Green Dot Primor® Secured Platinum Credit Card Review

By: Heather Hanks July 13, 2020

The Green Dot Primor® Secured Platinum Credit Card can help you build credit over time by keeping your payments low and putting you in control of your finances. You can secure your account by putting down a security deposit of $200 to $5,000. This deposit is fully refundable and serves as your credit limit. Plus, you don’t need good credit or even a checking account to apply.

Green Dot reports to all three major credit reporting agencies to help keep your credit reports uniform. The card comes with an annual fee of $39 and an APR of 19.99% for purchases and cash advances. You can use your Visa card anywhere in the United States and manage your account for free online. Check out our Green Dot Primor® Secured Platinum Credit Card review below for more information.

What is the Green Dot Primor® Secured Platinum Credit Card?

The Primor® Secured Platinum Credit Card is issued by Green Dot. The company is a banking app that focuses on providing affordable and reliable debit accounts to make everyday finances as easy as possible. The service appeals to those with less than perfect credit. The company operates on a comprehensive platform that builds banking into its brand. They can help you build credit by reporting your activity to all three major credit reporting agencies.

You can also set your own credit limit between $200 and $5,000 to ensure that you can make each payment on time. This is the best way to build credit. Green Dot will work with you, whether you’re a business corporation or an individual seeking to build credit. They have competitive features that make banking more convenient. Plus, they’re a great value, due to their low fees and open transparency policies. In addition to the Primor® Secured Platinum Credit Card, a Green Dot account offers the following:

Over 20 years in business

FDIC-insured banking

No overdraft fees

2% cash back on mobile and online purchases with no cap

Free each month (as long as you spend $1,000 or more the previous month, otherwise it’s $7.95 per month to open an account)

Early access to earnings

Free cash deposits at retail stores when you use the app

2% annual interest on your savings (up to a $10,000 balance)

This can help cover the cost of your monthly subscription and even help you make a profit. You can also use Green Dot to earn 2% on savings, which is one of the highest rates in America.

Keep in mind that you do not need a banking account to open a Green Primor® Secured Platinum Credit Card. However, opening a Green Dot account allows you to put money away for the future in their free FDIC-insured savings account.

What Does It Offer?

The Green Primor® Secured Platinum Credit Card allows you to boost your credit by offering affordable fees and allowing you to pick your credit limit. Your line of credit is secured by a refundable security deposit that you will get back when you close your account as long as you have no pending charges. A secured credit card works just like a regular credit card, except you have to put money down upfront. Green Dot reports your activity to the three major credit reporting agencies. This ensures that you’ll boost your credit, as long as you pick a low credit limit and pay your balance in full on time each month.

Reporting to all three credit bureaus also ensures that your credit reports will be the same throughout. You may find discrepancies among the three bureaus if your credit card company only reports to one or two. This means you may have to make disputes on your credit report later on.

Here are the terms and conditions of the Green Primor® Secured Platinum Credit Card:

  • APR for cash advances and purchases: 19.99%
  • Annual fee: $39
  • Credit limit: $200 to $5,000 (this is also the fee of your security deposit)
  • Payment due date: 25 days from the closing of last month’s cycle
  • Late payment fee: up to $27
  • No overlimit fees
  • Foreign transaction fee: 3% of the amount
  • Cash advance fee: $5 or 5% of the amount, whichever is more
  • Returned check fee: up to $27

The Green Primor® Secured Platinum Credit Card also offers military benefits. The company makes sure its military customers are aware of the federal servicemembers Civil Relief Act (SCRA) as well as the benefits it offers. This act states that military members on active duty are to devote their full attention to their service by alleviating some of their financial costs. Customers who are on active military duty will receive a lower APR on their Green Primor® Secured Platinum Credit Card on balances that they accumulated before their status change. To qualify for this special rate, you must submit all military paperwork to Green Dot before your active duty status begins. Keep in mind that you will still need to make payments even while on active duty.

How Does It Work?


The Green Primor® Secured Platinum Credit Card works by extending you a line of credit after you submit a security deposit and then reporting your information to all three credit agencies. The card is ideal for those who are looking to build or rebuild their credit. It looks and operates just like a regular credit card. The only difference is that you need to submit a security deposit to act as collateral before using the card. This deposit needs to be at least $200 (cannot exceed $5,000) and will act as your credit limit. You will get this money back after you close your account as long as there are no pending charges. You must make timely payments each month to boost your credit.


All activity (including late payments) will be reported and will show up on your credit report. Keep an eye on your minimum payments. If the new balance on your monthly statement is less than $25, then your minimum payment due will be the new balance. For example, if your new balance is $25 or more, then your minimum payment due will be $25 or 2% of your new balance (whichever is more). This amount includes fees and interest charges that are past due on your account. You can pay your one-time security deposit by directly depositing it at a retail store and your deposit will be ready within minutes.


If your approved credit is $500 and you deposit less than this amount, then you will have to mail in a check for the rest. This service is subject to a $4.95 fee. You can also submit your security deposit by visiting the company’s website and clicking on the “make your initial deposit” button. You should be able to do this from the app. Your funds will be available within one business day when you use this method. If you mail a check, your funds will be available within 10 days. This security deposit is designed to keep the bank safe in case you default on your payments. Your deposit is due within 60 days from the date your account opens. If you don’t send it in by this time, then your account will be canceled.


If your security deposit is less than the credit limit you were approved for, then you can send this money in later to increase your credit limit. You can add funds to your security deposit online or by sending a check to Green Dot. Keep in mind that your security deposit does not earn interest and there is no cash back associated with this card. However, you can receive cash back rewards when you open an unlimited account with Green Dot. You can also use a Green Dot prepaid Visa card by preloading it. The secure card is accepted anywhere Visa is accepted, but foreign transaction fees will apply if used outside the United States.

Green Dot Primor® Secured Platinum Credit Card: Pros and Cons

The Green Primor® Secured Platinum Credit Card is ideal for anyone looking to build or rebuild their credit. It comes with a lower annual fee and APR than similar offers on the market. The Green Primor® Secured Platinum Credit Card bases your credit limit on your security deposit, which ranges from $200 to $5,000. Keeping your payments low and paying on time is an excellent way to boost credit. This ensures that you will be able to pay in full each month. Your security deposit is also 100% refundable when you close your account as long as it’s in good standing.

There is a low annual fee of $39 to be aware of. However, other secured lines of credit that offer a similar platform require higher fees. This is because Green Dot allows you to qualify even if you have bad credit. Your security deposit acts as collateral as well as your credit limit. There are no other hidden fees, including monthly maintenance fees or one-time fees. Overall, the Green Primor® Secured Platinum Credit Card is the ideal way to boost credit without breaking the bank.

Here are some pros and cons to consider:

Green Dot Primor® Card PROS

  • The card offers military perks by extending SCRA benefits to active duty members
  • There are no overlimit fees
  • Your security deposit is fully refundable as long as your account is in good standing
  • People with less than perfect credit can qualify
  • You have complete control over your credit limit, which can range from $200 to $5,000
  • Green Dot reports to all three credit reporting agencies and not just one or two to ensure uniform credit reports
  • The card is accepted anywhere Visa is, which means you can use it globally (foreign transaction fees apply if used outside of the United States)
  • A bank account is not required to qualify for this card
  • You can manage your account for free online, including making payments and paying fees
  • You can make payments of pay fees at one of 90,000+ retailers across the nation (for a fee)
  • You can also use MoneyPak to make payments
  • You can get approved online in seconds after applying

Green Dot Primor® Card CONS

  • There is a $39 annual fee. However, this fee is lower than other fees associated with similar offers. The Green Primor® Secured Platinum Credit Card also comes with a 19.99% APR that varies depending on the prime rate. Keep in mind that other cards may offer a lower annual fee and APR, but you’ll need to have good credit to qualify. This is higher-than-average if you have good credit, but the Green Dot card does not require perfect credit, which makes it a good deal for a card that helps you build or rebuild credit.

How To Apply

You can apply for a Green Primor® Secured Platinum Credit Card online and receive approval within seconds. It’s one of the card’s many features. This card does not require a banking account, which means that you won’t need to spend time inputting banking information. To apply, you will need to enter the following information:

  • Full name
  • Physical address
  • Social security number
  • Date of birth
  • Monthly income
  • Monthly expenses

After you enter this information, you’ll be asked to sign a disclosure and collateral account agreement. You’ll need to verify that you understand the account’s basic terms and conditions, including a 19.99% APR for purchases and cash advances, a $39 annual fee, and all associated late fees. Once you are approved, your account will be ready to use within 7 to 10 business days. Your card will be delivered to the address you provided in your application. Be sure to fill out all information provided in the application. Leaving any information blank may cause you to be declined. You will also need to make sure your monthly income and expenses are approved before you can be approved.

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