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Would you like to build your credit but not quite sure where to start?


Here's a GREAT solution!



  • No Credit Check
  • Guaranteed Approval
  • NO Annual or Monthly Fees
  • Competitive Rates

Secured Credit Card

Building credit can sometimes feel like an uphill battle. If you have patience and the right tools from NorthPark Community Credit Union, you can master it in no time and see your score start to climb. A secured credit card often comes highly recommended as the best way to build credit, but what is a secured credit card, and is it worth getting?

What Is a Secured Credit Card?

There are two main types of debt offered at our bank: secured and unsecured debt. Secured debt refers to credit backed by collateral, such as a mortgage or car loan. In contrast, unsecured debt refers to debt with no collateral, such as personal lines of credit and credit cards.

A secured credit card is unique in that you are expected to front the money as collateral. Because of this, it operates more like a debit card. It does differ from a debit card in that it reports to credit bureaus, and you do not always have access to the full balance.

Is a Secured Credit Card the Best Way To Build Credit?

Right now, secured credit cards might not sound like a very attractive idea, but they are crucial for credit building. When you get a secured card with our credit union, we report your activity to the credit bureaus, which helps you build your credit history.

After about six months of your secured credit card reporting to the bureaus, you will begin to see a significant impact on your score. You might then become eligible for other credit offerings, such as an unsecured credit card or a car loan.

Does It Teach How To Properly Use a Credit Card?

Secured credit cards help you develop good money management skills, but only if you use the cards as intended. Quite often, people treat these cards like debit cards and slow the credit-building process. Instead, you should still treat the card as a credit card. Here are some tips:

  • Use the card at least once per month.
  • Keep your balance below 30% of the max limit provided.
  • Automate minimum payments to ensure your payments are never late.
  • Pay off the entire balance every month.
  • Consider keeping the account open even after getting an unsecured credit card.

How Can I Get a Secured Credit Card?

Fortunately, getting a secured credit card is relatively easy. Most credit unions provide secured cards to help our local communities develop better money management skills and better credit. Secured credit cards also play a crucial role in bouncing back from bankruptcies.

These are some of the perks that make ours one of the best secured credit cards:

  • No credit check
  • No annual fee
  • No monthly maintenance fees
  • Guaranteed approval
  • Competitive rates

Are you ready to take your credit score to a better place? Apply for our secured credit card today.