What You Need to Know About Total Visa Credit Cards

What You Need to Know About Total Visa Credit Cards

Total Visa Credit Cards are designed to help individuals with poor credit histories obtain credit. These cards are issued by Mid America Bank & Trust Company, which is based in Missouri. Before applying for a Total Visa Credit Card, it's important to understand the benefits and drawbacks of this card. In this article, we'll explore what you need to know about Total Visa Credit Cards.

Benefits of Total Visa Credit Cards

One of the main benefits of Total Visa Credit Cards is that they can help improve yourcredit score. By making timely payments and keeping your balance low, you can boost your credit score over time. Additionally, Total Visa Credit Cards offer access to online account management tools, which can help you keep track of your balance and payments.

Drawbacks of Total Visa Credit Cards

One of the biggest drawbacks of Total Visa Credit Cards is thehigh feesassociated with these cards. For example, there is an annual fee of $75, which is charged to your account when you open your card. Additionally, there is a monthly servicing fee of $6.25, which is charged to your account every month. These fees can add up quickly and make it difficult to manage your balance.

Another drawback of Total Visa Credit Cards is the highinterest rates. The APR for this card is 34.99%, which is much higher than the average credit card APR. This means that if you carry a balance on your card, you'll end up paying a lot in interest charges.

How to Apply for a Total Visa Credit Card

To apply for a Total Visa Credit Card, you'll need to visit the Mid America Bank & Trust Company website. There, you'll find anonline applicationform that you can fill out and submit. You'll need to provide personal information, such as your name, address, and Social Security number, as well as information about your income and employment.

Tips for Using Total Visa Credit Cards

If you decide to apply for a Total Visa Credit Card, there are a few things you can do to make the most of your card. First, make sure to pay your balance on time every month. Late payments can incur fees and damage your credit score. Additionally, try to keep your balance low to avoid high interest charges.

Another tip is to avoid using your card for cash advances. Cash advances typically come with even higher interest rates than regular purchases, and they can quickly add up if you're not careful.

Finally, consider using your Total Visa Credit Card for small purchases only. This can help you keep your balance low and avoid overspending on your card.

Conclusion

Total Visa Credit Cards can be a good option for individuals with poor credit who are looking to improve their credit score. However, it's important to understand the fees and drawbacks associated with these cards before applying. By following these tips and using your card responsibly, you can make the most of your Total Visa Credit Card and improve your credit over time.