Tribute MasterCard Review

The Tribute MasterCard is often used to help rebuild a low credit score. It is an unsecured bad credit card.

This card is issued by the First Bank of Delaware. They have been sub prime lending for years and are a trusted leader in the industry.

Your card can be used to improve your credit score. It will create a positive payment history on your credit by making your on time monthly payments.

When your score is calculated this is one of the biggest influences on your score. In addition this will help to improve your ratio of available credit to debt. This ratio is how much debt you have compared to how much credit you have that is not being used.

There will be an annual fee; however every sub prime card carries an annual fee. You will have an APR of 19.50% which is standard for these cards.

Your initial credit limit will be $300. Your card does have monthly credit reporting to all three major bureaus.

This card is unique because they are committed to approving most applicants. If you credit is severely damaged you can still be approved for this card, however instead of a $300 limit your card will have a $70 limit.

However using your card responsibly and you will have limit increases for both cards. There are no finance charges and no account set up fees for your card.

There have easy approval requirements and no minimum income for this card. You will have free online account access and there is no application fee.

Your card will be eligible for limit increases up to a maximum of $2000. When you apply you will know if you have been approved within 30 seconds of submitting your application.

To get the most benefit on your credit report from your card you should try and keep the balance at approximately 25% of you credit limit. This is because it shows the bureaus that you do use your card and you are using it responsibly.

In sum we do suggest the Tribute MasterCard to anyone with a damaged credit history. You can use it to create a positive payment history and improve your ratio of available credit to debt.

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