Building credit can sometimes feel like one big catch-22. Credit approval requires relatively good credit. But you need credit to build your credit. Whether you’re just starting out or looking for a fresh start after a financial setback, there’s a smart solution designed to end the vicious cycle.
Introducing the Golden 1 Member First Secured Credit Card, designed to help you build credit and gain confidence in your financial future.
What is the Member First Secured Credit Card?
Backed by your own deposit, this line of credit allows you to make purchases and pay bills all while pushing your credit in the right direction. The idea is that with regular use, anyone new to credit or rebuilding their credit can improve their score through use and on-time payments, just like an unsecured credit card.
How Does it Work?
Secured credit gives you access to a set credit limit to use on everyday expenses, like gas or coffee, then repay before the due date. The key difference? Your limit is based on your deposit. Because we report every on-time payment to the major credit bureaus, your financial future gets brighter with every billing cycle.
What’s My Limit?
The amount of credit available on your Member First Secured Credit Card depends on how much you deposit. Credit limits start at $250 but you can deposit up to $3,000 to tap or swipe on your monthly expenses. Whatever you choose to deposit is fully refundable.1
What’s My Rate?
The Member First Credit Card offers one competitive rate for all cardholders, regardless of your credit standing.
How to Open a Member First Secured Credit Card
Ready to take control of your financial future? Apply as you would for any credit card, then follow the instructions shared to your email and choose a deposit between $250 and $3,000. This deposit sets your credit limit and is stored in an interest-bearing savings account. After making your deposit, we open a separate Collateral account, which will be restricted from withdrawing funds while the card account is still open. When you close your account, your deposit will be refunded.1
Make the Most of Your New Secured Credit Card
Once your card is active (queue the confetti), use it regularly and pay off your balance each billing cycle. Golden 1 reports your responsible behavior to credit bureaus, helping boost your score.
Track your progress with Credit Sense, a free online tool offering easy access to your credit report and more.
More Benefits:
As though offering a foundation for rebuilding your credit wasn’t enough, there are more benefits to opening a Member First Secured Credit Card.
- Zero annual fees.2
- Zero fraud liability for unauthorized transactions.3
- Effortlessly make all your purchases securely and easily using Mobile Wallets.
- Contactless payments mean you simply tap your card (or phone) wherever it’s accepted.
- Access to powerful mobile banking tools for simple and smart card monitoring and management.
Explore all of the details in our complete Benefits Guide.
Establishing your credit doesn’t have to be intimidating, neither does bouncing your credit back from a financial misstep. When you use credit backed by your own deposits, you’re empowered to take control of your credit and build a stronger financial future with every single swipe.
Apply today and take the first step toward the new, credit-confident you.
1Dividends are paid on the funds held in the savings account. Please see our Credit Card Account Agreement for other terms and conditions.
2Other fees apply. Cash advance fee is either $5 or 2.5% of the amount of each cash advance, whichever is greater. Foreign transaction fee is up to 1% of each transaction in U.S. dollars.
3Golden 1 provides zero fraud liability for unauthorized transactions on your card, when promptly reported. Certain conditions and limitations may apply. See your Credit Card Account Agreement for additional information on unauthorized use.
