Baton Rouge Telco Federal Credit Union Visa Classic Secured Credit Card

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Baton Rouge Telco Federal Credit Union Visa Classic Secured Credit CardSometimes, when you have very bad credit, it is necessary to get a secured credit card rather than a more traditional credit card. Many, however, have many fees and high interest rates. For that reason, you might want to look at the Baton Rouge Telco Federal Credit Union Visa Classic Secured Credit Card.

Use the credit card chaser tool at the top of the page to compare credit cards online!

While a secured credit card isn’t for everyone, it is an excellent way to repair your credit. You will need to have a deposit equivalent to the amount that you want your credit to be in order to get a secured credit card.

Overview of the Telco Federal Credit Union Visa Classic Secured Card

The Visa Classic Secured credit card is one of two secured credit cards offered by Telco. It offers a low APR as well being a no fee credit card.

It is unusual for a secured credit card to not have any fees because most banks or credit card companies require you to pay fees to start the account as well as maintain the account. This, however, is not the case with Telco.

This is a low interest credit card and it is a bad credit credit card, which is also an unusual combination. You are not penalized for your bad credit when using this card.

You do have to open an account at Telco Federal Credit Union in order to get this card. You can deposit up to and have a credit limit of up to $25,500, which is much higher than most other secured card limits.

As time goes on, Telco will check your credit and let you know when you become eligible for an unsecured credit card account.

Telco Federal Credit Union Visa Classic Secured Card Terms

All of the terms for this card comply with the Federal Reserves’ credit card rules (http://www.federalreserve.gov/consumerinfo/wyntk_creditcardrules.htm).

The terms include:

  • No annual fee
  • No ATM fees
  • No cash advance fee
  • No balance transfer fee
  • APR of 7.9%

Verdict on the Telco Federal Credit Union Visa Classic Secured Card

While this card isn’t for everyone, if you have very bad credit and you need a place to start and rebuild your credit, this card offers excellent terms!

Compare credit cards online with the free credit card chaser tool!

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