Mayo Employees Federal Credit Union Visa Secured
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| Purchase APR (Variable APR) | Starting at 11.25 |
| Balance Transfer APR (Variable APR) | Starting at 11.25 |
| Credit Score Range | 500 - 850 |
| Annual Fee | $0 |
Mayo Employees Federal Credit Union Visa Secured Review
This is a secured credit card card issued by Mayo Employees Federal Credit Union. If you're wondering whether Mayo Employees Federal Credit Union Visa Secured is the right card for you, read on.
Key Takeaways
- 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.
- 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.
- 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 Mayo Employees Federal Credit Union Visa Secured
| The Good | The Bad |
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Mayo Employees Federal Credit Union Visa Secured FAQ
Does Mayo Employees Federal Credit Union Visa Secured have a cash back or rewards program?
No, it does not offer a rewards program.
What are the Mayo Employees Federal Credit Union Visa Secured benefits?
It provides the following benefits:
- Zero fraud liability
- Reports to major credit bureaus
What are the relevant APRs for Mayo Employees Federal Credit Union Visa Secured?
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.Mayo Employees Federal Credit Union Visa Secured has a variable purchase APR starting at 11.25% . The card has a variable balance transfer APR starting at 11.25% . It also has a variable cash advance APR starting at 11.25% .
Does Mayo Employees Federal Credit Union Visa Secured have an intro APR offer on balance transfers?
No, it does not come with an intro APR offer for balance transfers.Does Mayo Employees Federal Credit Union Visa Secured have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for Mayo Employees Federal Credit Union Visa Secured?
The following fees apply:
- There is no overlimit fee
| Fees | Amount |
|---|---|
| Annual Fee | $0 |
| Overlimit Fee | $0 |
| Foreign Transaction Fee | 1% |
| Returned Payment Fee | up to $25 |
| Late Payment Fee | up to $25 |
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.
Does Mayo Employees Federal Credit Union Visa Secured have a foreign transaction fee?
Mayo Employees Federal Credit Union Visa Secured charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.What is the customer service phone number for Mayo Employees Federal Credit Union Visa Secured?
The Mayo Employees Federal Credit Union Visa Secured customer service number is (800) 535-2129.
What is the support contact email for Mayo Employees Federal Credit Union Visa Secured?
The support contact email for Mayo Employees Federal Credit Union Visa Secured is mecu@mayo.edu.
What is the Mayo Employees Federal Credit Union Visa Secured login page?
You can access the Mayo Employees Federal Credit Union Visa Secured login page here.
How do people rate the customer service and user experience of Mayo Employees Federal Credit Union Visa Secured?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does Mayo Employees Federal Credit Union Visa Secured report your account activity to credit bureaus?
Yes, Mayo Employees Federal 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 Mayo Employees Federal Credit Union Visa Secured
- Visit the Mayo Employees Federal 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.
Contact
- Headquarters
-
130 23rd Avenue SW Rochester,
MN 55902-0994
Rochester, MN 55902 USA - (800) 535-2129
- Visit Site
- Email Support
About Mayo Employees Federal Credit Union Visa Secured
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Cash Advance Fee Minimum | 0 |
| Cash Advance Fee (%) | Starting at 0 |
| Minimum Cash Advance Fee ($) | Starting at 0 |
| Foreign Currency Transaction Fee | 1 |
| No Annual Fee | |
| Annual Fee | $0 |
| Over-Limit Fee | 0 |
| No Interest Grace Period for Late Payment | 25 days |
| Returned Payment Fee | Up to 25 |
| Paper Statement Fee | 5 |
| Late Fee Amount | Up to 25 |
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