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  Education Credit Union Visa Platinum Shared Secured

Education Credit Union Visa Platinum Shared Secured

in Personal Credit Cards from Education Credit Union

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Education Credit Union Visa Platinum Shared Secured

Unaffiliated

in Personal Credit Cards from Education Credit Union

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Highlights
Purchase APR  (Variable APR) Starting at 10.95
Balance Transfer APR  (Variable APR) Starting at 10.95
Credit Score Range 600 - 699
Annual Fee Up to 7.50

Education Credit Union Visa Platinum Shared Secured Review

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

Key Takeaways
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% 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, access to a concierge, emergency support, extended warranty protection on purchases, identity theft protection, purchase protection, travel accident insurance, travel assistance, and fraud protection.
  • Fair or better credit required. You will have good approval oods if your credit score is above600.
Education Credit Union Visa Platinum Shared Secured Pros & Cons
The Good The Bad
  • Lower than average purchase APRs.
  • Multiple credit card perks.
  • Offers auto rental collision damage waiver.
  • Access to a concierge.
  • Extended warranty on purchases.
  • Identity Theft Protection.
  • Travel accident and travel assistance insurance.
  • Considers applicants with fair or poor credit.
  • Education Credit Union Visa Platinum Shared 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%.
Education Credit Union Visa Platinum Shared Secured FAQ

Is there a Education Credit Union Visa Platinum Shared Secured cash back or rewards program?

No, Education Credit Union Visa Platinum Shared Secured does not offer a rewards program.

What are the Education Credit Union Visa Platinum Shared Secured benefits?

Education Credit Union Visa Platinum Shared 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 Education Credit Union Visa Platinum Shared 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. Education Credit Union Visa Platinum Shared Secured has lower than average purchase APRs.

Education Credit Union Visa Platinum Shared Secured has a variable purchase APR starting at 10.95% . The card has a variable balance transfer APR starting at 10.95% . It also has a variable cash advance APR starting at 10.95% . Note that late payments are subject to an APR of 17.75% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does Education Credit Union Visa Platinum Shared Secured have an introductory APR offer on balance transfers?

No, Education Credit Union Visa Platinum Shared Secured does not come with an introductory APR offer for balance transfers.

Does Education Credit Union Visa Platinum Shared Secured have an introductory APR offer on new purchases?

Education Credit Union Visa Platinum Shared Secured does not offer an introductory rate on new purchases.

What are the fees for Education Credit Union Visa Platinum Shared Secured?

The following fees apply to Education Credit Union Visa Platinum Shared Secured:

Education Credit Union Visa Platinum Shared Secured Fees
Fees Amount
Annual Fee
Foreign Transaction Fee 1%
Late Payment Fee up to $25

Does Education Credit Union Visa Platinum Shared Secured have a foreign transaction fee?

Education Credit Union Visa Platinum Shared Secured charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

Does Education Credit Union Visa Platinum Shared Secured report your account activity to credit bureaus?

Yes, Education Credit Union Visa Platinum Shared 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 Education Credit Union Visa Platinum Shared Secured

  • Visit the Education Credit Union Visa Platinum Shared 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.

View Education Credit Union Visa Platinum Shared Secured's published terms & conditions.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:30pm
  • Tuesday 9:00am - 5:30pm
  • Wednesday 10:00am - 5:30pm
  • Thursday 9:00am - 5:30pm
  • Friday 9:00am - 5:30pm
  • Saturday Closed

About Education Credit Union Visa Platinum Shared Secured

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View all personal credit cards offered by Education Credit Union

Availability

  Available in 1 state
Texas
Availabile in all of Texas

Feature Breakdown

No Interest Grace Period for Late Payment 25 days
Cash Advance Fee (%) Starting at 2
Minimum Cash Advance Fee ($) Starting at 5
Foreign Currency Transaction Fee 1
Annual Fee Up to 7.50
Returned Payment Fee Starting at 24
Paper Statement Fee 2.00
Additional Card Fee Amount 7.50
Late Fee Amount Up to 25
Customer Type Personal
Minimum Age 18
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 600 - 699
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Purchase Protection
  • Emergency Support
  • Fraud Liability
  • Travel Accident Insurance
  • Travel Assistance
  • Concierge
Rewards Categories
  • Travel
  • Car Rentals
  • Insurance
  • Every Purchase
Cash Advance APR (Variable APR) Starting at 10.95
Balance Computation We use a method called "average daily balance (including new purchases)
Penalty APR (Variable APR) 17.75
Purchase APR (Variable APR) Starting at 10.95
Balance Transfer APR (Variable APR) Starting at 10.95
Card Type
  • Secured
Card Network Visa

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