DCU Platinum Secured card - is it a perfect one?
no annual fee
- no annual fee, however, if you are not eligible with a family connection or employment, you can count a $10-$15 donation required to join as an annual fee
- $500 minimum deposit
- you need to donate to one of partner charities (Reach Out to Schools seems to be the cheapest $10 option) if you are not eligible via employment or family connections
One of the best secured options around.
There is a little bit of a hassle to apply if you are not automatically eligible, but a small charity donation will help to sort it out. Otherwise, the card is the best - low 12% APR, no annual fee and grace period - it is all you need with a secured card. And yes, it reports to major credit bureaus, so your credit score will improve if you use it wisely.
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