Generations FCU Visa Platinum Share Secured Review

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

• Competitive APRs. Generations FCU Visa Platinum Share Secured has a variable purchase APR of 11%
• 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 good approval odds.

The Good	The Bad
Lower than average purchase APRs. No annual fee. Considers applicants with fair or poor credit. Generations FCU Visa Platinum Share 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%. You don't earn rewards on every purchase. Does not include many credit card benefits.

Is there a Generations FCU Visa Platinum Share Secured cash back or rewards program?

No, Generations FCU Visa Platinum Share Secured does not offer a rewards program.

What are the Generations FCU Visa Platinum Share Secured benefits?

Generations FCU Visa Platinum Share Secured provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Generations FCU Visa Platinum Share 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. Generations FCU Visa Platinum Share Secured has lower than average purchase APRs.

Generations FCU Visa Platinum Share Secured has a variable purchase APR of 11%. The card has a variable balance transfer APR of 11% . It also has a variable cash advance APR of 11% . Note that late payments are subject to an APR of 18% 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 Generations FCU Visa Platinum Share Secured?

The following fees apply to Generations FCU Visa Platinum Share Secured:

• There is no overlimit fee

Generations FCU Visa Platinum Share Secured Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	1%
Returned Payment Fee	up to $28
Late Payment Fee	up to $28

Does Generations FCU Visa Platinum Share Secured report your account activity to credit bureaus?

Yes, Generations FCU Visa Platinum Share 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 Generations FCU Visa Platinum Share Secured

• Visit the Generations FCU Visa Platinum Share 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.