Rating: 4 Stars
Bottom Line:
High Fees for Low Credit Line
TABLE OF CONTENTS
Card Details
| Regular APR: | 34.99% (Variable) |
| Intro APR (Purchases): | None |
| Intro APR (Balance transfers): | None |
| Rewards Rate: | None |
| Credit Needed: | (0 – 300) Bad/Limited/No |
| Annual Fee: | $75 for first year, then $48 |
| Card Brand: | Visa |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- Perfect tool for people who have faced financial challenges and struggled to get credit in the past
- Manageable monthly payments
- Reports monthly to all three major credit bureaus
- Accepted by merchants throughout the USA and online
- Checking account required
Is Total Visa worth it?
Total Visa is a solid unsecured card for people with bad credit. Because it doesn’t require a security deposit, it has high fees, including a program fee and high annual fee in the first year followed by a moderately reduced annual fee and a monthly servicing fee in the second year.
Total Visa also has the unusual exclusion that it may not be used at an automated fuel pump, i.e. you can’t use this credit card at a gas pump. The card also can’t be used outside the US. Your initial available credit is $225, $300 less your $75 annual fee. There is some saving grace, which is that if you decide to not go forward with the card, you won’t pay any of the fees as long as you have not used the account or paid a fee after receiving a billing statement.
Similar cards are Indigo Platinum MasterCard, First PREMIER Bank Mastercard, First Access Visa, Merrick Bank Double Your Line Visa, but in order to properly recommend the best credit cards, we have to look at options that require putting down a security deposit.
Discover it Secured has no annual fee, only requires a $200 security deposit and gets you 2% cash back at gas stations and restaurants on up to $1,000 in purchases each quarter. With Discover’s cash back match, if you spent $1000 on gas during the year and $500 on restaurants, you would earn $60. Discover returns the deposit to you if you close the account.
Pros
- Provides a valuable credit line
Cons
- Credit line is $225
- High APR
- $89 program fee
- Monthly servicing fee of $6.25 per month after that
Why 4 Stars?
Regular APR
4 Stars
Intro APR
4 Stars
Fees
4 Stars
Perks
4 Stars
Overall
4 Stars
Fees
| Foreign Transaction Fee | None |
| Balance Transfer Fee | No Balance Transfers Allowed |
| Cash Advance Fee | None for first year (introductory). After that, either $5.00 or 5% of the amount of each cash advance, whichever is greater |
| Penalty APR | None |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Extended Warranty Program |
| Lost Luggage Reimbursement |
| Purchase Protection |
| Roadside Assistance |
| Travel Accident Insurance |
| Travel Assistance |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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