Find out more on Debt Consolidation Credit Counseling In Phoenix Now!
Thursday, December 11, 2008
The Tribute Credit Card is a sub prime unsecured card. Often this card is used to re-establish a damaged 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.
Your payment history is factored heavily when your credit score is calculated. This card will also help your ratio of available credit to debt. This ratio is how much debt do you have compared to the credit you have that is not being used.
You will have an annual fee with this card; this is common with bad credit cards. Your APR will be 19.50% which is the industry standard.
This card will report monthly to all three major credit bureaus. You initial credit limit will be $300.
The First Bank of Delaware is committed to helping consumers so they have created an additional Tribute MasterCard for those with a very low score. When this card is issued instead of a $300 credit limit it comes with a $70 credit limit.
It will still report to the bureaus and the limit can increase to $300 with responsible use. There are no finance charges and no account set up fees.
There is no application fee and you have free online account access. In addition there is no minimum income requirement and easy approval.
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.
To get the most benefit on your credit report from your card you should try and keep the balance at approximately 25% of you credit limit. This is because it shows the bureaus that you do use your card and you are 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.
Your payment history is factored heavily when your credit score is calculated. This card will also help your ratio of available credit to debt. This ratio is how much debt do you have compared to the credit you have that is not being used.
You will have an annual fee with this card; this is common with bad credit cards. Your APR will be 19.50% which is the industry standard.
This card will report monthly to all three major credit bureaus. You initial credit limit will be $300.
The First Bank of Delaware is committed to helping consumers so they have created an additional Tribute MasterCard for those with a very low score. When this card is issued instead of a $300 credit limit it comes with a $70 credit limit.
It will still report to the bureaus and the limit can increase to $300 with responsible use. There are no finance charges and no account set up fees.
There is no application fee and you have free online account access. In addition there is no minimum income requirement and easy approval.
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.
To get the most benefit on your credit report from your card you should try and keep the balance at approximately 25% of you credit limit. This is because it shows the bureaus that you do use your card and you are 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.
posted by Credit Counseling at
7:58 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home