Secured Visa Classic

Unique credit-building and rebuilding card with features you won’t find anywhere else.

Introducing a new credit building opportunity! The Patelco secured Visa Classic card can help you obtain and improve your credit, even if you’re not able to qualify for other credit cards. Spend responsibly, keep up with your minimum monthly payments, and strengthen you credit!

  • Variable rates as low as 15.15% APR1
  • No setup or annual fees
  • No balance transfer fees
  • Competitive rate
  • Required collateral only 100% of the credit limit
  • Competitive credit limit between $300 - $3,000
  • Earn interest on funds deposited in a savings account to secure your card
  • Be rewarded with higher limits or graduate to an unsecured card

Apply Now  View Full Terms & Conditions >


How it Works

  • Apply for a Patelco Secured Visa Classic, and on approval, your initial limit will be between $300-$3,000
  • You pay no setup or annual fees, saving you money you might pay for a card with other financial institutions
  • You secure your credit limit with an interest-bearing savings account equal to 100% of your approved credit line – not the 120% often required by other financial institutions
  • Once open, you can use your card and make your monthly payments just as you would with any other credit card
  • You can opt to use your secured credit card for overdraft protection from your Patelco checking account
  • After 12 months, if your account remains in good standing, you can request a limit increase without adding more money to your collateral savings account – up to a $1,500 increase
  • After 24 months, you could even qualify for an unsecured card, such as our Visa Platinum!
Apply Now

More features and benefits of Patelco Credit Cards

  • 30,000+ free ATMs nationwide
    Conveniently use the ATMs at other credit unions and at Costco, 7-Eleven, and Bank of the West.
  • Most accepted card worldwide
    Use your Visa to pay for purchases in more than 170 countries and at millions of merchants.
  • 5,000+ Shared CU branches
    No matter where you are, you can visit other credit union branches to do your in-person Patelco banking.
  • Free Online Banking
    Check balances, transfer funds, do a balance transfer and set up an Account Charge Alert to prevent fraud.
  • Unlimited Online Bill Pay
    Set up one-time or automatically recurring payments.
  • Free Mobile Banking
    Just about all our Online Banking features are available through your phone or Mobile apps.
  • Free Credit Report
    Know where you stand, check your credit report annually with a Free Credit Report.
  • Free eStatements
    Receive your statement earlier without wasting paper.
  • BALANCE: Credit Education and Services
    Get help with credit problems or questions with BALANCE: Credit Education and Services.
  • Identity Theft Protection
    Protect your identity and get peace of mind. ID Theft Protection plans start at just $24.95 per year for individuals.
  1. Variable APR as of 06/18/2013. Rate adjusts monthly and equals prime rate for previous month plus a margin range based on credit worthiness. Applies to Purchases and Balance Transfers.

Terms & Conditions for Patelco Credit Union's Secured Visa Classic Credit Card

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases 15.15% This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers 15.15% This APR will vary with the market based on the Prime Rate.
APR for Cash Advances 17.15% This APR will vary with the market based on the Prime Rate.
Penalty APR and When it Applies None
How to Avoid Paying Interest Your due date is at least 25 days after the close of each billing cycle. We will not charge interest on purchases and balance transfers if you pay your entire balance by the due date each month. We will begin charging interest on cash advances on the transaction date.
Minimum Interest Charge None
For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at
Annual Fee None
Transaction Fees
Balance Transfer Fee None
Cash Advance Fee Either $2.50 or 2.5% of each transaction, whichever is greater (maximum fee: $75).
Foreign Transaction Fee 1% of each transaction in U.S. dollars if initiated or processed in foreign currencies or countries (this fee is in addition to other applicable fees such as cash advance fees).
Penalty Fees
Late Payment Fee Up to $15 if payment is 15 or more days late.
Over-the-Credit Limit None
Returned Payment None

All Patelco Credit Union credit cards require consent to recovery of delinquent balances from Credit Union shares.

How We Will Calculate Your Balance:
We use a method called “average daily balance (including new purchases).” See your account agreement for more details.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

How We Will Calculate Your Variable APRs: After the introductory promotional period, We will add a “Margin” to an “Index Rate” to determine your variable interest rate. For each billing period the Index Rate we will use will be equal to the Prime Rate reported in the Federal Reserve Bulletin on the first day of the month preceding the month in which the rate will take effect.

The Index Rate as of 2/21/2014 is 3.25 percentage points.

The “Margin” for purchases and balance transfers will be 11.90 percentage points for Secured Visa Classic.

The “Margin” for cash advances will be 13.90 percentage points for Secured Visa Classic.

APR=Annual Percentage Rate. Changes to the APRs: APRs may adjust upon legally required notice to the cardholder.

Information last updated on 7/01/2015.