University Share Secured Credit Card
Create, build, and improve your credit history with a share secured credit card from University Credit Union, and be prepared for major life events.
University Share Secured Credit Card benefits:
- Competitive fixed annual percentage rate (APR)
- No annual or foreign transaction fees*
- No over the limit fees
- Credit score growth with regular, on-time payments
- Savings deposits continue to earn interest while being used as collateral
Building or rebuilding your credit score made easy!
Rate type | APR1 as low as | Annual fee | Best for |
---|---|---|---|
Fixed | - | $0 | Individuals who are trying to build or rebuild their credit. |
Frequently asked questions
- How does a share secured credit card from University Credit Union work? Click On How does a share secured credit card from University Credit Union work? A share secured credit card is backed by the deposits in your savings account. Your credit limit will depend on that amount. University Credit Union credit card rates are very competitive.
- Can I withdraw my savings if I have a share secured credit card from University Credit Union? Click On Can I withdraw my savings if I have a share secured credit card from University Credit Union? Your University Credit Union Savings Account deposits are used as collateral for your share secured credit card. You can only access savings in excess of your credit limit, while the amount securing your card will continue to earn interest.
- How does a share-secured credit card from University Credit Union improve my credit? Click On How does a share-secured credit card from University Credit Union improve my credit? Using your University Share Secured Credit Card carefully can help you build new credit or improve low credit scores. Try to only use about 30% of your available balance and make certain that you pay each bill promptly for positive credit reporting. You can track your progress with our Credit Journey tool.
- How do I increase my share secured credit card limit with University Credit Union? Click On How do I increase my share secured credit card limit with University Credit Union? If you make more deposits into your savings account, you can contact us and ask to have your University Share Secured Credit Card limit increased to reflect your extra collateral.
- Can I have more than one credit card from University Credit Union at a time? Click On Can I have more than one credit card from University Credit Union at a time?
You can apply for multiple credit cards from University Credit Union. Just make sure you use your cards wisely and keep your credit card debt at a level you can easily pay off each month.
Resources from University Credit Union
Learning center
Financial wellness
Score enhancement
University Credit Union offers membership to employees, students and alumni of UCLA, Pepperdine University, Loyola Marymount University, Santa Clara University, Saint Mary's College, UC Irvine, UC Davis, UC San Diego, Georgia Tech, University of Texas at Arlington, Mount St. Mary's University, Chabot College and Las Positas College, West Coast Conference Universities, The Big West Universities, Western Athletic Conference Universities, Southland Conference Universities, and other universities throughout California. UCU offers a variety of products and services including checking accounts, credit cards, home mortgages, auto loans, personal loans, commercial loans, insurance, investments, as well as digital banking.
*UCU does not charge any annual fee for the University Share Secured Credit Card. The University Share Secure Credit Card has a fee of 2% of the amount of each cash advance (or a minimum of $3, whichever is greater). Penalty fees: Late payments are $10 each and return payments are $20 each. There are no over the credit limit fees. Rates are subject to change without notice. Loan issued subject to credit review.
1 APR = Annual Percentage Rate
2 APY = Annual Percentage Yield. To earn up to 5.00% APY, member must have a qualifying University Checking Account. Based on a combined rate of 4.88%. Credit card must be active, have at least one monthly transaction (excludes balance transfers and cash advances), and be enrolled in credit card eStatements to qualify for the extra 1.00% APY in dividends. Account does not earn dividends if there is a $0 balance in a HELOC at the end of the month. All accounts must be in good standing with no delinquency or bankruptcy pending. Multiple loans in the same category count for only 1.00% APY in dividends.
Qualifying University Checking Accounts will earn 1.00% APY in dividends on balances up to $25,000. Balances above $25,000 will be paid at the regular checking rate. Qualifying University Checking Accounts are defined as having at least 25 transactions per month (includes transactions made with both debit and credit cards) and enrollment in eStatements. If the requirements are not met, then no dividend is earned. Secondary University Checking Accounts not eligible to earn APY. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account at the end of each day. Dividends are disbursed monthly into the active University Checking Account. APY is accurate as of the last dividend declaration date. Fees could reduce the earnings on the account. Rate subject to change after account opening and may vary based on qualifications met at month end. Not valid with any other offers. To establish a UCU Membership, you must deposit at least $5 to a Regular (Share) Savings Account. A $50 minimum deposit is required to open a University Checking Account. All accounts are subject to approval. Contact UCU for complete details. Federally insured by NCUA.