Access Visa – Unsecured Bad Credit Card

The Access Visa Card is issued by Plains Commerce Bank and is an unsecured credit card. Information for this card states that it is for consumers with bad or very bad credit scores.

It is issued with a $250 credit limit. When you are approved for this card, the start-up fees will be such that initially your available credit will be $50. No security deposit is required and there is an $8 monthly fee associated with the card.

It carries a pretty stiff 19.92% basic APR. Cash advances also have a 19.92% interest rate. There is a $48 annual fee, a $29 late fee and a $25 over limit fee. Additionally, there are one-time fees of $56 for the initial account set-up and a $96 program fee.

Additional charges include a $25 return payment fee and $7.95 easy pay fee. There is a $5 transaction fee for cash advances and a $3.50 closed account maintenance fee for each month your account is closed and there remains a balance on the account.

You can get a cash advance after your account has been open for 90 days, payments have been made on time, and your account is not in the red. Remember that you will incur a $5 transaction fee for each cash advance you receive. This transaction fee is considered a finance charge.

You may request a credit limit increase after your account has been open for six months. Thereafter, you may request a credit limit increase every three months.

In order to obtain a credit limit increase, your payments must have been made on time for the immediately preceding three months and your account must not be over its credit limit. If approved, the minimum credit limit increase is $25.

To be approved, you must be eighteen years old and a United States resident. California, Delaware, Kentucky, New York, Ohio and Wisconsin residents have special notices and information which pertain to them.

You should be sure to review all information associated with this or any other card you are thinking of applying for. As with any credit card, if you can find a card that has a lower interest rate, lower cost of overall fees, and that you can be approved for, you should go with that card.

It has stiff initial costs, however, so do many other credit cards designed for those with bad or very bad credit.

One good point of this card is the fact that you can begin to build or repair your credit with it. However, this does mean that you have to pay at least the minimum amount due each month, on time, and you must stay under the credit limit.

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