Review of the Unity® Visa Secured Credit Card
Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Content is not provided or commissioned by any credit card issuers. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Credit Card Insider and CardRatings may receive a commission from card issuers. A list of these issuers can be found on our Editorial Guidelines.
The Unity Visa Secured Card requires a security deposit of at least $250 to fund your credit limit. We don’t recommend using this card, as we’ve received many reports of bad payment systems and poor customer support. See other secured credit cards instead.
Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.
The Unity Visa Secured Credit Card is a very simple, bare-bones credit card designed for one purpose: to help you improve your credit by building up a positive account history.
This card is meant for people with bad credit. So it’s no surprise to find there are no rewards or extra benefits, and you’ll need to pay an annual fee.
This is a secured credit card, so you’ll also need to put down a security deposit when you’re approved, and this will be equal to your credit limit.
There aren’t any bells and whistles, but this card reports to all three of the major credit bureaus. If you use it responsibly you’ll be able to improve your credit and qualify for more rewarding cards.
Keep reading to learn more about this card, and find out if it’s a good choice to help you bring your credit score up.
There are no rewards for using this card, like points or cash back.
Reports to the Major Credit Bureaus
This card will report your activity, positive or negative, to the 3 major credit bureaus.
How to Rebuild Credit Program
Information and advice on how to improve your credit score.
The Costs & Fees
|Annual Fee||Regular APR||Intro Balance Transfer APR||Regular Balance Transfer APR||Cash Advance APR|
|$39||17.99% Fixed||9.95% for 6 months||17.99% Fixed||See Terms|
|Balance Transfer Fee||Cash Advance Fee||Foreign Transaction Fee|
|See Terms||See Terms||See Terms|
|Penalty APR||Late Fee||Returned Payment Fee||Credit Limit Increase Fee||Expedited Card Delivery||Replacement/Additional Card Fee||Stop Payment Fee|
|See Terms||See Terms||See Terms||$10||$35||$10||$25|
Take note that there are a few extra fees here that you don’t usually find on other credit cards: for credit limit increases, expedited card delivery, replacement cards, and stop payment. Most card issuers don’t charge for things like this, so keep that in mind.
You’ll need to pay a security deposit when you open this card, from $250 to $10,000 (because this is a secured credit card). The amount you pay will be equal to your credit limit, and you can increase your limit later on if you’d like (for the $10 fee mentioned above). When you close the card, you’ll get your security deposit back.
The annual fee for this card is quite low, and if you avoid interest charges by paying off your balance in full each billing period, that annual fee is the only charge you’ll need to worry about.
The fixed APR is unique as well, compared to the variable APR of most cards. A variable APR will go up or down along with the Prime Rate, while a fixed APR will stay where it is. But changes in the Prime Rate aren’t very frequent, and are usually very small, so this isn’t much of a selling point.
This card does not feature an online payment system, another very unusual situation for credit cards. Usually, the card issuer would like to make it easy for you to pay; but with this card, payments are only accepted by mail or by the bill pay system of your bank. Take note that these payment methods will take much longer than a typical online transfer, so you’ll need to submit your payments early.
The Bottom Line: 1 Star out of 5
The Unity Visa Secured Credit Card is a very simple card, designed only to help you build your credit rather than provide rewards or benefits. If you have bad credit and want to improve it, your options will be limited and so this could be an offer that you should consider.
Keep in mind that this card has quite a few extra fees that most cards don’t have, without offering any rewards or benefits in return. The bill pay system is also quite a nuisance, especially compared to the very easy online systems that most card issuers provide. The How to Rebuild Credit Program is pretty basic, and you can view it right here if you’d like.
Insider Tip: We’ve also had a number of complaints about the customer service of this card, with problems ranging from getting bad information to more serious problems with payments. If you’re considering this card, or using it already, be sure to ask for a manager or supervisor if you ever have issues with customer service.
We gave the Unity Visa Secured Credit Card 1 out of 5 Stars because it doesn’t provide a good value for the fees it requires. It uses an antiquated bill pay system, and by most accounts their customer service is very difficult to deal with. The website is also difficult to navigate, and the important information is not very easy to find. It’s normal for secured cards to be less valuable than the higher-end cards, because they’re made for lower credit scores, but this card has little to offer compared to the rest of the market.
Want to learn more or apply for this card? Just click the name below.
Not the card for you? To check out our picks for the best secured credit cards, see the Best Secured Credit Cards.
Was this review helpful to you? Go ahead and share it with a friend! And if you use the Unity Visa Secured Credit Card, click here to leave your own review, we’d love to hear from you!
Brendan has been writing about personal finance for over eight years, and is now taking on the challenge of bringing high-quality credit education to the masses. He makes sure that Credit Card Insider is covering the most important credit topics transparently and precisely, and that we have up-to-date reviews of credit cards so you can find cards that are right for you.
Do you have a correction, tip, or suggestion for a new post? Contact us here.
The responses below are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertisers' responsibility to ensure all posts are accurate and/or questions are answered.