•Introduction
The first savings credit card is given by the first savings bank, under a license from MasterCard international. This is a credit card that aims to build your credit score. This card is an unsecured credit card, it offers a subprime interest rate that fluctuates depending on your creditworthiness. This card is suitable for individuals with a low credit score. The ease to get this credit card is one of the major reasons why it is so popular. With this card, there are no hidden charges, so you have nothing to worry about paying heavy fees if you make timely payments. Its APR can be as high as 29.99%. The minimum APR is 17.15%. The first savings bank has a mobile app that is safe to use as there is no risk of your personal information reaching unsafe hands. Its fees depend on which offer you get. The average late fee is $25. You can also add an authorized user for $20. The cash advance fee is 2% of the amount and returned payment charges are $25. It has an annual fee of $39. Unlike other companies, its terms and conditions are quite simple. This card has no introductory offers when you sign up for a new credit card. The first savings looks like a great option but a lack of information regarding the issuing bank can be quite a downside. Currently, they are not accepting new users.
•Benefits
1) You have full control over your purchases
2) There are no hidden charges of any kind
3) Fraud coverage
4) It is highly secured
5) You are in full control of your purchases
6) Your account activity is reported to three different bureaus
7) This credit card has no hidden fees and penalty APR
8) You don’t have to make an initial security deposit
9) You can easily build your credit score.
•How To Apply For First Savings Credit Card
Before applying for this credit card, you should be at least eighteen years of age and you must also possess the necessary identity documents which includes your SSN, you must have an easily perceivable credit history and you must reside in the United States.
Currently, this bank is not accepting new users. There is no provided option to sign up for a new card on the website. Of recent , it is an invitation only affair and there is no information given on how to get an invite. Expect the company to start to accept new users in the near future, once it happens, you will be required to submit your personal details including your name and your financial information. Once you’ve been verified, they will mail you an acceptance letter with the tips on what to do. Having an acceptance rate of 90% will make it easy to get an account.
•How To Access Your First Savings Account
To have access to your account:
• Launch your web browser and visit the first savings MasterCard website
• Search for the ‘account login’ button and tap on it
• The login page will be displayed, on that page, fill in your username and your password on their respective field
• Then, tap on the log in button
• When you login, you can view your account summary and also manage your account.
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