Rewards 660 Visa® Card
- Initial payment of $40 required before account can be used
- Proof of minimum $1,000 gross monthly income required to be approved
- $300 Starting Credit Limit
- No Fee Credit Limit Increases
- $75 Increments
*See Rates, Fees & Terms.
Cash Advance Fee: $5.00*
Annual Fee: $48.00
Late Fee: $39.00
Overlimit Fee: $39.00
Returned Check Fee: $39.00
Grace Period: 25 Days
Total Initial Charge: $250.00*
Credit Line: $300 to $2,000
- Initial payment of $40 required before account can be used!
- Proof of minimum $1,000 gross monthly income required to be approved!
Starting Credit Limit and Available Credit. The Rewards 660® card has a $300 starting credit limit. *See Rates, Fees & Terms.
Bad Credit? Low FICO Score? No FICO score? No Problem! The Power of a Visa® card can be Yours.
- Initial payment of $40 required before account can be used
- Proof of minimum $1,000 gross monthly income required to be approved
- $300 Starting Credit Limit
- No Fee Credit Limit Increases
- $75 Increments
- As Often as Every 3 Months
- Automatically Granted Upon Qualification
- Maximum $2,000 Credit Limit after Increases
- $75 Increments
- Fast Online Response
- Monthly Reporting to Major Credit Bureaus (TransUnion & Equifax)
- Free Online Account Access
- Free Online Payments
Card Highlights:
Credit and Approval Criteria. You must be at least 18 years of age (age 19 in Alabama and Nebraska), have and continue to have monthly gross income of $1,000 or more, permanently reside in and have a valid address in the United States, and have a valid social security number. Current Rewards 660 cardholders are not allowed to open a second Account. The Rewards 660 program is not available to Iowa, New York or Wisconsin residents. They reserve the right to decline an application if you have applied for an Account from the Bank within the last 90 days, or formerly had an Account with the Bank. The Rewards 660 program does not offer business accounts.
Credit approval may be based on a review of a current credit bureau report and other information bearing on your creditworthiness. As part of our commitment to prevent identity theft and to insure our ability to contact you about application and Account-related matters, we require that you provide us with valid telephone contact information and a valid e-mail address. To complete the application and/or activation processes you will be required to demonstrate that the telephone and e-mail contact information you provide when you apply for a Rewards 660 Account is both valid and a reliable way to contact you. You may be asked to provide additional information to permit us to confirm your identity and contact information, and to determine whether you meet our underwriting criteria, minimum qualifications and anti-fraud policies. All of the information you provide in your application must be complete and accurate. Your credit history, as well as inaccurate or unverified information, may result in the following: (1) denial of your application; (2) delay to or denial of your ability to activate your Account; and (3) closure of your Account.
Credit Limit Increases. You will be eligible to receive $75 increases to your Credit Limit each time you meet all of the following requirements: (i) for three (3) consecutive months you make on-time monthly payments of at least the minimum payment (no calendar month will be counted twice) and stay within your credit limit; (ii) and you keep your Account current and within the Credit Limit until the Credit Limit increase is granted. Each increase will be automatically granted within approximately thirty (30) days after the end of the three (3) month qualifying period if all eligibility requirements have been met. There is no fee for a Credit Limit increase. The maximum credit limit is $2,000.
ACCOUNT ACTIVATION AND AVAILABLE CREDIT. Your starting credit limit will be $300.00 and the following fees will be billed to your first month's statement: Annual Fee of $48.00, one-time Account Set-Up Fee of $97.00, one-time Program Fee of $90.00, and monthly Participation Fee of $15.00. You will have $50.00 of credit after these charges at card issuance. You must make an initial payment of $40.00 before you can activate and use your Account. After your payment has cleared and posted to your Account, your available credit will be $90.00.
This program was developed for people with histories of bad credit, bankruptcy or no credit. Having "bad credit" generally means that you have a FICO® score below 660. (The "FICO score" is your credit score.) Statistics show that people with no credit histories or bad credit histories are considerably more likely to default on their financial responsibilities than people with higher FICO scores. It is more risky, and consequently more expensive, to issue credit cards to people with no or bad credit. The fees are intended to protect against losses that could result from defaults. This card is probably not a good product for you if you have good credit.
FAQ:
Q: Do I have to pay $250 of fees in every twelve month period that I have your credit card?
A: No. A $48 Annual Fee is charged once for every twelve month period that your account is open after your card is issued. The first Annual Fee will be charged to your account when your account is opened. Subsequent Annual Fees will be charged to your account on each anniversary of the account opening. The $97 Account Set-Up Fee and the $90 Program Fee are one time charges on each open account. The monthly Participation Fee is an annual fee that is payable at the rate of $15 per month during every month that your account is open or until your outstanding balance has been paid in full if your account is closed.
Q: Am I guaranteed to receive a credit card?
A: No. You must meet program minimum qualifications and pass our credit underwriting and anti-fraud policies. We must also verify your e-mail address and telephone contact information and will take steps to do so after you have submitted your application. Credit approval may be based on a review of a current credit bureau report and other information bearing on your credit worthiness. Your credit history, as well as inaccurate or unverified information, may result in the following: (1) denial of your application; (2) delay to or denial of your ability to activate your account; and (3) closure of your account.
Q: Does the Rewards 660 card require any security deposit?
A: No. It is an unsecured credit card.
Q: Will you report my account to credit bureaus?
A: Yes, we will report your payment history with us, both good and bad, to one or more major credit bureaus. Because we will also report your failure to make timely payments, that failure could have a negative impact on your credit rating and your ability to obtain credit in the future.
Q: What action will you take if I am approved for the Rewards 660 Visa® credit card but I do not activate it or if I do not use it and do not make a payment?
A: If you choose to close your account within the next 30 days and before you make any charges to your account, the Program Fee, Annual Fee, Account Set-Up Fee, monthly Participation Fee, and any payments you have made will be refunded to you or credited to your Account, as the case may be. After this thirty (30) day period these fees are no longer refundable, except as provided below, and you will be obligated to pay the monthly Participation Fee through the month in which you close your Account and thereafter until you pay your outstanding balance in full. If you make no Purchases or payments within 60 days after receiving the credit card, we will close your Account and credit all fees which have posted to your Account and no information will be reported to the credit bureau agencies. Cards are issued with an expiration date. When your Account is renewed, you may avoid paying the Annual Fee and monthly Participation Fee, or have them re-credited to your Account, if you close your Account and pay the outstanding balance in full within 30 days from the mailing or delivery of the statement containing the renewal disclosure. Until you pay your outstanding Account balance in full, monthly Participation Fees will continue to be imposed even if your Account has been closed or additional credit privileges have been suspended.
Q: Will you raise my interest rate if I make a late payment or go over my credit limit?
A: No. Unlike some other credit card issuers, we do not raise your interest rate if you default in those ways. We do impose a late fee if you do not pay the required amount on time, and an over-limit fee if your account balance exceeds your credit limit. See the Terms & Conditions for an explanation of these fees.
Q: Will you raise my interest rate if I make a late payment on any of my other bills?
A: No. Some credit card companies do, though, so it is important that you carefully review the terms and conditions governing any other credit cards that you have.
Q. Can I get cash advances?
A: Yes, but you may not obtain any cash advances within the first 90 days after your account is opened. Thereafter, you may obtain cash advances up to a maximum of $25 per day if you have available credit and if your Account is not and has not been past due or over limit for at least ninety (90) consecutive days. You may not obtain a cash advance if it will cause your account to exceed the credit limit. Total cash advances may not exceed one-half of your total credit limit. Each time you obtain a cash advance, we will impose a transaction fee of $5.
Q. How do I apply?
A: It's easy, and takes just a few minutes. Simply go to the online application.
See web site for complete terms & conditions