As someone just starting out establishing credit, you’re probably looking for a credit card that is specifically designed for people with no credit at all. According to Vons Credit Union, it has the perfect solution for people like you with its Visa New Start credit card.
Use the FREE credit card locator to find the perfect credit card now!
In addition to providing an option for people who don’t have any credit, the Vons Credit Union Visa New Start credit card is also for those who are rebuilding their credit, but don’t have any recent negative reports on your credit history. Keep reading to learn what the benefits can be for you.
Vons Employee Credit Union New Start Credit Card Benefits
First, the New Start Visa is a rewards credit card that participates in the ScoreCard program offered by Visa. With ScoreCard, you automatically receive a point each time you charge $1 to your credit card. You can redeem these points for merchandise, cash, gift cards, and more.
You’ll find that the New Start Visa credit card has no annual fee and the APR for this card is fixed.
In addition, there is a 26-day grace period for all new purchases. According to the Federal Reserve in its Consumer Guide to Credit Cards, this allows you to avoid paying interest on your purchases.
Vons Employee Credit Union New Start Credit Card Terms
The starting APR for the New Start credit card is 16.9%. As mentioned above, this is a fixed rate, which means it will not change if the credit card prime rate changes.
The 16.9% APR is the minimum interest rate for the New Start credit card. If you have very bad credit, your APR could be as high as 26.9%. Although the penalty rate on this credit card is established at 17.9%, this can be higher for those of you with bad credit.
Vons Employee Credit Union New Start Credit Card Verdict
For someone starting out, 16.9% APR might be reasonable. However, you’ll find that there are some credit unions that offer APRs as low as 12% for people with no established credit. For this reason, it’s very important to compare rates between credit cards.
The FREE credit card chaser tool will help you find credit cards today!
- Vons Employee Credit Union Visa Platinum Plus
- Vons Employee Credit Union Share Secured Visa Platinum
- Vons Employee Credit Union Visa Platinum Premium Credit Card
- Publix Employee’s Federal Credit Union Visa Credit Card
- First Financial Federal Credit Union of Maryland Visa First Start Credit Card
- Premier Members Federal Credit Union Visa Platinum Rewards Credit Card
- Earthmover Credit Union Visa Platinum Credit Card