PSECU Secured Card

[ostriches]

Just a heads up, I spoke with their credit department. They offer a secured visa card with the same exact terms as their standard card (interest rate, no annual fees, etc). They *DO NOT* check your credit to approve you, so even if your score is TANKED they will approve your application. You have to call and request they mail you a paper application. They secure the funds from your savings account, $500 minimum. Didn't ask for the maximum, sorry. You *CAN* add more funds to add to the credit limit at a later time. The card WILL NOT unsecure, you have to call in and apply for a standard card if you feel your credit is up to par for one at a later time. They *DO* report the card to all 3 credit bureaus, and they report it as a standard card, not secured.

 

Hope this helps someone!

[ericgunit]

Great info! Thanks for sharing

[TXDatN]

Great info indeed. I believe this beats the secured card from PSB. No fees, no credit check...good stuff.

[luckydriver]

speaking of secured, they also do secured loans that report to the CBs. They call them share loans. from what i understand, i pay 2% more than the current savings rate on my loan. I did this when i needed a winter jeep and didnt want to empty out my account. at the time i hadnt even realized it would report to all 3 CBs but i guess it's helping me a bit these past few years.

 

of course with a secured visa you are looking to actually charge things, not just rebuild, but i figured i'd offer the info in case anyone thinks they want another positive loan reporting.

[Repairerer]

That is super awesome. This has to be one of the most building friendly CUs out there. And even the UPS need their Experian score, so there's a little something for everyone.

[ostriches]

That is super awesome. This has to be one of the most building friendly CUs out there. And even the UPS need their Experian score, so there's a little something for everyone.

 

Yeah really, I'm very impressed. I think they're going to get all my business from now on. I've got some rebuilding to do!

[Wired All Wrong]

looks like some of the things have changed:

they just received my secured card application yesterday and this morning I got a hard pull on EX

[RDW12228]

looks like some of the things have changed:

they just received my secured card application yesterday and this morning I got a hard pull on EX

 

I would think that this would be an EQ pull?

[JaseT]

looks like some of the things have changed:

they just received my secured card application yesterday and this morning I got a hard pull on EX

 

I would think that this would be an EQ pull?

 

 

PSECU pulled EX on me for membership and also for the Visa/PSL combo.

[Wired All Wrong]

looks like some of the things have changed:

they just received my secured card application yesterday and this morning I got a hard pull on EX

 

I would think that this would be an EQ pull?

 

they pull EX

 

I got the card about 3 weeks ago and as of today it is now reporting on all 3 as regular credit card, it increased my fako USAA scores by 14 points, can't wait to see what it would do to my actual scores

[RDW12228]

Anyone know what the max is on this one?

[Wired All Wrong]

$500 - 5,000

[RDW12228]

$500 - 5,000

 

Thanks