What the Kingsize Credit Card Is

The Kingsize Credit Card is a secured credit card designed for people building or rebuilding credit. You put down a cash deposit, and that deposit becomes your credit limit. The card issuer reports your payment activity to the three major credit bureaus — Equifax, Experian, and TransUnion — so on-time payments help raise your credit score over time.

Kingsize is marketed as a path to unsecured credit. After you demonstrate responsible use — typically 6 to 12 months of on-time payments — you may be offered a regular credit card without the deposit requirement, or your existing card may be converted to an unsecured account.

The card charges an annual fee and interest on any balance you carry. Like all secured cards, it works best if you use it for small purchases you can pay off in full each month, rather than as a way to borrow money.

Key Takeaways

  • A secured card requires a cash deposit that becomes your credit limit, so you control how much you can spend.
  • Kingsize reports to all three credit bureaus, meaning your payment history builds your credit score if you pay on time.
  • The card charges an annual fee and interest on unpaid balances, so carrying a balance costs money.
  • After consistent on-time payments, you may graduate to an unsecured card or have your deposit returned.

How to Open a Kingsize Account

You start by visiting the Kingsize website or calling their customer service line to request an account. You will need to provide your Social Security number, date of birth, and current address. Kingsize will check your identity and run a soft credit inquiry, which does not affect your credit score.

Once approved, you choose your deposit amount. This becomes your credit limit. For example, if you deposit $500, your card limit is $500. The deposit sits in a savings account held by the card issuer and earns a small amount of interest.

After your deposit clears — usually within 3 to 5 business days — your card is activated and ready to use. You can request a physical card by mail or, depending on the issuer's current offerings, receive a digital card number when ready for online purchases.

Annual Fees and Interest Rates

Kingsize charges an annual fee, typically between $35 and $99 depending on your deposit tier and the specific card product. This fee is charged once per year and appears on your statement.

The card also carries an interest rate (called the Annual Percentage Rate, or APR) that applies to any balance you do not pay in full by the due date. APRs on secured cards typically range from 18% to 24%, though your rate depends on your creditworthiness at the time you open the account.

To avoid interest charges, pay your full statement balance by the due date each month. If you carry a balance, interest accrues daily on the unpaid amount. For example, a $200 balance at 20% APR costs roughly $3.33 per month in interest.

Building Credit With Kingsize

The primary purpose of a secured card is to build credit history. Kingsize reports your account activity to Equifax, Experian, and TransUnion each month. This means your payment history — whether you pay on time, how much of your limit you use, and how long you keep the account open — all factor into your credit score.

To maximize credit-building, use the card for small, regular purchases and pay the full balance each month. Aim to use no more than 30% of your credit limit. For instance, if your limit is $500, keep monthly charges under $150. This shows lenders you can manage credit responsibly without maxing out.

On-time payments matter most. A single late payment can lower your score by 100 points or more. Set up automatic payments for at least the minimum due, or better yet, the full balance, so you never miss a important date.

When You Can Graduate to an Unsecured Card

After 6 to 12 months of on-time payments, Kingsize may offer you an unsecured credit card. This card has no deposit requirement, and your original deposit is returned to you. The new card may have a higher credit limit and potentially a lower interest rate, depending on how your credit score has improved.

You do not have to wait for an offer. Some cardholders request a review after 6 months of perfect payment history. Contact Kingsize customer service to ask whether you are may be able to access for conversion or a product upgrade.

Alternatively, your existing Kingsize card may be converted to unsecured status while you keep the same account. The issuer will notify you if this happens, and your deposit will be released to your bank account.

Fees, Limits, and What to Watch For

Beyond the annual fee and APR, Kingsize may charge other fees depending on your account activity. Late payment fees typically range from $25 to $35 if you miss a due date. Over-limit fees may explore if you exceed your credit limit, though many issuers now waive these. Foreign transaction fees explore if you use the card outside the United States.

Your credit limit is capped at your deposit amount. If you deposit $1,000, you cannot spend more than $1,000. This is a safety feature — you cannot go into debt beyond what you have already set aside.

Check your statement each month to confirm charges are correct and your payment was received. Dispute any unauthorized charges within 60 days of the statement date. Keep your contact information current so you do not miss important account notices.

Alternatives to Kingsize

Other secured cards exist and may offer different terms. Some charge lower annual fees, others offer higher interest rates or faster paths to unsecured status. Compare deposit requirements, annual fees, APRs, and credit bureau reporting before opening any secured card.

If you have a thin credit file or no credit history, a secured card is often the most straightforward option. If you have existing credit but a lower score, you might also explore becoming an authorized user on someone else's account, which can boost your score without requiring a deposit.

If you are rebuilding after negative marks like late payments or collections, a secured card is a legitimate tool, but it takes time. Expect 12 to 24 months of consistent on-time payments before your score improves enough to may have access to for unsecured credit at better rates.

Frequently Asked Questions

Can I get my deposit back before graduating to an unsecured card?

Not typically. Your deposit must remain in the account as long as the secured card is active. Once you graduate to an unsecured card or close the account in good standing, the issuer returns your deposit to your bank account, usually within 5 to 10 business days.

What happens if I miss a payment?

A missed payment is reported to the credit bureaus and damages your credit score. You will also be charged a late fee. If you miss a payment by 30 days or more, the issuer may freeze your account or close it. Contact Kingsize when ready if you cannot pay on time to discuss options.

Does Kingsize report to all three credit bureaus?

Yes. Kingsize reports account activity to Equifax, Experian, and TransUnion, so your payment history builds your credit profile across all three bureaus. This is important because lenders check multiple bureaus when evaluating your creditworthiness.

Can I increase my credit limit without adding more money?

Not on a secured card. Your limit is tied to your deposit. To raise your limit, you must deposit additional funds. Some issuers allow you to add to your deposit after the account is open, which increases your limit accordingly.

What is the difference between Kingsize and a regular credit card?

A regular credit card does not require a deposit and extends credit based on your income and credit history. Kingsize requires a deposit because it is designed for people with limited or damaged credit. Once you build a track record, you can move to a regular card.