Visa® Secured Credit Card

The ESL Visa® Secured Credit Card gives you purchasing convenience and the opportunity to establish or rebuild credit. It's secured with money you deposit into a savings account. And there's no credit report required!

• Use it just like a regular Visa credit card to make purchases across the country and around the world.
• Easily manage your ESL Visa Secured Credit Card in Mobile/Online Banking with enhanced tools like:
  • Instant card activation
  • Immediately turn your credit card off or on
  • Add your credit card to your digital wallet
  • Access card information without needing your physical card
  • And much more…learn more about managing your credit card with Mobile/Online Banking
• Get access to a flexible credit line based on the amount you deposit as collateral in your ESL Secured Credit Card Savings account.
• Build or restore your credit, because your payment history is reported to credit bureaus.
• Save money, since there’s no annual fee. Compare that with other high-priced credit cards.
• Save time with our fast, easy approval process.
• Credit lines available range from $300 to $1,000.
• Take advantage of the opportunity to earn dividends. After all, every purchase transaction you make and the average monthly outstanding balance on your credit card and the balance in your Secured Savings Account are eligible for our exclusive Owners’ Dividend.¹

And don’t forget these great security features:

• Keep track of your account activity with transaction alerts. They’re available by phone and email for your convenience.
• Protect yourself from unauthorized use of your card and your account information with the Visa Zero Liability Policy.²

Eligibility Information

You are eligible to apply for an ESL Visa Secured Credit Card if you are:

• A member in good standing with a savings account at ESL
• A citizen or resident of the U.S. with a valid Social Security Number
• At least 18 years of age

Additional Requirements

• You may not have any negative balances in your ESL savings or checking accounts
• You may not be 30 or more days past due on any ESL loans
• You may not be in bankruptcy or in the process of filing for bankruptcy at the current time
• All borrowers applying for credit must be present at the time of the initial application
• The primary applicant may not currently be the primary owner of an ESL Visa Secured Credit Card

The Basics

When you’re approved for an ESL Visa Secured Credit Card, your account is linked to an ESL Secured Savings account.

• The money in your savings account—the collateral—secures the credit line on your account
• Because the collateral is used to secure your credit line, you cannot deposit money into your savings account or make withdrawals. You may withdraw dividends that are earned on your account balances, however.
• Credit lines available range from $300 to $1,000
• If you decide to close your account, all of the money in your ESL Secured Savings Account—100%—will be used to pay off the balance owed on your ESL Visa Secured Credit Card, including interest, costs and fees.
• If there is any money left in your savings account after paying off the balance on your credit card, you will receive a check in the mail for the exact amount due within 35 days of your final payment.
• There is a maximum of two borrowers per account
• Your average monthly outstanding balances and every purchase transaction you make are eligible for our Owners’ Dividend.¹

To activate your card, please call 866.820.6039.

Step One: Make Sure You’re Eligible

• See the eligibility requirements for an ESL Visa Secured Credit Card.
• If you’re not an ESL member, find out how to join ESL today.

Step Two: Visit a Branch or Call Us

If you meet the eligibility requirements, just fill out the ESL Visa Secured Credit Card Application at an ESL branch or call 585.336.1000 or 800.848.2265. We’ll get your application started right away.

We look forward to helping you improve your credit score with a safe, secure Visa credit card accepted around the world.