Tribute Credit Card Application
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Tribute Gold Credit Card
Author: Dan Moskel
The Tribute Credit Card is a sub prime unsecured card. Often this card is used to re-establish a damaged credit score.
The First Bank of Delaware issues this card. They are a reputable sub prime lending institution.
Your card can be used to improve your credit score. It will create a positive payment history on your credit by making your on time monthly payments.
Tribute Credit Card Application
This factor is heavily weighted when your score is being calculated. In addition it will improve your ratio of available credit to debt. This ratio is how the bureaus decide if you are in over your head or can afford the new credit line.
You will have an annual fee with this card; this is common with bad credit cards. Your APR will be 19.50% which is the industry standard.
Your initial credit limit will be 0. Your card does have monthly credit reporting to all three major bureaus.
Tribute Credit Card Application
This card is unique because they are committed to approving most applicants. If you credit is severely damaged you can still be approved for this card, however instead of a 0 limit your card will have a limit.
However using your card responsibly and you will have limit increases for both cards. There are no finance charges and no account set up fees for your card.
There have easy approval requirements and no minimum income for this card. You will have free online account access and there is no application fee.
When you apply you will have a 30 second online decision. Also your card will have limit increases with a maximum limit of 00.
For your credit to benefit the most from your card you should keep your balance at 20% of your limit. This will help because it shows that you do use your card and you are using it responsibly.
In sum we do suggest the Tribute MasterCard to anyone with a damaged credit history. You can use it to create a positive payment history and improve your ratio of available credit to debt.
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