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  121 Financial Credit Union Visa® Platinum Secured Credit Card

121 Financial Credit Union Visa® Platinum Secured Credit Card

in Personal Credit Cards from 121 Financial Credit Union

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121 Financial Credit Union Visa® Platinum Secured Credit Card

Unaffiliated

in Personal Credit Cards from 121 Financial Credit Union

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Highlights
Purchase APR  (Variable APR) 15.24%
Balance Transfer APR  (Variable APR) 15.24%
Credit Score Range 300 - 850
Annual Fee Starting at $25

121 Financial Credit Union Visa® Platinum Secured Credit Card Review

121 Financial Credit Union Visa® Platinum Secured Credit Card is a secured credit card credit card issued by 121 Financial Credit Union. If you're wondering whether 121 Financial Credit Union Visa® Platinum Secured Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • Competitive APRs. 121 Financial Credit Union Visa® Platinum Secured Credit Card has a variable purchase APR of 15.24%
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
  • Accepts cosigners. 121 Financial Credit Union is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
  • Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
  • Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.
121 Financial Credit Union Visa® Platinum Secured Credit Card Pros & Cons
The Good The Bad
  • Lower than average purchase APRs.
  • Identity Theft Protection.
  • Considers applicants with fair or poor credit.
  • 121 Financial Credit Union Visa® Platinum Secured Credit Card reports to multiple credit bureaus.
  • Charges an annual fee of up to $25.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 1%.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.
121 Financial Credit Union Visa® Platinum Secured Credit Card FAQ

Is there a 121 Financial Credit Union Visa® Platinum Secured Credit Card cash back or rewards program?

No, 121 Financial Credit Union Visa® Platinum Secured Credit Card does not offer a rewards program.

What are the 121 Financial Credit Union Visa® Platinum Secured Credit Card benefits?

121 Financial Credit Union Visa® Platinum Secured Credit Card provides the following benefits:

  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for 121 Financial Credit Union Visa® Platinum Secured Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. 121 Financial Credit Union Visa® Platinum Secured Credit Card has lower than average purchase APRs.

121 Financial Credit Union Visa® Platinum Secured Credit Card has a variable purchase APR of 15.24%. The card has a variable balance transfer APR of 15.24% . It also has a variable cash advance APR of 15.24% . Note that late payments are subject to an APR of 17.9% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does 121 Financial Credit Union Visa® Platinum Secured Credit Card have an introductory APR offer on balance transfers?

No, 121 Financial Credit Union Visa® Platinum Secured Credit Card does not come with an introductory APR offer for balance transfers.

Does 121 Financial Credit Union Visa® Platinum Secured Credit Card have an introductory APR offer on new purchases?

121 Financial Credit Union Visa® Platinum Secured Credit Card does not offer an introductory rate on new purchases.
121 Financial Credit Union Visa® Platinum Secured Credit Card Purchase Intro Offer
Description

What are the fees for 121 Financial Credit Union Visa® Platinum Secured Credit Card?

The following fees apply to 121 Financial Credit Union Visa® Platinum Secured Credit Card:

  • There is no overlimit fee
121 Financial Credit Union Visa® Platinum Secured Credit Card Fees
Fees Amount
Annual Fee N/A
Overlimit Fee $0
Foreign Transaction Fee 1%
Returned Payment Fee up to $25
Late Payment Fee up to $25

Does 121 Financial Credit Union Visa® Platinum Secured Credit Card have a foreign transaction fee?

121 Financial Credit Union Visa® Platinum Secured Credit Card charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

Does 121 Financial Credit Union Visa® Platinum Secured Credit Card report your account activity to credit bureaus?

Yes, 121 Financial Credit Union Visa® Platinum Secured Credit Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for 121 Financial Credit Union Visa® Platinum Secured Credit Card

  • Visit the 121 Financial Credit Union Visa® Platinum Secured Credit Card website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:00pm
  • Tuesday 8:30am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 8:30am - 5:00pm
  • Friday 8:30am - 5:00pm
  • Saturday 9:00am - 12:00pm

About 121 Financial Credit Union Visa® Platinum Secured Credit Card

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View all personal credit cards offered by 121 Financial Credit Union

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $5
Cash Advance Fee (%) 2%
Minimum Cash Advance Fee ($) Starting at $5
Foreign Currency Transaction Fee 1%
Annual Fee Starting at $25
Returned Payment Fee Up to $25
Paper Statement Fee $5
Late Fee Amount Up to $25
Customer Type Personal
Minimum Age 18
Co-signing Allowed
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 300 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
  • Identity Theft Protection
Rewards Type No Rewards
Cash Advance APR (Variable APR) 15.24%
Balance Computation Average daily balance (including new purchases)
Credit Limit Starting at $500
Penalty APR (Variable APR) 17.9%
Purchase APR (Variable APR) 15.24%
Balance Transfer APR (Variable APR) 15.24%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%
Card Type
  • Secured
  • Low Interest
  • Bad Credit
Card Network Visa

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