Digital Federal Credit Union Visa Platinum Secured Credit Card

Benifits

• No annual fee
• No cash advance fee
• Lower ongoing APR
• No balance transfer fee
• high credit limit

Pros

The ongoing APR 12.5% is almost half the rate of most popular secured cards. Meanwhile, you can get more rewards here than many unsecured cards. What attracts cardholders most is that this card requires no annual fee and 0 balance transfer/cash advance fees. Unlike most secured cards, this card doesn’t require the security deposit equal to your credit limit.

Cons

Starting to use this card, firstly you need to be a member of Digital Federal Credit Union. However, there are many ways to become a member. Therefore, it will be a disadvantage of this card, which makes it a hoop to jump through.

Summary

You had better pay the bill of your credit card on time every month, especially when trying to rebuild your credit. However, the Digital Federal Credit Union Visa Platinum Secured Credit Card will still be less expensive than other secured cards if you must have a balance.