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Total Visa is a good option for those who need a credit card to improve their financial history. It offers a chance for a fresh start, being easy to be approved.
And the best: it still offers 2% unlimited cashback on all purchases, which is great for those who use the card in everyday life.
If you’re looking for a simple way to rebuild your credit and be rewarded for it, Total Visa may be the right choice for you. Want to know how to apply for yours? Read on!
Total Visa
Designed for building Easy applicationHow does the Total Visa work?
Total Visa is a credit card that works in a simple way. Upon approval, you receive an initial credit limit of $300, which can be increased as the card is used responsibly.
Over time, it helps to build or improve your credit history as all of your transactions are reported to major credit agencies.
The card does not require a security deposit, which is an advantage for those who are starting out or trying to rebuild their credit.
However, it charges an annual fee of $95, which will be paid at the time of opening the account.
In addition, there is a APR fee of 35.99% for cash purchases and advances, which means that if you don’t pay the full invoice on time, interest will be very high.
Main benefits for the Total Visa
Total Visa brings several advantages to those who seek to build or improve their credit.
One of the main benefits is the fact that it is accepted in millions of establishments, since it is a Visa card.
It also offers 2% unlimited cashback on all purchases, which is great for those who shop frequently.
Another advantage is that even being a card for those who are starting or have limited credit, it does not require a security deposit, which makes access even easier.
The initial $300 limit can be a good starting point, and over time you may request an increase.
Total Visa also reports activities to the top three credit bureaus, which helps build or improve your credit history.
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Cons for the Total Visa
While Total Visa has many benefits, it also has some drawbacks. The first is the $95 annual fee, which is charged at the time of opening the account and reduces the amount of credit available.
Another disadvantage is the APR rate of 35.99%, one of the highest in the market.
If you are unable to pay the invoice in full, interest can quickly accrue, making it more expensive to use the card.
Also, the initial credit limit is only $300, which may not be enough for those who already have a more robust financial history.
Although it is a good option for those who are starting out, the fees and low limit may not be as advantageous for those who already have a good credit.
APR and Fees
Total Visa has a APR of 35.99%, which is quite high compared to other credit cards. This means that if you do not pay your bill completely on time, interest will be very high.
In addition, the card charges an annual fee of $95, which is charged at the very beginning.
After the first year, Total Visa still charges a monthly service fee of $8.25, which can weigh on the budget.
If you do not make the payment on time, there is a late fee of up to $41. The card also charges a fee of up to $41 for returned payments.
These fees are important to consider, especially if you plan to use the card frequently but don’t want to pay the full balance every month.
How to apply for the Total Visa
Total Visa is for those who are starting to build their credit or need a second chance.
It is a good option for people with limited or bad credit, as it offers the opportunity to improve financial history. To apply, you must be over 18 and have a bank account.
The process is simple: just go to the Bank of Missouri website, fill out the form with your personal and financial information and wait for approval.
In general, the response is quick and you receive confirmation within minutes. The initial limit is $300, and the annual fee of $95 is charged at approval time.
There is no need for a security deposit, but it is important to be aware of the fees that the card charges, such as high APR and annual and monthly fees.
After approval, the card will be sent to your address, and you can start using it quickly.
