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  Michigan First Credit Union Secured Visa

Michigan First Credit Union Secured Visa

in Personal Credit Cards from Michigan First Credit Union

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Michigan First Credit Union Secured Visa

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in Personal Credit Cards from Michigan First Credit Union

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Highlights
Purchase APR  (Variable APR) Starting at 19.99%
Balance Transfer APR  (Variable APR) Starting at 19.99%
Credit Score Range 500 - 850
Annual Fee Starting at $50

Michigan First Credit Union Secured Visa Review

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

Key Takeaways
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR starting at 19.99%
  • 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.
  • 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.
Pros & Cons of Michigan First Credit Union Secured Visa
The Good The Bad
  • Travel accident insurance.
  • Considers applicants with fair or poor credit.
  • Michigan First Credit Union Secured Visa 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.
  • Charges a foreign transaction fee of 1%.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.
Michigan First Credit Union Secured Visa FAQ

Does Michigan First Credit Union Secured Visa have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Michigan First Credit Union Secured Visa benefits?

It provides the following benefits:

  • Travel Accident Insurance
  • Reports to major credit bureaus

What are the relevant APRs for Michigan First Credit Union Secured Visa?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has higher than average regular APRs.

It has a variable purchase APR starting at 19.99% . The card has a variable balance transfer APR starting at 19.99% . It also has a variable cash advance APR starting at 19.99% .

Does Michigan First Credit Union Secured Visa have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does Michigan First Credit Union Secured Visa have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

What are the fees for Michigan First Credit Union Secured Visa?

The following fees apply:

Michigan First Credit Union Secured Visa Fees
Fees Amount
Annual Fee N/A
Foreign Transaction Fee 1%
Returned Payment Fee up to $25
Late Payment Fee up to $25

Does Michigan First Credit Union Secured Visa have a foreign transaction fee?

Michigan First Credit Union 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 foreign transaction fees.

What is the customer service phone number for Michigan First Credit Union Secured Visa?

The Michigan First Credit Union Secured Visa customer service number is (800) 644-3828.

What is the support contact email for Michigan First Credit Union Secured Visa?

The support contact email for Michigan First Credit Union Secured Visa is help@michiganfirst.com.

Does Michigan First Credit Union Secured Visa report your account activity to credit bureaus?

Yes, Michigan First Credit Union 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 Michigan First Credit Union Secured Visa

  • Visit the Michigan First Credit Union 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.

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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Starting at 3%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 1%
Annual Fee Starting at $50
Returned Payment Fee Up to $25
Late Fee Amount Up to $25
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
Credit Card Benefits
  • Travel Accident Insurance
Rewards Type No Rewards
Cash Advance APR (Variable APR) Starting at 19.99%
Balance Computation Average daily balance
Purchase APR (Variable APR) Starting at 19.99%
Balance Transfer APR (Variable APR) Starting at 19.99%
Card Type
  • Secured
Card Network Visa

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