The Share-Secured Mastercard is great for Members looking to establish credit or recover from economic challenges.
An application and credit qualifying is not required for Share-Secured limits of $500 to $2,500. For credit limits greater than $2,500, an application and credit qualifying is required.
Unlike other SchoolsFirst FCU credit cards, you decide the credit limit you want for the Share-Secured card ($500 to $5,000) by depositing that amount as security. You’ll earn dividends on those funds while they are pledged to your Secured Mastercard.
While the Share-Secured credit card will no longer feature the Auto Rental Damage Waiver and Travel Accident and Baggage Delay, we’re enhancing the card with new benefits and security features, including EMV chip technology, ID Theft Alerts, Price Protection, and Extended Warranty.
Roughly one week prior to receiving your new Mastercard credit card in the mail, it will appear in online banking. Until you receive your new card in the mail and are able to activate it:
Once you activate your new card, your old card will become inactive and its account information will no longer appear separately in Online Banking after approximately one week.