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  Members First Credit Union Share Secured VISA

Members First Credit Union Share Secured VISA

in Personal Credit Cards from Members First Credit Union

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Members First Credit Union Share Secured VISA

Unaffiliated

in Personal Credit Cards from Members First Credit Union

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Highlights
Purchase APR  (Variable APR) 7.75%
Balance Transfer APR  (Variable APR) 7.75%
Credit Score Range 350 - 600
Annual Fee N/A

Members First Credit Union Share Secured VISA Review

Members First Credit Union Share Secured VISA is a secured credit card credit card issued by Members First Credit Union. If you're wondering whether Members First 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.

Key Takeaways
  • Competitive APRs. Members First Credit Union Share Secured VISA has a variable purchase APR of 7.75%
  • 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.
  • Accepts cosigners. Members First Credit Union is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
  • 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 qualify.
Members First Credit Union Share Secured VISA Pros & Cons
The Good The Bad
  • Lower than average purchase APRs.
  • Considers applicants with fair or poor credit.
  • Members First Credit Union Share Secured VISA reports to multiple credit bureaus.
  • 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.
  • Does not include many credit card benefits.
Members First Credit Union Share Secured VISA FAQ

Is there a Members First Credit Union Share Secured VISA cash back or rewards program?

No, Members First Credit Union Share Secured VISA does not offer a rewards program.

What are the Members First Credit Union Share Secured VISA benefits?

Members First Credit Union Share Secured VISA provides the following benefits:

  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for Members First 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 First Credit Union Share Secured VISA has lower than average purchase APRs.

Members First Credit Union Share Secured VISA has a variable purchase APR of 7.75%. The card has a variable balance transfer APR of 7.75% . It also has a variable cash advance APR of 7.75% .

Does Members First Credit Union Share Secured VISA have an introductory APR offer on balance transfers?

No, Members First Credit Union Share Secured VISA does not come with an introductory APR offer for balance transfers.

Does Members First Credit Union Share Secured VISA have an introductory APR offer on new purchases?

Members First Credit Union Share Secured VISA does not offer an introductory rate on new purchases.
Members First Credit Union Share Secured VISA Purchase Intro Offer
Description
Introductory Rate N/A
Purchase Intro APR Period (months) N/A

What are the fees for Members First Credit Union Share Secured VISA?

The following fees apply to Members First Credit Union Share Secured VISA:

Members First Credit Union Share Secured VISA Fees
Fees Amount
Annual Fee
Foreign Transaction Fee 1%
Returned Payment Fee up to $25
Late Payment Fee up to $25

Does Members First Credit Union Share Secured VISA have a foreign transaction fee?

Members First 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 a foreign transaction fee.

Does Members First Credit Union Share Secured VISA report your account activity to credit bureaus?

Yes, Members First 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 First Credit Union Share Secured VISA

  • Visit the Members First 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 2 states
  • California
  • Michigan

Feature Breakdown

No Interest Grace Period for Late Payment 21 days
Foreign Currency Transaction Fee 1%
Returned Payment Fee Up to $25
Late Fee Amount Up to $25
Customer Type Personal
Minimum Age 18
Co-signing Allowed  
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
  • Fraud Liability
  • Identity Theft Protection
Rewards Type No Rewards
Cash Advance APR (Variable APR) 7.75%
Balance Computation Average daily balance (including new purchases).
Purchase APR (Variable APR) 7.75%
Balance Transfer APR (Variable APR) 7.75%
Card Type Secured
Card Network Visa

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