DCU Platinum Secured card - is it a perfect one?

back DCU Platinum Secured

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intro purchase APR no intro offer	regular APR12.00% (V)
intro BT APR n/a	no BT fee

bad credit / no credit required

Terms and Conditions

Editors Review

Pros

• 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 

Cons

• $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

Verdict

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.