Fortiva Secured Visa Credit Card

The Fortiva Secured Visa is an innovative financial product tailored to individuals looking to build or rebuild their credit history. Issued by Fortiva Financial, this secured credit card offers a pathway to greater financial freedom through responsible credit usage. Below is a comprehensive overview of this secured card, its features, and benefits.

Card Type

This card falls under the secured credit card category. It requires a cash deposit as collateral, making it accessible for those with limited or poor credit histories. The Fortiva Secured Visa is an excellent option for customers aiming to strengthen their credit profile.

Annual Fee

The Fortiva Secured Visa comes with an annual fee of $49. However, this fee is relatively low compared to many other credit cards, making it an attractive option for individuals in search of credit-building opportunities without hefty costs.

Rewards Program

Unlike many traditional credit cards, the Fortiva Secured Visa does not offer a standard rewards program. Its primary purpose is to assist individuals in improving their credit scores through responsible usage. While there are no cashback or points programs available, the positive impact on your credit score can pave the way for more rewarding financial products in the future.

Sign-Up Bonus

Currently, the Fortiva Secured Visa does not provide a sign-up bonus or any promotional rewards for new cardholders. However, responsible usage and timely payments can help cardholders establish a solid credit history.

APR (Annual Percentage Rate)

The regular APR for the Fortiva Secured Visa is 29.99%, which is relatively high. Currently, there are no introductory APR offers available. It is essential for cardholders to pay their balances in full each month to avoid high interest charges.

Foreign Transaction Fees

This credit card incurs a foreign transaction fee of 3%. Therefore, if you plan on using the card internationally, its important to be aware of the additional charges that may apply.

Balance Transfer Options

Fortiva does not offer any promotional balance transfer options such as a 0% APR for balances transferred. Its advisable to consider this limitation if you aim to consolidate existing debts or transfer high-interest balances from other cards.

Additional Fees

Aside from the annual fee and foreign transaction fees, cardholders should be aware of other potential charges:

• Late Payment Fee: Up to $39
• Returned Payment Fee: Up to $39
• Cash Advance Fee: Either 3% of the amount or $5, whichever is greater

Card Benefits and Perks

The Fortiva Secured Visa includes several benefits, primarily centered around credit building. Cardholders can enjoy:

• Access to tools for monitoring credit scores
• Fraud protection measures

Customer Protections and Insurance

Cardholders are protected with features such as:

• Zero Fraud Liability: You wont be held liable for unauthorized transactions.
• Purchase Protection: Protection against loss, theft, or damage of eligible purchases.
• Rental Car Insurance: Rental vehicle insurance is offered when the card is used to pay.

Eligibility and Credit Score Requirements

The Fortiva Secured Visa is designed for individuals with a limited or adverse credit history. Generally, applicants are accepted with credit scores below 620. However, approval is subject to review, including your financial history and the ability to make the required deposit.

Introductory Offers

Currently, there are no introductory offers available with the Fortiva Secured Visa. Prospective cardholders should focus on how regular usage can enhance their credit profile over time.

Special Features or Unique Selling Points

One of the cards unique aspects is its focus on credit rehabilitation. The Fortiva Secured Visa also provides tools for credit tracking and management, which are invaluable for those looking to improve their creditworthiness.

How to Apply

Applying for the Fortiva Secured Visa is straightforward. Interested individuals can apply online through the official website of Fortiva. To start the application process, visit ‘>Apply Here and enhance your financial future. For more insights on managing your finances, check out UpCube.net.