Houston Federal Credit Union Visa® Prime Lock

Houston Federal Credit Union Visa® Prime Lock Review

This is a card issued by Houston Federal Credit Union. If you're wondering whether HFCU credit card is the right card for you, read on.

Key Takeaways

• Competitive APRs. Houston Federal Credit Union Visa® Prime Lock has a variable purchase APR of 8.00%
• $0 Balance transfer fee. This card does not charge a fee on balance transfers.
• 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.
• Multiple credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, identity theft protection, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of HFCU credit card

The Good	The Bad
Potentially lower than average purchase APRs. Has an introductory APR rate on balance transfers of 2.99%. No balance transfer fee. Multiple credit card perks. Offers Auto Rental Collision Damage Waiver. Identity Theft Protection. Houston Federal Credit Union Visa® Prime Lock reports to multiple credit bureaus.	You need good credit to qualify. Charges an annual fee of $50 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.

HFCU credit card FAQ

Does HFCU credit card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the HFCU credit card benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for HFCU credit 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 lower than average regular APRs.

Houston Federal Credit Union Visa® Prime Lock has a variable purchase APR of 8.00%. The card has a variable balance transfer APR of 8.00% . It also has a variable cash advance APR of 8.00% .

What are the fees for HFCU credit card?

The following fees apply:

• An overlimit fee of $15.

HFCU credit card Fees

Fees	Amount
Annual Fee	$50
Overlimit Fee	$15
Initial Program Fee	$
Foreign Transaction Fee	1%
Returned Payment Fee	Starting at $ up to $30
Late Payment Fee	Starting at up to $15

This card charges a $50 annual fee.

Does Houston Federal Credit Union Visa® Prime Lock report your account activity to credit bureaus?

Yes, Houston Federal Credit Union Visa® Prime Lock 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 HFCU credit card

• Visit the HFCU 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.