Kinecta Federal Credit Union MyPower

Kinecta Federal Credit Union MyPower Review

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

Key Takeaways

• Competitive APRs. Kinecta Federal Credit Union MyPower has a variable purchase APR that ranges from 12.24% up to 18%.
• 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.
• $0 Balance transfer fee. This card does not charge a fee on balance transfers. After the introductory period, the fee is 0%.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• 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 Kinecta Federal Credit Union MyPower

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. No annual fee. Identity Theft Protection. Considers applicants with fair credit. No foreign transaction fee. Kinecta Federal Credit Union MyPower reports to multiple credit bureaus.	Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase.

Kinecta Federal Credit Union MyPower FAQ

Does Kinecta Federal Credit Union MyPower have a cash back or rewards program?

No, it does not offer a rewards program. This card features rewards for purchases in the following categories:

• Software, Hardware, Cloud

What are the Kinecta Federal Credit Union MyPower benefits?

It provides the following benefits:

• Emergency Support
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Kinecta Federal Credit Union MyPower?

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.

Kinecta Federal Credit Union MyPower has a variable purchase APR that ranges from 12.24% up to 18%. The card has a variable balance transfer APR that ranges from 12.24% up to 18%. It also has a variable cash advance APR that ranges from 14.24% up to 18%.

What are the fees for Kinecta Federal Credit Union MyPower?

The following fees apply:

Kinecta Federal Credit Union MyPower Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$0
Late Payment Fee	$0

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

Does Kinecta Federal Credit Union MyPower report your account activity to credit bureaus?

Yes, Kinecta Federal Credit Union MyPower 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 Kinecta Federal Credit Union MyPower

• Visit the Kinecta Federal Credit Union MyPower 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.