Building1 or re-establishing credit doesn’t have to be a daunting task. With the Secured Card, it’s as easy as using a credit card. And that’s exactly what the Secured Card is!

With the Secured Card, you can enjoy the convenience of a Visa2 Credit Card that allows you to spend and carry a balance while you strengthen your credit.

How the Secured Card works.

Simply open a Comerica CD account and deposit a minimum balance of $300, which will also earn interest! Your credit line will equal the amount of your secured deposit, up to $5,000.

You can use your Secured Card anywhere Visa is accepted while you enjoy card benefits such as warranty coverage, Visa’s Zero Liability3 coverage and the privacy of knowing your card will not say “secured,” or look different than any other credit card.

As you make purchases and pay your balance, your account status will be reported to the credit bureaus, which help you build or rebuild your credit rating.

Who can apply for a Secured Card.

As long as you are at least 18 years old and have a valid U.S. address and Social Security number, you can apply for a card and begin strengthening your credit!

Build credit quickly.

After just 12 months, if your account is in good standing, you'll be able to apply for a standard unsecured credit card. Get started today and begin building your credit now!

Frequently Asked Questions

What is a Comerica Visa®1 Secured Credit Card? A Secured Card is a credit card that requires a secured deposit that is held as collateral. Your credit line will equal the amount of your deposit in your secured account, which will be a Comerica CD account. The secured card allows you to build credit1 as your status is reported to the credit bureaus.

How does the Secured Card work? Your credit line will equal the amount of your secured deposit. The minimum deposit amount is $300 and the maximum amount is $5,000. You still must make payments to your Secured Card account like you would with any other credit card.

What are the Minimum Requirements for opening a Comerica Secured Card? Applicant must be 18 years of age; have a valid U.S. address and Social Security number; and a secured deposit in the form of a cashier’s check or money order. Credit limit will be equal to the amount of the secured deposit.

What increments must the secured deposit be made in? A secured deposit must be made in even $100 increments.

How does the Secured Card help build or rebuild my credit? Your account status will be reported to the credit bureaus which will help you to build or rebuild your credit rating1.

How long must my Secured Card account be open before I can apply to get an unsecured card? The account must be open a minimum of 12 months before you can be considered for an unsecured card4.

Do I need to fund 100% of the credit line? Yes. Your credit line will equal the amount of your secured CD deposit.

Is there still a chance my secured card application could be declined? Yes. As with any credit card there are certain qualification requirements that must be met in order to be approved.

Will I receive my secured deposit back if I am declined? Yes. Your secured deposit will be returned if we are unable to approve your application.

Does the secured CD account earn interest? Yes. The secured CD account is an interest-bearing CD account.

If I close my Secured Card account will I receive my secured CD account deposit back? You will receive your secured CD account deposit back plus any earned interest when you close your Secured Card account as long as the remaining balance on the Secured Card is paid in full and Elan has released their security interest in the CD account.