If you have low or limited credit, build your credit history while having extra spending money for vacations, holidays and more with the unsecured Total Visa Card.
Having fair to poor credit can put a wrench in anyone’s plans. It makes it difficult to enjoy life to the fullest, but it also affects your ability to rent a home or buy a car.
The Total Visa® Card is a solid way to improve your credit score while also having a little money available for emergencies or other unforeseen expenses. Having extra money on hand while building your credit seems like a dream come true, but be aware of all fees and conditions. This card could potentially trip you up with annual fees and high interest rates, if you aren’t careful.
- APR for purchases (purchase rate): 29.99%
- Processing fee: $89
- Annual fee: $75 first year; $48 each year after
- Monthly servicing fee: $0 the first year; $6.25 a month ($75 a year) after
- Cash advance rate: 29.99%
- Cash advance fee: $5 or 5% of the amount, whichever is greater
- Card type: Full-feature, unsecured
- Maximum credit limit: $300
- Late payment fee: $37 ($15 for Iowa residents)
- Returned payment fee: $37 ($15 for Iowa residents)
- Minimum interest: 5%
What are the benefits of the Total Visa Card?
Easy approval makes the Total Visa Card ideal for young people looking to build their credit and others needing to improve their credit score. It regularly reports to all three major credit bureaus, among these benefits:
- High likelihood of approval. The card is available to people with limited or poor credit.
- Simple application. Fill out the online form and find out if you’re approved in seconds.
- Difficult to overspend. With a credit limit of $300, you can focus on building your credit.
- Full-feature credit card. Use it anywhere in the United States that accepts Visa.
Too good to be true?
It’s easier to qualify for it, but the Total Visa Card is not without its drawbacks. If you do not pay off your purchases or cash advances immediately, you could end up accruing large amounts of interest.
- High interest rates. With a purchase and cash advance rate of 29.99%, you will want to fully pay off debt as quickly as possible.
- High processing fee. On approval, prepare to pay an $89 processing fee before you can begin using your card.
- Monthly servicing fee. While your monthly fees are waived for the first year, you’ll pay $6.25 every month thereafter (or $75 a year).
- Low credit limit. An initial credit limit of $300 won’t send you on that dream vacation, and you can’t request an increase until you’ve had the card for six billing cycles.
- Annual fees. Cardholders pay a high annual fee of $75 for the first year and $48 a year from then on.
Am I eligible? Tips to get approved
There’s no sense in wasting time applying for a credit card that you are not likely to get. With honesty about your income and other debts when applying, you stand a good chance of being approved for the Total Visa Card. Just make sure that you have a checking account first.
To apply for the Total Visa Card:
- Visit the Total Visa Card site.
- Enter your name and contact information, answer whether you have a checking account and click “Continue.”
- Enter your date of birth, Social Security number, employer’s name and phone number, and monthly income and expenses. Indicate whether you have a prepaid credit card, a savings account or a debit or credit card, and then answer questions about past due credit card accounts, whether you intend to use the card for cash advances and if you want to add a cardholder. Click “Continue.”
- Read and click that you accept the terms of conditions. Select whether you prefer electronic billing or a mailed bill, and then “Click here to sign and submit.”
- Wait 60 seconds to see if you are approved.
I got the card. Now what?
Before you start spending, there are a few things you should know:
- Carefully note your balance. To avoid overlimit charges, you’ll need to stay within the $300 limit.
- Escape high interest payments. Purchases begin accruing 29.99% interest 21 days after they are made, so pay them off as soon as you can.
- Avoid cash advances. Immediately after paying the greater of $5 or 5% of your cash advance amount, your full amount will begin accruing interest at 29.99%. It’s best to avoid cash advances altogether.
The bottom line
If you’re looking for an unsecured card that can help you build or rebuild your credit, the Total Visa Card might be a way for you to do just that. But consider the annual and monthly fees, which will leave you paying $123 a year for a card with a 29.99% APR.