Credit Cards have changed the fortune of people who use them responsibly. In comparison to this, people who’ve not taken things like APR and verification seriously are struggling from bad credit scores.
A major chunk of credit card users likes to have promotional offers. In availing them, they don’t consider warnings like maintaining their utilization ratios. To consolidate their irresponsible practices, many banks and companies are publishing credit card reviews. Accordingly, they’ve rolled out credit cards for people with bad credit. After thorough research, below is a review of the fit MasterCard, a review of the total visa credit card and assent platinum card review is published.
1)The Fit MasterCard: The company has rolled out fit MasterCard for the people having a limited credit history. People who’ve zero or no credit history should try another one. The company wants users to have experience of how credit is managed. Now let's check out the Insights of the fit MasterCard in a hierarchy:
• Annual Fee: Buyer has to pay an annual fee of $99 while purchasing card. As the category of the card is unsecured, there is no need of any collateral. It is a major benefit for salaried people. Users who want to avoid annual fees should switch to the secured cards. As there is no involvement of collateral, the company needs something to trust.
•One-time fee: The one-time fee of $89 is charged by the company. Users have to pay this fee before the account is opened.
•Credit limit: The credit limit provided initially is $400. It can be increased as per the negotiations between the user and the company. The starting credit limit is $300 and $100 for emergency cases.
•APR (Annual Percentage Rate): The interest rate applicable is 29.9%. This APR is variable and may increase with prior notice. In comparison to the secured cards, the APR or so-called interest rate is high. Accordingly, carrying a balance to the next month may be a costly practice.
2)The total visa credit card: The bank of Missouri reports monthly credit activity to the topmost credit bureaus. Let’s check out the insights:
•No need of security deposit: Like secured cards, users don’t have to pay collateral equal to the credit limit. For example, if the credit limit is $1,000 then the collateral is $1,000. This is a major advantage as covid-19 pandemic has destroyed many businesses. People are out of money and want it urgently. This way they can raise money without investment.
•Cash Advance Fees: The cash advance fees are waived off for the first year. This way users can save more money. However, 3% of cash advance fees apply to all the transactions after the first year.
3)Assent Platinum card review: The third card in the list is very different from the cards discussed above. Here users have to deposit collateral equal to the credit limit. As the card is secured, the interest rate is low. However, in this pandemic, the company has rolled out various benefits. Let's check them out:
•0% intro APR: The company is providing 0% APR for the first six months. This way users can carry a balance for the next month without paying extra. However, users should not rely on free interest as after six months interest rate should be applied.
•APR: Users can enjoy 0% APR for six months. In the seventh month, the interest rate applicable is 18.1%. This APR is very competitive as a lot of banks and companies are offering more than 24%.
• Variable Credit limit: The credit limit varies from $200 to $2,000. Applicants have to submit the money equal to credit limit with the application form. In comparison to the cards discussed above, people having zero credit history should purchase this.
