A secured credit card looks and acts just like a traditional credit card, except that it is tied to a security deposit that is used as collateral for the credit card account. The refundable security deposit is held in your Century Federal savings account and is the value of the credit limit plus 25%.
For example: A credit limit of $500 will require a $625 security deposit held in your Century Federal savings account.
- Card details
- Excellent for building or repairing credit
- Good option for new credit card users
- Fixed interest rate at 15.35%
- No annual fee