Golden 1 Member First Visa® Card

Advertiser Disclosure Editorial Disclosure

Last updated on October 28th, 2022

Golden 1 Member First Visa® Card

Establish Credit While Earning Dividends

Golden 1 Member First Visa® Card
  • Regular Purchase APR 18.04% variable based on the Prime Rate
  • Balance Transfer APR 18.04% variable based on the Prime Rate
  • Cash Advance APR 18.04% variable based on the Prime Rate
  • Annual Fee None
  • Credit NeededBestCards.com uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card.
    Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Funds used for deposit will earn dividends
  • Credit limit: $250 to $3,000
  • Low APR
Rates & Fees
  • Regular Purchase APR: 18.04% variable based on the Prime Rate
  • Balance Transfer APR: 18.04% variable based on the Prime Rate
  • Cash Advance APR: 18.04% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $5 or 2.5% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: Up to 1% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $15
  • Return Payment Penalty Fee: Up to $25
  • Minimum Deposit Required: $250
Deals and Discounts
Golden 1 Member First Visa® Card

Golden 1 Member First Visa® Card

Terms & Conditions

At a Glance

The Golden 1 Member First Visa® Card is a no-frills secured credit card offer from Golden 1 Credit Union. With no annual fee, no balance transfer fee, and a low APR for purchases, the secured card is ideal for anyone who wants to establish, build, or repair their credit.

Ideal for Those Who:

  • Need to build (or repair) your credit history
  • Don’t want to pay an annual fee or balance transfer fee
  • Want to earn dividends from your security deposit
  • Will take advantage of a low purchase APR
  • Are a member of the Golden 1 Credit Union

Golden 1 Member First Visa® Card Review

The Golden 1 Member First Visa® Card is an excellent companion on a credit-building journey. Whether you’re establishing credit for the first time or working to repair your credit, the Golden 1 Member First Visa provides the power to purchase everyday essentials or pay bills to bolster your credit history with monthly on-time payments.

Open an Account with as Little as $250

Secured cards differ from unsecured (or regular) credit cards in that they require a security deposit. This cash deposit acts as the collateral for the loan, making them easier to open than unsecured cards, and provides the credit limit. With the Golden 1 secured credit card, that initial deposit starts as low as $250, with a maximum deposit of $3,000. Golden 1 members looking to build a positive credit history can open a new Member First Visa® account with as little as $250. 

Build Credit with Regular Payments

Like other secured credit cards, the Golden 1 Member First Visa® Card builds credit with regular, on-time payments. Each month, payment information is reported to the credit bureaus, so making payments on time will help you build a positive credit history. This process is further aided by cess Mobile Banking and Online Banking to monitor your accounts, plus  Credit Sense to access your credit score, credit report, and more.

It’s recommended to not carry a balance with a secured card, as bank and credit issuers pay close attention to secured card cardholders’ activity; after all, you’re meant to be demonstrating responsible financial behavior, and the best way to do this and have your card upgraded to a rewards credit card is to pay your balance in full, each billing cycle.

Deposit Earns Dividends

A great perk of the Golden 1 Member First Visa® Card is that cardholders will be able to earn dividends on the funds that are held in their savings account; essentially, whatever deposit is made for the credit limit will earn dividends as long as it remains in the account.

No Hidden Fees

Beyond a solid credit-building platform, the Golden 1 Member First Visa secured credit card also boasts no fees for many common charges. Cardmembers enjoy:

  • $0 annual fee
  • $0 balance transfer fee
  • $0 over-the-credit-limit fee
  • No penalty APR

One fee that Golden 1 does charge is a foreign transaction fee. Expect to pay a fee of 1% if the transaction price is in US dollars should you take and use your Golden 1 credit card abroad.

Competitive APR

Credit unions typically offer interest rates significantly lower than rates for similarly marketed products from big banks. Golden 1 is no different, providing highly competitive rates for its credit card products.

Other Card Features

The Golden 1 Member First Visa® Card features Visa Classic benefits and protections. These features include:

Zero Fraud Liability Cardholder Inquiry Services Emergency Card Replacement
Roadside Dispatch and Auto Collision Damage Waiver Lost/Stolen Card Reporting ID Navigator from Norton
      

Other features include:

  • ID Navigator by NortonLifeLockTM: Provides updates that keep you informed and help you protect your personal Mobile Wallets: identity and information
  • Make secure and easy purchases using Apple Pay®, Google Pay™, or Samsung Pay™
  • Contactless Payments: Pay with ease! Tap your contactless credit card on the eligible point-of-sale terminals

Should You Apply for the Golden 1 Member First Visa® Card?

All in all, the Golden 1 Member First Visa® is a solid secured credit card offer – with no annual fee, no balance transfer fee, and an extremely competitive, middle-of-the-road purchase APR, repairing or building your credit will be easy. Since there’s no fee for balance transfers, you can easily transfer your balance from a previous card and start making payments immediately without having to pay a cent more than you need to establish your credit today!

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Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.

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