Tribute MasterCard 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. This bank has been in the sub prime lending business for years.
Your card can be used to improve your credit score. It will create a positive payment history on your credit by making your on time monthly payments.
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 initial credit limit will be $300. Your card does have monthly credit reporting to all three major bureaus.
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 have easy approval requirements and no minimum income for this card. You will have free online account access and there is no application fee.
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.
Your card can be used to improve your credit score. It will create a positive payment history on your credit by making your on time monthly payments.
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 initial credit limit will be $300. Your card does have monthly credit reporting to all three major bureaus.
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 have easy approval requirements and no minimum income for this card. You will have free online account access and there is no application fee.
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.
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posted by Debt Consolidation Loan at
8:13 AM
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