Comprehensive Overview of the First National Bank Secured Visa Credit Card

The First National Bank Secured Visa is a notable credit card option designed primarily for individuals looking to build or improve their credit scores while enjoying manageable credit features. Issued by First National Bank, this secured card provides a solid foundation for responsible credit use.

Card Type

This card falls into the category of secured credit cards, making it an excellent choice for those who might have a limited credit history or a less-than-perfect credit score. Secured cards often require a cash deposit that acts as collateral, which sets them apart from unsecured credit cards.

Annual Fee

The First National Bank Secured Visa has an annual fee of $29. This fee is relatively standard for secured credit cards, and considering the potential credit-building benefits, it can be seen as a worthwhile investment.

Rewards Program

This card does not operate a traditional rewards program as seen with cashback or travel reward cards. Instead, its primary focus is on helping cardholders establish a credit history. Users benefit from timely reporting to credit bureaus, which plays a crucial role in improving credit scores over time.

Sign-Up Bonus

Unfortunately, the First National Bank Secured Visa does not offer a sign-up bonus or introductory offer. Its structure emphasizes credit building rather than rewards or bonuses.

APR (Annual Percentage Rate)

The regular APR for the First National Bank Secured Visa is 23.99%. This rate can be high compared to some other credit options, so users are encouraged to pay their balances in full each month to avoid accruing interest. There are currently no introductory APR offers available for new cardholders.

Foreign Transaction Fees

When utilizing the First National Bank Secured Visa internationally, cardholders should be aware that it incurs a foreign transaction fee of 1%. This could be a consideration for frequent travelers.

Balance Transfer Options

This secured card does not provide any promotional balance transfer offers, such as 0% APR transfers. Users seeking to consolidate existing credit card debt may need to look for alternative options.

Additional Fees

Aside from the annual fee, the First National Bank Secured Visa has additional important fees, including late payment fees up to $35 and cash advance fees of either 3% of the amount of the cash advance or $5, whichever is greater.

Card Benefits and Perks

While the First National Bank Secured Visa may not have extensive luxury benefits found in premium cards, it still offers essential features such as fraud liability protection. This safeguard ensures that cardholders are not responsible for unauthorized charges made with their card.

Customer Protections and Insurance

In addition to fraud liability protection, cardholders will benefit from purchase protection, which safeguards new purchases against damage or theft for a certain period. Furthermore, users can enjoy rental car insurance when the card is used to pay for the rental.

Eligibility and Credit Score Requirements

To qualify for the First National Bank Secured Visa, applicants typically need a credit score in the range of 300 to 669, making this card accessible for those who are new to credit or looking to rebuild their scores. The application process is straightforward and designed to foster positive credit habits.

Introductory Offers

As mentioned earlier, the card does not provide any introductory offers or 0% APR promotions, which is typical for secured credit cards focused on credit building.

Special Features or Unique Selling Points

The key selling point of the First National Bank Secured Visa is its role in helping users build or rebuild their credit profiles. Additionally, the card requires a cash deposit that becomes the credit limit, providing a structured way to manage spending.

How to Apply

Applying for the First National Bank Secured Visa is a simple process. Interested individuals can apply online or visit their local branch. To start your application, visit the UpCube.net.