A Secured VISA is designed to help members establish a good credit history, or to rebuild credit. Our card offers benefits you expect from VISA and a low rate to save you money!
- Your card is secured by a deposit (ex: $550) to a Special Share Account and your credit limit is equal to the amount you deposit less 10% (ex: $500)
- As payments are made regularly under the terms and conditions of the account, positive credit history is being created.
- After a period of positive activity, an application can be made to change the account to an unsecured Service 1 FCU VISA and, if approved, the original deposit is released.
Visit any Service 1 FCU location today to learn more about how you CAN start building or repairing your credit.