Cobalt Credit Union Secured Card
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| Purchase APR (Variable APR) |
26.99% (Verified 10/28/2022) |
| Balance Transfer APR (Variable APR) |
26.99% (Verified 10/28/2022) |
| Credit Score Range | 650 - 850 |
| Annual Fee | $0 |
Cobalt Credit Union Secured Card Review
This is a secured credit card credit card issued by Cobalt Credit Union. If you're wondering whether Cobalt Credit Union 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 26.99%
- 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.
- 3% Balance transfer fee. Cobalt Credit Union Secured Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% 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.
- Fair or better credit required. You will have good approval odds if your credit score is above 650.
Pros & Cons of Cobalt Credit Union Secured Card
| The Good | The Bad |
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Cobalt Credit Union Secured Card FAQ
Does Cobalt Credit Union Secured Card have a cash back or rewards program?
No, it does not offer a rewards program.
What are the relevant APRs for Cobalt Credit Union 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.Cobalt Credit Union Secured Card has a variable purchase APR of 26.99%. The card has a variable balance transfer APR of 26.99% . It also has a variable cash advance APR of 28.99% .
Does Cobalt Credit Union Secured Card have an intro APR offer on balance transfers?
No, it does not come with an intro APR offer for balance transfers.Does Cobalt Credit Union Secured Card have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for Cobalt Credit Union Secured Card?
The following fees apply:
- There is no overlimit fee
| Fees | Amount |
|---|---|
| Annual Fee | $0 |
| Overlimit Fee | $0 |
| Foreign Transaction Fee | 2% |
| Returned Payment Fee | up to $41 |
| Late Payment Fee | up to $41 |
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.
Does Cobalt Credit Union Secured Card have a foreign transaction fee?
Cobalt Credit Union Secured Card charges a foreign transaction fee of 2%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $40. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.What is the customer service phone number for Cobalt Credit Union Secured Card?
The Cobalt Credit Union Secured Card customer service number is (800) 228-0392.
What is the support contact email for Cobalt Credit Union Secured Card?
The support contact email for Cobalt Credit Union Secured Card is contactcenter@cobaltcu.com.
What is the Cobalt Credit Union Secured Card login page?
You can access the Cobalt Credit Union Secured Card login page here.
How do people rate the customer service and user experience of Cobalt Credit Union Secured Card?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does Cobalt Credit Union Secured Card report your account activity to credit bureaus?
Yes, Cobalt Credit Union 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 may help improve your credit.
How to apply for Cobalt Credit Union Secured Card
- Visit the Cobalt Credit Union 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.
Contact
- Headquarters
-
7148 Towne Center Parkway
Papillion, NE 68046 USA - (800) 228-0392
- Visit Site
- Email Support
Other Services by Cobalt Credit Union
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| Cash Advance Fee Minimum | $10 |
| Cash Advance Fee (%) | 5% |
| Minimum Cash Advance Fee ($) | $10 |
| Foreign Currency Transaction Fee | 2% |
| No Annual Fee | |
| Annual Fee | $0 |
| Minimum Interest Charge | $1 |
| Over-Limit Fee | $0 |
| No Interest Grace Period for Late Payment | 24 days |
| Returned Payment Fee | Up to $41 |
| Late Fee Amount | Up to $41 |
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