Ana Sayfa Blog

visa credit card

0

As a member of ABD FCU you deserve the best credit card and now you can have it with ABD’s no annual fee, Platinum, Gold, Classic or Classic Secured Visa Credit Card.

ABD Federal Credit Union offers four different Visa credit cards to meet your financial needs, each with a low variable interest rate and 25 day interest-free grace period on purchases!

Credit cards are an important part of your financial life and we understand it.

With any ABD Visa Credit Card, you can transfer balances from your other high-rate credit cards and never pay a penalty or a higher interest rate and we won’t charge you the transfer fee!

Bank of America® Cash Rewards credit card

0










Bank of America® Cash Rewards credit card
Bank of America® Cash Rewards credit card
3.2/5

63 reviews ➔
From cardholders in the last year

Apply Now
INTRO PURCHASE APR
0%

15 Billing Cycles

REGULAR PURCHASE APR
16.24% – 26.24%* Variable

INTRO BALANCE TRANSFER APR
0%

15 Billing Cycles

for any balance transfers made in the first 60 days

REGULAR BALANCE TRANSFER APR
16.24% – 26.24%* Variable

ANNUAL FEE
$0

ADDITIONAL RATES AND FEES
Cash Advance Rate See Terms*
Cash Advance Fee 3%, Min: $10

Late Fee Up to $39
Penalty APR Up to 29.99% APR

Balance Transfer Fee 3%, Min: $10
Foreign Transaction Fee 3%

Return Payment Fee Up to $28
No annual fee

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening

Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other

purchases
0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% – 26.24% Variable APR will apply.

A 3% fee (min $10) applies to all balance transfers
No expiration on rewards

If you’re a Preferred Rewards member, you can earn 25% – 75% more cash back on every purchase










Capital One® Secured Mastercard®

0










Capital One® Secured Mastercard®
Capital One® Secured Mastercard®
4.0/5

421 reviews ➔
From cardholders in the last year

Apply Now
INTRO PURCHASE APR

N/A

REGULAR PURCHASE APR
26.99%* Variable

INTRO BALANCE TRANSFER APR
N/A

REGULAR BALANCE TRANSFER APR
26.99%* Variable

ANNUAL FEE
$0

ADDITIONAL RATES AND FEES
Cash Advance Rate 26.99%* Variable
Cash Advance Fee 3%, Min: $10
Late Fee Up to $39
Penalty APR None

Balance Transfer Fee $0
Foreign Transaction Fee None
Return Payment Fee See Terms*

No annual fee, and all the credit building benefits with responsible card use
Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus

You will get an initial $200 credit line after making a security deposit of $49, $99, or $200

Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed

Easily manage your account 24/7 with online access, by phone or using our mobile app

It’s a credit card accepted at millions of locations worldwide
*See the online provider’s credit card application for details about terms and conditions.

Reasonable efforts are made to maintain accurate information. However, all credit card information is presented without warranty.

When you click on the “Apply Now” button, you can review the credit card terms and conditions on the provider’s website.










What about becoming a joint account holder?

0










What about becoming a joint account holder?
Some credit card issuers may give you the option of opening a joint credit card. The key difference between being an authorized user and being a joint account holder is that you have more responsibility as a joint account holder. With a joint account, you’re legally responsible to pay off any debts that accumulate.

The process of being added to an account is also stricter — lenders will expect you to meet their requirements, like you’re applying for a credit card on your own. Authorized users usually won’t run into this problem, as there’s generally no credit check involved.

The authorized user strategy is common for parents who want to help their children build credit. If your parent has established a positive credit history and healthy habits that won’t backfire on you, you may want to request that they add you as an authorized user.

Joint accounts are more commonly used by spouses who share their finances with each other and don’t mind each person having the same credit limit.

Not all credit cards and issuers allow joint card accounts. If you’re interested in applying for a credit card with a joint account, consider the Bank of America® Cash Rewards credit card (or any Bank of America credit card), which allows for co-owners on a single account.










Who should you ask to add you as an authorized user?

0










Who should you ask to add you as an authorized user?
Make sure you select someone you can trust who practices healthy credit habits — most importantly, someone who pays their bills on time and keeps their credit utilization low.

Think carefully before you make your decision — though there’s potential upside to being an authorized user, putting yourself on the wrong person’s account could have a detrimental impact on your scores.

An important point to note is that the primary account holder’s credit scores will not be affected by adding you as an authorized user, even if your credit history is limited or needs work.










How can being an authorized user affect your credit?

0

How can being an authorized user affect your credit?

How can being an authorized user affect your credit?
Being an authorized user can affect your credit situation in a few ways.

The accounts you’re an authorized user on will likely appear on your credit reports — most, but not all, credit card providers report account activity to an authorized user’s credit reports. Before you’re added as an authorized user, you may want the primary account holder to ask their credit card provider whether they report authorized user accounts to the three major credit bureaus.

If the account does show up on your credit reports, the primary account holder’s actions could impact your credit for better or for worse. (Exactly how much it will affect your credit depends on the scoring model, as different models weigh credit factors differently.)

If the primary account holder has a strong history of on-time payments, this can have a positive impact on your credit. Additionally, if the account’s credit utilization rate is low, this can also be good for your credit. You can figure out your utilization rate by dividing your total credit card balances by your total credit card limits.
On the other hand, if the primary account holder misses a payment on the card, your credit can take a beating — just one late payment can have a severe negative impact. The same goes for high credit utilization on the account.
In addition to becoming an authorized user, applying for a secured card could help you build credit if your history is limited. A good option to consider: Capital One® Secured Mastercard®.

What does it mean to be an authorized user?

0

What does it mean to be an authorized user?

Being an authorized user means you can use someone else’s credit card in your name. You can make purchases and use the card as if it were your own, but you’re not the primary account holder.

To make you an authorized user, the primary account holder simply adds your name to their credit card account, giving you authorization to use it. You’ll receive a credit card tied to the account, though you won’t have all the privileges of the primary account holder. For example, you probably won’t be able to make changes to the account, like requesting a credit increase or adding more authorized users.

As an authorized user, you’re not legally responsible to pay the credit card bill or any debts that build up. This is still the primary account holder’s responsibility.Common Question

How many authorized users can I add on a single card account?

It depends. Different issuers and cards may have different restrictions around this, so it’s important to read the terms and conditions for your card before adding an authorized user. Some cards also charge a fee per authorized user, so that’s something else to look out for.

What you should know about being an authorized user on a credit card

0










If you’re working on your credit, becoming an authorized user on a credit card could be a good option to explore, but it’s important to weigh the pros and cons.
Credit Cards 101
How to get a credit card
What is the best credit card for you?
How much of your credit should you use?
Compare Credit Cards
Balance transfer cards
Rewards credit cards
Airline credit cards
Business credit cards
Explore More Editorial Content
Personal loan articles
Auto loan articles
News & Insights
Written by: CK staff – CK logo CK Staff
Share:
Click to share on Twitter (Opens in new window)
Click to share on Facebook (Opens in new window)
Click to share on Reddit (Opens in new window)
Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our marketing partners don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when it’s posted.
Advertiser Disclosure
At a glance: Credit cards mentioned in this article
Great for building credit Capital One® Secured Mastercard®
Cash back card that allows for joint account holders Bank of America® Cash Rewards credit card
Becoming an authorized user on someone else’s credit card can be a simple and effective tactic if you’re still working to establish your credit.
While it’s certainly not a substitute for building up your own credit history, it may be a good way to give your credit a nice boost as you’re getting started.

The flip side? Your credit can also be hurt if the primary account holder doesn’t stay on top of their payments.

Before taking the plunge, here’s what you need to know about becoming an authorized user.

Find a credit card that works for me
Explore Cards Now










– Napoleon Hill

0










– Napoleon Hill

Journalist Napoleon Hill, before writing this book, the 1937 bestseller, explored five hundred names that have become millionaires by their own efforts, such as Andrew Carnegia, Henry Ford and Charles M. Scwab.

Reading this personal finance classic that goes beyond your own time, you will see that controlling money requires more than reaching a certain mentality and overcoming psychological barriers, and you will learn how to draw the path to success.