Truist Enjoy Cash Secured credit card

Do you want to learn everything about the Truist Enjoy Cash Secured credit card? At Responsible Economy, we show you all the features you need to know: fees, interest, bonus, cash back, and more. We’ll also show you a comparison with the best secured credit cards in the United States. Let’s get started!

Explanatory video

We have created a video with all the features offered by the Truist Enjoy Cash Secured credit card:

Features

In this section, we will go through all the features one by one.

Fees

The Truist Enjoy Cash Secured credit card charges a non-waivable annual fee of $19. This is a major drawback, as there are other secured credit cards that do not charge any fees.

We also show you other credit card fees:

DescriptionFee
Annual fee$19
APR for Balance Transfers24.49%
APR24.49%
Cash Advance Fee4% of each advance or $10.00 minimum on transactions greater than $10
Balance Transfer3% of each advance ($10.00 minimum)
Foreign Transaction FeeNone
Late Payment$40
Truist Enjoy Cash Secured credit fees

APR

If you pay your purchases in full by the due date, you will not be charged interest. However, if you carry a balance, you will be charged an interest rate of 24.49% APR. This interest rate is average for secured credit cards.

Cash back

You can earn up to 3% cash back on gas, 2% on utilities and groceries (with a combined $1,000 monthly cap), and 1% on all other eligible purchases. This is a very good feature because not all Secured Credit cards offer cash back on purchases.

Minimum deposit

The Truist Enjoy Cash Secured credit card requires a minimum deposit of $200. There is no maximum deposit. Your credit limit will be equal to your deposit amount.

Welcome bonus

The Truist Enjoy Cash Secured credit card does not offer a welcome bonus. This is a common feature among secured credit cards, as they are typically designed for people with poor or limited credit. A welcome bonus can be a valuable perk, but it is not essential for building credit.

Summary table

We have created a table summarizing all the features:

FeaturesTruist Enjoy Cash Secured credit card
Fees$19
APR24.49% on balance for deferred payments
Cash Backup to 3%
Initial Deposit$200-
Welcome Bonus$0
Truist Enjoy Cash Secured credit card summary table

Comparison with the Best Secured Credit Cards

We have conducted a comparison of the Truist Enjoy Cash Secured credit card with the best secured credit cards available for application in the United States:

Capital One Quicksilver Secured Credit Card Logo
  • Fees: $0
  • Cashback: 1.5%
  • Welcome bonus: $0
  • Credit Score: No
Discover it Cash Back
  • Fees: $0
  • Cashback: 1%-5%
  • Welcome bonus: up to $300
  • Credit Score: 690-850
  • Fees: 0
  • Cashback: No
  • Welcome bonus: No
  • Credit Score: No
Bank of America customized cash rewards secured credit card
  • Fees: 0
  • Cashback: Up to 3%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
Opensky plus secured credit card
  • Fees: 0
  • Cashback: 0%
  • Initial deposit: $300
  • Welcome bonus: No
  • Credit Score: No
Bankamericard secured credit card
  • Fees: 0
  • Cashback: 0%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
OpenSky secured credit card
  • Fees: $35
  • Cashback: 0%
  • Initial deposit: $200
  • Welcome bonus: No
  • Credit Score: No
Bank of america unlimited cash rewards secured
  • Fees: 0
  • Cashback: 1,5%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
U.S. Bank Secured Visa credit card
  • Fees: 0
  • Cashback: 1,5%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No

Pros and cons

Here’s a table summarizing the pros and cons of the Truist Enjoy Cash Secured credit card:

AdvantagesDisadvantages
Up to 3% cash back$19 Annual fee
No foreign transaction feeNo welcome bonus
Easy to qualify
Truist Enjoy Cash Secured credit card pros and cons

Requirements

To be eligible for the Truist Enjoy Cash Secured credit card, you must:

  • Be a U.S. resident.
  • Be at least 18 years old.
  • Have a valid Social Security number.
  • Have a steady income.

Conclusion and opinions

After the analysis carried out, our opinion is that the Truist Enjoy Cash Secured credit card is a competitive card because the minimum deposit is 200 dollars, it offers a cash back of up to 3% and has the trust of a bank like Truist. On the other hand, you must take into account the annual fee of 19 dollars.

Frequent questions

Now we answer all your questions about the Truist Enjoy Cash Secured credit card:

To conclude, you have more related content about secured credit cards:

Updated the day 8 September, 2023 by Alfredo Barandiarán

¿De cuánta utilidad te ha parecido este contenido?

Haz click en una estrella para votar

Promedio de puntuación 5 / 5. Número de votos 1

Se el primero en dejar un comentario!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.