Rewards 660 Visa® Review | Bad Credit Credit Card
Rewards 660 Visa® Review | Bad Credit Credit Card – Today we would like to give you the Rewards 660 Visa® Review. This is the card which is design for those with poor or no credit and has minimal criteria for approval.
There are several fees you should pay when applying for this card. You should pay the initial payment of $40 before you can use the card. You also need proof a gross monthly of $1,000 and above to qualify. You are eligible for a $75 credit limit increase once every 3 months. The maximum credit limit is $2,000.
Here are the other fees you should pay :
- A one-time account set-up fee : $97.00
- One-time program fee : $90.00
- The annual fee : $48.00
- The participation fee : $ 15.00 per month which works up to $180.00 per year
- Starting credit limit : $300.00
Fee for your first month’s statement:
1. Annual Fee of $48.00,
2. One-time Account Set-Up Fee of $97.00,
3. One-time Program Fee of $90.00,
4. Monthly Participation Fee of $15.00.
With these fees you will have $50.00 of credit after these charges at card issuance. But you must make an initial payment of $40.00 before you can activate and use your Account. After your payment has cleared and posted to your Account, your available credit will be $90.00.
Now let’ talk about the APR. The APR is a fixed rate of 19.92%. The grace period is 25 days.
The great thing about Rewards 660 Visa® is that the card is using the month periodic rate rather than a daily periodic rate. This result in a lower effective interest rate compared to an identical APR card using the daily periodic rate.
But I think the Rewards 660 Visa® has the high set-up and program fees. Beside the monthly maintenance fees are slightly higher than peers.
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October 20th, 2008
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