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  Members 1st Credit Union Share Secured Visa

Members 1st Credit Union Share Secured Visa

in Personal Credit Cards from Members 1st Credit Union

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Members 1st Credit Union Share Secured Visa

Unaffiliated

in Personal Credit Cards from Members 1st Credit Union

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Highlights
Purchase APR  (Fixed APR) 18.99%
Balance Transfer APR  (Fixed APR) 18.99%
Credit Score Range 350 - 600
Annual Fee $0

Members 1st Credit Union Share Secured Visa Review

This is a credit card issued by Members 1st Credit Union. If you're wondering whether Members 1st Credit Union Share Secured Visa is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • High APRs. This is not a great card for people who carry a balance. It has a fixed purchase APR of 18.99%
  • 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 2.50%.
  • 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 rental insurance, identity theft protection, purchase protection, trip cancellation insurance, and fraud protection.
  • 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.
Pros & Cons of Members 1st Credit Union Share Secured Visa
The Good The Bad
  • Has an introductory APR rate on balance transfers of 4.99%.
  • No balance transfer fee.
  • No annual fee.
  • Multiple credit card perks.
  • Offers auto rental collision damage waiver.
  • Identity Theft Protection.
  • Trip cancellation insurance.
  • Considers applicants with fair or poor credit.
  • Members 1st Credit Union Share Secured Visa reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • 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.
Members 1st Credit Union Share Secured Visa FAQ

Does Members 1st Credit Union Share Secured Visa have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Members 1st Credit Union Share Secured Visa benefits?

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Trip Cancellation Insurance
  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for Members 1st Credit Union Share Secured Visa?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has higher than average regular APRs.

It has a fixed purchase APR of 18.99%. The card has a fixed balance transfer APR of 18.99% . It also has a fixed cash advance APR of 18.99% .

The good news is this card does not charge a penalty APR if you are late on a payment.

Does Members 1st Credit Union Share Secured Visa have an intro APR offer on balance transfers?

Yes, it offers an intro APR rate on balance transfers of 4.99% for a period of up to 12 months.

Members 1st Credit Union Share Secured Visa Balance Transfers
Description
Balance Transfer Fee % After Intro Period 2.50%
Balance Transfer Introductory APR 4.99%
Balance Transfer Intro APR Period 12 months
Balance Transfer APR 18.99%
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 0%

Does Members 1st Credit Union Share Secured Visa 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 Members 1st Credit Union Share Secured Visa?

The following fees apply:

Members 1st Credit Union Share Secured Visa Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Returned Payment Fee up to $26
Late Payment Fee up to $15

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

Does Members 1st Credit Union Share Secured Visa have a foreign transaction fee?

Members 1st Credit Union Share Secured Visa 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.

Does Members 1st Credit Union Share Secured Visa report your account activity to credit bureaus?

Yes, Members 1st Credit Union Share Secured Visa 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 Members 1st Credit Union Share Secured Visa

  • Visit the Members 1st Credit Union Share Secured Visa 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.

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

No Annual Fee
Annual Fee $0
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $5
Cash Advance Fee (%) 3%
Minimum Cash Advance Fee ($) Starting at $5
Foreign Currency Transaction Fee 1%
Returned Payment Fee Up to $26
Late Fee Amount Up to $15
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
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 350 - 600
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Fraud Liability
  • Identity Theft Protection
  • Purchase Protection
  • Trip Cancellation Insurance
Rewards Type No Rewards
Cash Advance APR (Fixed APR) 18.99%
Balance Computation Average daily balance (including new purchases).
Credit Limit Up to $15,000
Penalty APR (Fixed APR) 0%
Purchase APR (Fixed APR) 18.99%
Balance Transfer Fee % After Intro Period 2.50%
Balance Transfer Introductory APR (Fixed APR) 4.99%
Balance Transfer Intro APR Period (Fixed APR) 12 months
Balance Transfer APR (Fixed APR) 18.99%
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 0%

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