What Are the Advantages of a First Savings Credit Card?


Quick Answer

The advantages of a First Savings credit card are that it is unsecured, can be obtained by those with poor or no credit rating and can be used such people to improve their credit standing. Also, Better Business Bureau has given an A+ rating for the company.

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Full Answer

There are different types of unsecured credit cards offered by First Savings. Any one of these cards can be obtained by individuals with poor or no credit histories. Such individuals can use the credit cards to improve their credit scores, provided they make all payments within given time limits.

The mid-grade credit card offer has an annual interest rate of 21.9 percent, and two others designed for people with bad credit histories have an annual interest rate of 29.9 percent. These types of First Savings credit cards carry annual fees of $50 and $75, respectively, with an additional $20 for an authorized user and late payment penalty of $25. The best credit card offer from First Savings for those with bad credit comes with an annual interest rate of 15.6 percent, with the interest rate being charged on the balance owed. This card does not entail an annual fee, and the late payment fee is nominal at $10. The stellar rating from the BBB indicates the legitimacy and reputation of First Savings.

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