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An equipment is probably the major investments you might at any time make. Appliances are generally hefty buys, and are a single of the most critical portions of your private home. You count on appliances for almost everything from cooking to cleaning, and particularly contemplating the quantity of dollars you are going to be placing forth for it, it only is sensible that you would wish to be sure to make the most smart obtain.
Home appliances is often a expression that is used very commonly these days but what does it stand for? Residence appliances stand for that mechanical and electrical products which can be employed at your house for the performing of the usual home.
I reviewed the First National Bank Secured Visa Card over a year ago and I’ve received several requests for an updated review. Overall, it’s still a good card, but I want to add some details that readers have pointed out. But first, the basics: This card is issued by First Bankcard, which is a division of the First National Bank of Omaha. The issuer reports your payment history to all three major credit bureaus, so you can rebuild your credit history if you use this card responsibly.
Now, before you go any further, this secured card is only available in seven states: Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota, and Texas. If you live in one of these states, keep reading. If not, you might want to check out my famous list, The Best (and Worst) Secured Credit Cards, and consider a different card. Also, this issuer, First Bankcard, offers The Kickstart Secured Visa Card, which is more available.
I’m working on a review and it will be posted soon. According to what I’m hearing, the First National Bank Secured Visa Card reports as “secured.” Don’t let that fact dissuade you. Wait, you know what? I haven’t used “dissuade” since I was trying to impress my English teacher in the 7th grade. Every once in a while I like to toss out rarely used words. I’m just a word nerd at heart.
Okay, back to this “reports secured” business. Even when a card is reported as “secured,” that’s not a reason to bypass it. Here’s why it might not be a big deal: Does the FICO Score Treat Secured Credit Cards Differently? Okay, let’s take a look at the numbers you need to know about. Rates and fees Okay, a few things have changed. There’s been a teeny-tiny upward tick of the APR, but not enough to make me get uptight over it.
APR for purchases: You get a variable 18.24 percent. Balance transfers: The balance transfer APR is a variable 18.24 percent. The transfer fee is 5 percent, which is higher than average. This is not a good deal. Related: Green Dot Bank primor Secured Visa Classic Card Review Annual Fee: It’s $19. APR for cash advances: You get a variable 25.49 percent. There’s also a 5 percent cash advance fee.
Interest starts accruing immediately. If you read my reviews, you already know my advice: Do not get a cash advance unless it’s a freaking emergency. Seriously. Foreign transaction fee: It’s 3 percent. Deposit required: You must deposit an amount between $300 – $5,000. This is a Certificate Savings Deposit Account, but you do not earn interest on it. Any additional deposits must be approved by the issuer and made in increments of $50.
Credit limit: Your limit equals the amount of your security deposit. Bottom Line Overall, the First National Bank Secured Visa Card looks like a good option and it stays in the top tier of my secured credit cards list. The downside is that it’s limited to seven states. But if you live in one of those states, the APR is pretty good for this category. U.S. citizenship is not required, but you do need a valid SSN or ITIN (individual taxpayer identification number) and U.
S. address. And the good news is that, per the website, you might have an “opportunity to move to a deposit free card in as little as 15 months when you maintain a good payment history with us.” And here’s another great perk: You get access to your free FICO 8 Bankcard Score online. This is a great way to keep tabs on your credit health and I love it that so many issuers are giving scores to their cardholders.
But just one thing I want to mention. I checked out ConsumerAffairs.com and there are several complaints about the First National Bank of Omaha. Now, there could be thousands and thousands of satisfied customers who never say anything. So I’m just mentioning this in the interest of full disclosure. Let me know if you’ve had dealings with this bank recently and how it went. Related: Fifth Third Bank Secured Card Review Note: Credit card agreements change frequently.
So my review is based on the information that I believed to be in effect today. Be sure you read all the disclosure statements carefully before applying for a credit card.