Desert Financial Credit Union Secured Visa

The Desert Financial Credit Union Secured Visa is an innovative financial product designed for individuals looking to build or rebuild their credit scores. Issued by Desert Financial Credit Union, this secured credit card presents an excellent opportunity for responsible credit utilization while offering various features that cater to the needs of consumers.

Card Type

This credit card is classified as a secured credit card, which means it requires a cash deposit that serves as your credit limit. This structure is particularly useful for individuals with limited or poor credit history, as it encourages responsible spending while simultaneously helping users establish or improve their credit ratings.

Annual Fee

One of the appealing aspects of the Desert Financial Credit Union Secured Visa is its no annual fee policy. Users can enjoy the benefits of credit card ownership without the burden of a recurring charge, making it a cost-effective choice for cardholders.

Rewards Program

The rewards structure of this card is straightforward and beneficial. While secured credit cards typically do not offer extensive rewards, the Desert Financial Secured Visa allows cardholders to earn 1% cashback on eligible purchases. This cashback can be redeemed for statement credits, which makes it an attractive option for those who wish to make every dollar count.

Sign-Up Bonus

Cardholders who sign up for the Desert Financial Secured Visa may also enjoy a sign-up bonus of $50, provided they meet a minimum spending requirement within the initial three months after account opening. This bonus enhances the card’s value, making it even more appealing for new applicants.

APR (Annual Percentage Rate)

The standard APR for the Desert Financial Secured Visa is competitive at 10.99% on purchases, which is relatively low when compared to many other secured credit cards on the market. Additionally, the card offers a promotional 0% introductory APR for the first six months, allowing cardholders to make interest-free purchases during this initial period.

Foreign Transaction Fees

This secured Visa card is a smart choice for travelers as it comes with no foreign transaction fees. Users can make purchases abroad without worrying about additional charges, thus enhancing the cards utility for international travelers.

Balance Transfer Options

The Desert Financial Secured Visa also provides a balance transfer option, allowing cardholders to transfer existing credit card balances at a very low 0% APR for up to six months. This feature can assist users in managing existing debt more efficiently, making it an attractive financial tool.

Additional Fees

Aside from the no annual fee, its essential to be aware of some additional fees associated with the Desert Financial Secured Visa. These include:

• Late Payment Fee: Up to $20.
• Cash Advance Fee: 3% of the amount, with a minimum fee of $5.
• Returned Payment Fee: Up to $20.

Card Benefits and Perks

Cardholders of the Desert Financial Secured Visa enjoy several perks, including:

• Fraud liability protection”ensuring that cardholders are not held responsible for unauthorized transactions.
• Travel accident insurance”offering peace of mind while traveling.
• Extended warranty protection”this feature extends the warranty period of eligible purchases.

Customer Protections and Insurance

The Desert Financial Secured Visa goes above and beyond in providing customer protections, such as:

• Zero liability for fraudulent charges”giving users confidence in their purchases.
• Purchase protection”this feature helps safeguard recent purchases against theft or damage.
• Rental car insurance”providing coverage in case of accidents when renting vehicles.

Eligibility and Credit Score Requirements

To be eligible for the Desert Financial Secured Visa, applicants typically need a credit score of 580 or higher. While this is a flexible minimum requirement, the overall creditworthiness of the applicant will still be considered during the approval process.

Introductory Offers

In addition to its low standard APR, the card features an introductory offer of 0% APR for the first six months on purchases and balance transfers. This can significantly benefit new customers looking to manage their budgets efficiently during the initial phase of card ownership.

Special Features or Unique Selling Points

What sets the Desert Financial Secured Visa apart from other secured credit cards is its combination of cashback rewards and the absence of foreign transaction fees. This card not only helps users establish or rebuild their credit score but also rewards them for everyday spending”a dual benefit not easily found in similar products.

How to Apply

Applying for the Desert Financial Secured Visa is a seamless experience. Interested individuals can apply online or visit a local branch of Desert Financial Credit Union. To begin the application process, you can visit the UpCube.net for financial insights and apply now through the