VISA Credit Cards

How do I use an EMV chip card?

EMV chip cards have both a magnetic stripe and embedded chip and may be used at merchants who do not yet offer the upgraded technology, as well as merchants who do have the upgraded technology. Merchants will be updating and activating special chip terminals at their own pace and may continue to use the magnetic stripe method for some time. Once a merchant activates an EMV terminal, you will be required to insert your Signature card at the terminal to complete the transaction.

You should make note of the PIN associated with this card. If you visit a merchant with a chip-enabled terminal, you may be asked to input the PIN associated with your card. If you do not know the PIN associated with your VISA card, please call the Member Contact Center at 800.842.0145. Knowing the PIN will be especially important if traveling overseas.

EMV CHIP PAYMENT TECHNOLOGY BUILT INTO EVERY CARD

Credit card issuers around the world are including EMV (Europay, MasterCard, Visa) chips and merchants are moving to EMV-compliant terminals to increase the security and reduce fraud resulting from counterfeit, lost, and stolen cards. The chip card transaction is more secure than a magnetic stripe card transaction because the transaction information is encrypted, scrambled, and can only be deciphered by very specific types of software and equipment. The microprocessor chip makes the card itself very hard to counterfeit. It is important to note that these security features are only available when the merchant has equipment that supports a chip card transaction.

Visa Signature Credit CardApply Now

Visa Signature is our card with premiere benefits and anti-fraud security. It appeals to well qualified members who enjoy extra amenities such as concierge services, purchase price protection, roadside assistance, travel upgrades, and shopping discounts. Signature cardholders are likely to make frequent card purchases and take full advantage of ScoreCard Rewards.
 

Overview Video www.visa.com/signature Guide to Benefits

 

Visa Platinum Rewards Credit CardApply Now

The Visa Platinum Rewards card is a popular choice among rate-conscious members who make frequent card purchases and wish to earn and redeem points in our ScoreCard Rewards program.

 

 

Visa Platinum Credit CardApply Now

The Visa Platinum card is our lowest rate card offering with generous product features. It’s the choice among members who want to keep things simple by getting the best possible rate without rewards points.

 

 

Visa Secured Credit CardApply Now

Build or Rebuild Your Credit History
Without a solid credit history, how will a lender be confident that you will repay what you borrow? If you want to finance a car, get a cell phone contract, rent an apartment, obtain a job, qualify for low insurance rates, and one day buy a home, you will need to treat credit right - not just now, but over the long term. When you pay for something with a credit card, you are borrowing money from the Credit Union (or other financial institution) with the promise that you will either repay it all or make the minimum payment requested. If you don't pay the balance in full, the remaining sum will "revolve" - move onto the next month's bill. Interest will be added to the balance, and will continue to accumulate until the debt is fully repaid.

What is a FICO Score?
Think being graded ends with school? It doesn't. The way you treat credit is graded (scored) all your life. A credit score is a mathematical risk assessment based on the information on your credit report. A common scoring model is one developed by Fair, Isaac and Company. They issue a FICO score that ranges from 300 to 850. It is based on (in order of greatest weight) payment history, amounts owed, length of credit history, pursuit of new credit, and types of credit in use. Higher FICO scores typically translate into you obtaining lower loan rates, which lowers the total interest (finance charges) you will pay over the life of the loan.

What is a Credit Bureau?
There are three major credit-reporting bureaus in the U.S.: TransUnion, Experian, and Equifax. These companies collect credit-related data, compile it into reports, and then provide it to businesses that need to evaluate lending risk and make other business decisions. Your credit and debt information will be on these reports in detail, including when you opened the accounts, if you've paid on time, how much you owe, if accounts have gone into collections, your credit limits, and if you have been sued for a debt.

What is a Secured Credit Card?
A credit card is not just a convenient payment method, but also a way of proving financial stability and responsibility. One of the best ways to build your credit history, or rebuild damaged credit history, is with a secured credit card. A secured card requires a cash deposit into a savings account that becomes the credit line for that account. For example, if you put $500 in a savings account, you can charge up to $500 on the credit card. The money in the savings account is frozen and becomes security (collateral) for the card if you fail to repay the balance. This means that you cannot withdraw the money until the credit card account is closed. After demonstrating responsible use of the card over time, you may be able to add to the deposit to increase your spending limit.

American Eagle FCU Visa Secured Card
Our Visa Secured card is ideal for members with no, limited, or damaged credit history. The Secured card offers many of the same features as our Visa Platinum card including no annual fee, a low variable Annual Percentage Rate, 24-hour online access, a 25-day grace period on purchases, and more. Your credit line is linked, and equal to, the amount deposited into a secondary Savings account in the cardholder’s name. The minimum deposit/credit line is $250. You may add an authorized user (age 21 or older) on the account.