• Build your credit

    Up to a $10,000 credit limit. Higher limits allow you to spend more and build your credit history. 1

  • No SSN required

    Apply without a Social Security Number (SSN) or previous credit history. 1

  • Global acceptance

    Accepted globally without foreign transaction fees. 3

Comparison of Features

Velo by EastWest Bank Bank of America Citibank
Apply with no SSN yes no no
Maximum Credit Limit $10,000 $5,000 $2,500
Annual Percentage Rate (APR) 20.99% 26.24% 27.74%
Foreign Transaction Fee No fee 3% 3%
Apply with no SSN
Velo by EastWest Bank yes
Bank of America no
Citibank no
Maximum Credit Limit
Velo by EastWest Bank $10,000
Bank of America $5,000
Citibank $2,500
Annual Percentage Rate (APR)
Velo by EastWest Bank 20.99%
Bank of America 26.24%
Citibank 27.74%
Foreign Transaction Fee
Velo by EastWest Bank No fee
Bank of America 3%
Citibank 3%

East West Bank information accurate as of 02/01/2024. Information from other listed institutions is from the institutions’ websites and is accurate as of 12/04/2023. The data listed above may change, and additional features and terms may also apply to each institution’s secured card product.

Secured Credit Card Benefits

Secured Credit Card Benefits

  • No SSN required
    Build your U.S. credit history even without a Social Security Number (SSN).
  • Up to a $10,000 credit limit
    Higher limits allow you to spend more and build your U.S. credit history.
  • Establish your personal credit history 1
    We report information about the status and payment history of your Secured Credit Card to Experian, one of the three major credit bureaus in the United States. Apply today to start building your credit history!
  • No foreign transaction fees, no annual fees 3
    Enjoy the convenience and value of our Secured Credit Card at home or abroad.
  • Tap and go
    Add your Secured Credit Card to a digital wallet to make purchases in store, online or in app.

Get Started with the Secured Credit Card

  1. Apply

    Apply for the Secured Credit Card in our Mobile App or Online Banking service.2

    If you don’t already have the Mobile App, download here.4

  2. Provide a security deposit

    When you submit your application, you will need to provide a refundable security deposit equal to your chosen credit limit. You can close your credit card account any time and get your security deposit2 back.

  1. Activate your card

    Once you receive your Secured Credit Card, activate it by following the instructions included with your card.

  2. Enroll for online access

    Enroll for online access at here

  3. Manage your card

    After you activate your card, use the Manage card feature in our Mobile App or Online Banking service to access a full suite of card management tools:

    Set up a payment account to make recurring or one time payments to your card.

    Review your balance, available credit, and transactions.

    Download your secure credit card statements.

    Set up alerts to notify you when important events occur on your Secured Credit Card.

  4. Enjoy your card

    Enjoy using your Secured Credit Card and start building your credit history in the U.S.1