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Secured Visa Platinum

Build your credit history with an Alaska USA Secured Visa Card. It works like a regular credit card, but it's backed by funds on deposit in your Alaska USA savings account.

When you carry an Alaska USA Secured Visa Card, you get platinum-level benefits, including ScoreCard™ points redeemable for merchandise and travel. There's a minimum of $500 you need to keep on deposit, but that also qualifies you for an Alaska USA Relationship Checking account with no monthly maintenance fees.

And if you have an Alaska USA checking account, the typical $50 annual Visa card fee is also waived.

Apply for the Secured Visa today and begin building a positive credit history!

Account Terms:
  • Normally, a member in good standing may be granted a Secured Visa credit card in an amount equal to the amount of share savings placed on hold with a minimum limit of $500.
  • Grace Period for Purchases: 20 days to repay balance for purchases before being charged a finance charge.
  • Balance Calculation Method for Purchases: Average daily balance (including new transactions).
  • Minimum Finance Charge: None.
  • Transaction Fee for Cash Advances: 2 percent of the cash advance amount ($10 maximum).
  • Late Payment Fee: 5 percent of minimum payment due ($1 minimum).
  • Over-the-Credit-Limit Fee: $20
  • Monthly Payments: 3 percent of the balance outstanding ($15 minimum).
(Disclosure effective October 1, 2005.)
For more information, call the Member Service Center in Anchorage at 563-4567 or toll-free at 1-800-525-9094.

The intent of this program is to provide credit cards to members who would not otherwise qualify for an unsecured credit card because of insufficient credit experience or poor past credit history.  Approval of secured credit card requests requires a completed credit card application and no evidence or indication of current or future credit problems. Additionally, members who have caused the credit union to suffer a financial loss will not be eligible for this program.

Establishment of unsecured credit card credit limits may be considered after two years' satisfactory performance on a secured basis.  Approval of such unsecured limits requires loan officer review of a current application and underwriting consistent with usual standards.
 

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