Our Secured Visa is a great tool for helping build or re-establish your credit history. To open, you must have a Salal savings account with funds equal to 110% of your credit limit, which we hold as collateral.
- No annual fee**
- 110% of credit limit required in Salal savings--earn dividends as you build or improve your credit rating
- Competitive fixed rate
- Free, secure, and simple account access. Track your spending, monitor your account, and make payments, online, 24/7.
- Available overdraft protection for your Salal checking account, up to your credit limit
How to apply:
Click the green Apply Now button
Visit any Salal branch.
Call us at 800.562.5515.
*All Salal loans are subject to credit approval.
**Variable Annual Percentage Rate (APR) between 9.99% to 13.49% for our Rewards card and 7.99% to 15.74% for our Classic card. APR is determined when you open your account and is based upon your creditworthiness. After that, your APR will vary with the market based on the Prime Rate. Initial APR of 13.25% for our Student Visa; however, your APR will vary with the market based on the Prime Rate. Fixed APR of 18% on our Secured card. Foreign Transaction Fee of 3% of each transaction in U.S. dollars for the Classic, Student and Secured cards, and a Foreign Transaction Fee of 1% of each transaction for the Rewards card. Information on all cards is current as of March1, 2012 and is subject to change without notice.