Tag: zero annual fee

  • KeyBank Secured Visa Platinum

    KeyBank Secured Visa Platinum

    Explore the KeyBank Secured Visa Platinum

    If you are looking to rebuild your credit or establish a healthy credit history, the KeyBank Secured Visa Platinum could be your perfect financial companion. Issued by KeyBank, this secured credit card enables you to enjoy several benefits while minimizing your risks. Below, we will dive deep into the various features, fees, and advantages of the KeyBank Secured Visa Platinum.

    Card Type

    The KeyBank Secured Visa Platinum is classified as a secured credit card. This type of card requires a cash deposit that acts as your credit limit, making it an excellent choice for those who are looking to improve their credit score.

    Annual Fee

    One of the attractive features of the KeyBank Secured Visa Platinum is that it comes with a $0 annual fee. This makes it an economical choice for those who wish to manage their expenses efficiently.

    Rewards Program

    Unlike many traditional credit cards that offer cashback or travel rewards, the KeyBank Secured Visa Platinum focuses primarily on building credit rather than generating rewards. However, every responsible use of the card contributes positively to your credit score, which can pave the way for future credit opportunities.

    Sign-Up Bonus

    This card does not typically offer a sign-up bonus as found in many unsecured credit cards. However, securing the card does lay the foundation for better credit opportunities in the future if adequately managed.

    APR (Annual Percentage Rate)

    The regular APR for the KeyBank Secured Visa Platinum is competitive, standing at a variable APR of 22.99%. While there are no introductory APR offers, maintaining timely payments can help you avoid additional interest charges.

    Foreign Transaction Fees

    When traveling abroad, the last thing you want is unexpected costs. The KeyBank Secured Visa Platinum has a foreign transaction fee of 3% of each transaction made outside the U.S. It’s essential to consider this charge when using the card internationally.

    Balance Transfer Options

    Currently, the KeyBank Secured Visa Platinum does not provide any promotional balance transfer options or zero-interest introductory offers. If you are looking to consolidate debt with lower fees, you may need to explore other card options.

    Additional Fees

    While the card has no annual fee, be mindful of some other potential fees associated with its use. This includes:

    • Late Payment Fee: Up to $37
    • Cash Advance Fee: The greater of $5 or 3% of the transaction.

    Card Benefits and Perks

    Although this secured card does not come with extravagant perks frequently offered by premium credit cards, it has essential benefits, including:

    • Fraud Liability Protection: Cardholders are protected against unauthorized charges.
    • Monthly Reporting to Credit Bureaus: Responsible usage ensures better credit development.

    Customer Protections and Insurance

    The KeyBank Secured Visa Platinum offers various customer protections. These features include:

    • Purchase Protection: Covers your purchases against theft or damage.
    • Extended Warranty: Extends the manufacturer’s warranty for eligible purchases.

    Eligibility and Credit Score Requirements

    This secured credit card is aimed primarily at individuals looking to establish or rebuild their credit scores. A recommended credit score is typically below 620 for approval, making it suitable for a wide audience.

    Introductory Offers

    As this card does not typically feature introductory offers like 0% APR promotions, users are encouraged to focus on building credit history through consistent repayments instead.

    Special Features or Unique Selling Points

    The KeyBank Secured Visa Platinum stands out because it is specifically designed for those who might have credit challenges. Building your credit this way is a significant advantage, particularly compared to unsecured cards for applicants with limited credit history.

    How to Apply

    Applying for the KeyBank Secured Visa Platinum is straightforward. Interested individuals can apply ‘>Official Website or check out UpCube.net for further financial insights.

  • Fortera Credit Union Student Visa

    Fortera Credit Union Student Visa

    Fortera Credit Union Student Visa: A Comprehensive Overview

    The Fortera Credit Union Student Visa is designed specifically for students seeking to establish their credit history while enjoying numerous benefits that cater to their unique financial needs. Issued by Fortera Credit Union, this card offers a range of features that make it an excellent choice for young adults embarking on their financial journeys.

    Card Type

    The Fortera Credit Union Student Visa is a student credit card, tailored for individuals who are enrolling in higher education institutions. It serves as an ideal financial tool for those looking to build credit responsibly while managing their spending.

    Annual Fee

    One of the standout features of this credit card is its $0 annual fee. This means students can utilize the card without worrying about extra charges typically associated with many credit cards, making it budget-friendly for those on a tight financial plan.

    Rewards Program

    The rewards program provides an avenue for students to earn cashback on their purchases. Cardholders can enjoy 1.5% cashback on all eligible purchases, which can be particularly beneficial for students who frequently buy textbooks, supplies, or other essentials. Cashback rewards can be redeemed directly as statement credits, making it a simple and flexible way to save money.

    Sign-Up Bonus

    New applicants can take advantage of a welcome bonus that awards bonus cashback on their first $1,000 spent within the first three months of account opening. This feature incentivizes new cardholders to use their card and jumpstart their rewards accumulation from the outset.

    APR (Annual Percentage Rate)

    The Fortera Credit Union Student Visa offers a competitive regular APR of 14.99% for purchases. For new cardholders, an introductory APR of 0% for the first six months is also available, allowing students to make larger purchases without incurring interest during a crucial transition into college life.

    Foreign Transaction Fees

    For students who study abroad or travel internationally, the Fortera Credit Union Student Visa does not impose any foreign transaction fees. This feature makes it a practical option for those who plan on using their card outside of the United States.

    Balance Transfer Options

    The card provides a balance transfer offer, allowing students to transfer balances from other high-interest credit cards at a favorable 0% APR for the first 12 months. This allows for a straightforward way to manage debts by reducing overall interest costs.

    Additional Fees

    In addition to its no annual fee, this card has several important fees that prospective cardholders should be aware of. Late payment fees are typically around $35, and cash advance fees may apply, often set at either a flat fee or a percentage of the cash advance amount.

    Card Benefits and Perks

    The Fortera Credit Union Student Visa comes with several benefits aimed at enhancing the user experience. Cardholders receive access to travel insurance for trips booked with the card, 24/7 customer service, and discounts on specific retail purchases. These perks can greatly enhance a student’s lifestyle and financial flexibility.

    Customer Protections and Insurance

    In terms of security, the card offers fraud liability protection, ensuring that cardholders are not held responsible for unauthorized transactions. Additionally, the card features purchase protection, which covers eligible items against theft or damage for a set period after the purchase. Lastly, rental car insurance is provided for reservations made with the card, adding a layer of security during travel.

    Eligibility and Credit Score Requirements

    To qualify for the Fortera Credit Union Student Visa, a recommended credit score of 600 or higher is suggested, though students without established credit histories may still have opportunities for approval based on their financial standing. Additionally, applicants must be a student enrolled at an accredited institution.

    Introductory Offers

    The introductory offers available to new applicants include the aforementioned 0% APR for both purchases and balance transfers for the first several months. These offers present students with a cost-effective way to manage their finances during the beginning stages of their credit journey.

    Special Features or Unique Selling Points

    What sets this card apart is its focus on students. It encourages responsible spending and provides extensive educational resources on credit management, making it a valuable tool for young consumers. The simplicity of its rewards program and lack of an annual fee are considerable draws for students newly facing financial independence.

    How to Apply

    Applying for the Fortera Credit Union Student Visa is a straightforward process. Prospective cardholders can apply ‘>Official Website.

    For more financial insights, consider visiting UpCube.net.

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