Skip to main content
All CollectionsGetting Started
Understanding the Gabriel Secured Deposit Account and the Gabriel Secured Card
Understanding the Gabriel Secured Deposit Account and the Gabriel Secured Card
Updated over a week ago

Understanding how your Gabriel Secured Deposit Account and Gabriel Secured Card works is key to maximizing their potential and achieving your financial goals.

To help you start building your Credit Score, your Gabriel Secured Card is a Secured Credit Card with no APR interest rate or need of a previous credit score to apply. The card is tied to the Gabriel Secured Deposit Account in which you can add as much money as you want and its amount determines the Card Limit up to $15,000.

Your Gabriel Secured Deposit Account can easily transfer money in and out from an external account, giving you flexibility and control over your funds. You can also make cash withdrawals in partner ATMs. To locate a partner ATM near you, click here.

Every month, as you use your Gabriel Secured Card to make the purchases you already would, a statement is generated. You can pay it manually or let it be automatically processed, ensuring timely monthly payments that are reported to major credit bureaus. This process helps you build a credit history, an important step toward achieving your financial prosperity.

How does your Gabriel Secured Card work?

  1. Create a Gabriel Money account.

  2. Deposit money into your Gabriel Money account. That amount will be your secured deposit for your Gabriel Secured Card.

  3. Gabriel Money will send you a Gabriel Secured Card with a limit of the amount you deposited into your Gabriel Money account.

  4. Activate your new card through the app and buy the things you would normally purchase using your new Gabriel Secured Card.

  5. At the end of the month, you can choose to either utilize the funds available in your Gabriel Money account that you initially deposited or deposit additional funds to cover your Gabriel Secured Card payment.

You May Also Find Interesting

Did this answer your question?