Your Path to Better Credit
If you’ve struggled with your credit, a Share-Secured Visa credit card from Cyprus Credit Union is a great way to start building credit or rebuild your credit history. Enjoy competitive low rates, no annual fee, and easy access to funds. This card is backed by funds deposited by you into your Share Savings account—the amount you deposit becomes your credit card limit!
Best For Financial Goal
Lorem ipsum dolor sit amet consectetur adipisicing elit. Animi culpa corporis facere atque, quaerat ullam odit. Ipsa ut itaque aliquam placeat repellendus, adipisci ab autem fugiat beatae consectetur, doloremque nam accusantium rerum esse eaque. Modi ipsum doloribus iusto aliquam consequatur.
Best for [persona/stage]
Lorem ipsum dolor sit amet consectetur adipisicing elit. Et commodi placeat beatae, doloribus maxime laboriosam facere at quia rem rerum.
Best for [persona/stage]
Lorem ipsum dolor sit amet consectetur adipisicing elit. Et commodi placeat beatae, doloribus maxime laboriosam facere at quia rem rerum.
Best for [persona/stage]
Lorem ipsum dolor sit amet consectetur adipisicing elit. Et commodi placeat beatae, doloribus maxime laboriosam facere at quia rem rerum.
Benefits of a Share-Secured Credit Card
There are many opportunities you can unlock with a Share-Secured Visa credit card from Cyprus Credit Union. Apply for a new card today and get some great benefits.
Flexible Credit Limits
Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis.
No Fees
A Cyprus CU Share-Secured Visa credit card has no annual fees, no transaction fees, no balance transfer fees, and no minimum finance charges.
Perks for Safe Travel
Get peace of mind when traveling with auto rental collision coverage, roadside dispatch, and emergency card/cash disbursement.
Spend Hassle-Free
Credit Card Rates
Applications are subject to credit approval. Your rate and credit limit will be determined by individual credit worthiness including income, debt ratio, employment, and credit history. Verification of income may be required. View the Visa Credit Card Application Disclosures HERE.
Make the Most of Your Secured Credit Card
Your secured credit card works like a traditional credit card and can impact your credit score. With responsible use, you can boost your credit scores over time. Here’s how to get the most benefit out of your card.
Make on-time payments
Making on-time payments shows lenders you’re reliable. Late payments negatively impact your score.
Monitor your credit usage
A good rule of thumb is to use no more than 30% of the total credit available to you at any given time, including credit you may have from other financial institutions. This will help promote a healthy credit score.
Monitor your credit usage
A good rule of thumb is to use no more than 30% of the total credit available to you at any given time, including credit you may have from other financial institutions. This will help promote a healthy credit score.
Manage Your Cards in Home & Mobile Banking
Sign up for Home Banking and download the Cyprus CU Mobile Banking app to access Card Controls, which lets you set up your cards according to your goals, including:
- Enabling or disabling cards
- Setting transaction limits
- Setting up your digital card
- Creating account alerts
- And more!
Compare All Our Credit Cards
Lorem ipsum dolor sit amet consectetur adipisicing elit. Animi culpa corporis facere atque, quaerat ullam odit. Ipsa ut itaque aliquam placeat repellendus, adipisci ab autem fugiat beatae consectetur, doloremque nam accusantium rerum esse eaque. Modi ipsum doloribus iusto aliquam consequatur.
Low-Rate Visa
Save on interest and pay down debt quicker with a low-rate card that’s ideal if you need a daily card or want to transfer balances.
Cash Back Visa
Earn 1.5% cash back on all purchases and balance transfers, with all earnings automatically transferred into your savings account.
Rewards Visa
Earn one point for every dollar spent and redeem rewards like travel perks, gift cards, premium brands, and more.
Share-Secured Visa FAQs
What is a secured credit card?
A secured credit card is a revolving line of credit that uses a deposit by the cardholder as its credit limit. It works like an unsecured credit card and helps build credit by reporting to the major credit bureaus.
Why should I get a secured credit card?
A secured credit card is ideal for those with low credit scores or a limited credit history. Finding the best secured credit card for your needs will help you build credit from scratch or rebuild after a big drop in your scores.
What are the benefits of a secured credit card?
Secured credit cards are often easier to qualify for since you don’t need perfect credit to apply. Your credit limit is also tied to your deposit, so you can control your spending and build credit with a limit that works for you.
How does a secured card work to build credit?
Through responsible use, a secured credit card can help build your credit as it shows the credit bureaus you can handle a credit account. As long as you pay your balance in full every month and keep your usage low, your credit may improve over time. And with an improved score, you can qualify for unsecured credit cards with higher credit limits and additional perks.
Can I turn a secured credit card into an unsecured credit card?
After building up credit and using the card responsibly, you can apply for an unsecured credit card with higher credit limits and additional rewards.
Take Control of Your Credit Today!
Apply for a new secured credit card from Cyprus Credit Union and start safeguarding your financial future. Need help finding the right credit card? You can also call our Lending Team at 801-260-7700 or visit any of our branch locations.
