Rebuilding your credit doesn’t need to be a daunting task. Look into re-establishing your credit through an unsecured card.
- Known for: Helping to rebuild credit
- Minimum credit score: None
When rebuilding your credit, it can be difficult to know where to start. You’ll need a credit card to begin the slow and steady process, but qualifying is often an obstacle. First Access Visa® Card requires no cash collateral, and a reasonable credit limit lets you get used to the payments while the credit bureaus get to know all the good you’re up to. Though an attractive companion on the journey to good credit, if you’re not careful, the fine print could leave you reeling.
|Product Name||First Access Visa® Card|
|Cash Advance Rate||29.99% variable|
|Cash Advance Fee||$5 or 5% of the cash advance amount, whichever is greater|
|Interest Free Period||Up to 21 days|
|Late Payment Fee||Up to $38|
|Returned Payment Fee||Up to $38|
|Additional Cardholder Fee||$29|
|Minimum Age||18 years of age|
First Access Visa® Card at a glance
- Card name: First Access Visa® Card
- Card type: Visa
Rebuilding credit without putting up money for security is a huge advantage with a card that shows improved credit scores over time.
Qualifying is easy.
Applicants find the process to be hassle free — a relief for those with limited credit histories.
Your timely payments are reported to the three major credit bureaus monthly to let you get back to building your credit responsibly.
Set up for success.
A starting credit limit of $300 lets you get used to borrowing and paying back reasonable sums. Limits increase $50 every six months for accounts in good standing.
Money in your pocket.
Unlike many other cards for people with less than perfect credit, this Visa is unsecured, meaning there’s no upfront collateral required to open the card.
Too good to be true?
There are a lot of costs both upfront and down the line. Unlike cards with incentives and perks, you’ll end up paying for every convenience. While useful for rebuilding credit, this card is not ideal for large purchases. The high interest rate will get you if you aren’t able to pay off your balance.
The rate on purchases and cash advances is variable.
Set up costs.
A fee is required to open the card, as is an annual fee that’s immediately deducted from your available credit. To see the fees in detail, see the card terms on the card website.
After the first year your annual fee drops, but you will begin paying a monthly servicing fee. To see the fees in detail, see the card terms on the card website.
Several users report that payments don’t post immediately and remain pending for extended periods of time. This means you could make a payment on time only to have it reported as late. You can make same-day payments by phone, but not without a fee.
Limits on use.
This card cannot be used at automatic fuel pumps, at gambling sites or for travel outside of the U.S.
Am I eligible?
There is no official minimum credit score for consideration, but many have used First Access Visa® Card to boost their credit. Applying is simple and can be approved within 60 seconds.
What information do I need to apply?
- Your name, residential status and mailing address
- Your phone number, email address and date of birth
- Your Social Security number
How to apply for First Access Visa® Card
- Click the “Go to site” button on this page.
- Click the “Apply now” button on the First Access page.
- Complete the application with name, contact information, and residential status.
- Enter your Social Security number, date of birth and a password and click “Continue.”
I got the credit card! Now what?
To get the most out of your new card:
Keep track of your account.
View your account and make payments online.
Plan your payments accordingly.
Be careful about timing. Cardholders are limited to making one online payment every five business days, and non guaranteed funds are subject to a 14-day hold.
Don’t let interest accrue.
High APRs can trap you quite easily. Set aside cash for every purchase you make, and pay it back before the end of the billing cycle to avoid paying interest.
Avoid additional fees.
Late fees can really add up, plus interest. Same-day payments by phone will cost you another fee.
Getting a card with a limited credit history is simple with the First Access Visa® Card, plus it’s a great choice if you’re attempting to boost your credit score.
But if you’ve got a somewhat healthy credit score or you’re looking for a card with more bells and whistles, you should head over to our main credit card page and compare several different types of credit cards.