Learn how to apply for the Sable One Secured Credit Card
Review of the Sable One Credit Card: A means to obtain an unsecured credit card and establish credit faster than alternative options.
Exploring the Sable One Secured Credit Card
If you are just starting your credit-building journey or looking for a clear and fast path to an unsecured credit card, the Sable One Secured credit card is a great option to consider.
One of the key benefits of the Sable Secured Card is the dollar-for-dollar reward match as a welcome incentive at the end of the first year of card membership. This feature instantly doubles the cash-back earnings for new Sable Secured Card customers.
In addition to the attractive rewards program, the Sable Secured Card does not charge an annual fee or a late payment fee. However, a 2% foreign transaction fee applies when making purchases outside of the US.
Similar to most secured credit cards, new Sable cardholders are required to make an upfront security deposit, which acts as their credit limit. For example, if you make a $1,000 security deposit, your credit limit would also be $1,000. The maximum deposit allowed is $10,000, with no minimum requirement.
Notable benefits of the Sable Secured Card include:
- Rental automobile insurance and extended warranty protection for goods purchased with the card
- Zero responsibility for unauthorized purchases
- Price and purchase protection, as well as satisfaction guarantees on most products within 60 days
- Mobile device protection against theft or damage
Eligibility for a Sable One Secured Credit Card
To be eligible for the Sable One Secured credit card, you do not need to undergo a credit check. However, you must have a Sable bank account, a security deposit, and a Social Security number (if applicable). Alternatively, you may be eligible if you have a passport, a U.S. visa, an I-94 for non-tourists, and a U.S. address.
Applying for a Sable One Secured Credit Card
You can begin the application process online or through the Sable One app. The steps are the same regardless of the starting point.
Applying Online:
If you start on the Sable One website, you will need to provide personal information and an email address for confirmation. Afterward, you will be prompted to download the Sable One app.
Applying through the App:
If you start on the app, you will follow the same steps within the app interface.
If you already have a Sable One account, the application process is simpler, as you only need to follow the necessary steps and provide the required documentation. However, if you do not have an existing account, you will need to go through the process of opening an account before applying for a credit card.
Is the Sable One Secured Credit Card Worth It?
Whether the Sable One Secured credit card is worth it depends on your goals. If you are looking to build credit, enjoy cashback rewards, and take advantage of the benefits of an unsecured credit card at a faster pace than other banks, this card is an excellent choice.
Aside from the cashback and guarantees provided, the Sable One Secured credit card is particularly designed for credit building. If that is your primary goal, this card is highly recommended.
Sable One Credit Card vs. Wells Fargo Reflect Card
The Wells Fargo Reflect Card offers a significant advantage with its 0% APR on purchases and eligible balance transfers for 18 months. However, transfers need to be made within the first 120 days, and if you consistently make at least the minimum payment each month on time, the time frame can be extended to 21 months.
While the Wells Fargo Reflect Card offers guarantees and protection, such as coverage for cellphones up to $600, it requires a credit score of 600-850, unlike the Sable One Secured credit card.
While the Sable One Secured credit card is focused on credit building, the Wells Fargo Reflect Card is more suitable for those looking to transfer debt to other accounts, as its fees are lower.
Pros of the Sable One Secured Credit Card:
- No credit check required for credit card application
- Double cashback during the first year
- Faster path to an unsecured credit card compared to other institutions
Pros of the Wells Fargo Reflect Card:
- Introductory APR on purchases and eligible balance transfers for 18 months
- No annual fee
- Cellphone protection against theft or damage up to $600
How to Apply for the Wells Fargo Reflect Card
If you determine that the Wells Fargo Reflect Card is the ideal option for you, refer to the provided guide on how to apply for the card.
