Perfect for students, new immigrants, or foreign nationals who maintain a U.S. residence

  • Build your credit

    Up to $10,000 credit limit. Start building your personal credit history in the U.S.1

  • No SSN required

    Apply without a Social Security Number (SSN) or previous credit history1

  • Accepted globally

    Accepted globally without foreign transaction fees2

Comparison of features

Velo by EastWest Bank Bank of America Citibank
Apply with
no SSN
yes no no
Maximum
Credit Limit
$10,000 $4,900 $2,500
APR
(Variable)
15.90% 22.99% 22.49%
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 $4,900
Citibank $2,500
APR (Variable)
Velo by EastWest Bank 15.90%
Bank of America 22.99%
Citibank 24.49%
Foreign Transaction Fee
Velo by EastWest Bank No fee
Bank of America 3%
Citibank 3%

The information above is obtained by East West Bank from the listed institutions' websites. Accurate as of 06/15/2020; website data may change. Additional features and terms may also apply to each institution’s secured card.

Key benefits of the Secured Credit Card

Key benefits of the Secured Credit Card

  • No Need for a Social Security Number

    Build credit history even without a Social Security Number (SSN)

  • Up to $10,000 Credit Limit

    Higher limits allow you to spend more and build your credit history

  • Establish Your Personal Credit History1

    We report to Experian, one of the three major credit bureaus in the U.S. Start building your credit history now

  • No Foreign Transaction Fees or Annual Fees2
  • Enjoy the convenience and value of a Secured Credit Card

Get Started with the Secured Credit Card

  1. Download the App

    If you don’t already have the mobile App, please download here.

  2. Apply

    Apply for the Secured Credit Card in the App.

  3. 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 deposit3 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, we’ll provide you with a full suite of management tools where you can:

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

    Review your balance, available credit, and transactions.

    Download 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.