Bay Federal Credit Union Visa® Secured Credit Card

Bay Federal Credit Union Visa® Secured Credit Card Review

This is a secured credit card card issued by Bay Federal Credit Union. If you're wondering whether Bay Federal Credit Union Visa Secured Card is the right card for you, read on.

Key Takeaways

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 17.99%
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• 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.

Pros & Cons of Bay Federal Credit Union Visa Secured Card

The Good	The Bad
No annual fee. Extended warranty on purchases. Identity Theft Protection. No foreign transaction fee. Bay Federal Credit Union Visa® Secured Credit Card reports to multiple credit bureaus.	Higher than average purchase APRs. Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase.

Bay Federal Credit Union Visa Secured Card FAQ

Does Bay Federal Credit Union Visa Secured Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Bay Federal Credit Union Visa Secured Card benefits?

It provides the following benefits:

• Extended Warranty Protection
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Bay Federal Credit Union Visa Secured Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Bay Federal Credit Union Visa® Secured Credit Card has a variable purchase APR of 17.99%. The card has a variable balance transfer APR of 17.99% . It also has a variable cash advance APR of 17.99% .

What are the fees for Bay Federal Credit Union Visa Secured Card?

The following fees apply:

Bay Federal Credit Union Visa Secured Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$
Initial Program Fee	$
Foreign Transaction Fee	0%
Returned Payment Fee	Starting at $ up to $28
Late Payment Fee	Starting at up to $39

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Bay Federal Credit Union Visa® Secured Credit Card report your account activity to credit bureaus?

Yes, Bay Federal Credit Union Visa® 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 Bay Federal Credit Union Visa Secured Card

• Visit the Bay Federal Credit Union Visa 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 your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.