A low credit score could make you feel as if you're stuck in a puddle made by you and not able to climb out. You won't be able to get the top personal loans or credit cards; therefore, you must accept an account with bad credit, which comes with a hefty interest rate and charges. This card Total Visa card, is not the best choice for this type of card. The card doesn't just have a high-interest rate that could see your debts piling up when you don't pay the account in full each month; it also will charge the cardholders fees at every turn. It is a bad choice for anyone with bad credit. Total Visa cards should only be considered for those with poor credit ratings who do not want to get an account secured by a credit account (though there are many great secure credit card options). Everyone else can find better rates elsewhere.
Welcome Offer
A credit card that is designed to aid you in rebuilding your credit score, its Total Visa credit card is quite basic. It doesn't provide any cash or points on purchases, and it doesn't offer a welcome bonus when you spend a certain amount within the first couple of months like a similar credit card. Remember that building credit depends on the quality of your payments, maintaining the ratio of your utilization at a low, and making at least the minimum amount per month.
The only introduction offer you'll get with this credit card would be a waiver of the monthly service fee for the first year. Suppose you opt to apply for this card to help rebuild your credit. In that case, you should take note of the following: Total Visa; to help rebuild your credit score, it is recommended that you work for the next 12 months to establish an adequate credit score to be eligible for a credit card that does not charge service fees at all.
Best For
The Total Visa Credit Card is intended for those with bad credit or a lack of credit history who isn't able or would not make an amount of money to secure a credit card. The applicant can apply online for the card and get a response in just a few seconds. If approved, you'll get access to an unrestricted Visa card, which you can use at any merchant all over the United States.
Cardholder Experience
The Bank of Missouri issues the Card. Since it is a smaller issuer for credit cards, The Bank of Missouri is not part of the J.D. Power Credit Card Satisfaction Study. For any questions related to your credit application for a credit card or to pay your program fees to create an account, you can reach us at 877-526-599. To check the balance of your account or to make a payment, contact 877-480-6988. If you want to report a stolen or lost card, contact (877) the number 480-6988. It is available 24 all day, seven every days a week.
Security Features
The card is very basic in its security features. While you're not generally responsible for purchases that are not authorized, however, you must inform The Bank of Missouri orally or in writing whenever you become aware that your credit card has been lost or stolen or was used without your permission. There are exceptions, however, to you, and you could be held accountable for up to $50 in charges that were not authorized in certain instances.
Pros
Does Not Require An Additional Security Deposit
People with bad credit or a poor credit history typically make use of secured credit cards to begin building or rebuilding their credit. With secured credit cards, you need to pay a security amount, the credit limit. Secured cards typically require you to make deposits of up to hundreds of dollars at a time to use the card. This can be expensive for some people to pay. It is possible that you will be eligible to use the credit card regardless of whether you have credit that isn't stellar, and you can get an amount of credit of $300 without having to make use of your funds as collateral.
Cons
Costly Charges
Although this Total Visa Credit Card doesn't require an additional security deposit, however, it comes with several expensive fees you need to take note of:
Annual Fee
The annual fee is $75 for your initial year and $48 for each year following that. For instance, if your credit card limit is $300, then your first credit limit is $225.
Monthly Service Fee
The servicing fee is zero in the initial year. It increases to $75 after that ($6.25 charged monthly).
