Secured Credit Card at Old National Bank

Build credit with confidence. The Secured Credit Card from Old National Bank is designed to help responsible consumers establish or rebuild their credit while providing the everyday convenience and protections of a modern credit card. Thoughtfully structured for clarity and control, this secured product combines a straightforward funding model with transparent account management, credit reporting, and tools to help you move toward an unsecured future.

What makes it different?

The secured card is backed by a refundable security deposit that typically determines your credit limit. This structure reduces the bank’s risk and opens the door for consumers who may not yet qualify for traditional unsecured credit. Unlike some secured options, this card is built with features that go beyond the basics — including clear pathways to upgrade, helpful digital tools, and consistent reporting to major credit bureaus to support your credit-building goals.

Key features

• Refundable security deposit: You provide a security deposit that becomes the foundation of your credit limit. Your deposit remains yours and is refundable if you graduate to an unsecured card or close the account in good standing.
• Credit bureau reporting: Regular monthly reporting to major credit bureaus helps create an accurate credit history when payments are made on time.
• Graduation opportunities: As you demonstrate responsible use, you may be eligible to transition to an unsecured card without the need for an additional deposit.
• Everyday acceptance: Use your card wherever credit cards are accepted for purchases, travel, and online shopping.
• Digital account management: Manage payments, monitor balances, set alerts, and view statements via online banking and a mobile app.
• Fraud protection: Built-in security features monitor unusual activity and provide protections that limit your liability for unauthorized charges.
• Clear disclosures: Fee and rate information is presented clearly so you can make informed decisions about how to use the card.

Benefits for cardholders

• Rebuild or establish credit: Consistent, on-time payments contribute positively to your credit profile and demonstrate responsible financial behavior.
• Budget-friendly control: The deposit-based limit can help prevent overspending by tying your available credit to funds you have set aside.
• Path to better products: Responsible use can lead to an upgrade to an unsecured card and access to broader credit options.
• Convenience and safety: Digital payments, contactless technology, and robust fraud detection make daily spending simple and secure.
• Financial education: Tools and resources help you understand credit scoring, payment strategies, and ways to improve your overall financial standing.

How it works — simple and transparent

To open the secured card, you make a security deposit that typically determines your initial credit limit. The account functions like a standard credit card: make purchases, receive a monthly statement, and make at least the minimum payment by the due date. Each timely payment is reported to the credit bureaus, helping to build payment history and improve credit score over time. As you demonstrate reliable behavior, Old National Bank reviews accounts for potential upgrades to unsecured credit, at which point your deposit may be refunded or applied toward a new credit line.

Managing your account responsibly

Successful credit building depends on consistency. Here are practical tips to get the most from your secured card:

• Make at least the minimum payment each month and strive to pay the balance in full whenever possible to avoid interest charges.
• Keep your credit utilization low — using a small portion of your available limit and paying off balances regularly shows responsible credit management.
• Set up automatic payments and alerts to avoid missed due dates and protect your credit history.
• Monitor your credit reports periodically to track progress and ensure accuracy of reported information.
• Take advantage of online budgeting tools to plan purchases and maintain healthy spending habits.

Security and customer protections

Your security is a priority. The card includes industry-standard safeguards such as encryption for digital transactions, monitoring for suspicious activity, and clear liability protections for unauthorized charges. If you suspect misuse of your account, follow the bank’s account security procedures to report and resolve issues promptly. Regular statements and account alerts also help you stay on top of activity and detect potential problems early.

Who should consider this card?

The Secured Credit Card at Old National Bank is ideal for:

• First-time credit users looking to build a positive payment history.
• Consumers who have experienced credit challenges and want to rebuild responsibly.
• Anyone seeking a controlled, low-risk way to participate in the credit system while demonstrating financial responsibility.

Transparent costs and responsible credit use

Fees and terms vary by product and by applicant; all costs are disclosed up front so you can make an informed decision. Responsible use not only minimizes fees and interest but also accelerates the path to stronger credit. Old National Bank emphasizes clear communication, fair practices, and a step-by-step approach that rewards positive financial behavior.

Getting started

Opening a secured credit card is a straightforward process that begins with an application and a security deposit. Once your account is active, use the card for regular purchases, make timely payments, and monitor progress through online account tools. With patience and consistency, cardholders can build the credit foundation needed to qualify for broader credit opportunities in the future.

The Secured Credit Card at Old National Bank is a practical, transparent tool for credit building — combining modern conveniences with responsible safeguards to guide you toward better financial options.

Address Bank: Chicago, Illinois Evansville, Indiana, U.S.
Bank: Old National Bank
Headquarters: Evansville, Indiana
Products: Cards
Type: Secured Credit Card