Marine Federal Credit Union VISA Credit Builder Secured

Marine Federal Credit Union VISA Credit Builder Secured Review

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

Key Takeaways

• 3% Balance transfer fee. Marine Federal Credit Union VISA Credit Builder 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 2.8% 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 Marine Federal Credit Union VISA Credit Builder Secured

Marine Federal Credit Union VISA Credit Builder Secured FAQ

Does Marine Federal Credit Union VISA Credit Builder Secured have a cash back or rewards program?

No, it does not offer a rewards program.

What are the relevant APRs for Marine Federal Credit Union VISA Credit Builder Secured?

Marine Federal Credit Union VISA Credit Builder Secured has a fixed purchase APR starting at 16.25% . The card has a fixed balance transfer APR starting at 16.25% . It also has a fixed cash advance APR starting at 18.25% . 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 Marine Federal Credit Union VISA Credit Builder Secured?

The following fees apply:

Does Marine Federal Credit Union VISA Credit Builder Secured report your account activity to credit bureaus?

Yes, Marine Federal Credit Union VISA Credit Builder 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 Marine Federal Credit Union VISA Credit Builder Secured

• Visit the Marine Federal Credit Union VISA Credit Builder 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.