Varo Bank

Varo Believe Card

Secured credit cards

Secured card with no annual fee, interest or application credit check. Qualify through a Varo account, $200+ incoming deposits in 31 days and no overdue Advance. Funds moved to the secured account back spending and full monthly repayment.

Pros

  • No annual fee, interest or application credit check.
  • Reports to all three major credit bureaus.
  • Safe Pay can pay the full balance from secured funds.

Cons

  • Requires a funded Varo account, $200+ incoming deposits over the past 31 days and no overdue Varo Advance.
  • Money moved into the secured account backs spending; repay the full monthly balance.
  • Purchases capped at $2,500/day and cash advances at $1,000/day, with a $10,000 combined billing-cycle cap and available-funds limit.
  • Non-Allpoint ATM withdrawals cost $3.50, plus possible operator fees. No late-payment fee is charged, but missed payments can still harm credit. Source: https://www.varomoney.com/privacy-legal/fees/

Generated from the provider's published terms and reviewed against official sources.

Eligibility and application requirements

U.S. address: Required

Residency and other conditions: Requires a Varo Bank Account with funds, no overdue Varo Advance and at least $200 incoming deposits over the past 31 days into Varo Bank and/or Savings. Underlying account identity and residency requirements still apply. Funds transferred to the secured account set available spending; this is not an unsecured loan.

Geographic restrictions: Not confirmed. Confirm availability in your state.

Product review: 03 Nov 2026. Source retrieval dates below are separate from editorial verification. An accepted ITIN does not establish residency eligibility.

Compare secured credit cards requirements and costs · How we assess published requirements

Annual fee 0 (currency not confirmed)
Security deposit From 0 (currency not confirmed)
Purchase APR Not confirmed
Foreign currency fee 0%
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Official terms

Checked 3 Nov 2026

Rewards

Not confirmed

What you need to apply

  • Eligible residential address in the U.S. · Minimum age: 18+
  • Credit approval required; paying the security deposit does not guarantee approval.
  • SSN: Conditional
  • ITIN / alternative ID: Not confirmed
Credit check

None — Hard inquiry inferred from issuer guidance.

How the security deposit works

  • Required deposit: From 0 (currency not confirmed)
  • Funds remain unavailable for spending or withdrawal while pledged.
  • Deposit return / upgrade to an unsecured card is subject to review.

Remaining costs

No additional reviewed fees are currently listed.

Official sources
Verification notes

Last reviewed: 3 Nov 2026. Details are based on the provider’s published materials at that time.

Read official terms ↗

This information is educational and does not guarantee eligibility or approval. The provider makes the final decision.

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