Unity Visa Secured Credit Card
- Annual fee
- $39
- Recommended credit
- Poor / No Credit Required
- Card network
- Visa
- Regular purchase APR
- 17.99% fixed rate through the expiration date of the card.
At a glance
The Unity Visa Secured Card by OneUnited Bank is a secured credit card that is looking to make a difference. Issued by OneUnited, the largest black-owned bank in the United States, the card seeks to help holders “make a comeback” with sound financial use (and without the need for debit cards or prepaid cards). The card features a fixed-rate APR on purchases, balance transfers, and cash advances, plus a special introductory rate on balance transfers for the first six months – all for a $39 annual fee.
Our review of the Unity Visa Secured Credit Card
Are you looking to rebuild your credit but struggling to get approved for an unsecured credit card? The Unity Visa Secured Card from OneUnited Bank might be the solution you’ve been searching for. This secured credit card is designed to empower individuals who are looking to improve their financial situation.
Who Can Benefit from a Secured Credit Card?
Building and maintaining good credit can be challenging, especially for those with limited financial knowledge. Secured credit cards offer an opportunity for individuals who may not qualify for traditional unsecured credit cards. These cards operate similarly to unsecured cards but require a security deposit as collateral.
OneUnited Bank, the largest black-owned bank in the United States, offers the Unity Visa Secured Card. The bank is committed to empowering underprivileged communities through its Community Development Financial Institution (CDFI) Program, which provides financial literacy education and support.
Why Bank with OneUnited?
OneUnited Bank’s dedication to community empowerment sets it apart from other financial institutions. The bank’s #BankBlack campaign aims to showcase the economic impact of minority groups and promote financial education among all communities, regardless of race or creed.
In addition to offering the Unity Visa Secured Card, OneUnited provides valuable resources through its “How to Rebuild Credit” Program. This program offers practical advice for individuals looking to improve their credit scores and financial habits.
Decent Fixed-Rate APR
The Unity Secured Card comes with a competitive fixed-rate APR on purchases, balance transfers, and cash advances. While the APR may not be the lowest available, it is in line with national averages for credit cards. It’s important to note that secured cards are intended for rebuilding credit, so carrying a balance should be avoided whenever possible.
Annual Fee and Credit Limits
The Unity Visa Secured Card has an annual fee of $39, which helps support OneUnited’s community outreach initiatives. Additionally, the card offers credit limits ranging from $250 to $10,000, based on individual financial situations and creditworthiness.
Should You Apply for the Unity Visa Secured Card?
The Unity Visa Secured Card offers a unique opportunity to rebuild credit while supporting a bank committed to community empowerment. While the card comes with a few caveats, such as the annual fee and introductory APR on balance transfers, it can be a valuable tool for those looking to establish positive credit habits.
If you’re considering applying for the Unity Visa Secured Card, take advantage of the educational resources and financial support offered by OneUnited Bank. By using this card responsibly and paying off your balance in full each month, you can take significant steps towards improving your credit score and financial future.
For more information on secured credit cards and the best options available in 2020, visit our Comprehensive Secured Card Reference Page. Explore the top secured card offers, expert advice, and tips to help you build a strong credit history.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- Get a second chance at credit
- Support the natio's largest back-owned bank
- 9.95% intro APR on balance transfers for the first 6 months
Who this card may suit
- You're looking to rebuild your credit with the major credit bureaus
- You want to empower your community by contributing to OneUnited’s education projects
- You plan to pay your entire statement balance each month
Rates, fees and terms
| Annual Fee | $39 |
|---|---|
| Regular Purchase APR | 17.99% fixed rate through the expiration date of the card. |
| Intro Balance Transfer APR | 9.95% for 6 months from account opening date |
| Balance Transfer APR | 17.99% fixed rate through the expiration date of the card. |
| Balance Transfer Transaction Fee | Either $10 or 3% of the amount of each transfer, whichever is greater |
| Cash Advance APR | 17.99% fixed rate through the expiration date of the card. |
| Cash Advance Transaction Fee | Either $10 or 3% of the amount of each transfer, whichever is greater |
| Foreign Transaction Fee | 3% of each transaction in U.S. dollars |
| Late Payment Penalty Fee | Up to $10 |
| Return Payment Penalty Fee | Up to $37 |
| Minimum Deposit Required | : $250 |
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.
Apply Now for Unity Visa Secured Credit Card (opens in a new tab)View issuer terms for Unity Visa Secured Credit Card (opens in a new tab)
Unity Visa Secured Credit Card
Apply Now for Unity Visa Secured Credit Card (opens in a new tab)You will leave this site for the issuer’s page. Confirm current terms there.
Similar cards
OpenSky® Plus Secured Visa®
- New feature! Earn up to 10% cash back on everyday purchases
- No credit check to apply. Find out instantly if you are approved- Zero credit risk to apply
- Annual fee
- $0
- Recommended credit
- Fair / Poor / No Credit Required
- Purchase APR
- 29.49% (Variable)
First Progress Platinum Select Mastercard® Secured Credit Card
- Get a First Progress Platinum Select Card and Earn 1% Cash Back Rewards!
- Secure your credit line with your refundable security deposit – choose from $200- $2,000 - with the ability to increase…
- Annual fee
- $39
- Recommended credit
- Poor / No Credit Required
- Purchase APR
- 18.74% variable based on the Prime Rate
Current Build Card
- Build credit with no minimum deposits and no annual fee
- Up to 4% APY on savings
- Annual fee
- $0.00
- Recommended credit
- Good / Poor / Fair
- Purchase APR
- 0.00%