These safeguards ensure that you are actually dealing with BECU and not a scam site masqueusing as us. Your connection to our websites uses Transport Layer Security (TLS) to protect the content of the message from eavesdropping and interception. In the case of BECU, the same interest rate applies to secured and unsecured cards. You can select three security questions and provide answers that are easy for you to remember, but you are the only one who knows the answer. And as with traditional credit cards, a secured card may be subject to fees, including, but not limited to, monthly maintenance fees and late penalties. Another notable fact: the effective annual interest rate (annual effective rate) of a secured card is often higher than for its unsecured equivalents. As of October 23, 2019, the average annual effective rate of credit cards is 17.37%. The security of your account is important to us. It`s important that you know what we do to make sure your accounts are protected and how to protect yourself.
The difference is that with a secured credit card, you need to pay a deposit that will be used as collateral in case the loan defaults.. . . .