How to Apply for the Bank of Albuquerque Visa Secured Credit Card

The Bank of Albuquerque Visa Secured Credit Card is an excellent choice for someone with poor credit or someone looking to start a good credit history. To be eligible for this credit card you have to open a secured savings account and deposit between $300 and $5,000 into said account. The amount that you deposit will determine, and be equal to, the credit limit for your card. This deposit provides security for the credit card account, allowing the bank to make withdrawals from it should you miss a payment or find yourself unable to make the payment on time. The APR for this card is 21.49%, which is higher than most everyday credit cards or rewards-type credit cards (APR is subject to change). If you’re in search of a credit card with a low APR or an excellent rewards program, you’d be better off looking elsewhere. Those of you interested in establishing good credit might find the Bank of Albuquerque Visa Secured Credit Card a great choice. Follow our short tutorial below to apply for yours today.

Before entering any personal or financial information into the application form, read through the privacy policy provided by Elan Financial Services (EFS).


Make sure you meet the following requirements before applying for this card:

  • Applicants must be 18 years of age or older
  • Applicants must have a valid US address
  • Applicants must have a valid Social Security number
  • Applicants must make a deposit between $300 and $5,000

How to Apply

Step 1 – The first step of the application process involves you navigating to the Bank of Albuquerque credit card page on the EFS website. Scroll down to the last of the Consumer Credit Cards and click on the Apply Now button below the Bank of Albuquerque Visa Secured Credit Card.

Step 2 – To continue the application online, click the Get Started button on the left side of the page.

Step 3 Personal Information is the first section of the application form and asks that you enter the following information:

  • Full name
  • Date of birth
  • SSN/Tax ID
  • Country of citizenship
  • Country of permanent residence
  • Phone number
  • Email address (optional)

Step 4 – Next, you’re required to submit some information pertaining to your current living situation. Enter the following information into the indicated fields:

  • Street address
  • City
  • State
  • Zip code
  • Time at address
  • Housing status
  • Monthly payment

Step 5 – To gain an understanding of your financial situation, provide the following pieces of information under Income and Employment Information:

  • Employment status
  • Employer
  • Occupation
  • Annual income
  • Other income

After that, select which types of accounts you currently have open with Bank of Albuquerque. Click YES next to any accounts you have and enter the necessary information.

Step 6 – At this juncture, select YES if you’d like to add additional cardholders to the account and enter that person’s information. Skip this step if you don’t want to add an additional cardholder at this point in the process.

Step 7 – Complete the Secured Savings Account Information section starting with the Funding Account Type, Account Number and Routing Number. Next, enter the amount of money you’d like to deposit into the account (between $300 and $5,000).

Step 8 – Read through the secured savings account terms and conditions, as shown below, and tick the box above the Security Agreement stating that you have provided a valid Social Security number or Tax I.D. number.

Step 9 – The last step of the application process includes reading the terms and conditions and agreeing to them by checking the box next to I accept the Terms and Conditions. Click SUBMIT once you have completed this step.

Now all you have to do is sit back and wait for your application to be approved. It might take a few days, so don’t get nervous if you don’t get an answer right away. We trust that your application will be approved and we hope these instructions helped you get through the process with ease. Good luck!