
Rating: 4 Stars
Bottom Line:
Build Credit and Earn LATAM Rewards
TABLE OF CONTENTS
Card Details
Regular APR: | 17.74% – 24.74% (Variable) |
Intro APR (Purchases): | None |
Intro APR (Balance transfers): | None |
Rewards Rate: | Earn 1 point for every $1 in eligible net purchases |
Credit Needed: | (670 – 850) Good/Excellent |
Annual Fee: | None for first year, then $25 |
Card Brand: | Visa |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- Earn 1 point for every $1 in eligible net purchases
- Earn 5,000 bonus points after your first card use
- Earn 5,000 bonus points with your annual credit card renewal
- $0 intro annual fee the first year; $25 thereafter
- 10% discount on first LATAM Airlines purchase (up to $500) 1 time per year
- When you’ve managed all of your credit obligations responsibly consistently for 12 months, you’ll be well on your way to a strong credit standing, and we may be able to move you to an unsecured credit card product
Is LATAM Visa Secured worth it?
LATAM Visa Secured is a solid card for LATAM travelers looking to build credit. LATAM was formed from the merger of LAN and TAM airlines and most of LATAM’s destinations are in South America. The LATAM Visa Secured Card offers a 10% discount on your first LATAM Airlines purchase – up to $500 – one time per year, you earn 1 point for every $1 in eligible net purchases, and you can also transfer your points to oneworld airline alliance partners.
With LATAM Visa Secured, you can earn rewards with LATAM and build your credit at the same time, for an annual fee of $0 the first year, then $25. After you make on-time payments for 12 months or more, it would be smart to apply for an unsecured card.
Pros
- Build your credit
- Monthly reporting to all 3 major credit bureaus to establish credit history
- 10% discount on first LATAM Airlines purchase (up to $500) 1 time per year
- Oneworld transfer parterns include American Airlines, British Airways, Japan Airlines and more than 5 more
- $0 annual fee the first year, then $25
Cons
- Security deposit must be $300 at a minimum
- To transfer miles you must pay a fee of $5.60 per 500 miles transferred
- No more than 2 transfers can be completed in one year
Why 5 Stars?
Regular APR
4 Stars
Intro APR
4 Stars
Fees
4 Stars
Perks
5 Stars
Overall
4 Stars
Fees
Foreign Transaction Fee | 3% |
Balance Transfer Fee | Either 3% of the amount of each transfer or $5 minimum, whichever is greater |
Cash Advance Fee | Either 4% of the amount of each advance or $5 minimum, whichever is greater |
Penalty APR | None |
Benefits
$0 Fraud Liability |
Auto Rental Collision Damage Waiver |
Extended Warranty Program |
Travel Accident Insurance |
Travel Assistance |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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