Meritrust Credit Union Visa Share Secured Review

This is a secured credit card credit card issued by Meritrust Credit Union. If you're wondering whether Meritrust Credit Union Visa Share Secured 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.

• 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.
• 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.
• 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.

The Good	The Bad
Potentially lower than average purchase APRs. No annual fee. Considers applicants with fair or poor credit. No foreign transaction fee. Meritrust Credit Union Visa Share Secured reports to multiple credit bureaus.	Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase. Does not include many credit card benefits.

Does Meritrust Credit Union Visa Share Secured have a cash back or rewards program?

No, it does not offer a rewards program.

What are the relevant APRs for Meritrust Credit Union Visa Share 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.

Meritrust Credit Union Visa Share Secured has a fixed purchase APR starting at 14.92% . The card has a fixed balance transfer APR starting at 14.92% . It also has a fixed cash advance APR starting at 14.92% . Note that late payments are subject to an APR of 18% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Meritrust Credit Union Visa Share Secured?

The following fees apply:

• An overlimit fee of $28.

Meritrust Credit Union Visa Share Secured Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$28
Foreign Transaction Fee	0%
Returned Payment Fee	up to $28
Late Payment Fee	up to $28

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

Does Meritrust Credit Union Visa Share Secured report your account activity to credit bureaus?

Yes, Meritrust Credit Union Visa Share 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 Meritrust Credit Union Visa Share Secured

• Visit the Meritrust Credit Union Visa Share 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.