And like most secured cards, the DCU Visa Platinum Secured credit card doesn't come with any perks or reward-earning possibilities; however, this card is designed to rebuild credit and not to help you amass rewards.
Is it the right one for you?
But what really differentiates this card is its low APR and no fees for cash advances and balance transfers. .This card has low rates and fees, making it a good option for college students.Chip-and-Signature Technology, for added protection when shopping.If you have a store credit card, do you know what the annual percentage rate (APR) is?Many entities, including the Digital Federal Credit Union, also allow you to join if youre already a member of a participating organization.Potential Downsides of the DCU Visa Platinum Secured Credit Card.Though it isn't good financial management to do it regularly, cardholders do have the option to borrow against their DCU savings account at a flat rate, earning dividends in the process.Contents, card Stats: Minimum Security Deposit: 500, maximum Security Deposit: 100,000, interest Rate:.50, introductory Interest Rate: None, grace Period: 25 days, foreign Transaction Fees: None.And with standard balance transfers fees at 3 percent and cash advance fees of up to 5 percent in the industry, DCU Visa Platinum Secured cardholders looking to rebuild their credit or who have unforeseen expenses can seriously stand to benefit from the lack.This card is in a class above most other secured cards, no annual fee and a low APR make it very attractive for those with a bad credit history.
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For this reason, its a good idea to pay off your althea 10 discount code balances in full every month.
Read: Secured Cards Sorted By APR, rewards Program.This allows you to use your savings as collateral to borrow money, while keeping cash on hand for other expenses.As long as you pay off your balance in full each month, no interest charges will be accrued, making this a cheap option to improve your credit (although the interest rates on this card are actually very low, even for non-secured cards).The DCU Visa Platinum Secured Credit Card has several other benefits.Neither card has an annual fee, and both report to all three credit bureaus and offer benefits that include rental car insurance and Apple Pay.Additionally, the APR on the DCU Visa Platinum Secured Credit Card is low comparatively.Bottom line: if you cant afford the 500 deposit, go with the.Works with Apple Pay, visa, travel Services, including 500,000 in free travel insurance coverage.I find this to be a great deal, I recommend this card!How the DCU Visa Platinum Secured Credit Card Compares to Other Secured Cards.Room Coverage, if youre late to eligible hotels, motels, and resorts, youre guaranteed that your room remains available.
What Our Editors Like Most About the DCU Visa Platinum Secured Credit Card.