UPDATED LOCATION HOURS
Be sure to check out our updated Friday Hours at Lathrop, Stephenson, and Rincon! Click here to learn more.
CLOSED FOR JUNETEENTH
All Georgia Heritage FCU Branches and Call Center will be closed on Wednesday, June 19th and will reopen on Thursday, June 20th.
Routing Number: 261271694
Scroll Up Scroll down
Home
Search
Call GHFCU
Hours
Find ATM
Sign-in to Your GHFCU Account

Secure Visa® Credit Cards vs. Visa® Credit Cards: Which Option is Best for You?

May 19, 2023

3
Secure vs. Visa® Credit Cards Which Option is Best for You

In today’s world, credit cards have become a universal means of payment. They are convenient, offer rewards, and can help build credit scores. However, not all credit cards are created equal, and it’s essential to understand the difference between secure and unsecured credit cards.

A Secure Visa® Credit Card is a credit card that requires collateral in the form of a deposit equaling the line of credit.

Core Benefits Georgia Heritage FCU Offers for Secure Visa® Credit Cards:

  • Low Annual Percentage Rate.
  • Flexibility and purchasing power.
  • Earn 1 point for every $1 spent in net retail purchases using your Georgia Heritage FCU Visa® credit card through the Choice Card Reward Program.

Additional restrictions apply, please visit our secured Visa® credit cards page or call us at (912) 236-4400 for more details.

On the other hand, Visa Credit Cards do not require a deposit equaling the credit limit. These credit cards are issued based on the cardholder’s creditworthiness, income, and other financial factors. The interest rate charged for these types of cards is based upon the applicant’s credit score.

Key Benefits Georgia Heritage FCU Offers for Visa® Credit Cards:

  • Competitive pricing.
  • Interest will not be charged on purchases if you pay your entire balance by the due date each month.
  • Earning 1 point for every $1 spent in net retail purchases using your Georgia Heritage FCU Visa® credit card through the Choice Card Reward Program.

Additional restrictions apply, please call us at (912) 236-4400 for more information.

Now let’s dive into the overall benefits of Secure Visa® Credit Cards vs. Visa® Credit Cards.

Building or Rebuilding Credit

If you are new to credit or trying to rebuild your credit after financial setbacks, a secure credit card is an excellent option! Secured Visa® Credit Cards report to the credit bureaus, just like regular Visa® Credit Cards, and can help you build or rebuild your credit score. Since you provide collateral in the form of a deposit, the issuer of the secured card is taking less risk. This makes it easier to get approved for a Secure Visa® Credit Card compared to a regular Visa® Credit Card.

Lower Interest Rates

Secure Visa® Credit Cards often come with lower interest rates than regular Visa® Credit Cards. Since secured credit cards have collateral to fall back on, issuers are more likely to offer lower interest rates to encourage cardholders to make purchases and carry a balance.

Both Secure Visa® Credit Cards and Visa® Credit Cards have their benefits, now the question is just deciding which is best for your needs! At Georgia Heritage Federal Credit Union, we offer BOTH types. Contact us today to learn more about how we can help you make the most of your finances.

Become a Member of GHFCU

Anyone who lives, works, worships, or attends school in Chatham, Effingham, or Bryan counties in Georgia and their immediate family members may gain membership to the Credit Union.

Apply Now

Check Out Our Other Posts

You are now leaving Georgia Heritage Federal Credit Union

Georgia Heritage Federal Credit Union provides links to websites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you visit another website not maintained by Georgia Heritage Federal Credit Union, you are subject to the terms and conditions of that website, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL

Skip to content