First Option Visa® Card

First Option Visa Card is a secured card created for individuals who want improved credit worthiness rankings. It's a special credit card that charges moderate but highly competitive interest rates. It is an ideal credit card that's very easy to get and promises a lot when used properly.

There is no balance transfer feature but cash advances are allowed for a 2% transaction fee.

Card members have to pay a $59 annual fee.

Online account management ensures budget conscious individuals are able to monitor card spending and keep an eye out for unauthorized transactions. Online bill payment is yet another online related service allowing card members pay their bills with little stress.

Travel accident insurance comes at no extra cost. This insurance assists the families and beneficiaries of card members who are accidentally dismembered while on flight. To qualify, the card member must charge entire cost of travel to this card. Auto rental insurance is another feature to protect card members from attaining liability in event a rental car is lost, stolen or damaged. Extended warranty on purchases, and emergency cash and card transfers are additional card benefits from VISA.

Being on the largest network in the United States allows card members access to the numerous merchants, ATMs and online stores accepting the Visa brand. Approval for this card is almost guaranteed once identity checks have been carried out.
There are no credit or income verification checks.

A unique benefit of applying for this card comes from the fact that the issuing bank reports to all three major credit bureaus. This allows card members the benefit of uniform growth in their credit reports. Card members who qualify best are given higher credit limits according to how much they deposit into an account held by the issuing bank. This amount serves as a security deposit in event the card account becomes severely delinquent, the issuing bank then deducts its fees and monies owed before giving any remaining balance back to the card member.

First Option Visa Card is a unique secured credit card enabling young adults; persons with limited or poor credit ratings build a solid credit rating over time. With good spending habits, and early repayment, card members are able to enjoy the benefits accompanying unsecured credit cards over time.

See applicable terms and conditions.

The review prepared by CreditCardsCo™. Opinions expressed therein are solely those of the reviewer.