VyStar Savings Secured Visa Card
- Annual fee
- None
- Recommended credit
- Poor / No Credit Required
- Card network
- Visa
- Regular purchase APR
- 18.00% variable
At a glance
The VyStar Savings Secured Visa Card is a secured credit card that actually earns interest on the money sued as collateral. The card, offered by VyStar Credit Union in Florida, features a low, fixed-rate APR, no annual fee, and no fees for foreign transactions, balance transfers, or cash advances. This nice package makes it one of the best secured credit union credit cards available today.
Our review of the VyStar Savings Secured Visa Card
Looking for a basic yet effective secured credit card? The VyStar Savings Secured Visa Card from VyStar Credit Union in Central and Northern Florida may be the perfect option for you. With a competitive fixed-rate APR of around 13.5%, this card provides affordable spending limits and the opportunity to earn interest on your security deposit.
Affordable Spending Limits
Secured credit cards, including the VyStar Secured Card, require a security deposit to establish a line of credit. VyStar sets credit limits ranging from $375 to $2,000. While these limits may seem modest compared to premium cards, secured cards are designed to help users build responsible credit habits. By keeping credit utilization low and only spending what you can afford to pay off immediately, cardholders can improve their credit scores over time.
Earn Interest on Your Security Deposit
The collateral for the VyStar Secured Card is the money already in an eligible VyStar savings account. This means that the security deposit earns interest at the current VyStar savings rate. If cardholders maintain timely payments, they can receive their deposit back with interest when they close their account or upgrade to an unsecured card. However, failure to pay on time may result in forfeiture of the deposit.
Visa Protections and Benefits
As a Visa card, the VyStar Secured Visa Card offers protections such as roadside dispatch, collision damage waivers for rental cars, fraud and liability protection, and comprehensive customer service. Additionally, cardholders enjoy global acceptance without foreign transaction fees, making it an ideal choice for travelers and students.
Should You Apply for the VyStar Savings Secured Visa Card?
The VyStar Savings Secured Visa Card is a great option for VyStar members looking to establish or improve their credit. With a reasonable APR, no additional fees for balance transfers, cash advances, or foreign transactions, and the opportunity to earn interest on their security deposit, cardholders can confidently build their credit scores. Whether you’re a student, young adult, or anyone striving for better credit, this card serves as a valuable credit-building tool.
If you’re interested in exploring more credit card offers, browse our selection for additional options.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- No annual fee
- Credit Limits from $375 to $2,000
- Uses funds from your VyStar savings account as collateral
Who this card may suit
- You already bank with VyStar Credit Union
- You want to rebuild your credit score
- You are new to credit, or are a student
- You like the flexibility to use your card abroad without fear of additional fees
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Regular Purchase APR | 18.00% variable |
| Late Payment Penalty Fee | Up to $25 |
| Return Payment Penalty Fee | Up to $25 |
| 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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VyStar Savings Secured Visa Card
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