Latino Credit Union Visa Secured Card
- Annual fee
- None
- Recommended credit
- Poor / No Credit Required
- Card network
- Visa
- Regular purchase APR
- 13.00% to 18.00% variable based on the Prime Rate
At a glance
The Latino Credit Union Visa Secured Card is an excellent option for those who are new to the United States, new to banking, or new to credit, who want to grow their credit score with financial responsibility. The card, offered by North Carolina credit union, Latino Credit Union, is available to anyone across the U.S., provided they join the credit union and pay the $10 education fee.
Our review of the Latino Credit Union Visa Secured Card
If you’re looking for a straightforward secured credit card, the Latino Credit Union Visa Secured Card is worth considering. This card, offered by North Carolina lender Latino Credit Union, is designed for individuals with little-to-no credit history. The card is secured with a security deposit, which serves as collateral and determines the line of credit.
Benefits of Secured Cards
Secured credit cards are a great option for those new to credit or looking to improve a poor credit score. The Latino CU Visa Secured Card can help you establish a positive credit history with on-time payments and good financial habits. With a minimum deposit of $500 (up to $15,000), cardholders can enjoy a lower APR compared to the unsecured Latino CU Visa Card.
Tips for Building Credit
Building credit doesn’t have to be overwhelming. Here are some tips to boost your credit score:
- Make on-time payments
- Keep credit utilization below 30% (preferably below 10%)
- Pay your balance in full each month
Why Choose the Latino CU Visa Secured Card
Unlike many secured cards, the Latino CU Visa Secured Card has no annual fee, over-the-limit fee, cash advance fee, or balance transfer fees. There’s also no penalty APR. This card is a solid choice for individuals looking to establish or rebuild credit.
Should You Apply?
The Latino CU Visa Secured Card is ideal for those new to U.S. banking, with limited credit card experience, or with fair, poor, or no credit history. With a deposit requirement of $500 to $15,000, this card can help you work towards an unsecured credit card in the future. Plus, the card offers a low APR and no annual fees. Consider this card if you’re looking to build a positive credit history.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- No annual fee
- Build credit with financial responsibility
Who this card may suit
- You're new to banking or have recently arrived in the U.S.
- You want to rebuild your credit score or establish a credit score for the first time
- You don’t want to pay an annual fee
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Regular Purchase APR | 13.00% to 18.00% variable based on the Prime Rate |
| Balance Transfer APR | 13.00% to 18.00% variable based on the Prime Rate |
| Cash Advance APR | 13.00% to 18.00% variable based on the Prime Rate |
| Cash Advance Transaction Fee | $0.75 for each transaction at an ATM |
| Foreign Transaction Fee | 1% of the transaction amount in U.S. dollars |
| Late Payment Penalty Fee | $10 |
| Return Payment Penalty Fee | $5 |
| Minimum Deposit Required | $500 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Poor Credit Limited or No Credit.
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