Total Visa Credit Card - Pros and Cons

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Pros - Most Attractive Features:
Annual Percentage Rate (APR) for Purchases 19.92% Other APRs Cash Advance APR: 19.92%
Annual Fee: $48
Grace Period: 25 Days from Statement Date if prior month balance was paid in full by due appointment Method of Computing the Balance for Purchases Average Daily Balance (including new purchases)
Minimum Credit Limit: $250
Maximum Credit Limit: n/a
Late Payment Fee: $29
Over-The-Limit Fee: $25
Cash Advance Fee: $5
Minimum Finance Charge $.00
Easy Pay Fee $7.95
Closed Account Maintenance Fee $3.50
Application Fee: $96 + $56
Participation Fee: $96 ($8 every month)
Total First Year Fees: $296
While you are attempting to obtain a credit card,[link widoczny dla zalogowanych], keep paying all your other bills on time.
You should have no extra than 3 credit cards - one alternatively two with a small credit restrict and an with a larger limit for emergencies.
Don't overspend. Only buy something namely you can pay for in cash. This will keep you from buying more than you can afford.
If you cannot pay off your balance monthly, you are costing more than you can afford and need to stop using your credit card until you can pay off the balance.
Cons - Least Attractive Features
Additional Perks
Card Fees
The Total Visa? Card, issued by Plains Commerce Bank, is devised for those with limited or damaged credit.
you have a history of wrong debt, slow or wrong debt or have a limited debt history you may have to start with a limited credit card, one with a cheap limit. These cards generally carry an applying fee, yet they do allow you to create (or re-establish) credit afterward it's been harmed. Consistent payments guide to an improved credit history.
Tips
Various fees applied to new accounts as the first annual.
The interest rate is upon average for this type of card.
Not ideal whether the cardholder plans apt carry a balance.
Inability to have it chance one unsecured card.
This card has a program fare of $96 and one account set-up fare of $56.
No additional cardholders allowed aboard this card.
Various Internet account related services.
Fraud protection services.
Does not require a security deposit.
The rate for cash advances is the same for for purchases, which is a rare benefit as the interest rate for cash advances is routinely much higher.
Those who become lively members of the credit card ambition be glad to know thattransactions will be reported to always important credit bureaus as an unsecured credit card.
Those who tin afford to pay in full each month (to lest finance charges) and do no mind paying numerous upfront fees may ascertain the Total Visa? Card to be advantageous.
Basically a nice direction to begin re-building your credit.
Can assist obtain an unsecured Credit Card by paying Total Card on time each and monthly.
Although the card does not require a security deposit, it does have various fees applied to new applicants, which for the first year single equal $296 (of this value, $152 is applied for the first year only). Some applicants may prefer to pay the upfront fees as opposed to a larger security deposit; although,[link widoczny dla zalogowanych], it is important to memorandum that most of the fees applied are non-refundable (security deposits are usually refundable).