BayPort Credit Union Mastercard® Platinum Secured Review

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

• Competitive APRs. BayPort Credit Union Mastercard® Platinum Secured has a variable purchase APR of 14.99%
• 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.
• $0 Balance transfer fee. This card does not charge a fee on balance transfers. After the introductory period, the fee is 0%.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1.10% every time you make a transaction outside the U.S.
• 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.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, purchase protection, travel accident insurance, travel assistance, and fraud protection.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.

The Good

The Bad

Lower than average purchase APRs. Has an introductory APR rate on balance transfers of 3.99%. No balance transfer fee. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Identity Theft Protection. Travel accident and travel assistance insurance. Considers applicants with fair or poor credit. BayPort Credit Union Mastercard® Platinum Secured reports to multiple credit bureaus.

Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 1.10%. You don't earn rewards on every purchase.

Is there a BayPort Credit Union Mastercard® Platinum Secured cash back or rewards program?

No, BayPort Credit Union Mastercard® Platinum Secured does not offer a rewards program.

What are the BayPort Credit Union Mastercard® Platinum Secured benefits?

BayPort Credit Union Mastercard® Platinum Secured provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for BayPort Credit Union Mastercard® Platinum Secured?

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

BayPort Credit Union Mastercard® Platinum Secured has a variable purchase APR of 14.99%. The card has a variable balance transfer APR of 14.99% . It also has a variable cash advance APR of 14.99% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for BayPort Credit Union Mastercard® Platinum Secured?

The following fees apply to BayPort Credit Union Mastercard® Platinum Secured:

• There is no overlimit fee

BayPort Credit Union Mastercard® Platinum Secured Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	1.10%
Returned Payment Fee	up to $20.00
Late Payment Fee	up to $20.00

Does BayPort Credit Union Mastercard® Platinum Secured report your account activity to credit bureaus?

Yes, BayPort Credit Union Mastercard® Platinum Secured 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 BayPort Credit Union Mastercard® Platinum Secured

• Visit the BayPort Credit Union Mastercard® Platinum Secured 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.