<prompt> Human: My fiance and and I are looking to buy a house. We looking to get a USDA loan and have found some great houses that are eligible. My fiance has a very weak credit history, and our loan officer suggested that he get this secured card because it reports to all 3 agencies very quickly - withina week. Right now, he only has a TransUnion score.I am sure I may be back with more questions... but I am just hoping that anybody could help me understand what this bank is offering.It looks to be a secured card with a 300 limit where you put your own money on the card, use it, then of course pay the amount in full every month.The fees associated this with card are not my favorite, but...Processing Fee 95.00 one-time feeAnnual Fee 75.00 for first year. After that, 45.00 annually.Monthly Servicing Fee. None for first year introductory Any advice or other options available?Thank you!UPDATE:The tempting part about it is that he said they report quickly to the 3 agencies... it clouded my judgement!The kicker is, my sister recommended him to me and she MAJORED IN ECONOMICS. She must have had all her ducks perfectly in a row and just needed SOMEBODY to be her loan officer.I made this post without doing a whole lot of research about secured cards, but there was no way I felt comfortable with the fees and the INTEREST! Holy shift. Wed never carry over a balance, but still.I guess I just had to type it out to see how horrible it was. I will be getting a new loan officer!Thank you all so much for your help. Ill be returning if I need saving in the future. :  <response>: This is a complete rip off. 