– First Access Credit Card Login –
First Access Credit Card Login: This card is a great option for anyone who has a low score and needs an opportunity to rebuild that score. However, it does have its drawbacks. There’s a setup fee, a yearly fee, and even a monthly fee beginning in the second year.
Mid America Bank & Trust Company is the issuer of the First Access Visa Card. This VISA credit card is among the few that do not require a high credit score in order to receive approval.
Whether you are a first-time holder, or you are seeking to upgrade your card, it may be difficult to know where to start.
The process of looking for the right lender should be a slow and steady process, as finding the right card and qualifying for it may pose a challenge.
About First Access Visa Card
As with any unsecured credit card designed for subprime or bad-credit consumers, the First Access Visa Card isn’t the cheapest product on the market.
It has a high APR, a fairly high annual fee, and a one-time program fee that eats into your initial available credit.
That being said, the First Access Visa Card is a subprime card. As such, it has extremely flexible credit requirements, which makes it accessible to a wide variety of credit types.
Plus, the online application is quick and easy, with decisions available within minutes of submitting your application.
Perhaps the most important thing to understand about the First Access Visa Card is that it isn’t meant to be your forever card. The card is aimed at consumers with bad credit and low credit scores — consumers who are notoriously high risk and more likely to default on their debts.
The high rates and fees charged by the First Access Visa Card are intended to balance out the high risk of its applicant demographic. In other words, they’re the cost of having bad credit.
Rates and Fees
|Interest Rates and Interest Charges|
|Annual Percentage Rate (APR) for Purchases||34.99%|
|APR for Cash Advances||34.99%|
|How to Avoid Paying Interest on Purchases||Your due date will be a minimum of 21 days after the close of each billing cycle. We will not charge interest on new purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances on the transaction date.|
|Minimum Interest Charge||If you are charged interest, the charge will be no less than $1.00.|
|Credit Card Tips from the Consumer Financial Protection Bureau||To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.|
|Set-Up and Maintenance Fees||Notice: The Annual Fee will be assessed before you begin using your card and will reduce the amount of credit you initially have available. Based on your initial credit limit of $300.00, your initial available credit will only be $225.00 (only $196.00 if you choose to have an additional card).|
|Program Fee||$95.00 (one-time fee).|
|Annual Fee||$75.00 for first year.
After that, $48.00 annually.
|Monthly Servicing Fee||None for first year (introductory).
After that, $75.00 annually ($6.25 per month).
|Cash Advance Fee||None for first year (introductory). After that, either $10.00 or 3% of the amount of each cash advance, whichever is greater.|
|Late Payment Fee||Up to $40.00|
|Returned Payment Fee||Up to $40.00|
How to Log In and Pay Your First Access Visa Card:
First, you need to access their www ccpay website. Go to the top right menu and click on the ‘Pay Fee’ button.
Now submit your Application ID and Date of Birth in the required field. Then click on the ‘Submit’ button.
Now the portal will guide you through paying your bill.
How to Apply
The application process is simple. Go to their website. From the home page click on the ‘Apply Now’ button.
On this page please put all of your information. Once you have filled out the required fields press the ‘Continue’ button.
Then you will receive a confirmation email that the process is complete.
How to Active Your Card:
To activate your card visit the home page. Click ‘Activate Card’ from the top right menu.
Put your card number, social security number, and phone number on this page. Press ‘Activate’ after filling in your information.
Now they will activate your card through a confirmation mail.
Aside from allowing you to use your line of credit to make purchases without having cash in hand, the First Access card also allows you to build your payment history.
- Great for people with limited payment history or a low credit score.
- Payments are reported monthly to the three major credit bureaus that are responsible for building your credit.
- Limits raise $50 every six months for good standing accounts.
- Unlike many others, there is no advance payment required to open an account.
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Alternative Card Options for Consumers with Bad Credit
While the First Access Visa Card is more transparent and better reviewed than many of its direct competitors, it certainly isn’t the only credit card option for consumers with troubled credit histories.
Alternatives to the First Access Visa Card include other unsecured subprime cards, closed-loop store credit cards, and secured credit cards. Before applying for any new credit product, it’s wise to compare your options to find the right fit for your situation.
- Fingerhut Credit Account
- Total Visa® Card
- First Access Visa® Card
While certainly not inexpensive, the First Access Visa Card is no more costly than most other unsecured subprime cards, the majority of which charge similar rates and fees.
If you want to avoid the high rates and fees of the First Access Visa Card, your best bet is likely to check with your local credit unions or community banks, or you can make a deposit and open a secured credit card.
Regardless of which path you take, the keys to successfully rebuilding bad credit include paying your debt on time every month, keeping low debt balances, and being conservative about how much new credit you establish. With time and diligence, credit success is possible.