UNITY Visa Secured Credit Card review | finder.com

UNITY Visa® Secured Credit Card review — November 2018

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Establish or rebuild your credit with this simple, low-annual-fee card.

30-second take

  • Get this card if you have no credit history or if you have bad credit score.
  • Pick something else if you want a card without annual fee.
  • Apply with no credit history or with poor credit score.
Product NameUNITY Visa® Secured Credit Card
Card TypeVisa
Annual Fee$39
APR (Annual Percentage Rate) for Purchases17.99% fixed
Introductory Balance Transfer APR 9.95% for the first 6 months (then 17.99% fixed)
Balance Transfer Fee$10 or 3% of the transaction, whichever is greater
Cash Advance Rate17.99% fixed
Foreign Transaction Fee2% of the transaction value
Cash Advance Fee$10 or 3% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment Fee$10
Returned Payment Fee$25
Additional Cardholder Fee$10
Minimum Age18 years of age

The basics

The UNITY Visa® Secured Credit Card reports to all three major credit bureaus, which can help you build your credit if you use your card responsibly. In addition, you have full control of your credit line since it’s equal to the amount you deposit. Compared to other secured cards, it also comes with a high maximum credit line.

Furthermore, the card comes with lower fees when compared to other secured cards, including a lower foreign transaction fee, late payment fee and returned payment fee. Plus, you get an intro APR period on balance transfers.

The perks

  • Build your credit.

    The card reports to all three major credit bureaus — TransUnion, Experian and Equifax. With responsible use, you’ll build your credit and eventually be able to apply for a better, unsecured card.

  • No minimum credit score to apply.

    You can apply with a credit score of 300 or with no credit history at all.

  • High credit line.

    Your credit line is determined by the amount you deposit. For this card, you can deposit from $250 up to $10,000. Most secured cards offer a maximum credit line of up to $3,000 or $5,000.

You’ll also like …

  • Quick application process.

    The application is quick, easy and online, and there’s no application fee.

  • Intro APR on balance transfers.

    Get a 9.95% intro APR period on balance transfers for six months following your account opening. After that, a fixed APR of 17.95% will apply. Most secured cards have no balance transfer option.

  • Secure.

    Your security deposit is FDIC insured.

  • Visa card.

    Enjoy the freedom of a secured card that’s accepted worldwide.

What to watch out for

  • Annual fee.

    You’ll have to pay an annual fee of $39 to own the card.

  • Foreign transaction fee.

    For each transaction you make when traveling abroad, you’ll incur a fee of 2% of the transaction. Most secured cards have a foreign transaction fee of 3%.

  • Other fees.

    For late payments, you’ll pay a $10 fee and for returned payments a $25 fee.

  • Loss of intro APR on balance transfers.

    If you’re late on paying your bill by more than 60 days, you may lose your intro APR period on balance transfers.

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Consider other cards if …

Compare secured cards

Name Product Filter values APR (Annual Percentage Rate) for Purchases Annual Fee Interest Free Period
19.39% variable
$35
Up to 25 days
A secured Visa® credit card that helps you build your credit quickly.
9.99% fixed
$49
Up to 25 days
Low fixed interest rates with no penalty rate.
10.49% variable
$49
Up to 25 days
9.99% fixed
$48
This secured card can help you rebuild your credit with an initial deposit of $200 to $1,000.
20.49% variable
$29
Up to 25 days
17.99% fixed
$39
Up to 25 days
Borrow up to $10,000 and get your credit score back on track.
14.49% variable
$39
Up to 25 days
26.49% variable
$0
Up to 25 days
13.99% fixed
$39
Up to 25 days
Have little or poor credit? The primor® Secured Mastercard® Classic has no minimum credit score requirements and no processing or application fees to worry about.
9.99% fixed
$49
Up to 25 days
Fast, easy application process. No processing or application fees!
13.99% fixed
$39
Up to 25 days
Credit lines available from $200 to $5,000! You decide where you want to start and open your Personal Savings Deposit Account to secure your line.

Compare up to 4 providers

What should I know before I apply?

Apply for the card if you’re at least 18 years old and you’re a permanent resident of the US.

To fill out the application form, you’ll need the following information:

    • Full name and contact information.
    • Amount of your deposit and deposit information.
    • Social Security Number and date of birth.
    • Employment status and financial information.

    What credit score do I need?

    You can apply with no credit history or with a bad credit score. If you have a bankruptcy that isn’t discharged, you can’t apply for the card.

    What do customers say about the UNITY Visa® Secured Credit Card?

    Most customers complain about poor customer support. Some claim they can’t make online payments through the card’s website and because of that, they have numerous late payments.

    Others claim they easily make on-time payments with their bank’s bill pay service. The bank has the additional option to use Speedpay by Western Union.

    The Better Business Bureau (BBB) has not yet rated OneUnited Bank, but it rated them F. This rating is mostly because of its failure to respond to or resolve user complaints on the BBB website.

    How to apply for the UNITY Visa® Secured Credit Card

    1. Go to OneUnited Bank’s website and sign up to begin the process.
    2. Enter your personal information and deposit information. Your deposit will equal your credit limit, with a minimum of $250 and a maximum of $10,000.
    3. Review your application and submit it.

    How long will it take to get my UNITY Visa® Secured Credit Card?

    OneUnited Bank usually makes a decision in a few minutes. If additional information is required, you’ll be notified.

    Upon approval, your card should arrive within 7 to 10 business days.

    I got the card, now what?

    • Download the OneUnited Bank Mobile Banking app. With the app, you can transfer money, pay bills, find ATMs or branches near you and more.
    • Avoid interest. Pay your balance in full each month. If you make payments in increments, make at least the minimum payment by the due date each month. The payment due date will be on the same day every month.
    • Graduate to an unsecured card. You won’t get a direct path to an unsecured card. However, once you start making timely payments you’ll raise your credit score. You can then apply for an unsecured card.
    • Customer service. You can reach customer support by filling out an online form or by calling 1-877-663-8648.

    Bottom line

    If you’re looking for a credit card that can help you rebuild and strengthen your credit, the UNITY Visa® Secured Credit Card could be a helpful solution. You’ll get to have low fees when compared to other secured cards and you’ll get an intro APR period on balance transfers.

    Before choosing a card, be sure to compare it with other secured cards to choose the right one for building your credit.

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    Frequently asked questions

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    Megan Horner

    As the assistant publisher of credit cards at finder.com, Megan is passionate about helping you compare and find the best credit cards for your situation, whether that is earning great rewards or improving your credit score. In her previous position, Megan worked as an assigning editor at Credit Karma, where she focused on editing and publishing educational articles on credit cards. Megan started her career as a writer at a comparison website, so she has a longstanding background in surfacing the best deals and helping people make decisions. In her spare time, Megan likes to hike, camp, surf, and read.

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