Review of the Unity® Visa Secured Credit Card

Brendan Harkness

Brendan Harkness | Reviews

Jul 15, 2016 | Updated Sep 14, 2016

If your questions are not answered by this post, use the ASK button in the top right to tell us what’s missing!

Although Credit Card Insider does receive compensation from some card issuers as advertisers, this does not in any way influence our overall judgement of a card, or how one card is compared to another. OneUnited and Visa have not endorsed this content in any way.

Learn more about how we rate credit and charge cards.

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 (but only after the first year).

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.

UNITY® Visa Secured Credit Card
Apply Now

UNITY® Visa Secured Credit Card

For People with
Bad Credit

  • Annual Fee: $39
  • Interest Rate: 17.99% (Fixed)
Quick Card Facts
  • Unlike your Prepaid Card, UNITY Visa secured card can help you build your credit. Apply online in less than 5 minutes, and you could be approved today!
  • No Minimum Credit Score required; low fixed interest rate of 17.99%; Fully refundable FDIC security deposit* required at time of application; if you have a min of $250 to deposit immediately, you can start now!
  • No application fee or penalty rate
  • Monthly reporting to all 3 major credit bureaus
  • 24/7 online access to your account
  • *See the Cardholder Agreement for more details.

The Rewards

There are no rewards for using this card, like points or cash back.

The Benefits

Perks

  • 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 See Terms 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 you’ll only need to pay it after the first year. 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 antique 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.

UNITY® Visa Secured Credit Card
Apply Now

UNITY® Visa Secured Credit Card

For People with
Bad Credit

  • Annual Fee: $39
  • Interest Rate: 17.99% (Fixed)
Quick Card Facts
  • Unlike your Prepaid Card, UNITY Visa secured card can help you build your credit. Apply online in less than 5 minutes, and you could be approved today!
  • No Minimum Credit Score required; low fixed interest rate of 17.99%; Fully refundable FDIC security deposit* required at time of application; if you have a min of $250 to deposit immediately, you can start now!
  • No application fee or penalty rate
  • Monthly reporting to all 3 major credit bureaus
  • 24/7 online access to your account
  • *See the Cardholder Agreement for more details.
Not the card for you? To check out our picks for the best secured credit cards, see the Best Secured Credit Cards – 2016.

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!

Was this helpful?

The Insider

John Ganotis
Two free rides from 11 US airports from Uber and American Express
John Ganotis | Nov 16, 2016

Read More
Brendan Harkness
Review of the Best Western® Rewards MasterCard®
Brendan Harkness | Oct 21, 2016

The Best Western Rewards MasterCard provides 13 points for every dollar you spend with Best Western, along with a variety of extra perks and benefits.

Read More
Brendan Harkness
Review of the Upromise® World MasterCard®
Brendan Harkness | Sep 28, 2016

The Upromise World MasterCard offers up to 10% cash back at select retailers, and you can redeem your rewards directly to your college fund or student loan.

Read More

Trusted Credit Information

Putting People First, Always.

We are advocates of the responsible use of credit, building and managing your credit history, and making informed decisions when selecting a credit card.