Imprint launches Imprint Access, a refundable-deposit-backed card
The new card is aimed at consumers building or rebuilding credit and is designed to earn rewards comparable to eligible co-branded cards, according to Imprint.
Imprint announced November 11 the launch of Imprint Access, a card backed by a refundable deposit and designed for consumers who are new to credit or rebuilding their credit history.
Imprint said eligible cardholders can earn the ongoing rewards associated with the participating brand’s unsecured co-branded cards. The company describes responsible use as an opportunity to build credit and potentially qualify to upgrade to an unsecured card; approval and upgrade decisions are not guaranteed.
A refundable deposit can secure a card account, but consumers should review deposit amount, refund timing, fees, APR, credit-reporting practices and the conditions for an unsecured upgrade. Rewards do not offset interest or fees for customers who carry a balance.
Imprint’s launch announcement presents product features and intended credit-building benefits, not independent evidence of score improvement or upgrade rates. Prospective applicants should review the cardholder agreement and confirm which version of the product is available to them.