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Secured Credit Cards

Secured credit cards help you establish or reestablish your credit.

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Secured Credit Card Rates as Low As

APR Effective 3/1/2023*



Variable Rate

*See important information about rates, fees and other costs

What Are Secured Credit Cards?

A secured credit card looks and operates like a regular credit card. The difference is that it requires a cash security deposit that the lender “holds” to secure the funds . They're an ideal way for people to build credit or reestablish a credit history. 

Features & Benefits | Who's it For? | How they work | How to Apply | FAQs | Related Content

Features & Benefits

  • No monthly or annual fees*
  • Approval is often easier (although not guaranteed)
  • Can help you establish or re-establish good credit history
  • May improve your credit score

Who's it For?

Anyone can apply for a secured credit card, but it's best for people with little to no credit history. They're ideal for building credit, and a great first step to take when trying to get a credit score that will help you get approved for larger forms of credit down the road, such as a home loan, personal loan, auto loan, or another credit card with a higher limit. 

How Do Secured Credit Cards Work?

Secure credit cards are just like any other traditional credit card. The most important and critical piece to remember, though, is factoring in the aforementioned security deposit.

A security deposit does not mean a cache of money you can draw upon to make your monthly payments. Instead, think of it like the deposit you give your landlord when you rent an apartment.

How to Apply

To apply for this card, you'll need to call us directly at 844-232-8562 or stop by a BECU Location.

Balance Transfers

Transfer high-interest debt to your BECU Visa® card with just a few clicks in Online Banking.

Frequently Asked Questions

  • Unsecured cards are traditional credit cards that rely on a cardholder having an established credit history and do not require a security deposit.
  • Secured cards are credit cards that require a security deposit and have lower credit limits than other cards. More detailed information is in the article above.

Yes. Secured credit cards can help improve your credit score. Using a credit card regularly and making payments each month helps you establish or rebuild your credit. Your secured credit card usage is reportable to credit bureaus (Equifax, Experian and TransUnion) and is factored into your overall credit score.

Yes! You always need to make a monthly payment any time you have a charge to your credit card. The security deposit is not to be used for regular payments.

Yes! The security deposit on your secured credit card is fully refundable once the applicant qualifies for and receives a traditional credit card.

Yes. To car rental agencies, the secured credit card is just a credit card.

$250 - $10,000

Similar to a traditional credit card, a missed payment with a secured credit card will result in a late fee, plus additional interest charges. Missing payments may also negatively impact your credit score.

$250 - $10,000 depending on credit limit

Have more questions?  Contact us at 844-232-8562 or stop by a BECU Location to talk to a Member consultant.

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*Approval subject to BECU membership, credit approval and other underwriting criteria; not every applicant will qualify. Credit Card programs, services, rates, terms and conditions are subject to change without notice. Contact BECU for the most current information. Your APR will vary with the market based on the Prime Rate. Please refer to the Credit and Security Agreement for the terms and conditions, fees, and charges, and other information regarding your credit card account. Other fees may apply.