Members 1st Credit Union Share Secured Visa Review

Members 1st Credit Union Share Secured Visa 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 is everything you need to know to make a good choice.

• 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 qualify.

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.

Is there a Members 1st Credit Union Share Secured Visa cash back or rewards program?

No, Members 1st Credit Union Share Secured Visa does not offer a rewards program.

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

Members 1st Credit Union Share Secured Visa 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 interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Members 1st Credit Union Share Secured Visa has higher than average purchase APRs.

Members 1st Credit Union Share Secured Visa 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.

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

The following fees apply to Members 1st Credit Union Share Secured Visa:

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

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.