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| Student VISA Credit Cards |
| Establish good credit from the beginning. |
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| About Our Student VISA Program |
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The goal of our student VISA program is not to promote spending. Rather, our goal is to provide knowledge and opportunity so that our young members can learn money management skills and how to maintain good credit. Our program is designed for members 16 and 17 years of age, and begins with an educational seminar at our Education Center located on E Holly St in Bellingham. Attendance at this seminar is required for students, and we strongly encourage their legal guardian to attend.
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The seminar will cover many topics from Credit definitions, credit scores, how loans work, money management skills, the benefits of VISA cards, and what to do in the case that a card is lost or stolen. Upon successful completion of the Student VISA Seminar WECU will issue a $250.00 Student VISA. If this line of credit is maintained in good standing through the end of the program (upon turning 18 years old), we will then offer to issue a standard VISA Classic with a $500.00 credit limit.
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| Highlights of a WECU Student VISA |
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1% cashback reward on purchases
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No annual fee
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Low annual percentage rate (APR) of 12.9% APR fixed
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25 day grace period
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Low monthly payments
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Travel accident insurance of $250,000 when you purchase travel tickets with your VISA
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Local service you can trust
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| Credit Disclosure |
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Student VISA
Annual Percentage Rate
for Purchases & Balance Transfers: 12.9%
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Annual Percentage Rate for Cash Advances
Visa Classic and Visa Platinum: 12.9%
No fee for cash advances done at a WECU branch office; however, interest starts accruing from the date of the advance.
Annual Fee: None
Overlimit Fee: $10.00
Late Fee: 5% of minimum payment or $5.99, whichever is greater
Grace Period for Purchases: If you pay your new balance in full within 25 days of your billing date each month you will avoid finance charges on purchases.
Method of Computing Balances for Purchases:
Average Adjusted Daily Balance (including current transactions).
Click here for full disclosures regarding our VISA products.
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| Payment Protection: |
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With Payment Protection, you'll find comfort in knowing that an emotional tragedy doesn't have to become a financial one. Disability protection makes your monthly loan payment should you become disabled due to a covered illness or injury. Life protection reduces or pays off your eligible loan balance should you die before paying off your loan.
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Automatic eligibility for most borrowers.
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No medical screening.
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Premium included in your loan payment.
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Low group rates that are the same for every borrower.
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Protection of your loan collateral and credit rating.
For more information about Payment Protection, click here.
Price varies depending on selected protection and loan type.
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| How to Apply |
| We generally offer our Student VISA Seminar once per quarter during the school year. We post our classes on our website about a month in advance. If you would like to be notified when our next Student VISA class is available, let us know and we'll add you to our contact list. |
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