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  Meritrust Credit Union Visa Share Secured

Meritrust Credit Union Visa Share Secured

in Personal Credit Cards from Meritrust Credit Union

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Meritrust Credit Union Visa Share Secured

Unaffiliated

in Personal Credit Cards from Meritrust Credit Union

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Highlights
Purchase APR  (Fixed APR) Starting at 14.92%
Balance Transfer APR  (Fixed APR) Starting at 14.92%
Credit Score Range 500 - 850
Annual Fee $0

Meritrust Credit Union Visa Share Secured Review

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

Key Takeaways
  • 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 good approval odds.
Meritrust Credit Union Visa Share Secured Pros & Cons
The Good The Bad
  • 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.
Meritrust Credit Union Visa Share Secured FAQ

Is there a Meritrust Credit Union Visa Share Secured cash back or rewards program?

No, Meritrust Credit Union Visa Share Secured 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 interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Meritrust Credit Union Visa Share Secured has lower than average purchase 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.

Does Meritrust Credit Union Visa Share Secured have an introductory APR offer on balance transfers?

No, Meritrust Credit Union Visa Share Secured does not come with an introductory APR offer for balance transfers.

Does Meritrust Credit Union Visa Share Secured have an introductory APR offer on new purchases?

Meritrust Credit Union Visa Share Secured does not offer an introductory rate on new purchases.

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

The following fees apply to Meritrust Credit Union Visa Share Secured:

  • 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

Does Meritrust Credit Union Visa Share Secured have a foreign transaction fee?

Meritrust Credit Union Visa Share Secured does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

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.

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.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 58:00pm - 21:00pm
  • Tuesday 58:00pm - 21:00pm
  • Wednesday 58:00pm - 21:00pm
  • Thursday 58:00pm - 21:00pm
  • Friday 58:00pm - 21:00pm
  • Saturday Closed

Other Services by Meritrust Credit Union

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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Foreign Currency Transaction Fee 0%
No Annual Fee
No Foreign Transaction Fee
Annual Fee $0
Minimum Interest Charge $0
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $8
Cash Advance Fee (%) Starting at 3%
Minimum Cash Advance Fee ($) $8 - $35
Over-Limit Fee $28
Returned Payment Fee Up to $28
Late Fee Amount Up to $28
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
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 500 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Rewards Type No Rewards
Cash Advance APR (Fixed APR) Starting at 14.92%
Balance Computation Average daily balance (including new purchases).
Credit Limit Starting at $500
Penalty APR (Fixed APR) 18%
Purchase APR (Fixed APR) Starting at 14.92%
Balance Transfer Fee % After Intro Period Starting at 0%
Balance Transfer APR (Fixed APR) Starting at 14.92%
Balance Transfer Fee % 0%
Card Type
  • Secured
Card Network Visa

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