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Secured VISA from Summit CU (NC): deposit, fees and APR
Fact sheet for the Secured VISA, issued by Summit CU (NC), with no annual fee. Every detail below comes from the issuer’s pricing and terms pages, checked on the date shown at the end of the page.
Issuer
Summit CU (NC)
Network
Visa
Annual fee
$0
Rewards
No rewards
Purchase APR
Secured VISA 8.95% to 16.95%
Balance transfer fee
None
Foreign transaction fee
1% of each transaction
Credit level
Excellent, Good, Poor, Limited (tiers the issuer reports to the CFPB)
Secured
Yes, a refundable deposit sets the limit
What new cardholders actually got
In the CFPB's Terms of Credit Card Plans survey for July to December 2025, new accounts on this card got a median purchase APR of 12.95%, with a range of 8.95% to 16.95%. The advertised range above is what the issuer offers today; the survey shows where approved applicants landed.
Every article is checked against primary sources: the Consumer Financial Protection
Bureau, the Federal Reserve and issuer terms. When a number changes, we update the piece
and say when.
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better review, and nobody outside our editorial team sees a piece before it runs.
What we are not
Hub for Credit publishes independent information about credit cards, loans, and consumer finance. We are not a bank, a lender, or a card issuer, we do not extend credit, and we do not broker applications. Nothing here is personalized financial advice.