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Golden 1 Platinum Secured Visa® Card

  • Regular Purchase APR   15.79% based on the Prime Rate
  • Balance Transfer APR  15.79%, based on the Prime Rate
  • Cash Advance APR  15.79%, based on the Prime Rate
  • Annual Fee  None
  • Credit Needed  Poor , No Credit Required
  • Processing Network Visa

Best Benefits
  • No annual fee
  • Funds used for deposit will earn dividends
  • Credit limit: $250 to $3000
  • Low APR
Rates & Fees
     Intro Purchase APR: N/A
     Regular Purchase APR: 15.79% based on the Prime Rate
     Intro Balance Transfer APR: N/A
     Balance Transfer APR: 15.79%, based on the Prime Rate
     Balance Transfer Transaction Fee: N/A
     Cash Advance APR: 15.79%, based on the Prime Rate
     Cash Advance Transaction Fee: Either $5 or 2.5% of the amount of each cash advance, whichever is greater
     Penalty APR: None
     Annual Fee: None
     Foreign Transaction Fee: Up to 1% of each transaction in U.S. dollars
     Late Payment Penalty Fee: Up to $15
     Return Payment Penalty Fee: Up to $25
     Over Limit Penalty Fee: N/A
     Minimum Deposit Required: $250
     Credit Needed: Poor , No Credit Required

 

At a Glance

The Golden 1 Platinum Secured 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, this card is ideal for anyone who wants to establish, build, or repair their credit.

The Gist

The Golden 1 Platinum Secured Visa® Card is designed for anyone who is looking for a competitive rate even as they are building or repairing their credit. Credit card issuers often eschew applicants who have little, no, or bad credit history, and it may seem impossible to rebuild your reputation with the credit bureaus. Golden 1 Credit Union has a generous offer – with a purchase APR of 15.79% (enticingly low, as far as the APR for a secured card goes – often this rate can be as high as 25%!), you’ll be able to save money even if you carry a balance. 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. Once you’ve demonstrated responsible fiscal behavior, you can be upgraded to a credit card that offers cash back rewards from gas, grocery and restaurant purchases, like the Golden 1 Platinum Visa® Card. There are many other credit cards with great rewards programs, so it’s good incentive to improve your credit quickly.

A great perk of the Golden 1 Platinum Secured 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. The credit limit for this Platinum Secured card ranges from $250 to $3,000, and is determined by the security deposit made at the time the account is opened; in order to use this card, you will need a Golden 1 savings account. You can even use this card to get a cash advance for a fee of $5, or 2.5% of the amount of the cash advance (whichever is greater).

All in all, the Golden 1 Platinum Secured Visa® Card 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!

Apply for This Card if You:

  • 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

 

Editorial Disclosure — The opinions expressed on BestCards’ reviews, blogs, and all other content on or relating to the website are solely those of the content’s author. They are not reflective of any card issuer or financial institution and have not been reviewed or approved by these entities unless otherwise noted. Further, BestCards lists credit card offers that are updated daily with information believed to be accurate to the best of our knowledge.

Published: September 6, 2019 3:42 pm

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.