Whether you’re looking to rebuild your credit or to establish credit history, look to ActorsFCU’s Secured VISA to help. You get the benefit of earning interest on the funds held as collateral in a CD while building your credit.
- Credit limit will be 80% of funds held in a CD at ActorsFCU.
|Interest Rates and Interest Charges for Secured VISA|
|Annual Percentage Rate (APR) for Purchases||14.9% APR|
|APR for Balance Transfers||14.9% APR|
|APR for Cash Advances||14.9% APR|
|Penalty APR and When It Applies||None|
|Paying Interest||Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on new purchases, provided you have paid your previous balance in full by the due date each month. We will begin charging interest on cash advances on the transaction date.|
|Minimum Interest Charge||If you are charged interest, the charge will be no less than $.50|
|For Credit Card Tips from the Federal Reserve Board||To Learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.|
|Set-up and Maintenance Fees||NOTICE: Some of these set-up and maintenance fees will be assessed before you begin using your card and will reduce the amount of credit you initially have available.|
|Additional Card Fee||$10|
|Foreign Transaction||1% of the U.S. dollar amount on transactions made in a foreign currency, as of the transaction date.|
|Late||Up to $25|