SELCO Community Credit Union Visa Card Score for Teens Credit Card

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SELCO Community Credit Union Visa Card Score for Teens Credit CardIf you are a teenager and are interested in having a credit card, check out the SELCO Community Credit Union Visa Card Score for Teens credit card. Many credit card issuers make it difficult for young people to get approved for a card. SELCO makes it easier and possible with its Visa for teenagers.

For other credit cards for young adults, do a quick credit card search here for FREE!

Having a credit card takes a lot of responsibility. If you haven’t had any classes or advice about personal finance, you may find yourself in credit card debt. This can affect you negatively in multiple ways in the future.

Features of SELCO Visa Card Score for Teens Credit Card

If you apply for the Teen Visa, SELCO Credit Union requires that you have a co-signer on the credit card. According to the Federal Reserve, if you are under 21 years of age you either need a co-signer or need to prove that you make a regular income so you can pay your bills.

The rate for your Teen Visa from SELCO Community Credit Union will vary from 7.25% to 17.25%, according to your credit history.

Since you probably don’t have much of a history, the APR will be based off of the co-signer’s credit score.

There are no fees for advancing cash or transferring a balance, or for annual membership. Fees for returned payments and late payments are $25. If you lose your card or it is stolen, the credit union can charge you up to $50 to recover the card.

SELCO Visa for Teens Credit Card Responsibility

SELCO Community Credit Union wants to make sure you make good decisions and use your credit card responsibly. One of the ways they do this is by having you go through an online credit tutorial.

Part of the application process includes an online financial education class. This includes things such as understanding the benefits and costs of using credit, types of credit, what makes up your credit score, and how to handle card debt. After the quick tutorial you will take a quiz to make sure you understand how to use credit responsibly.

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