Velo Secured Credit Card

  • Start building your personal credit history in the U.S.1
  • Even without a Social Security Number (SSN) or previous credit history.
  • Perfect choice for students, new immigrants, or foreign nationals who maintain a U.S. residence.
  • Accepted globally without foreign transaction fees.2
  • You can apply for the Velo Secured Credit Card in the Velo mobile app.

Why Velo?

The Velo Secured Credit Card is a tailored solution for those who don’t have a Social Security Number (SSN), students, new immigrants, or foreign nationals who maintain a U.S. residence.

Have questions? Please read FAQs

Why Velo?

The Velo Secured Credit Card is a tailored solution for those who don’t have a Social Security Number (SSN), students, new immigrants, or foreign nationals who maintain a U.S. residence.

Have questions? Please read FAQs

  • Credit in the U.S.
  • How does the Velo Secured Card help me build credit?
  • What do I need in order to apply for a Velo Secured Credit Card?

Key Benefits of the Velo 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 Velo Secured Credit Card.

Velo Features

  Velo logo Bank of America Citibank
Apply with no SSN Check in circle Cross in circle Cross in circle
Maximum Credit Limit $10,000 $4,900 $2,500
APR (Variable) 15.90% 24.74% 24.24%
Foreign Transaction Fee No fee 3% 3%

The information above is obtained by Velo by East West Bank from the listed institution’s websites. Accurate as of 10/16/2019; website data may change. Additional features and terms may also apply to each institution’s secured card.

2 Easy Steps to Use Your Card

Step 1: Apply in the Velo Mobile App

New Velo App Users:

If you don’t have the Velo mobile app, please download here.

Existing Velo App Users:

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.

Step 2: Activate and Manage Your Card

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

After you activate your card, please enroll for online access at www.velobank.com/credit-card-servicing. 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 VELO card. Click here for a step-by-step tutorial (PDF)
  • Review your Balance, Available Credit, and Transactions
  • Get copies of your Velo Credit Card Statements
  • Set up alerts to notify you when important events occur on your Velo Secured Credit Card

Enjoy using your Velo Secured Credit Card and be on your way to building your credit history in the U.S.!

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Need Help?

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Sat: 9:00 am to 5:00 pm PT

Disclosure:

We may report information about the status and payment of your Account to credit bureaus and other creditors.  East West Bank will report this information using the available personal identifying information you have provided to us or provide to us at a later date.  You can learn more about how we report Credit in your Secured Visa® Classic Credit Card Agreement.

East West Bank does not charge a fee for you to conduct transactions in currencies other than U.S. dollars, although transactions conducted in a foreign currency are converted to U.S. dollars by VISA.  For more information about how this occurs please refer to your Secured Visa® Classic Credit Card Agreement.

Funds equal to your chosen credit limit must be deposited in to your Velo Premier Checking account and pledged to East West Bank as a security deposit before your application can be processed.   If your credit application is denied or withdrawn before approval, the security deposit will be released within three business days.   If your credit application is approved, the secured deposit will not be available for your use until the card is closed and the security deposit is released by the Bank.  Please refer to the Secured Visa® Classic Credit Card Agreement and Terms and Conditions for additional details.