About First Savings Credit Card?
The First Savings Credit Card can help you rebuild bad credit. Like a secured credit card, the First Savings Credit Card comes with the same costs; except you won’t be able to borrow as much.
You must get a pre-qualified offer in the mail before you can apply for the card.
First Savings Bank issues the First Savings Credit Card. it’s an unsecured credit card with a subprime interest rate that varies depending on your creditworthiness.
If you have financial mistakes on your credit record or you’re new to credit, the First Savings card might be a good choice. People with low scores can pay high APR rates as well as annual fees.
First Savings Credit Card Overview
The First Savings Mastercard offers six different options. If you have a poor credit score, you may not be eligible for the loan.
There is one drawback to the First Savings card, you must receive an invitation in the mail. It is hard to find information about the card’s terms and conditions.
However, the credit card website provides information about its various contracts. Here are the interest rates and annual fees for each package.
Please check out my First Savings Credit Card Overview
Annual Fees can be any of 17.15%, 24.15%, or 29.90%.
APR: 17.15%, 24.15%, or 29.90%.
Sign-Up Bonus: $0
Low or poor credit is open to people.
Credit reports are received each month.
No deposit required.
2% to 5% charge on your account.
It charges $20.
2% foreign transaction fee.
Up to $25 late fee.
A $25 returned payment fee.
Pros vs. Cons: First Savings Mastercard
Credit bureaus report payments to all three major banks, so you get credit for your on-time payments.
If you choose a First Savings card without a security deposit, there is no down payment.
You can access your account and pay your bill online. You can download the First Savings mobile app to access your account.
An automatic increase in your credit limit can be offered after the first six months as long as you use responsibly.
The First Savings card is a Mastercard Widely accepted
You can only get the First Savings Mastercard if you get a letter in the mail.
On the first purchase of a new credit card, the cardholder gets just $350 of credit. This limit is below unsecured limits but you can get up to $1,500 with responsible use.
Low credit scores may qualify for a 29.9% APR, while high credit scores qualify for a 16.40% APR.
Some will get a card with no annual fee, but others will pay from $39 to $75 a year.
How To request a First Savings Credit Card limit increase?
The card issuer will automatically check your credit in six months, then again after that. If you want to accelerate your loan process, you can contact the company directly. It does not cost anything, but only request an increase if you think you have a good chance of approval. Your credit score would be damaged by a hard credit check.
Why you should consider the First Savings credit card?
Here are a few reasons why you should choose this credit card:.
The First Savings card might be a good option for users who have a poor credit score.
It is very easy to get this card. You can also give First Savings a try.
There are no hidden fees, so there are no additional costs if you pay on time. In most cases, you will have to pay annual charges after you activate your card.
There is no risk of your personal information reaching unsafe hands. It also offers its own mobile app that can handle finance and even make payments. The app provides second level security, in that the user uses fingerprinting to login.
The average credit score is 695, which is below what we consider good (700).
If you are having trouble getting credit, this is a good credit card.
It does not have a complex payment plan or policy. Why it might be a good option if this is your first time using a credit card.