No credit? No problem! The Stanford FCU Secured Visa Credit Card lets you safely build or re-establish your credit history. It uses your savings account as collateral and works just like any other credit card. We know how important good credit is to you, and Stanford FCU is here to help you get it back.
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| Money 101 |
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Method of computing the balance of purchases:
Average Daily Balance Including New Purchases
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| Visa Card Information |
Rate Information |
Annual Percentage Rate for Purchase |
Grace Period for Balances of Purchases |
Annual Fee |
|---|---|---|---|---|
| Secured Visa | 17.99% | Corresponding to a daily period rate of 0.0493% | None | None |
For California Borrowers, the Secured Visa is a secured credit card. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during any periods when you are a covered borrower under the Military Lending Act your credit card will be secured by any specific Pledge of Shares you grant us but will not be secured by all shares you have in any individual or joint account with the Credit Union. For clarity, you will not be deemed a covered borrower if: (i) you establish your credit card account when you are not a covered borrower; or (ii) you cease to be a covered borrower.
We don’t believe you should have to pay extra just to use basic banking services. We have the Visa Card that fits your lifestyle without any hidden fees, allowing you to do more and bank less.
| Annual Fee | None |
|---|---|
| Cash Advance Fee | None (Interest will be charged on Cash Advances starting on the transaction date.) |
| Balance Transfer Fee | None (Interest will be charged on Balance Transfers starting on the transaction date.) |
| Foreign Transaction Fee | None |
| Late Payment Fee | $7 |
| Return Payment Fee | $20.00 or the amount of the required minimum payment, whichever is less |
| Penalty APR | None |
Take control of your money by learning the financial basics! These courses are designed to help you become financially savvy.