Who should apply for a VISA® Secured credit card?
Carolina Trust Federal Credit Union’s VISA® Secured card is a great way to build or re-establish your credit history. If you’ve experienced past credit problems or have no credit history, then you know it can be difficult to obtain a major credit card. And the credit cards that may be available typically offer high interest rates, making them costly to use. Our VISA® Secured card is available to anyone age 18 or older whose income is sufficient to make payments toward a credit card balance, regardless of prior credit history. Q: How can I build or re-establish my credit history with a VISA® Secured card? A: You can build a positive credit history by not exceeding your credit limit (the amount you pledged) and by paying at least the minimum amount due each month, on time. If you maintain an excellent payment history, you may eventually be eligible for a traditional Carolina Trust VISA® credit card*. *Eligibility requires the member to have at least a 12-month period in good credit stand
