BECU Secured Credit Card

BECU Secured Credit Card Review

This is a secured credit card card issued by Boeing Employees Credit Union (BECU). If you're wondering whether BECU Secured Credit Card is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Competitive APRs. BECU Secured Credit Card has a variable purchase APR that ranges from 11.74% up to 23.74%.
• 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, if you transfer the balance within 0 day of opening the account. After the introductory period, the fee is 0%.
• 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.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have relatively good approval odds.

Pros & Cons of BECU Secured Credit Card

The Good

The Bad

Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. No balance transfer fee, if you transfer the balance within 0 day. After the intro period, the fee is 0% with a minimum of $0. 0% APR on new purchases during the first 12 months. There is then a variable purchase APR that ranges from 11.74% up to 23.74%. No annual fee. Identity Theft Protection. Considers applicants with fair credit. No foreign transaction fee. BECU Secured Credit Card reports to multiple credit bureaus.

Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase. Does not include many credit card benefits.

BECU Secured Credit Card FAQ

Does BECU Secured Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the BECU Secured Credit Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for BECU Secured Credit 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 lower than average regular APRs.

BECU Secured Credit Card has a variable purchase APR that ranges from 11.74% up to 23.74%. The card has a variable balance transfer APR that ranges from 11.74% up to 23.74%. It also has a variable cash advance APR that ranges from 11.74% up to 23.74%.

What are the fees for BECU Secured Credit Card?

The following fees apply:

BECU Secured Credit Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $25
Late Payment Fee	up to $25

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

Does BECU Secured Credit Card report your account activity to credit bureaus?

Yes, BECU 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 BECU Secured Credit Card

• Visit the BECU 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.