Credit Builder Share Secured VISA

Share Secured Credit Builder Visa

  • Build (or re-build) your credit, simply by making regular payments
  • Passport every day savings benefit provided at NO CHARGE (Gold cards only-a value of up to $150/year, if purchased separately)
  • 1% REBATE on balance transfers ($150/year max., does not apply to Equity Visas)
  • No rate penalties and all the benefits of a Qualstar Gold Visa Card
  • Apply for a Loan!

If you have no credit history, or have had credit challenges in the past, a Share Secured Credit Builder Visa is the perfect way to get back on track and establish (or re-establish) positive credit history.

How does it work?

  • A Share Secured Credit Builder visa starts with a deposit which is held as the original credit balance of a Qualstar Gold Visa Card (credit limits of $500 up to $5000 are available.)
  • Once payments are made and principal balance becomes available, charges can be made against the available credit balance.
  • As payments are made regularly under the terms and conditions of the account, positive credit history is being created.
  • After a period of positive activity, an application can be made to change the account to an unsecured Qualstar Gold Visa Card and, if approved, the original deposit is released.