Gesa Wise Secured Credit Card

flavia rozinholli
February 11, 2025

The Gesa Wise Secured Credit Card is an excellent option for those seeking greater financial control and wanting to give their credit score a boost. With a simple and transparent structure, it makes managing finances easy without annual fees.

Additionally, the card offers a range of benefits that make the user experience even more advantageous. The ability to transfer balances with a 0% fee for six months, for example, is one of the most attractive features for those looking to reduce costs.

Want to learn more about how the Gesa Wise Secured can transform your financial life? Keep reading and discover all it has to offer!

Meet the issuer

The Gesa Wise Secured is issued by Gesa Credit Union, a respected and reliable institution. With a mission focused on serving its members and communities, the organization offers a variety of financial products, including savings accounts, loans, and credit cards.

The credit union is known for its commitment to financial education and the well-being of its members, offering resources and support to help them achieve their financial goals.

Moreover, Gesa Credit Union has a solid reputation for security and reliability, being insured by the NCUA (National Credit Union Administration). By choosing the Gesa Wise Secured Credit Card, you are opting for a financial product backed by an institution that prioritizes its members’ satisfaction and financial success.

Main Benefits of the Card

Easy Approval: The Gesa Wise Secured has a simplified approval process, especially for those starting to build or rebuild credit. By requiring a security deposit, the bank is able to offer a credit line without major complications for the applicant.

Flexible Credit Limit: The credit limit of the Gesa Wise Secured depends on the amount of the security deposit made by the customer. This provides flexibility in how much you can spend while keeping financial control.

No Annual Fee: One of the great advantages of the card is that it doesn’t charge an annual fee, helping you save money in the long run. This makes the Gesa Wise Secured Credit Card an affordable option, especially for those who don’t want to increase their card-related expenses.

0% Balance Transfer Fee: The card offers the ability to transfer balances with a 0% fee for the first six months. This benefit is great for those looking to pay off debts from other credit cards or loans.

Credit Score Improvement: By using the Gesa Wise Secured Credit Card responsibly, you can improve your credit score over time. It helps build a payment history, which makes it easier to obtain credit in the future.

Purchase Protection: The card offers various purchase protections, including coverage for loss or theft of products purchased. This provides added security for everyday shopping.

No Credit History Requirement: Since it’s a secured card, the Gesa Wise Secured doesn’t require a strong credit history for approval. This makes it easier for those starting their financial journey or for those with compromised credit.

Reports to the Three Credit Bureaus: The Gesa Wise Secured sends monthly payment reports to the three major credit bureaus, which allows your card activity to positively impact your credit score.

Online Control: The Gesa Wise Secured offers an intuitive online platform where you can manage your finances, check statements, and track payment history easily and accessibly.

Gesa Wise Secured Credit Card: Fees and Commissions

The Gesa Wise Secured Credit Card does not have annual fees, making it an economical option for those looking to control their spending.

However, it’s important to note that after the introductory 0% balance transfer period, variable interest rates from 13.24% to 25.24% APR may apply, depending on your credit score.

Note: Fees and charges are subject to change without prior notice. For detailed information, visit the official Gesa website.

Card limit

The credit limit of the Gesa Wise Secured is determined by the amount of the security deposit you make. This deposit sets the maximum available credit for you, offering greater control over your spending and helping you avoid excessive debt.

This guaranteed credit limit structure is common in secured credit cards, providing security for both the issuer and the cardholder.

Positive points

No Annual Fees:
Use the card without paying yearly fees, making it a budget-friendly option for building credit.
0% Introductory Balance Transfer Fee:
Transfer balances within the first six months with no additional fee, helping reduce debt cost-effectively.
Collision Damage Protection on Rental Cars:
Get built-in insurance coverage for collision damage when renting a car using the card.

Negative points

Variable Interest Rates After Introductory Period:
Once the promo period ends, APR may increase based on your credit profile—ranging from 13.24% to 25.24%.
Security Deposit Requirement:
You must provide a refundable security deposit to open and use the card.
Credit Limit Determined by Deposit:
Your spending limit will match the amount you deposit, limiting flexibility initially.