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  Marine Federal Credit Union VISA Credit Builder Secured

Marine Federal Credit Union VISA Credit Builder Secured

in Personal Credit Cards from Marine Federal Credit Union

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Marine Federal Credit Union VISA Credit Builder Secured

Unaffiliated

in Personal Credit Cards from Marine Federal Credit Union

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Highlights
Purchase APR  (Fixed APR) Starting at 16.25%
Balance Transfer APR  (Fixed APR) Starting at 16.25%
Credit Score Range 500 - 850
Annual Fee Starting at $29

Marine Federal Credit Union VISA Credit Builder Secured Review

Marine Federal Credit Union VISA Credit Builder Secured is a secured credit card credit 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. This is everything you need to know to make a good choice.

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 good approval odds.
Marine Federal Credit Union VISA Credit Builder Secured Pros & Cons
The Good The Bad
  • Considers applicants with fair or poor credit.
  • Marine Federal Credit Union VISA Credit Builder Secured reports to multiple credit bureaus.
  • Charges an annual fee of up to .
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 2.8%.
  • You don't earn rewards on every purchase.
  • Charges a 3% balance transfer fee.
  • Does not include many credit card benefits.
Marine Federal Credit Union VISA Credit Builder Secured FAQ

Is there a Marine Federal Credit Union VISA Credit Builder Secured cash back or rewards program?

No, Marine Federal Credit Union VISA Credit Builder Secured does not offer a rewards program.

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

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.

Does Marine Federal Credit Union VISA Credit Builder Secured have an introductory APR offer on balance transfers?

No, Marine Federal Credit Union VISA Credit Builder Secured does not come with an introductory APR offer for balance transfers.

Does Marine Federal Credit Union VISA Credit Builder Secured have an introductory APR offer on new purchases?

Marine Federal Credit Union VISA Credit Builder Secured does not offer an introductory rate on new purchases.

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

The following fees apply to Marine Federal Credit Union VISA Credit Builder Secured:

Marine Federal Credit Union VISA Credit Builder Secured Fees
Fees Amount
Annual Fee N/A
Foreign Transaction Fee 2.8%
Returned Payment Fee up to $25
Late Payment Fee $27 - $35

Does Marine Federal Credit Union VISA Credit Builder Secured have a foreign transaction fee?

Marine Federal Credit Union VISA Credit Builder Secured charges a foreign transaction fee of 2.8%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $56. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 6:00am - 2:00am
  • Tuesday 6:00am - 2:00am
  • Wednesday 6:00am - 2:00am
  • Thursday 6:00am - 2:00am
  • Friday 6:00am - 2:00am
  • Saturday Closed

About Marine Federal Credit Union VISA Credit Builder Secured

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View all personal credit cards offered by Marine Federal Credit Union

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Starting at 3%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 2.8%
Annual Fee Starting at $29
Returned Payment Fee Up to $25
Paper Statement Fee $5
Late Fee Amount $27 - $35
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 500 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Rewards Type No Rewards
Cash Advance APR (Fixed APR) Starting at 18.25%
Balance Computation Average daily balance (including new purchases)
Penalty APR (Fixed APR) 18%
Purchase APR (Fixed APR) Starting at 16.25%
Balance Transfer Fee % After Intro Period Starting at 3%
Balance Transfer APR (Fixed APR) Starting at 16.25%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 3%
Card Type
  • Secured
Card Network Visa

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