What is with this no check Visa icreditcard offered by First National Bank? It says it's a credit card NOT a debit card, but I don't get it really. You have to send in the money that you want to charge? Sounds like you should just get a checking account with a debit card. At least they don't charge a one-time processing fee of $88! Or am I understanding this all wrong? Someone please let me know!
C. This is a Visa Card which technically is unsecured, but in reality is. You get the card with the limit maxxed out. In other words they grant you a credit limit of 300 dollars, but when you get it, the card has a balance of $300. Once you pay down the balance, then you may begin charging on it. It is essentially buying a line a credit. I guess you are wondering why would anyone want this? The truth is many folks do not have any money that they can put towards a secured card. And with this option they can pay on it as much as they can, and begin to make a credit line available. This card is reported as unsecured and is a positive trade line. For folks with absolutely horrible credit histories, this is a way to be able to carry a Visa Card. As far as getting a visa debit card. The folks I am referring of are likely not able to get even a banking account, let alone a visa debit card. So this is an option for them. C., if your credit is in good standing for the past 6 months, then you should be able to qualify for any number of the other sub-prime offers. And finally, if we are unfortunately relegated to the sub-prime world due to our past credit histories, we all need to swallow some pride. Re-establishing credit is not free. There are fees out the whaazoo, among them are high interest rates. Complaining about this does not help our situation. I suggest we all just factor this into the cost of restoring our credit, and use these cards as building blocks to a brighter future. Good Luck, Barry Noret CreditMania.com, Inc. A Unique Personal Finance Portal http://creditmania.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ *About our suggestions: We respond to your questions and make no claims that our suggestions will fit your exact needs. This is for informational purposes only and should never be construed as legal advice. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ C wrote: ------------------------------- What is with this no check Visa icreditcard offered by First National Bank? It says it's a credit card NOT a debit card, but I don't get it really. You have to send in the money that you want to charge? Sounds like you should just get a checking account with a debit card. At least they don't charge a one-time processing fee of $88! Or am I understanding this all wrong? Someone please let me know!
Does any one know if they have a web page am talking about FIRST NATIONAL BANK or does any know their location and phone number
