Tribute Credit Card 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. They have been sub prime lending for years and are a trusted leader in the industry.
Your card will help to increase your score. This is because with on time monthly payments you will create a positive payment history on your credit.
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.
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.
Your card does report monthly to all three major bureaus. It will be issued with a $300 credit limit.
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 is no application fee and you have free online account access. In addition there is no minimum income requirement and easy approval.
With both the $300 credit limit and $70 credit limit card you will be eligible to receive periodic credit limit increases. In addition you will have a 30 second online decision when you apply.
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 to anyone with a damaged credit history. You can use it to create a positive payment history and improve your ratio of available credit to debt.
This card is issued by the First Bank of Delaware. They have been sub prime lending for years and are a trusted leader in the industry.
Your card will help to increase your score. This is because with on time monthly payments you will create a positive payment history on your credit.
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.
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.
Your card does report monthly to all three major bureaus. It will be issued with a $300 credit limit.
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 is no application fee and you have free online account access. In addition there is no minimum income requirement and easy approval.
With both the $300 credit limit and $70 credit limit card you will be eligible to receive periodic credit limit increases. In addition you will have a 30 second online decision when you apply.
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 to anyone with a damaged credit history. You can use it to create a positive payment history and improve your ratio of available credit to debt.
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For more about the Tribute Credit Card we also suggest the Orchard Bank MasterCard for a review visit us.
posted by Credit Counseling at
7:13 AM
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