Union Bank Secured Visa Card Review

By Kris Majaski. Last updated 20 February 2019. 0 comments

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The Union Bank Secured Visa Card is designed for those who have had credit problems in the past, have no credit, or want to increase their credit rating. In exchange for a security deposit, you receive a credit card with reasonable annual fee and an opportunity to transfer to an unsecured credit card after managing your card account responsibly for at least 15 months. If you are in the process of building or rebuilding your credit, secured cards such as the Union Bank Secured Visa Card may be the best way to do get started along your journey to a positive credit rating. (See our picks for best secured credit cards

How This Card Works

In order to apply for the card you must have a valid Social Security Number or Tax ID number, but U.S. citizenship is not required. When you make your deposit of $300 to $5,000, you receive a credit card with a limit equal to the deposit. After you have paid your security deposit, you are able to use your card as you would any credit card, and are responsible for making the payments for your card. Your payments are reported to the three major credit bureaus, which through time and responsible management of your account, can result in improving your credit score.

Other Benefits

The card includes protection for your purchases which covers the cost of replacing or repairing of purchases made with the card, as well as extended warranty. Roadside assistance and auto rental collision damage insurance are also included.


  • $25 Annual Fee
  • 21.24% Variable APR
  • 3% Foreign Transaction Fee


High APR. If you do plan on carrying a balance, you might want to look at secured cards with a lower APR.

Foreign transaction fee. If you don't travel outside of the United States frequently or use your card for foreign purchases, the foreign transaction fee isn't an issue. However, if you do, the 3% fee could end up being costly. Look for secured cards with no foreign transaction fee.

Who This Card Is Best For

The Union Bank Secured Visa Card is best for those who are in the process of building or rebuilding their credit and plan on paying balances in full each month. 

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