This review is for the APGFCU (Aberdeen Proving Ground Federal Credit Union) Share Secured with Rewards Credit Card, one of five credit cards offered by APGFCU. This is one of two secured credit cards offered by APGFCU.
Want to compare credit cards online? Just enter your zip code in the credit card chaser below!
This card is designed for people who have a savings account at APGFCU and want to use that money as the security for a credit card.
Details of the APGFCU Share Secured with Rewards Credit Card
There are two different ways to use the APGFCU Share Secured card. The first is to have a low annual percentage rate that is 1% above prime. The other option is to use your savings account as the credit limit on your card.
Are you curious if a secured card is right for you? Learn more at http://money.cnn.com/2010/06/07/pf/saving/new_types_of_credit_cards/index.htm
For example, if your savings account has $5,000, your credit limit can be any amount up to $5,000.
Each purchase with the APGFCU secured card earns a 1% cash rebate, and there is no annual fee to have the card. You can also earn additional rewards simply by using the card for everyday purchases, and you can receive 2,500 bonus points by simply opening the card and using it once.
APGFCU Share Secured with Rewards Credit Card Benefits
All five of the APGFCU cards offer complete Visa fraud protection, meaning that if you lose your card or it is stolen, you will not be held liable for any unauthorized purchases. There is no fee for making a purchase, and you can receive complete travel and accident coverage if you book airline tickets and car rentals with the card.
The card can be used for cash at specific ATMs, and you can easily manage your account online.
APGFCU Share Secured with Rewards Credit Card Bottom Line
Secured cards can be expensive to have, as the money you are borrowing against is your own. Be sure to look into any fees associated with the card, and look at all your options before agreeing to send your money to a credit card company to secure a card.
Many banks offer Visa debit cards that have the same benefits of a credit card but take the money directly from your checking account. If you choose to go in this direction, you can simply pay yourself back and not be charged any interest.
Still can’t decide which to choose from all the available online credit cards? The credit card chaser can help!
- APGFCU (Aberdeen Proving Ground Federal Credit Union) Money Market Secured with Rewards Credit Card
- APGFCU (Aberdeen Proving Ground Federal Credit Union) Starter Credit Card
- APGFCU (Aberdeen Proving Ground Federal Credit Union) Student Credit Card
- APGFCU (Aberdeen Proving Ground Federal Credit Union) Platinum Advantage Rate Credit Card
- APGFCU (Aberdeen Proving Ground Federal Credit Union) Classroom Supply Credit Card Review
- Vons Employee Credit Union Share Secured Visa Platinum
- APGFCU (Aberdeen Proving Ground Federal Credit Union) Platinum Plus Rewards Credit Card