Contents
Card Stats:
Minimum Security Deposit: Unknown
Maximum Security Deposit: Unknown
Interest Rate: 17.99% fixed
Introductory Interest Rate: None
Grace Period: 25 days
Foreign Transaction Fees:
Annual Fees: $39
Application Fees: None
Rewards Program: None
Signing Promotion: None
Interest Earned on Security Deposit: Unknown
Other Features:
Editor’s Review
This review was provided by William Charles, editor of Doctor of Credit.
[Intro goes here]
Annual Fees
This card comes with an annual fee of $39, which is extremely high for a secured card.
APRs
This card has a fixed APR of 17.99%, this is advertised as one of the best features of the card and is even compared to other secured cards on the market. Unfortunately they don’t list some of the better secured cards which have APRs under 10%.
Rewards Program
This card does not come with a rewards program. Click here to view a full list of secured cards that DO come with a rewards program.
Credit Reporting
Like all other existing secured credit cards, this card reports to all three of the nationwide credit bureaus.
Adding Funds
It’s possible to add funds to this card to increase your credit limit, but you have to pay a $10 fee. We’re unsure if they do a hard or soft pull to add these funds.
Upgrading To An Unsecured Card
We’re unsure if this card unsecures to a regular credit card or not. We’ve sent them numerous correspondence to find out. We also can’t find any non-secured products on the Unity website.
Approval
We’re unsure of anybody who has actually applied for this card so we don’t know if they accept people with bankruptcies on file or not.
Final Verdict
This is a terrible secured card. It has a high annual fee and no rewards program, you have to pay money to increase your credit limit and there is no mention of this card graduation to an unsecured card. There are plenty of better options out there for those looking to rebuild their credit.
[Read: Our guide to the best secured credit cards currently on the market]
Still want to apply? Use the link found below.
