;)
The Imagine Credit Card Might Be Right For You
Posted by GuestPoster in Personal Finances
There are several dozen different types of credit card on the market today giving people a great number of confusing options. When you think about different interest rates, different benefits like airline miles or reward points the selection can be absolutely dizzying. You also have debit and prepaid cards to consider. These cards are available to anyone, regardless of your credit history but in many cases they are not reported to the credit reporting agencies simply because there is actually no credit extended.
Unsecured credit cards are difficult to get these days but the First Bank of Delaware has introduced the Imagine Gold MasterCard. The Imagine credit card a bit different than most other credit cards. It is an unsecured card but must be attached to your bank account and an automatic payment plan must be set up. These cards are actually credit cards, unsecured, and are reported to all the major credit reporting companies.
The Imagine credit card has a onetime set up charge of $4.95. This fee shows that you will have no more than about a $275 balance and might carry the balance over for the next month. The interest rates on this card are higher than average and cash advances tend to be very costly. If you pay off your monthly balance however these are problems that will not concern you much.
If you are a person who likes to get all of the bills paid each month this is a very good choice for you, especially if used responsibly. The trick is to not carry a balance. The interest rates are over 25% and a $10 maintenance fee for carrying a monthly balance. This means that if you carry a $100 balance you only $70 of this will actually be your purchases and this can be financial trouble for many borrowers.
;)
;)
;)
