Sometimes people let their credit use get a bit out of their control. If their credit score is damaged, they can find it hard to be approved for a credit card. In these cases, a secured credit card like the Community Credit Union of Florida Share Secured Visa Credit Card might be a great solution.
Compare online credit cards with the credit card chaser to see a list of secured credit cards.
A secured credit card is meant for people that have not credit history or have damaged credit from past mistakes. A low credit score can limit a person’s life in unexpected ways like keeping them from being approved for a home loan or even keep them from getting a new account with a cell phone provider. With the right information, like the kind offered by Suze Orman, the cardholder can avoid this kind of situation.
Community Credit Union of Florida Share Secured Visa Credit Card Terms
This secured credit card has an extremely low interest rate of only 7%. This annual percentage rate would be considered amazingly low for a normal unsecured credit card so seeing it with a secured card is very rare. This low interest rate applies to purchases, balance transfers, and cash advances. It is also very rare for the interest on cash advances to be the same as the rate for purchases and balance transfer. It is usually much higher.
The cardholder will be charged up to $35 in penalty fees for exceeding the card’s credit limit, making a payment more than ten days late, or having any payment returned for whatever reason. There is no annual fee or fees for cash advances or balance transfers. It is also rare for a credit card to not charge some type of fee for balance transfers or cash advances.
Benefits of Choosing a Credit Union
Many people prefer to bank with a credit union because they feel like the credit union cares more about them as people. With a credit union, a person is considered a member, while with a traditional bank that is more concerned with the happiness of their shareholders they are viewed as customers.
Compare credit cards now with the credit card chaser before making a final decision.
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