Suncoast Schools FCU secured credit card fee schedule
By CreditCards.com staff
|2011 Credit Card Fee Survey|
A year after the Credit CARD Act's major provisions went into effect, predictions of an onslaught of fees haven't come true.
Applicants for these cards must deposit money into an account to secure their borrowing. When they use the secured card to make purchases, they are essentially borrowing and paying back their own money. Credit counselors advise secured card users to make small purchases and pay off the entire balance on time each month to avoid interest charges and to show they are good credit risks.
The survey of secured card offers was conducted in May 2011.
Here are the 2011 secured card fees for the Suncoast Schools FCU secured card:
|Suncoast Schools FCU|
|Other fees, conditions||Credit Limit is equal to deposit ($500 - $2,000; additional deposits require re-application for the increase). No other fees. Reports to all 3 credit bureaus. Secured deposit is refunded into one's account or as requested. Interest is paid at 0.15%.|
Published: May 31, 2011
- Fed: Access to credit cards increasing – Fewer applicants rejected for new cards, but issuers stingy with credit limit increases ...
- Card debt is under control for the 2015 holidays – U.S. consumers show an appetite for borrowing but their balances and late payments are low, a report from the big credit bureau shows ...
- Debit card statistics – Debit remains the most popular plastic ...