Are you looking for a credit card that will help you build your credit score? The Sable One secured credit card could be the perfect solution for you!
With this revolutionary new card, you can choose your own security deposit amount, earn rewards and get on the path to unsecured credit.
In this article, we’ll review all the features of the Sable One Credit Card and share why it’s the 2023 card you need!
Table of Contents
Quick Overview
The Sable ONE Credit Card is an ideal selection for individuals seeking to reconstruct their credit. A coastal community bank provides this Credit Card.
No credit assessment is required at the time of application. You may be eligible to receive your deposit plus a reward if you demonstrate responsible use of the account and enhance your credit score.
This card offers a no-cost annual membership and a 1-2% cashback~ for all purchases.
Moreover, the activity on the card will be reported to credit agencies regularly, thus providing an opportunity to boost your credit score in the long run.
The Sable ONE Credit Card may come with a requirement to have a Sable bank account for funding the initial deposit.
Nevertheless, no minimum amount must be deposited, and the spending limit will equate to the sum of money placed in the deposit.
The Sable ONE Credit Card is great for those who need to build their credit record.
Introduction
The Sable ONE Credit Card is an excellent choice for people looking to rebuild their damaged credit without undergoing a credit check. It has no annual fee, rewards of 1-2% cash back on purchases, monthly reports to the credit bureaus, cell phone protection and other perks – making it a great card to get back on track.
Quick Facts
- No Annual fees
- 1-2% cash back on purchases
- No credit check required
- Monthly reporting to credit bureaus
- Cell phone protection
- Up to $10,000 credit limit
- No SSN is required for non-US citizen
- Rental car insurance.
- Foreign Transaction Fee of 2%
- You Can Graduate to Unsecured in 4 Months
Now, we know a quick overview of the Sable ONE Credit Card and what are the pros and cons of having this card. So, let’s get into details about each feature.
“Why should you apply for a Sable One Credit Card ?”
Here are the detailed Benefits of the Sable Sable One Credit Card that make it an excellent choice for people with bad credit:
#1. No Annual Fee
The Sable One Credit Card is a secured credit card with many benefits for those who qualify.
One of the main benefits is that the card has no annual fee. This makes it significantly cheaper than unsecured credit cards for people with bad credit.
In addition, the Sable One Credit Card is on par with the best-secured cards in terms of its annual fee. This makes it an excellent choice for people who want to rebuild their credit but don’t want to pay high fees.
#2. 1 – 2% Cash Back on Purchases
The Sable Card is an outstanding credit card that offers generous rewards for purchases made with Amazon, Hulu, Netflix, Spotify, Uber and Whole Foods.
For these transactions, cardholders can earn a remarkable 2% in returns – and even 1% on all other purchases.
Sable Card is an excellent choice for those who are attempting to repair their credit score since it has no annual fees and rewards that can give you an edge over other no-fee cards.
Moreover, Sable provides a one-to-one reward match during the first twelve months of use – doubling whatever you receive.
This makes Sable Card a great way to get back on your feet financially.
#2. Graduate to Unsecured Credit Card in 4 Months
The Sable One Credit Card presents an excellent opportunity for those striving for an unsecured credit card. Provided the eligibility criteria are met, you could be eligible to receive your unsecured credit card in as little as 4 months!
To be eligible,
- To be eligible, It is essential for the account holder to pay their bill in a timely manner each month.
- Accumulate 15+ transactions a month, including one that is worth $250 or higher.
- Been approved for a credit limit of more than $500 over the past 4 months.
The Sable One Credit Card is an excellent choice for individuals hoping to elevate their credit rating and upgrade to a card that doesn’t require collateral.
#3. No membership fees
Unlike some secured credit cards, the Prosper card has no membership fees. This makes it a more affordable option for people with bad credit.
In addition, the Prosper card doesn’t have any hidden fees or charges. This makes it a good choice for people who want a straightforward credit card.
The only fee you’ll need to pay is the annual fee, which is $0.
#4. Qualify with limited or no credit history
You can qualify for the Sable One Credit Card even if you have limited or no credit history. This makes it a good option for people starting to build their credit.
In addition, the Sable One Credit Card is a good option for people who have bad credit but want to improve their credit score.
#5. Very Low APR
The Secured Sable ONE Credit Card is a great option if you’re looking for a credit card with great benefits and a low APR. With a 12.49% Variable interest rate, it’s one of the lowest rates on the market.
And if you’re worried about being able to pay your bill in full each month, don’t worry – carrying a balance from month to month is generally not a good idea with a secured credit card like this one.
That’s because you can only spend up to the amount you put down as a deposit. So if you carry a balance, you’ll only be paying interest on the amount you originally deposited – meaning you’re essentially paying interest on a loan you’ve given yourself.
With an average APR of 18.95% among secured credit cards right now, the Secured Sable ONE Credit Card is a great option for anyone looking for a credit card with great benefits and low APR.
#6. No social security number is required.
Applying for a credit card usually requires a social security number, but what if you don’t have one? Sable is a bank that doesn’t require a social security number to open an account, which makes it accessible to non-U.S. citizens.
To open an account with Sable, if you don’t have an SSN, you will need a passport, your U.S. Visa, and your U.S address so that you can apply for both a debit and credit card inside the Sable app.
If you do have an SSN, you must provide it on your application form when applying for Sable services; otherwise, withholding this information is only possible if you’re a non-U.S. citizen without an SSN.
So why would you want to use a credit card without a social security number? For one thing, it can help you build your US credit history. And if you’re a student or working professional new to the country, having a Sable card can make it easier to rent an apartment or get utilities set up in your name.
So if you’re looking for a way to build credit without using a social security number, Sable is worth considering.
#7. Doesn’t require a credit check
For consumers with bad or limited credit history, the Sable ONE Credit Card offers an excellent opportunity to begin building credit from day one.
No credit check is required when you apply for the card, so your credit score won’t be affected. And because a deposit secures the card, you can be approved even with bad credit.
So if you’re at least 18 years old and can afford to make monthly bill payments, the Sable ONE Credit Card could be a great option for you. Begin rebuilding your credit today and enjoy all the benefits of good credit.
#8. Unique Security Deposit Requirement
The Sable ONE Credit Card is a great option for people looking to improve their credit score. The Secured Sable ONE Credit Card has a spending limit equal to the security deposit amount.
You need to transfer money from a Sable bank account into the security deposit to use the card. The more money you put into the security deposit, the better it is for your credit score—assuming you spend responsibly.
The unique security deposit requirement makes this card a good choice for people trying to improve their credit score and avoid accruing debt. However, it is important to remember that you are still responsible for making timely payments on your credit card balance to avoid late fees and penalties.
#9. Cell Phone Protection and Other Benefits
As anyone who has ever had their cell phone stolen or damaged knows, replacing a phone can be expensive. The Secured Sable ONE Credit Card comes with cell phone protection, which means you’ll be reimbursed up to $600 if your phone is stolen or damaged.
In addition, the card offers a purchase satisfaction guarantee, so if you’re not satisfied with a purchase, you can return it within 60 days and get a full refund.
Other benefits of the card include price protection, extended warranty coverage, and car rental insurance. So if you’re looking for a credit card with plenty of perks, the Secured Sable ONE Credit Card is a great option.
#10. Credit limit to $10,000 credit limit
The Sable one secured credit card is a great option for people looking to improve their credit score. The sable one secured credit card has a spending limit equal to the security deposit amount, which means you can be approved for a credit limit of up to $10,000.
You need to transfer money from a Sable bank Account into the security deposit to use the card, but the more money you put into the security deposit, the better it is for your credit score—assuming you spend responsibly.
#11. Credit is Reported to major credit bureaus
The Sable one secured credit card reports your credit activity to major credit bureaus, which means your responsible credit use can help improve your credit score.
Read More: How to activate your sable one secured card?
Why should you not get the Sable ONE Credit Card?
Now, we know the all benefits and features of the Sable ONE Credit Card, but what about the drawbacks?
Let’s take a look at some of the negatives of this card.
#1. Security deposit required to access credit limit
The biggest drawback of the Sable ONE Credit Card is that you need to make a security deposit to access your credit limit.
This can be a problem if you’re trying to improve your credit score but don’t have any money to put down as a deposit. In addition, the amount of money you can spend is limited by the size of your security deposit.
So if you’re looking for a credit card with no deposit required, the Sable ONE Credit Card is not the right choice.
#2. Sable bank account required
Another drawback of the Sable ONE Credit Card is that you need to have a Sable bank account to use it.
This can be a problem if you don’t have a Sable bank account or don’t want to open one. Ver limited number of the Credit issuer bank require that type of bank account to get the credit card.
So if you’re looking for a credit card that doesn’t require a Sable bank account, the Sable ONE Credit Card is not the right choice.
#3. No cash advances or balance transfers
The Sable ONE Credit Card doesn’t offer cash advances or balance transfers. So if you’re looking for a credit card that offers these features, the Sable ONE Credit Card is not the right choice.
Who is this credit card best for?
The Sable ONE Credit Card is best for people who:
- Are you trying to improve your credit score
- Have a Sable bank account
- Don’t mind making a security deposit
- Want a credit card with plenty of perks and benefits
The Sable ONE Credit Card is a great choice if you meet all of the above criteria.
The alternative of a sable one secured credit card?
If you’re not sure the Sable ONE Credit Card is right for you, here are a few alternative credit cards to consider:
- Capital One® Platinum Secured Mastercard®
- OpenSky® Secured Visa® Credit Card
Let’s Check all the above alternatives in short:
Sable ONE Credit Card Vs.Capital One® Platinum Secured Mastercard
The Sable ONE Secured Credit Card is better than the Capital One® Platinum Secured Mastercard because it has no annual fees and a lower APR.
Further, the Sable ONE Secured Credit Card offers rewards rates of 1% to 2%, while the Capital One® Platinum Secured Mastercard does not offer any cashback or rewards.
Finally, the SSN is not required for non-U.S. citizens with the Sable ONE Secured Credit Card, while the SSN is required for the Capital One® Platinum Secured Mastercard.
Sable ONE Credit Card Vs.OpenSky® Secured Visa® Credit Card
The Sable ONE Secured Credit Card is better than the OpenSky® Secured Visa® Credit Card because it has an annual Fee of $0, while OpenSky® Secured Visa® Credit Card charges $35.
The Sable ONE Secured Credit Card also offers a Reward rate of 1% to 2%, while OpenSky® Secured Visa® Credit Card does not offer cashback/rewards.
other than this, the APR for the Sable ONE Secured Credit Card is 12.49% (variable), while the APR for the OpenSky® Secured Visa® Credit Card is 17.39%(variable).
Also, SSN is not required in case of Not Required For Non-U.S. Citizens for Sable ONE Secured Credit Card, while OpenSky® Secured Visa® Credit Card is required.
What Is the Credit Score Needed for Sable ONE Secured Credit Card?
No credit check is not required for Sable ONE Secured Credit Card. A security deposit is all needed to access your credit limit, so your credit score is not a factor in determining whether or not you’re approved for the card.
Can you increase your credit limit with the Sable ONE Secured Credit Card?
You can increase your credit limit with the Sable ONE Secured Credit Card! To do so, go to the app, head to the ‘Cards’ section, and scroll through to the ‘Secured Credit Card’ section.
Click ‘Increase Credit Limit’ and select a new credit limit. You may need to add additional secured funds from your Sable checking account, but once you’ve done that, you’ll be all set with a higher credit limit!
How to Apply for Sable ONE Secured Credit Card?
Applying for the Sable ONE Secured Credit Card is simple and only takes a few minutes. Those interested in obtaining the card must open a Sable account via the company’s website.
Applying for the Sable ONE Secured Credit Card is easy as can be! Just follow these simple steps, and you’ll be on your way to enjoying all the benefits of being a cardholder:
1) Go to Sable’s website and choose ‘Open An Account
2) Provide some personal information
3) Download the Sable app to finalize your account
4) And that’s it! If you don’t have a Social Security Number, no problem! Just bring your passport, U.S. Visa, and U.S. address instead, and we’ll scan your passport.
The entire process should only take around 5 minutes total.
What are the eligibility criteria for Sable ONE Secured Credit Card?
There are no Strict Eligibility Criteria, but Sable may still check your creditworthiness. To be eligible for the Sable ONE Secured Credit Card, you must:
- Be at least 18 years old
- Have a U.S.-based checking account
What is the Customer care number for Sable ONE Secured Credit Card?
If you need customer service for your Sable ONE Secured Credit Card, there are a few ways to get in touch with the company. You can start by emailing help@sablecard.com or giving them a call at 1-888-583-8383.
The company has earned 3.7/5 stars on Trustpilot, but only a handful of customers have reviewed the new service. Sable Money has an A- rating with the Better Business Bureau (BBB) but is not BBB-accredited.
Overall, it looks like Sable is attentive to their customer’s needs and offers multiple communication channels – so if you’re having any trouble with your card, don’t hesitate to reach out!
How to cancel your Sable ONE Secured Credit ?
Cancelling your Sable ONE Secured Credit Card is easy – simply call customer service at 1-888-583-8383, and they’ll take care of the rest. You can also email help@sablecard.com, but we recommend giving them a call so you can speak to someone directly.
Conclusion: Is Sable a good credit card?
Sable One Credit Card Review | The Card You Need! - March 2023
Overall, we think the Sable ONE Secured Credit Card is a great option for those looking to rebuild their credit. The card offers a low APR, doesn't require an SSN for international applicants, and provides a way to increase your credit limit over time.
4.1
Pros
- No annual fee
- 1-2% cash back on purchases
- No credit check required
- Fast application
- Credit reporting
- Monthly reporting to credit bureaus
- Low APR
- Cell phone protection
- Up to $10,000 credit limit
- No SSN is required for non-US citizen
Cons
- Security deposit required to access credit
- No cash advances
- No balance transfers
- Sable bank account required
- No welcome bonuses or intro offers
The only downside is that there’s no way to pre-qualify for the card, so you won’t know if you’re approved until after you’ve applied. But if you’re willing to take that risk, the Sable ONE Secured Credit Card could be a great option for you!
We hope you found this Sable ONE Secured Credit Card review helpful! If you have any questions that we didn’t cover, feel free to reach out in the comments or contact customer service directly.
And don’t forget – if you’re looking for a great secured credit card for Bad Credit, the Sable ONE Secured Credit Card is worth considering.
Read More:
- How to activate my first premier credit card?
- How can i check the status of my first premier credit card?
FAQ
-
What kind of credit card is Sable ONE?
Sable ONE is a secured credit card that can help you build or improve your credit. With a Sable ONE account, you’ll get a credit line backed by a security deposit.
If you don’t make your payments on time, the card issuer can use your deposit to cover the cost of your debt. And because Sable ONE is a secured credit card, it’s available to people with bad credit who may not be able to get an unsecured credit card.
-
What kind of credit card is Sable ONE?
Sable ONE is a secured credit card that can help you build or improve your credit. With a Sable ONE account, you’ll get a credit line backed by a security deposit.
If you don’t make your payments on time, the card issuer can use your deposit to cover the cost of your debt. And because Sable ONE is a secured credit card, it’s available to people with bad credit who may not be able to get an unsecured credit card.
-
Is Sable ONE a Good Credit Card?
Sable ONE is a good credit card for people with bad credit. It is a secured credit card, which means you must put down a deposit to get the card. The deposit is equal to your credit limit. Sable ONE offers cash back on purchases, so it’s a good way to earn rewards while rebuilding your credit.
-
What is the maximum credit limit for Sable ONE?
The highest credit limit for Sable ONE is $10,000. You can use your Sable ONE card to purchase up to $10,000. If you need to purchase $10,000, you will need to use another form of payment.
-
Who should get the Sable Secured Credit Card?
The Sable Secured Credit Card is a credit card that people with bad credit can use. It is a secured credit card, meaning the cardholder must put down a deposit to get the card.
The deposit is used as collateral if the cardholder doesn’t make their payments. The Sable Secured Credit Card can help people with bad credit improve their credit history. To get the Sable Secured Credit Card, the cardholder may not go through a credit check and provide their social security number.
-
What is a secured credit card, anyway?
A secured credit card is a type of credit card backed by a deposit you make with the issuer. This deposit serves as collateral for the credit card and is typically equal to your credit limit. With a secured card, you can use the card just like any other credit card, but if you default on your payments, the issuer can use your deposit to cover the outstanding balance.
-
What Is Sable Credit Card?
A Sable credit card is a credit card offered by Coastal Community Bank. It has a credit limit of $10,000 and offers cash back on purchases.
-
Is Sable Credit Card Legit?
Sable Credit Card is a secured credit card issued by Coastal Community Bank. It is available to people with bad credit and can help them rebuild their credit history. Sable Credit Card is a legitimate credit card and can be used just like any other credit card.
About Author
- As a personal finance and credit cards expert, I provide valuable insights and advice on budgeting, saving, investing, and debt management. I am also an expert on credit card rewards programs and help readers make informed decisions about which cards are right for them. My goal is to help people improve their financial literacy and make better financial choices.
