DETAIL
With this card you can establish, strengthen or even rebuild your credit.
More details of this card:
Annual Percentage Rate (APR) for purchases: 20.49%. This APR will vary with the market based on the prime rate.
APR for balance transfers: 20.49%. You can then vary with the market based on the prime rate.
APR for Cash Advances: 20.49% based on your credit rating when you open your account, direct deposit and check cash advances; and 25.24% for cash advances of the bank.
Penalty rate: up to 29,99%.
PROS
- It is designed to help you establish, strengthen or rebuild your credit.
- Important account information is shared with the 3 major credit reporting agencies.
- After 12 months, your account may be reviewed and could qualify for a refund of your deposit while you continue using your card
CONS
- The security deposit does not earn interest.
- It presents obstacles to increase the credit limit.
- The maximum limit of your credit (to $ 4.900) will be determined by your income, your ability to pay and the amount of the security deposit you provide.
BONUS
Access to credit education through issues such as responsible use of credit cards, budgeting and more.