Build a foundation

We all have to start somewhere. Another option is our SunWest Secured Credit Card, which provides the perfect foundation you need to start building credit.

Features you can appreciate

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Secured Card

Credit follows us throughout our lives, and SunWest will help you design the framework to make sure it works for you, not against you. The strangest thing about credit is that you have to have it in order to get it.

Seems like a paradox, right? How do you build credit when you are expected to already have it? The answer is actually relatively simple. Start here. A Secured Credit Card allows you to build your score from the bottom up. There is no risk, because you “secure” the credit card limit with your own money.

Here's how it works:

1. You have $500

for the purposes of this example, let's say you have $500 in your savings.

2. We put that $500 on hold in your account

We put that $500 on hold in your account and give you a credit card that you can use for up to $500.

3. We remove the hold once the balance has been paid

Once you’ve built your credit up, pay off any remaining balance on your Secured Credit Card, and we remove the hold on your $500.

Sunwest secured card
features:

A Secured Credit Card is also the perfect tool for those rebuilding credit. Sometimes life throws a wrench in our plans, cracking our foundation. This can lead to bad credit, decreased savings, predatory lending and a cycle of unfavorable financial practices (never with us, of course). Take some of that stress off and start here by allowing yourself a comeback. Credit is always something that can be repaired and improved. A Secured Credit Card lets you add positive credit history back into your report, brick by monthly brick.

Build it up

Not everything in the world of finance has to be difficult. Let’s sledgehammer those walls together, so you can build yourself up without barriers.

Stress even less

Stress less about interest! With a low rate of 7.90% APR*, you'll be able to plan a more aggressive attack towards paying off your principal balance. Make purchases with peace of mind online or in person; your Mastercard® credit card is accepted at millions of locations worldwide.

Mobile wallet

All of our cards at SunWest can be added to Apple Pay, Google Pay, and Samsung Pay. Your wallet should be as smart as you!

Get a clean start

Our Essential fresh start checking account helps you take control of your finances so you can spend confidently knowing you have access to all the features you need, without the strings.

Get the most out of your secured credit card:

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Keep your secured credit card for a minimum of 12 months

Deposit as low as $500 for any of our terms. Tiptoe into this ocean without fear of shark-infested waters.

Never let your balance go higher than 30% of your limit

If your limit is $500, you don’t want your balance to go any higher than $150.

Make a monthly payment & always pay on time

An easy method is to use your 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 and allows enough time to report a payment to your credit.

Make money moves

Don’t let the fear of the big, bad credit monster keep you sidelined.

Get in the game with a Classic Mastercard® or a Secured Credit Card from SunWest Credit Union.

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secured credit card

Credit follows us throughout our lives, so it’s important to have the framework to make sure it works for you, not against you. Whether you’re rebuilding or establishing credit, our SunWest Secured Mastercard® gives you a strong foundation.

features you can appreciate

DIRECT DEPOSIT
overdraft protection
mobile banking
zelle + mobile wallet

build a foundation

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 SunWest Secured Mastercard® that gives you the access of a regular credit card + an added safety net to keep your credit healthy.

build it up

Let’s sledgehammer the barriers of credit together, so you can build yourself up.

stress even less

Swipe with peace of mind knowing your Mastercard® is accepted at millions of locations worldwide.

pay it down

With a low rate of 7.90% APR*, you'll be able to aggressively pay down your principal balance.

mobile wallet

Add your card to Apple Pay, Google Pay or Samsung Pay. Your wallet should be as smart as you!

get a clean start

No credit check for current members**, which saves you the ding of a credit inquiry.

how does a secured credit card work?

A SunWest Secured Mastercard® 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:

1

you have $500

For the purposes of this example, let's say you have $500 in your savings.

2

$500 goes on hold in your account

We put that $500 on hold in your account and give you a credit card that you can use for up to $500 for as long as you choose to keep the card open.

3

pay off + close your card

For the purposes of this example, let's say you have $500 in your savings.

3 major tips for using a secured credit card

It’s not enough to just get a 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.

keep your credit line open for a minimum of 12 months

It’s not all about the score. Credit history is important too. Not keeping it open for long enough can hinder progress.

keep your balance at 30% or less of your limit

If your limit is $500, try not to use more than $150. You don’t want to show that you’re reliant on credit.

make monthly payments + always pay on time

An easy method is to use your 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.

start me up

Don’t let the fear of the big, bad credit monster keep you sidelined. Get in the game with a SunWest Secured Mastercard®.

don’t sweat it

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.

secured credit card

credit builder

savings secured

cd secured

interest rate
7.90% variable rate
2% + current CD term dividend rate
2% + current Savings dividend rate
2% + current CD term dividend rate
available terms
revolving line of credit with no maturity date. closed anytime upon member request.
6 months

12 months

24 months
6 months

12 months

24 months
6 months

12 months

24 months

36 months

60 months
minimum deposit
$500
$0 deposit required
$500
$500
fees
interest
3 free withdrawals per month then $5 fee
penalties charged before maturity, closure required if balance falls below threshold
subject to early withdrawal penalties + taxes
payment
3% of your balance with a minimum dollar amount of $20
fixed monthly amount of about $85
fixed monthly amount
fixed monthly payment
best if...
...you want to be able to use up to your deposit amount whenever you need to with the convenient access of a card.
...you don’t have a large cash deposit. 
...you want funds to become available each month.
...you want a lump sum available once the term ends, want a longer term, or you want to use funds from an existing CD.

*APR = Annual Percentage Rate. See a representative for details.
**Please keep in mind we always pull credit for any new member as part of our identity verification process.

secured credit card

interest rate
7.90% variable rate
available terms
revolving line of credit with no maturity date. closed anytime upon member request.
minimum deposit
$500
fees
interest
payment
3% of your balance with a minimum dollar amount of $20
best if...
...you want to be able to use up to your deposit amount whenever you need to with the convenient access of a card.

credit builder

interest rate
2% + current CD term dividend rate
available terms
6 months
12 months
24 months
minimum deposit
$0 deposit required
fees
$25 + interest
payment
fixed monthly amount of about $85
best if...
...you don’t have a large cash deposit. 

savings secured

interest rate
2% + current Savings dividend rate
available terms
6 months

12 months

24 months
minimum deposit
$500
fees
interest
payment
fixed monthly amount
best if...
...you want funds to become available each month.

cd secured

interest rate
2% + current CD term dividend rate
available terms
6 months

12 months

24 months

36 months

60 months
minimum deposit
$500
fees
interest
payment
fixed monthly amount
best if...
...you want a lump sum available once the term ends, want a longer term, or you want to use funds from an existing CD.
how is my credit impacted if i cancel my card?
what do i do if my card expires?
can i get a cash advance from my credit card?
can i get a credit card same-day?
how do i get a new credit card if mine is lost?
can i use my credit card out of the country?
what’s the difference between a credit and debit card?
how can i dispute a charge on my credit card?
can i get the same credit card number reissued?