The strangest thing about credit is that you have to have it in order to get it. If your head is spinning, don’t fret just yet.
You can easily build your credit profile with a Mastercard® secured credit card from SunWest Credit Union that gives you the access of a regular credit card + an added safety net to keep your credit healthy.
Let’s sledgehammer the barriers of credit together, so you can build yourself up.
Swipe with peace of mind knowing your Mastercard® is accepted at millions of locations worldwide.
With a low rate of 7.90% APR*, you'll be able to aggressively pay down your principal balance.
Add your card to Apple Pay, Google Pay or Samsung Pay. Your wallet should be as smart as you!
No credit check for current members**, which saves you the ding of a credit inquiry.
A Mastercard® secured credit card from SunWest Credit Union is secured by your own funds. This means that you’re instantly approved so long as you have the funds, because you’re removing a big risk from the credit equation.
It’s still important to make your payments on time, but your account will never be charged off as a collection and damage your credit report, because those funds you used to secure your limit will be transferred to pay off the balance. Check out the 1-2-3 process below:
It’s not enough to just get a secured credit card and keep it in your wallet, never using it. Credit is built by you proving that you can handle having it, using it, and paying it back.
It’s not all about the score. Credit history is important too. Not keeping it open for long enough can hinder progress.
If your limit is $500, try not to use more than $150. You don’t want to show that you’re reliant on credit.
An easy method is to use your secured credit card for the same thing every month and then pay the balance off as soon as you get your bill. This keeps you from paying interest + allows enough time to report a payment to your credit.
Don’t let the fear of the big, bad credit monster keep you sidelined. Get in the game with a Mastercard® secured credit card from SunWest Credit Union.
Building credit can seem overwhelming, but you have to start somewhere, and you’ve got options at SunWest Credit Union. Take a look at the chart below to compare secured options.