Great Lakes Credit Union Visa Secured

Great Lakes Credit Union Visa Secured Review

This is a secured credit card credit card issued by Great Lakes Credit Union. If you're wondering whether Great Lakes Credit Union Visa Secured 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 28.24%
• 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. Great Lakes Credit Union Visa Secured 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 $10.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% 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 Great Lakes Credit Union Visa Secured

Great Lakes Credit Union Visa Secured FAQ

Does Great Lakes Credit Union Visa Secured have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Great Lakes Credit Union Visa Secured benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Extended Warranty Protection
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Great Lakes Credit Union Visa Secured?

Great Lakes Credit Union Visa Secured has a variable purchase APR of 28.24%. The card has a variable balance transfer APR of 28.24% . It also has a variable cash advance APR of 30.24% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for Great Lakes Credit Union Visa Secured?

The following fees apply:

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

Does Great Lakes Credit Union Visa Secured report your account activity to credit bureaus?

Yes, Great Lakes Credit Union Visa 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 Great Lakes Credit Union Visa Secured

• Visit the Great Lakes Credit Union Visa 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.