If you are planning to have a First savings credit card but do not have any information about that particular one then, this article is entirely for you. You can find the review and introduction of the First savings credit card. The First Savings credit card is an unsecured credit card aimed at persons who have bad credit or are seeking to restore their credit. The First Savings Mastercard does not require a security deposit because it is unsecured, but it does come with high costs to counteract its benefits.
What is a First savings credit card?
The First Savings Credit Card is issued by the First Savings Bank. It’s a straightforward unsecured credit card with no frills. This card is usually used by those who require a credit card in order to begin the process of restoring their credit score.
You can apply for a straightforward First Savings Mastercard and use it to build your credit history by making tiny monthly payments.
Here’s a quick rundown of the benefits of the First Savings Credit Card-
|Annual Fee||17.15%, 24.15%, or 29.90%|
|APR||17.15%, 24.15%, or 29.90%|
|Sign up bonus||$0|
|Benefits||People with a limited or weak credit history are eligible. Each month, payments are reported to the credit bureaus. The security deposit is not needed. Account access via the internet|
|Other Fees||Cash advance fees range from 2% to 5%. Authorized user charge of $202% transaction fee for international transactions late payment fees of up to $25A fee of up to $25 may be charged if a payment is returned.|
Offers from First Savings Credit Cards
Advantages of Holding a First Savings Card Membership
At this time, there are no special offers or membership advantages available. As a member, you will have access to certain basic features, such as-
The First Savings Mastercard has both advantages and disadvantages. Here’s a list of some of the benefits and drawbacks.
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It’s simple to apply for the First Savings Mastercard if you received an offer in the mail.
To begin, go to the First Savings credit card website and look for the green “accept online” button.
Then, on your invitation offer, input the reservation number and access code. If you’re having difficulties finding it, First Savings offers a graphic on their website that shows where these numbers may be found on the offer mailing.
You should be able to access the credit card application after entering your reservation number and access code. You’ll need to supply some personal information, such as your name, address, and job status, as well as facts about your monthly income.
You have free access to the website as a cardholder, where you can-
Alternatives to the First Savings Credit Card
Not everyone will be a good fit for the First Savings Mastercard. Fortunately, there are viable options accessible, even for people with less-than-perfect credit.
If you don’t want to commit to the First Savings card because of your bad credit, there are three more options to consider.
The Discover it Secured credit card requires a security deposit, but it doesn’t have an annual fee, making it a popular alternative for people who are trying to rehabilitate their credit. The minimum deposit is $200, however, if you desire a bigger credit limit, you can deposit up to $500.
This card also gets excellent marks for its rewards program, which is unique among secured credit cards in that it offers cash back. You can get 2% cash back on gas and eating up to $1,000, as well as 1% cash back on all other transactions. There is no annual fee, and the annual percentage rate (APR) is 24.49 percent. While this may appear to be a bit high, it’s still less than the 29.9% APR that the First Savings Mastercard is anticipated to provide.
The Capital One Secured Mastercard requires a security deposit, which varies depending on your credit score and can be as low as $49, $99, or $200. After five months of prudent use, cardholders may be eligible for a credit limit increase.
The Capital One Secured card has no annual fee, despite the high APR of 26.99 percent. You can use the card without paying interest as long as you don’t hold a balance.
The Citi Secured Mastercard requires a $200 security deposit, but there are no annual or monthly fees. The card also has a $2,500 credit limit, which is larger than many secured credit cards.
The Citi Secured Mastercard features a lower interest rate than many other credit cards for consumers with terrible credit, with a 23.49 percent APR. Cardholders also have free access to their FICO score, which can be extremely useful for building or rebuilding credit.
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Frequently Asked Questions:
The approval procedure is usually relatively short, taking only a few days (sometimes even if it is completed instantaneously). However, it may take longer than a week in some circumstances.
Customers’ credit histories are analyzed by the firm behind this credit card, and those who are interested are sent invitations. There’s nothing you can do about it, though.
You may receive this credit card even if you have bad credit, as we said before in this First Savings credit card review. This means that if you have received an invitation, you can apply for this credit card.
To close your First Savings MasterCard account, you must contact the company’s customer service department. We recommend dialing 888-469-0291 for this purpose.
Customers who have received an invitation offer can apply for this credit card regardless of where they live in the United States.
Customers often receive a credit line of little more than $300, as we indicated before in this First Savings MasterCard review. Furthermore, cardholders rarely receive credit line increases in general.
You can check the status of your application on First Savings Bank’s website or in your email inbox.