Provident Credit Union Share Secured Visa Credit Card

Provident Credit Union Share Secured Visa Credit Card Review

This is a secured credit card card issued by Provident Credit Union. If you're wondering whether Provident Credit Union Share Secured Visa Credit Card is the right card for you, read on.

Key Takeaways

• Competitive APRs. Provident Credit Union Share Secured Visa Credit Card has a fixed purchase APR of 10.65%
• 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.
• 2% Balance transfer fee. Provident Credit Union Share Secured Visa Credit Card charges a fee of 2% on balance transfers. For example, a balance of $1,000 could cost $20 in transfer fees. The minimum fee is $10.
• 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.

Pros & Cons of Provident Credit Union Share Secured Visa Credit Card

The Good	The Bad
Potentially lower than average purchase APRs. Has an introductory APR rate on balance transfers of 10.65%. No annual fee. Considers applicants with fair credit. No foreign transaction fee. Provident Credit Union Share Secured Visa Credit Card 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. Charges a 2% balance transfer fee. Does not include many credit card benefits.

Provident Credit Union Share Secured Visa Credit Card FAQ

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

No, it does not offer a rewards program.

What are the Provident Credit Union Share Secured Visa Credit Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Provident Credit Union Share Secured Visa Credit Card?

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.

Provident Credit Union Share Secured Visa Credit Card has a fixed purchase APR of 10.65%. The card has a fixed balance transfer APR of 12.65% . It also has a fixed cash advance APR of 12.65% . 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 Provident Credit Union Share Secured Visa Credit Card?

The following fees apply:

• An overlimit fee of $15.

Provident Credit Union Share Secured Visa Credit Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$15
Foreign Transaction Fee	0%
Returned Payment Fee	up to $35
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 Provident Credit Union Share Secured Visa Credit Card report your account activity to credit bureaus?

Yes, Provident Credit Union Share Secured Visa Credit Card 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 Provident Credit Union Share Secured Visa Credit Card

• Visit the Provident Credit Union Share Secured Visa Credit Card 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.