. Although the rewards are in the form of cash back, the amounts can stack up over time making them a passive way through which you can earn returns on your expenses.

Disadvantages

• Initial deposit requirement: You must make a refundable deposit to set your credit limit.
• Limited upgrade potential: The opportunity to upgrade to an unsecured card depends on your creditworthiness over time.
• No introductory APR offers: Unlike some cards, this card does not offer introductory APR rates on purchases or balance transfers.

Initial deposit requirement

The need to produce the deposit amount that is refundable is also a hindance for some applicants. This hampers working capital as the money is locked up in the deposit which, though reimbursable, might prove costly for many people to afford an initial deposit.

Who can apply for this card?

To apply for the Huntington® Secured credit card, there are specific eligibility requirements:

• Credit status: While this card is designed to help build or rebuild credit, applicants should have a verifiable source of income to manage repayments.
• Minimum age: Applicants must be at least 18 years old.
• Huntington account: You must be a Huntington consumer checking, savings, or Money Market account customer.
• Refundable deposit: A minimum deposit of $250 is required.

How to apply for the Secured credit card Huntington

Through the website

The application procedure of Huntington® Secured credit card is simple and easy to follow and can be done fully online. First of all, you only qualify to be a part of Huntington if you’re a Huntington customer; with a consumer checking, savings, or Money Market account.

If you haven’t any then you have to become the visitor of the Huntington Bank website and create your account with your information and filling some forms. After signing up, to apply for the credit card go to the Huntington Bank homepage credit cards tab and click on the Huntington® Secured credit card among the available products.

Following the choice to get the Huntington® Secured credit card, you will need to click over the “Apply Now” option. Afterward, you will be required to fill an online application form where you will be required to fill your full name, date of birth, contact information, social security number, and income details.

The other essential thing that you have also to go through is to deposit a refundable security amount of not less than $250, which will act as your initial credit line. This deposit can typically be made electronically from your Huntington checking/savings account.

When the application form is completed and terms of deposit are signed you must reread all the given information. Complete the application, and Huntington Bank will consider your data received together with carrying out a credit check.

The duration taken in the processing of the request may differ, but you will receive a response soon after a few business days. Should your application be granted, you will get your Huntington® Secured credit card through mail and instructions on how to load it.

Activation is typically done by either dialing an activation number of by getting on the Huntington Bank homepage online. After it, you can begin using your card in usual purchases keeping in mind to pay the amount on time and not to exceed the credit limit in order to have a good credit history.