When do secured cards return secured funds?

[hnhlvr]

Hi Everyone,

I'm looking into my first secured card and found Public Savings Bank offers a $79 application fee, but then has no annual fee and it has a 25-day grace period with the interest rate being around 12%. The other cards I have been looking at all have no grace period, so that is why the Public Savings Card appeals to me.

My question is the minimum secured deposit is $300 and as long as I keep that card/account, they hang onto those funds. Is there any secured card that will turn unsecured after a certain point and then return my funds to me or do all of them hang onto the deposit?


Thanks.

[StartingOver08]

Do you have access to the full terms and conditions on the website before you apply?
The length of time the funds are kept on deposit should be noted in the terms and conditions of each card.