Enjoy Shopping with a VISA® Platinum Secured Credit Card from TruService.

Being able to use a credit card during emergencies can be a lifesaver. However, getting a credit card can be difficult if you have a few hiccups in your credit history. Thankfully, TruService offers you a solution: the VISA® Platinum Secured credit card. Apply with our secure online application today!

What is a Secured Card?

A secured card is different than unsecured cards. Having an unsecured card means you don't have to put up assets for collateral. A secured credit card requires a deposit, and that deposit amount determines your limit. For example, if you secure funds of $500, the limit would be $500.

This deposit allows financial institutions to lend without fear of losing money, which allows them to offer credit lines to customers who otherwise wouldn't qualify.

What's the Difference Between Secured and Regular Credit Cards?

When it comes to using them, regular and secured credit cards are very similar. You can make purchases up to the cards limit, which will create a balance on the card. You're then charged interest based on the Annual Percentage Rate (APR) and current balance, and are required to make a minimum payment every month.

However, there are a few differences:

Fees: Secured cards typically have fees that traditional cards don't.
Interest Rates: Secured cards tend to have lower interest rates than unsecured. At TruService Community Federal Credit Union, our secured rate is 17% APR, which is among the lowest rates nationally.
Limits: The limits of secured cards are usually lower than traditional cards.

The Benefits of a Secured Credit Card.

The best benefit of a secured credit card is that you have the opportunity to improve your credit. By making on-time payments you will begin building a great credit history, and the low interest of a secured card makes it easier to pay down the principal.

Additionally, TruService may allow you to transition from a secured to an unsecured card if you qualify. Generally, you can request a review after making 12 to 24 monthly payments with no late payments.

If you do default on payments, you don't have to worry about harassment from debt collectors. Since TruService holds your deposit, we will use those funds to pay any remaining balance.

Where Can You Apply?

TruService Community Federal Credit Union is proud to offer the Visa® Platinum Secured to help our members take advantage of financial opportunities. To find out more or to submit an application, give us a call at 8002602299 or contact us online.

APPLY HERE

Benefits of a TruService VISA® PLATINUM SECURED CREDIT CARD:

No minimum credit score or income required.
Build/Establish credit history
Make purchases anywhere VISA® cards are accepted
VISA® payments are made directly to TruService
Transactions, balances, and payment history are available on NetBranch & Mobile app 24/7
Extra Awards® points program, every qualifying purchase gets you closer to awards such as cash, gift certificates, rebates and excellent travel options.
Obtain cash advances with same low rate
Consumer-friendly 25-day grace period on purchases

Terms:

Interest Rate: 10.99% APR*
Over-limit fee: up to $25.00
Late Fee: up to $25.00