- Rating:
- Reviewed on:
2008-08-01 00:00:00 - Issuer: Urban Trust Bank
- Category: Poor Credit
- ARP: 19.50%
- Intro Rate: None
- Intro Period: None
- Annual Fee: $150
Salute® Visa® Gold Credit Card
The Salute® Visa® Gold Credit Card is a good card for people who are trying to rebuild their credit. The card comes with an introductory limit of $300, but cardholders have the opportunity to increase their limits over time if the account is kept in good standing and certain preconditions are met.*
The card offer is tiered, which means if applicants are not approved for the $300 limit, they may be approved for a card with a $70 limit.
The interest rate for the $300 card is currently 19.50% and slightly above average for people with poor credit. The interest rate for the $70 card is 14.99%, which is quite reasonable. The rates for cash advances are a bit higher - 25.50% for the $300 card and 20.99% for the $70 card.
The Salute® Visa® Gold Credit Card does come with a number of additional fees, including an annual fee of $150 and a monthly maintenance fee of $6.50 a month for the $300 card. The $70 card is priced a bit differently, with an account opening fee of $20 and a monthly maintenance fee of $19 per month.
Despite the fees, The Salute® Visa® Gold Credit Card is a good option for applicants with poor credit. The card can be used as a tool for cardholders to right their financial footing and begin to build positive credit history.
