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Digital Federal Credit Union (DCU) Reviews and Rates – DCU Secured Visa & Benefiting From It

If you have bad credit, applying for a credit card from a credit union could be a good option for increased credit card approval options. Credit unions usually do not have strict membership terms and almost anyone can apply to one. You just have to apply for membership and follow all guidelines to receive a credit score rebuilding credit limit and credit card.

One such credit union that applicants with bad credit can easily apply for is the Digital Federal Credit Union. The half-a-million membership strong Digital Federal Credit Union offers the DCU Secured Visa Credit Card to its member base. It is also available to those who apply with bad credit and who are willing to become members. I will tell you a bit about the Digital Federal Credit Union, go in depth on the DCU Secured Visa credit card and what benefits it can offer to applicants with bad credit.

The DCU Secured Card Is Good For Your Credit

The DCU secured card is great for your credit, and it will help you make purchases with more spending power than normal. There are some people who will want to make purchases with this card every day so that they can help their credit improve, and they might continue to use this card because they want to upgrade to another card in the future. You could use this card to repair your credit without making any purchases, or you might choose to use the card to get the rewards that it offers.

What Is The Digital Federal Credit Union?

The Digital Federal Credit Union is a financial credit union cooperative and non-profit organization. The Digital Federal Credit Union is based in Marlborough, Massachusetts and has headquartered offices in the state of Georgia as well. The Digital Federal Credit Union boasts a 470,000 strong, and counting, membership roster within the United States. The Digital Federal Credit Union is collectively operated, owned and maintained by its member base. Over 800 membership authorized companies, businesses and organizations use the Digital Federal Credit Union to take advantage of financial-related services that the Digital Federal Credit Union collectives offer its broad membership base. The Digital Federal Credit Union offers its members such as financial and credit-related services like automobile loans, credit card offers, home equity loans, personal loans and mortgage loans, among other services.

Becoming A Member Of DCU

The Digital Federal Credit Union has over $4.3 billion dollars in assets and almost two dozen branches. The only way to take advantage of such financial services and benefits, or to apply for the DCU Secured Visa Credit Card, is to become a member of the Digital Federal Credit Union. There are multiple ways to become a member of the Digital Federal Credit Union. If your place of employment is affiliated with the Digital Federal Credit Union, you can apply that way. If you are related to someone who is a member of the Digital Federal Credit Union, you can apply a legacy member as well. You can apply if you are a member of Digital Federal Credit Union affiliated residential communities in Massachusetts and Georgia. The Digital Federal Credit Union is a very charity-minded organization that is dedicated to sponsoring worthy causes. You can become a member by donating money to any Digital Federal Credit Union affiliated or sponsored charities.

DCU Secured Visa Credit Card

The DCU Secured Visa Credit Card accepts applicants with bad credit scores. It is a secured credit card, so your available credit limit amount will be commensurate with the amount of money that you pay as the security deposit. A security deposit of at least $500 is needed to activate the credit line for a DCU Secured Visa Credit Card. The DCU Secured Visa Credit Card is a great way to slowly rebuild your credit score. Your purchase history and charge usage of this card will be reported to all three of the credit score issuing and monitoring bureaus, Experian, Equifax, and Transunion. Further, with the continued and responsible use of this credit card, your original security deposit could be refunded in full to you. The DCU Secured Visa Credit Card has several benefits and features designed to help applicants with bad credit to improve their credit scores.

  • $0 annual fee
  • Easy approval for most applicants with poor credit who become Digital Federal Credit Union Members
  • You could be approved for the DCU Secured Visa Credit Card with a FICO 300 credit score
  • 12.50% APR, which is very low and quite competitive when compared to other secured credit cards
  • $0 foreign transaction penalty fees
  • $0 to 3% applicable fee for balance transfers, which is very low compared to other credit cards
  • Your initial credit limit activating security deposit will accrue interest in a savings account, just as long as your account remains active
  • 1.1% cash back rewards benefits for most charge purposes
  • No cash back reward benefits blackout dates
  • No limits applied to an applicable number of cash back reward s benefits you can earn
  • You can redeem cash back reward points for free gifts, entertainment experiences, automobile and airline travel, charitable donations and many other opportunities
  • If you buy your airline tickets with this credit card, you could qualify for $500,000 in complimentary travel insurance benefits

With continued, responsible financial usage of the DCU Secured Visa Credit Card, your secured credit card will eventually be upgraded to an unsecured credit card. At such a time, and minus any outstanding balance that you may accrue, your initial credit limit activating security deposit will be refunded to you in full. If you have bad credit, applying for membership benefits with the Digital Federal Credit Union can be a great way to rebuild and improve your credit score.

What Should I Look Out For Using This Card? 

You need to know that most people who are investing in their credit will use this card every day. They want to have some solid credit rolling every day, and they also want to come up with a card that will be best for them. There are some people who will want to get this card, and there are a lot of people who will get this card for emergencies.

Do I Need Good Credit To Apply For This Card?

You do not need good credit to apply for this card, and you have to remember that you can apply at any time. You do not need to worry about your credit because the card will be approved. You might have a low spending limit, to begin with, and you also need to remember that you could get this card and upgrade. You also need to remember that this card can change spending limits if you keep it in good standing.

Why Is Secured Credit Good For Your Credit?Image result for working on rebuilding credit with a secured card

Secured credit is good for your credit report because it looks like a home loan on your credit. These cards are very powerful, and they are helpful because you too can rebuild your credit quickly. You will notice that you could apply for the card right now, and you will get secured credit that almost instantly makes your credit score rise. You simply need to remember that you can start here and expand in the future.

The Rewards 

You can get some rewards from the card because they will be very easy for you to redeem. You could get cash back onto your statement balance, and you will begin to see that the rewards are growing if you are spending every day. Someone who wants to get rewards could use the gift cards that are offered as rewards, or you might seek out some rewards that are much like the airline miles cards or hotel points card that you are used to. Each of these different cards could be more helpful to you, and you must ask the company if they can give you special rewards that are perfect for you. You can use the cards anywhere in the world, and you will find that they give you all the purchasing power that you need. You get the logo on the card that you need so that you can buy anywhere you want, and you could call the Visa service center to get the concierge service that you need.

Conclusion 

You must get a card that will help you receive something for all the things that you have purchased, and you can build your credit easily because this is a secured Visa card. You must ask for the card online right away, or you can use the card when you need to have something for emergencies. Check out all your options online, and upgrade the card when you have had it in good standing for some time. You can completely change your spending habits, and you will have an improved credit score.