Founders FCU Platinum Secured Visa Credit Card

Founders FCU Platinum Secured Visa Credit Card Review

This is a secured credit card card issued by Founders Federal Credit Union. If you're wondering whether Founders FCU Platinum Secured Visa Credit 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 fixed purchase APR of 17.9%
• 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.
• 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.
• 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 Founders FCU Platinum Secured Visa Credit Card

Founders FCU Platinum Secured Visa Credit Card FAQ

Does Founders FCU Platinum Secured Visa Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Founders FCU Platinum Secured Visa Credit Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Founders FCU Platinum Secured Visa Credit Card?

Founders FCU Platinum Secured Visa Credit Card has a fixed purchase APR of 17.9%. The card has a fixed balance transfer APR of 17.9% . It also has a fixed cash advance APR of 17.9% . Note that late payments are subject to an APR of 17.9% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Founders FCU Platinum Secured Visa Credit Card?

The following fees apply:

• There is no overlimit fee

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

Does Founders FCU Platinum Secured Visa Credit Card report your account activity to credit bureaus?

Yes, Founders FCU Platinum Secured Visa 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 Founders FCU Platinum Secured Visa Credit Card

• Visit the Founders FCU Platinum Secured Visa 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.