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First National Bank Secured Visa Card

Credit needed
No history/ Limited income
APR
20.24%
Annual Fee
$0

Card Summary

Secured credit cards are available with First National Bank Secured Visa Card. This card is suitable for people with poor credit.

With a $300 to $5,000 security deposit, you can set your credit limit. If you pay your bills on time, this deposit could be returned in just 11 months.

You may be eligible for credit limit increases without making additional deposits if you make regular, timely payments. This can happen in just seven months.

Benefits for cardholders include: zero liability, fraud protection, and a monthly FICO score.

Card Summary - Cons

Rates and fees

Issuer Name
First Bankcard
Penalty APR
None
Credit Needed
No history/ Limited income
Balance Transfer Fee
You can choose to pay $10 or 5% depending on the transfer amount.
Annual Fee
$0
Cash Advance Fee
Cash advances are available in cash advances of $15 and 5%, depending on which is higher.
APR
20.24%
Foreign Transaction Fee
Each transaction is charged 3% in U.S. Dollars
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First Bankcard

The Best Features

Flexible credit limit: When you apply for a card, you can choose to set your credit limit according to how much money you have available.

Annual Fee: This card has an $0 annual fee.

Rewards

Sign up bonus

APR Requirements

Drawbacks

To open an account, you will need to deposit a security deposit.
Your credit limit will determine the amount that you can deposit.
There are no rewards on this card.

Highlights

There is no annual charge. You can request your credit limit with a single deposit of $300 to $5,000, multiplied by $50 when you apply.

Credit approval is required. You can qualify for credit increase with no additional deposit within 7 months if you have your card in use and pay regular bills on time (subject credit approval).

If you have a strong payment history, your deposit may be returned in just 11 months. All three credit bureaus receive reports on card activity. Fraud Protection.

First National Bank has teamed up FICO in order to provide our customers with free access to their FICO Score to better understand and manage your financial health.

First National Bank Secured Visa Card Benefits: Cardholders can enjoy the First National Bank Secured Visa Card, which includes:

FICO Credit Score - Monthly Free. No liability for fraud charges. Fraud protection.

Benefits

Comparative Analysis with Other Cards

First National Bank Secured Visa Card vs. Capital One Platinum Security Credit Card

Annual Fee: The First National Bank Secured Visa Card charges an annual fee $0. Annual fee: The Capital One Platinum Secured Credit Card charges $0.

Sign up bonus: No card provides a sign-up incentive.

Benefits: First National Bank Secured Visa Card provides cardholders with a number of benefits, including access to your FICO credit score and no liability for fraud. Cardholders can get Mastercard identity theft protection, emergency card services and fraud coverage with the Capital One Platinum Secured Credit Card.

First National Bank Secured Visa Card vs. The Discover It Secured credit card

Rewards: First National Bank Secured Visa Card doesn't offer any rewards programs. The Discover it Secured credit card will give you 2% cashback at gas stations and restaurants on purchases up to $1,000 each quarter, and 1% cashback on any other purchases.

Sign up bonus: Although there is not a sign-up bonus available for either card type, the Discover it Secured credit card automatically matches any cash back that you earn at the end your first year as a cardholder.

Benefits: The First National Bank Secured Visa Card offers benefits such as free access to your FICO credit scores and no liability for fraud. Discover it Secured Credit Card provides free access to FICO credit scores and protection against fraud up to zero dollars.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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No late fees. Reduced interest charges. Pay off

First Bankcard