The Tribute MasterCard is a bad credit unsecured card. It is frequently used to rebuild a low credit score.
The First Bank of Delaware issues this card. They are a reputable sub prime lending institution.
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.
Your APR will be 19.5% this is standard among sub prime lenders. You will have to pay an annual fee with this card; however every bad credit card has an annual fee.
This card will report monthly to all three major credit bureaus. You initial credit limit will be $300.
This card is unique because they are committed to approving most applicants. If you credit is severely damaged you can still be approved for this card, however instead of a $300 limit your card will have a $70 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.
When you apply you will have a 30 second online decision. Also your card will have limit increases with a maximum limit of $2000.
You should also know to get the most benefit on your credit with this card you should aim to keep the balance at roughly 20% of your credit limit. This will help your score because it shows you are in fact using your card and 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. - 15465
The First Bank of Delaware issues this card. They are a reputable sub prime lending institution.
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.
Your APR will be 19.5% this is standard among sub prime lenders. You will have to pay an annual fee with this card; however every bad credit card has an annual fee.
This card will report monthly to all three major credit bureaus. You initial credit limit will be $300.
This card is unique because they are committed to approving most applicants. If you credit is severely damaged you can still be approved for this card, however instead of a $300 limit your card will have a $70 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.
When you apply you will have a 30 second online decision. Also your card will have limit increases with a maximum limit of $2000.
You should also know to get the most benefit on your credit with this card you should aim to keep the balance at roughly 20% of your credit limit. This will help your score because it shows you are in fact using your card and 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. - 15465
About the Author:
For more about the Tribute Credit Card we also suggest the Orchard Bank Credit Card for a review visit us.
