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Last updated on October 21st, 2021
Share-Secured Visa® Power Card™
- Regular Purchase APR 3.25% variable based on the Prime Rate
- Balance Transfer APR 3.25% variable based on the Prime Rate
- Cash Advance APR 3.25% 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
- No annual fee
- Earn 1 point for every dollar spent on all other purchases
- Earn 1,500 points after first using the card
- Double points on every purchase for the first 30 days
- Regular Purchase APR: 3.25% variable based on the Prime Rate
- Balance Transfer APR: 3.25% variable based on the Prime Rate
- Cash Advance APR: 3.25% variable based on the Prime Rate
- Foreign Transaction Fee: 1% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $20
- Return Payment Penalty Fee: Up to $25
- Minimum Deposit Required: Varies
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At a Glance
The Share-Secured Visa® Power Card™ is an exceptional secured credit card from Utilities Employees Credit Union. The card has an excellent APR of around 5.25% for purchases, balance transfers, and cash advances. The card also benefits from the addition of earning a single UECU VantagePoint™ for every dollar spent on purchases, with applicable rewards including cash back, gift cards, and even loan rate discounts. The card has no annual fee and no additional fees for balance transfers or cash advances.
Ideal for Those Who:
- Are looking to rebuild their credit
- Don’t want to pay an annual fee
- Want to earn rewards for everyday purchases
- Are already a member of the Utilities Employees Credit Union
Share-Secured Visa Power Card Review
The Share-Secured Visa® Power Card™ is a secured credit card designed around everyday life. Many secured credit cards position themselves to rebuild credit, in a way shaming those who use them for their credit history and mistakes. The Share-Secured Visa® Power Card™ from Utilities Employees Credit Union, on the other hand, views their secured card as a way to preserve a savings account (used to secure the line of credit), while at the same time having the purchasing power of the Rewards Visa® Power Card™. This viewpoint is refreshing and accurate.
Related Article: What Are the Best Secured Cards for Rebuilding Credit?
The Share-Secured Visa® Power Card™ features an excellent low APR for purchases, balance transfers, and cash advances, making it a very powerful tool for cardholders. The rate, which varies depending on the Prime Rate, is around 5.25%This and compares extremely favorably with other similar secured cards from credit unions. In fact, this card blows away secured cards from larger national banks, who often have a typical APR of nearly 20% higher.
The Secured Power Card™ also benefits from the addition of the same benefits program the normal Visa® Power Card™ uses. Cardholders earn a single UECU VantagePoint™ for every dollar they spend on purchases with their card. Rewards with the UECU VantagePoint™ include gift cards, cashback, loan rate discounts, and more. Many secured cards do not offer rewards, making this a very nice feature, indeed.
Should You Apply for the Share-Secured Visa Power Card?
For those looking to rebuild their credit, the Share-Secured Visa® Power Card™ is an excellent option to consider. While membership with the Utilities Employees Credit Union is limited to utility workers (past or present) or those living in the Reading, Pennsylvania area, for those who can, it offers an impressive APR, no annual fee, and the purchasing power and protections users have come to expect from Visa.
Related Article: What Are the Easiest Credit Cards for Bad Credit to Get?