Is the first access Visa card good for consumers with bad credit?
While the First Access Visa Card is more transparent and better reviewed than many of its direct competitors, it certainly isn’t the only credit card option for consumers with troubled credit histories. Alternatives to the First Access Visa Card include other unsecured subprime cards, closed-loop store credit cards, and secured credit cards.
What is the credit limit for the first access Visa card?
Per the card terms, all First Access Visa cardholders receive a starting credit limit of $300 (though your initial available credit will drop immediately upon the assessment of the card’s annual fee).
What are the best alternatives to the first access Visa card?
Alternatives to the First Access Visa Card include other unsecured subprime cards, closed-loop store credit cards, and secured credit cards. Before applying for any new credit product, it’s wise to compare your options to find the right fit for your situation.
How can I Build Credit with the first access Visa card?
The First Access Visa card reports to all three national credit bureaus, so if you pay on time and keep your card balance low, building credit with the card is definitely doable. However, the card’s low starting limit may hold you back.
What kind of credit card is first access?
unsecured credit cardThe First Access Visa is an unsecured credit card for people with bad credit. It is quite expensive, charging a one-time fee of $95 before account opening, followed by a $75 annual fee the first year and a combination of annual and monthly fees totaling $147 per year after that.
What credit score is needed for first access VISA?
The First Access Visa® Card is available to people with bad credit. That means people with credit scores below 640 may have a shot at getting approved for the First Access Visa® Card.
Is first access credit card secured?
First Access Visa Credit Card Overview The First Access Visa card is not a secured credit card, meaning applicants don't have to put down deposits to access the equivalent in credit limits.
Does First Access VISA do a hard pull?
Yes, the First Access will do a hard pull. You can apply for it with bad credit though. You can prequalify for the First Access credit card by receiving a approval letter and you can enter your reservation code here, which will not affect your credit score as it will be a soft pull.
What bank issues the first access Visa card?
the Bank of MissouriThe First Access Visa® Credit Card issued by the Bank of Missouri, is aimed at those with less-than-stellar-credit, but carries high fees without any rewards or other perks.
Is first access a credit card?
The First Access Card is a true VISA® credit card that does not require perfect credit for approval.
Can I get cash from my first access card?
How do I get cash from my First Access credit card? To get cash off of your First Access Visa® card, you must request a pin from the customer service team. You can visit an ATM and choose the Advanced Cash option to draw money out of your account.
How do I get cash from my first access credit card?
To get a First Access Visa® Card cash advance:Call customer service at 1 (888) 267-7980 and request a PIN, if you don't already have one.Insert the credit card at an ATM and enter the PIN.Select the cash advance option on the ATM screen.Enter the amount you'd like to withdraw.More items...•
How do I cancel my first access credit card?
To cancel a First Access Card, call customer service at 1 (888) 267-7980 and ask a customer service rep to cancel your card account.
How long does it take to get your first access card?
Activate Your Card Online Note that it can take up to 10 business days to receive your new card once your application has been approved.
Does access credit card still exist?
It became defunct in 1996, when it was taken over by MasterCard.
What is Access Visa?
Access Australia Visa and Migration Consulting helps individuals obtain a visa so they can visit, work, study and migrate to Australia. Our registered migration agents are also qualified lawyers with extensive government experience. We know the visa process inside out and will help you every step of the way.
How long does it take to get your first access card?
Activate Your Card Online Note that it can take up to 10 business days to receive your new card once your application has been approved.
Is there a credit limit on a charge card?
Since charge cards don't have a credit limit, they don't factor into your credit utilization rate, which is the percentage of your total credit you're using.
Can I get an unsecured credit card with no credit history?
Even if you have no credit, it doesn't mean you're completely out of the running for an unsecured credit card. Yes, your options are limited. That's because with no credit, the bank that issues the card doesn't have much information to base its decision on.
Does access credit card still exist?
It became defunct in 1996, when it was taken over by MasterCard.
Why is the First Access Visa card so high?
The high rates and fees charged by the First Access Visa Card are intended to balance out the high risk of its applicant demographic. In other words, they’re the cost of having bad credit.
What are some alternatives to the First Access Visa?
Alternatives to the First Access Visa Card include other unsecured subprime cards, closed-loop store credit cards, and secured credit cards. Before applying for any new credit product, it’s wise to compare your options to find the right fit for your situation.
Where to find rates and fees for First Access?
The Rates & Fees documentation can be found through a link at the top of the First Access Visa Card application page.
Which consumer was most likely to report seeing positive credit results from using their First Access Visa Card?
Informed consumers were also the most likely to report seeing positive credit results from using their First Access Visa Card.
Is First Access Visa a bad credit card?
As with any unsecured credit card designed for subprime or bad-credit consumers, the First Access Visa Card isn’t the cheapest product on the market. It has a high APR, a fairly high annual fee that is deducted from your initial available credit, and a one-time program fee paid upfront.
Is First Access Visa good?
Beyond interest rates and fees, the First Access Visa Card is reported to have decent customer service, though the online system may be hit and miss for some. Many reviewers also give it high marks for ease of application, flexible credit requirements, and positive impacts on their credit.
Is the First Access Visa card good for bad credit?
While the First Access Visa Card is more transparent and better reviewed than many of its direct competitors, it certainly isn’t the only credit card option for consumers with troubled credit histories.
What is the first access credit card?
The First Access Visa® Credit Card issued by the Bank of Missouri, is aimed at those with less-than-stellar-credit, but with an extra-large serving of high fees and hold the rewards and other perks, this card is both confining and punitory. Break free of any impulse to apply and choose a different card.
What is a petal 1 visa?
It’s one of a tiny batch of credit cards aimed at those without great credit that don’t require an upfront security deposit or charge an annual fee. You’ll even earn 2%-10% cash back at select merchants via its Petal Offers program.
How long does it take Discover to review your credit?
But Discover will review your account starting at eight months to see if you qualify to have that deposit returned. And, Discover will also report your payment behavior to all three of the major credit bureaus, giving you the opportunity to improve your overall score with responsible use.
Does Opensky require a credit check?
The OpenSky Secured card doesn’t require a credit check and no bank account is required. Your credit limit is equal to the amount of your deposit, starting at a minimum of $200. It does have an annual fee of $35 but the tradeoff is that there’s no credit check. This might make the carrying cost worth it to you.
Does the First Access Visa have other benefits?
Other Card Benefits. The First Access Visa® Credit Card does not offer other benefits, except for the chance to access some credit.
Is there a fee for a first access visa?
The downside? There are a lot of fees associated with this card. There’s an expensive one-time “program initiation” fee and a stiff first-year annual fee. After year one, the annual fee drops slightly but is still higher than similar products aimed at those seeking a card that’s easier to qualify for. Plus, starting your second year with the First Access Visa you’ll be charged a monthly “servicing” fee, making your total annual costs unnecessarily high for what you get in return.
Does Discover it Secured have annual fees?
The Discover it Secured offers a sensible way to build up credit. For starters, there are no annual fees , account maintenance fees or other picayune charges Plus, the Discover it Secured earns rewards on your spending. You can earn 2% cash back on purchases at gas stations and restaurants on up to $1,000 in purchases each quarter, plus unlimited 1% cash back on all other purchases.
Most helpful positive review
Credit Karma said I had a poor chance of recieving this card and recommended a secured card, but I applied anyway. I was notified of approval and recieved my card within two weeks. I called customer service, paid my $89 processing fee and within minutes the card was active.
Most helpful negative review
Paid all the fees, right away. Then I used the line almost to the 300 limit. Then, I paid it in full. I was aware of the long 'hold' on funds I was warned about in the terms. No problem, right? A week later I get a letter in the mail saying they need me to verify suspicious activity and not to attempt use of the card.
How many cycles does a First Access card review take?
First Access card reviews your usage of the card for evaluation purposes, usually after 12 billing cycles . You can use this review to push for a First Access credit increase on your credit line. Applications for this service are usually successful, but they also incur extra fees.
Is First Access Visa good?
Yes. While some First Access Visa® credit card reviews complain about the many fees on top of the high APR, First Access is a fair option considering it offers flexible credit requirements, is generally easy to use and access, and almost always has a positive impact on credit scores. Its customer service also performs admirably. Additionally, all three credit bureaus receive its annual credit report on accounts, so you're not just putting in work to build your score; that data is also being recorded where it matters.
Suggested credit score
There's no minimum credit score recommended for the First Access Visa® Credit Card. It's possible to get approved with a FICO® Score of 500 or under, which falls into the poor credit range. First Access may also approve your application even if you have no activity on your credit file yet.
Alternatives to consider
If you want no annual fee and excellent customer service: The Discover it® Secured Credit Card is one of the best secured credit card options we've seen. It doesn't charge an annual fee, and it even offers cash back on your spending. Discover also has a great reputation among credit card companies for customer satisfaction.
About the Author
Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia.
How much does a first access visa cost?
If you get approved for the First Access Visa Credit Card, you will have to pay an $95 program fee before your account is even open. And that’s just the beginning. You’ll also pay a $75 first-year annual fee. And while that falls to $48 in the second year, it’s joined by a $8.25 monthly service fee that actually increases your overall costs.
What is the first access credit card?
The First Access credit card is designed for people with less-than-perfect credit, so people with bad credit can be accepted. If you don’t get an immediate decision, you can check the status of your application on their website, or over the phone at 888-267-7980.
How to check if my Vervent card is approved?
Applicants can check their First Access Card application status online or by phone at 1 (888) 267-7980. For both methods, you’ll need to provide your date of birth and application ID so that Vervent can match you to your application. It should only take a few minutes to find out whether your application is approved, denied, or pending.
How to get a pin for a credit card?
Best Way to Get a First Access Card PIN. Call Total Card Inc customer service at 1-888-267-7980 or call the number on the back of your First Access Card. Inform the representative that you want a credit card PIN. Receive the PIN in the mail, over text, or by email.
What is the annual fee for a First Access card?
Its key feature is that it offers an unsecured credit limit with no security deposit needed. The annual fee is $75 1st yr, $48 after.
How to check my First Access card balance?
To check your First Access Card balance, log in to your Bank of Missouri online account, call credit card customer service at 1-888-267-7980.
How to pay First Access card processing fee?
You can pay your First Access card processing fee by calling 1-844-206-4371 or online.
What is First Access Visa?
First Access Visa Credit Card is an unsecured genuine visa credit card issued by The Bank of Missouri permitted from Visa U.S.A. Inc. The credit card issuer, the Bank of Missouri has been serving for more than 125 years and BauerFinancial, Inc. has awarded it a 5-Star Rating.
How much does First Access Visa Cost?
When you decide to use First Access Visa after qualifying, you need to watch out for the card fees. Let’s tour a pack of fees and charges that come along with the card.
