121 Financial Credit Union Visa Platinum Secured Card Review

121 Financial Credit Union Visa Platinum Secured Card is a credit card issued by 121 Financial Credit Union. 

This card is designed for people who have bad credit. The minimum credit score to apply is 300. 121 Financial Credit Union is one of the few credit card issuers that allows applicants to include a cosigner, which improves the approval chances of people with not-so-great credit.

This card has a minimum credit limit of 500.

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

Pros & Cons of 121 Financial Credit Union Visa Platinum Secured Card

The Good	The Bad
Lower than average purchase APRs. No annual fee. Considers applicants with fair or poor credit. 121 Financial Credit Union Visa Platinum Secured Card reports to multiple credit bureaus.	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 rewards.

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

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

121 Financial Credit Union Visa Platinum Secured Card Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

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

121 Financial Credit Union Visa Platinum Secured 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 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 Card has lower than average purchase APRs.

121 Financial Credit Union Visa Platinum Secured Card has a variable purchase APR of 14.4%. The card has a variable balance transfer APR of 14.4% . It also has a variable cash advance APR of 14.4% . 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.

121 Financial Credit Union Visa Platinum Secured Card Balance Transfers

Description
Balance Transfer APR	14.4%
Introductory Rate	N/A
Intro APR period (months)	N/A

121 Financial Credit Union Visa Platinum Secured Card Rates & Terms

Description
Balance Computation	average daily balance (including new purchases)
Purchase APR	14.4%
Credit Limit	500
Penalty APR	17.9%
Cash Advance APR	14.4%
Security Deposit	N/A
Introductory Rate	N/A
Intro APR period (months)	N/A

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

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

• There is no overlimit fee

121 Financial Credit Union Visa Platinum Secured Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	1%
Minimum Balance Transfer Fee	$0
Returned Payment Fee	up to $25
Late Payment Fee	up to $25

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

121 Financial Credit Union Visa Platinum Secured 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 can help improve your credit score.

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

• Visit the 121 Financial Credit Union Visa Platinum Secured 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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.