Take Charge of Your Future

With a PSECU Secured Visa® Card

We get it - life happens. The ups and downs we all experience may have had a negative impact on your credit history. Or maybe you’re just starting out and need to build a credit history.

Having a good credit history is essential when being considered for things like a mortgage, a car loan, or other lending and banking products. Poor or no credit can impact all those aspects of your life and more. Fear not – we're here to help!

Whether you have no credit history and need to build one, or you need to repair your credit, a secured credit card (meaning the card is backed by collateral which is essentially a deposit you keep in your Regular savings share) offers an easy and affordable way to do so.

Secured Visa Details

  • Credit limits of $200 - $2,500.
  • Required minimum collateral of $200 or 25% of credit limit (whichever is higher), to be held in your Regular savings share.
  • No annual fee.
  • Potential to graduate to an unsecured card in the future.

No matter where you are in life, we are here to help you reach your goals and achieve more. Our Secured Visa Card offers you the flexibility and freedom of a credit card while empowering you to build credit responsibly.

Current Rates

Valid as of   EDT

Description APR*
Secured Visa Card Purchase 12.90%
Secured Visa Card Cash Advance 14.90%

*Annual Percentage Rate

Credit Limit / Collateral

Credit Limit Requested Pledge Collateral Amount
$200 - $800 $200
> $800 - $2,500 25% of Credit Limit Requested

Requested loan amounts between $200 - $800 require a collateral amount of $200.
Requested loan amounts of greater than $800 require a collateral amount of 25%.

Why Join PSECU?

Because we help our members achieve more. We do this by offering excellent member service, security and peace of mind, access to competitive rates, and a focus on you and your financial goals.

BONUS: Join PSECU and you can earn up to $3001 when you meet Level Up promo requirements!

Additional Resources

How to Build Credit with a Credit Card

Building good credit is the key to opening many financial opportunities – like buying a home, renting an apartment, and even getting a job.

7 Ways to Build Your Credit History

What are some of your financial goals?

6 Tips for Building Your Credit Score with No Credit History

When was the last time you checked your credit score?

How to Get a Credit Card Without Credit History

After graduating from college and getting a full-time job as an adult, there are many purchases you may need to make now that you’re in the “real world.” 


Applicants with poor or no credit history may be approved if they can prove their ability to repay through income verification. If they can’t prove their ability to repay, they can reapply with a co-applicant who must prove their ability to repay.

Yep - our Secured Visa Card is a great option for you! With reasonable credit limits and our required collateralization of only $200 or 25% of the total credit limit, whichever is greater, this card can help you rebuild your credit. Be sure to spend only what you can afford and pay off your entire balance each month to ensure you are utilizing the credit available to you responsibly.

We know - that word is a mouthful. Collateralization, in this case, is defined as making a deposit as security for repayment of the loan. The amount of the deposit needed could be as low as $200 or 25% of the credit limit, whichever is greater, and must remain in your Regular savings share as long as you have the secured card.

When used responsibly – such as paying off your balance in full each month, and ensuring you make payments on time – secured cards can help improve your credit score. Because your credit limit is lower to start off with, you’ll be able to avoid having high balances that you cannot afford to pay off or make the minimum payments towards. Over time, the idea is that you begin to build a solid credit history.

Check out our blog for even more details about how to build credit with a credit card: How to Build Credit with a Credit Card.

When you are a Secured Visa cardholder, we put a hold on the collateral amount in your Regular savings share so you are not able use those funds for as long as the collateral is required.

Applying for our Secured Visa Card triggers a “hard” credit inquiry. A hard credit inquiry is usually done when a lender requests to view your credit report as a part of the loan application process. That request is recorded on your credit report as a “hard” inquiry, and it may or may not impact your credit score.

If you have no credit history, other factors such as debt to income ratio, ability to repay, etc. will be factored into approval or denial decision.

No, custodial accounts will not be eligible as the card can only be added on accounts where the primary member is age 18 or older.

Yes, but factors other than credit score will be considered for card approval, such as debt-to-income ratio, ability to repay, and other criteria.

Approval for the Secured Visa Card is based on the results of a hard credit inquiry, debt-to-income ratio, ability to repay, and other criteria.

The minimum amount is $200.


1Level Up - Up to $300 Bonus Terms and Conditions current as of 4.3.2023
From 1/1/2023 to 12/31/2023, PSECU is running a new member incentive bonus. To receive up to $300, new members must sign up with a promotional code and satisfy each of the requirements listed below. PSECU will deposit member incentive bonus into the Regular share within 45 days after the requirements are satisfied. Promotion open to U.S. Residents who are 18 years of age or older at the time the account is opened. Limit one (1) new member Level Up bonus per tax identification number used to open a new PSECU account. You will not be eligible for the Level Up bonus if you are a current PSECU member, have closed an account within the past 12 months, or have received a previous new member incentive bonus within the past 12 months. Members who open accounts and/or loans by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information, are not eligible to participate in this bonus offer. PSECU may adjust the deposited bonus or remove the deposited bonus at any time if PSECU suspects accounts and/or loans were opened by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information. $5 is required to open and maintain a Regular share account. This $5 share deposit is also required to be eligible to receive the $300, and the member must be in good standing as defined by PSECU's Bylaws Article II, Section 1. A $5 minimum share purchase will be made on behalf of the new member by PSECU. If the member account is closed within the first year of membership, the initial $5 share will be retained by PSECU. The Annual Percentage Yield on PSECU's Regular share account is 0.50%. This variable rate is current as of 2.1.23 and may change. Withdrawals and fees may reduce earnings on the account. The recipient of the bonus (up to $300) is solely responsible for payment of applicable taxes on that amount. If you have any questions, please seek the advice of a qualified tax professional. All decisions of PSECU regarding this promotion are final. PSECU may terminate or change the terms and conditions of this promotion without notice. Subject to all applicable federal, state, and local laws and regulations.

$100 Checking Bonus Requirements
You must be approved for savings and checking accounts, a PSECU debit card, and digital banking (online or mobile) account access and activate your debit card and log into digital banking within 30 days of establishing membership.

$100 Direct Deposit Set Up Bonus Requirements
You must meet the requirements of the $100 Checking Bonus and establish one or more qualifying payroll direct deposit(s) that together total $200 per calendar month, within 90 days of establishing membership. Qualifying payroll direct deposits are defined as paychecks, Social Security payments, and pension payments.

$100 Direct Deposit Bonus Requirements
You must meet the requirements of both the $100 Checking Bonus and $100 Direct Deposit Set Up Bonus and maintain the qualifying payroll direct deposit(s) for a minimum of 90 days after the first qualifying payroll direct deposit.