"It's more of a secured card than an unsecured card, but it's both, which is very nice," said Curtis Arnold, founder of CardRatings.com. "And some people just don't have 200 bucks to put down as a deposit, so only having to put $49 down is great."
In addition, there are no foreign transaction fees -- which is true for all of the bank's debit and credit cards. And the card reports to the three major credit bureaus.
But if you carry this card you should vow never, ever to carry a balance because the APR is a high 22.9%.