First Access Credit Card Review - YouTube

Hey, WalletHubbers!

Today, we’re talking about the First Access Credit Card.

If you’re looking for a quick overview, there are five things you really need to know

about the First Access Card…

First, the First Access Credit Card is an unsecured card that people with limited or

damaged credit can get.

In other words, you don’t need to place a refundable security deposit to get approved.

Second, the First Access Credit Card is very expensive.

There’s an $89 “program fee” that you have to pay before even opening an account.

Then, there’s a $75 annual fee the first year.

Starting year two, there’s an annual fee AND a monthly fee, adding up to a total of

$123 per year.

Third, the First Access Credit Card offers a credit limit of at least $300.

That won’t cover too many emergency expenses, especially since the annual fee will be subtracted

from your available credit initially.

You could have just a bit over $200 in spending power to start with.

Plus, any balance that you carry from billing period to billing period will rack up interest

charges at a REALLY high rate - above 30%.

Fourth, the First Access Credit Card reports to all three major credit bureaus each month.

That gives you the opportunity to add positive credit history to your credit reports and

build a better credit score.

Fifth, the First Access Card may be better than some of the alternatives if you’re

in a bind and need to borrow.

But if you just want to rebuild your credit, consider a secured credit card instead.

Well, those are the five key things you really need to know about First Access.

You can learn more or apply for the First Access Credit Card online by clicking the

button here.

If you want some more info first, I’ve got you covered there, too…

For starters, a lot of people want to know whether the First Access Credit Card offers

any rewards...

I’ve got bad news for you: it doesn’t have any.

Few credit cards for people with limited or poor credit do.

Another common question is whether the First Access Credit Card does a credit check when

you apply?

Yes, there’s a hard inquiry into your credit history when you apply for the First Access

Credit Card.

This will likely cause a small, temporary decline in your credit score.

But that would be the case with any credit card you apply for.

And that’s one reason you should pick the card you go after carefully.

Similarly, does First Access guarantee approval for everyone, no matter how bad their credit

history is?

Unfortunately not.

While applicants with bad credit are considered for First Access, no credit card offers 100%

guaranteed approval.

There’s always some sort of requirement you have to meet.

At a minimum, the First Access Credit Card has the following requirements:

You must be at least 18 years old, be a U.S. resident, and make enough money to afford

monthly bill payments.

People who’ve applied also report needing a credit score of at least 550.

Finally, is there anything else worth knowing about the First Access Credit Card?

One thing worth mentioning is that the First Access Credit Card sometimes runs a promotion

where there are no cash advance fees for the first year your account is open.

But remember that cash advances have really high interest rates that apply right away,

so it’s still best to avoid them.

Another, probably less important detail, is that you’ll also have the opportunity to

choose your card design from the First Access gallery.

With that, you should have what you need to make an informed decision about the First

Access Credit Card.

To learn more, and submit an application, you can head to this button right here.