Tribute MasterCard - Review
The Tribute MasterCard is a bad credit unsecured card. It is frequently used to rebuild a low credit score.
This card is issued by the First Bank of Delaware. This bank has been in the sub prime lending business for years.
With responsible use of your card it can help to improve your credit score. This is because with on time monthly payments you will be able to create a positive payment history on your credit report.
This factor is heavily weighted when your score is being calculated. In addition it will improve your ratio of available credit to debt. This ratio is how the bureaus decide if you are in over your head or can afford the new credit line.
There will be an annual fee; however every sub prime card carries an annual fee. You will have an APR of 19.50% which is standard for these cards.
This card will report monthly to all three major credit bureaus. You initial credit limit will be $300.
However if you have very low credit score you can still be issued a card instead of the $300 limit is will have a $70 limit. This is done because the First Bank of Delaware wants to provide a second chance to as many people as possible.
This card will report monthly to all three bureaus and works just like the card with a $300 limit. You will be eligible for limit increases. There are no finance charges and no account set up fees for both cards.
There have easy approval requirements and no minimum income for this card. You will have free online account access and there is no application fee.
Your card will be eligible for limit increases up to a maximum of $2000. When you apply you will know if you have been approved within 30 seconds of submitting your application.
You should also know to get the most benefit on your credit with this card you should aim to keep the balance at roughly 20% of your credit limit. This will help your score because it shows you are in fact using your card and using it responsibly.
In sum we do suggest the Tribute MasterCard. When used properly it is a very effective tool to rebuild a low credit score.
This card is issued by the First Bank of Delaware. This bank has been in the sub prime lending business for years.
With responsible use of your card it can help to improve your credit score. This is because with on time monthly payments you will be able to create a positive payment history on your credit report.
This factor is heavily weighted when your score is being calculated. In addition it will improve your ratio of available credit to debt. This ratio is how the bureaus decide if you are in over your head or can afford the new credit line.
There will be an annual fee; however every sub prime card carries an annual fee. You will have an APR of 19.50% which is standard for these cards.
This card will report monthly to all three major credit bureaus. You initial credit limit will be $300.
However if you have very low credit score you can still be issued a card instead of the $300 limit is will have a $70 limit. This is done because the First Bank of Delaware wants to provide a second chance to as many people as possible.
This card will report monthly to all three bureaus and works just like the card with a $300 limit. You will be eligible for limit increases. There are no finance charges and no account set up fees for both cards.
There have easy approval requirements and no minimum income for this card. You will have free online account access and there is no application fee.
Your card will be eligible for limit increases up to a maximum of $2000. When you apply you will know if you have been approved within 30 seconds of submitting your application.
You should also know to get the most benefit on your credit with this card you should aim to keep the balance at roughly 20% of your credit limit. This will help your score because it shows you are in fact using your card and using it responsibly.
In sum we do suggest the Tribute MasterCard. When used properly it is a very effective tool to rebuild a low credit score.
About the Author:
For more about the Tribute Card or for more info about bad credit credit cards visit us.
posted by Credit Counseling at
2:43 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home