Sacu secured (San Antonio Credit Union) offers credit cards. Currently, they offer three categories for their credit cards. You can choose between the Classic CC, Gold CC, or Platinum CC.
Visa provides the card network. If you are looking for a high credit limit, the Platinum CC offers up to $5000. For users with an excellent credit score, this is the perfect option.
Features of Sacu Secured Credit Cards
They are an adequate alternative for those who want good credit options and have a suitable score. One of the main benefits of the cards is that they have no annual fees and no APR penalty for late payments.
On the other hand, their APR is highly competitive at 7.90% to 8.90%. They also have a 25-day moratorium on all purchases made with the CC. Depending on the card purchased, different shopping and travel benefits are offered.
At least 4,000 branches are available throughout the United States to apply for, secure, or manage credit card accounts. Another great benefit is that it offers an introductory APR discount on purchases made with a credit card.
Secured credit cards and how they work
The credit cards offered by Sacu are secured, meaning you must deposit money to open the account to use them. The process is known as a security deposit and is common when benefits are offered to users with bad credit.
The card issuer retains the deposit to cover any debt generated while the account is open. It is a good option to generate credit by using credit cards responsibly.
To acquire it, you must enter the web page or go to the issuer’s offices to make the application following the requirements. Depending on the account you wish to create, it will indicate the amount of the deposit you need to make.
Benefits of secured credit cards
Sacu aims to benefit all customers who opt for its credit cards. With a secured credit card, there is the possibility of improving credit at the desired time to access new financial benefits.
It is an adequate alternative to generating credit
As mentioned before, a credit card benefits those with bad credit or who are starting their credit history. Only by paying the minimum monthly amount will you be able to start increasing your credit score.
In addition, some cards do not issue a card statement, a way for the issuer to help the cardholder improve their credit history.
They are the first step to acquiring better credit cards
If all payment obligations are fulfilled on the corresponding dates, it is a great alternative to acquire credit cards from other brands that allow access to greater benefits.