Members 1st Federal Credit Union VISA Platinum Secured

Members 1st Federal Credit Union VISA Platinum Secured Review

This is a secured credit card card issued by Members 1st Federal Credit Union. If you're wondering whether Members 1st Federal Credit Union VISA Platinum Secured is the right card for you, read on.

Key Takeaways

• High APRs. This is not a great card for people who carry a balance. It has a fixed purchase APR starting at 18.00%
• 1% Balance transfer fee. Members 1st Federal Credit Union VISA Platinum Secured charges a fee of 1% on balance transfers. For example, a balance of $1,000 could cost $10 in transfer fees.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• 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.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of Members 1st Federal Credit Union VISA Platinum Secured

The Good	The Bad
Considers applicants with fair credit. No foreign transaction fee. Members 1st Federal Credit Union VISA Platinum Secured reports to multiple credit bureaus.	Higher than average purchase APRs. Charges an annual fee of up to . Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase. Charges a 1% balance transfer fee. Does not include many credit card benefits.

Members 1st Federal Credit Union VISA Platinum Secured FAQ

Does Members 1st Federal Credit Union VISA Platinum Secured have a cash back or rewards program?

No, it does not offer a rewards program.

What are the relevant APRs for Members 1st Federal Credit Union VISA Platinum 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 higher than average regular APRs.

Members 1st Federal Credit Union VISA Platinum Secured has a fixed purchase APR starting at 18.00% . The card has a fixed balance transfer APR starting at 18.00% . It also has a fixed cash advance APR starting at 18.00% .

What are the fees for Members 1st Federal Credit Union VISA Platinum Secured?

The following fees apply:

• An overlimit fee of $15.

Members 1st Federal Credit Union VISA Platinum Secured Fees

Fees	Amount
Annual Fee	N/A
Overlimit Fee	$15
Foreign Transaction Fee	0%
Returned Payment Fee	up to $20
Late Payment Fee	$27 - $37

Does Members 1st Federal Credit Union VISA Platinum Secured report your account activity to credit bureaus?

Yes, Members 1st Federal Credit Union VISA Platinum 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 Members 1st Federal Credit Union VISA Platinum Secured

• Visit the Members 1st Federal Credit Union VISA Platinum 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.