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Established Contributor
Badcreditguy
Posts: 623
Registered: ‎08-14-2007
0

Tribute Visa

Is the Tribute visa a prime card like AMEX?
Moderator Emeritus
Brammy
Posts: 5,436
Registered: ‎03-10-2007
0

Re: Tribute Visa



Badcreditguy wrote:
Is the Tribute visa a prime card like AMEX?


 
Two words, 'STAY AWAY'.  This is about as SP as you can get.  Did you read the terms and conditions? Most Tribute cards come with an annual fee (sometimes billed as a monthly maintenance fee).  There are better cards.

Moderator Emeritus
Brammy
Posts: 5,436
Registered: ‎03-10-2007
0

Re: Tribute Visa

Couldn't find the Visa T&Cs but here are the MC
 

$300 CARD

$70 CARD

Annual Percentage Rate for
Purchases

As of June 01, 2007:  19.50%

As of June 01, 2007: 14.99%

Other APRs

As of June 01, 2007:
Cash Advance APR: 25.50%
Delinquency APR for Purchases: 25.50%
Delinquency APR for Cash Advances: 31.50%
See explanation below. *

As of June 01, 2007:
Cash Advance APR: 20.99%
Delinquency APR for Purchases: 20.99%
Delinquency APR for Cash Advances: 26.99%
See explanation below. *

Variable Rate Information

Your APR may vary.
The APR for Purchases is determined by adding 11.25% to the Prime Rate (defined below), but in no event will be less than 19.50%. The APR for Cash Advances is determined by adding 17.25% to the Prime Rate, but in no event will be less than 25.50%. The Delinquency APR for Purchases is determined by adding 17.25% to the Prime Rate, but in no event will be less than 25.50%. The Delinquency APR for Cash Advances is determined by adding 23.25% to the Prime Rate, but in no event will be less than 31.50%. The Prime Rate used to determine the applicable APR is the highest "Prime Rate" published in the "Money Rates" section of The Wall Street Journal on the 25th day (or if not published on the 25th, then on the date of the next publication following the 25th) of any of the three calendar months immediately preceding the month in which the Billing Cycle begins.

Your APR may vary.
The APR for Purchases is determined by adding 6.74% to the Prime Rate (defined below), but in no event will be less than ­­­­14.99%. The APR for Cash Advances is determined by adding 12.74% to the Prime Rate, but in no event will be less than 20.99%. The Delinquency APR for Purchases is determined by adding 12.74% to the Prime Rate, but in no event will be less than 20.99%. The Delinquency APR for Cash Advances is determined by adding 18.74% to the Prime Rate, but in no event will be less than 26.99%. The Prime Rate used to determine the applicable APR is the highest "Prime Rate" published in the "Money Rates" section of The Wall Street Journal on the 25th day (or if not published on the 25th, then on the date of the next publication following the 25th) of any of the three calendar months immediately preceding the month in which the Billing Cycle begins.

Grace Period for Repayment of the Balance for Purchases

Not less than 25 days from the statement date if the prior month's New Balance was paid in full by the Payment Due Date

Not less than 25 days from the statement date if the prior month’s New Balance was paid in full by the Payment Due Date

Method of Computing the Balance for Purchases

Average Daily Balance (including new purchases)

Average Daily Balance (including new purchases)

Annual and Other Fees for Issuance or Availability

Annual Fee: $150
Account Maintenance Fee: $72 per year (billed monthly at $6 per month)

Account Opening Fee: $20 (one‑time fee)
Account Maintenance Fee: $228 per year (billed monthly at $19 per month)

Minimum Finance Charge

None

None

Transaction Fee for Purchases

None

None

Transaction Fee for Cash Advances

5% of each advance with a $5 minimum

5% of each advance with a $5 minimum

Fees for Paying Late or Exceeding Your Credit Limit

Late Payment Fee: $35
Over-Limit Fee: $35

Late Payment Fee:
   For balances of $30 to $100: $5
   For balances of $101 to $200: $15
   For balances of $201 to $300: $25
   For balances greater than $300: $35

Overlimit Fee: $25

Frequent Contributor
ragcajun
Posts: 374
Registered: ‎07-26-2007
0

Re: Tribute Visa

Thanks for the info Brammy!
 
I think that is great for folks to read that are rebuilding their credit.  Those terms are horrible.  As much as I dislike BOA, I would pay them for a secured credit card instead.
 
WOW
 
 
AMEX GOLD-No Pre-Set Limit, AMEX Blue-$25K, AMEX Clear-$25K, AMEX Optima Plat-$25K, Sam;s Club $10K, Cap One $6K, Citi Plat.-$11K, Discover More -$10K, Columbia Bank-$9K
Senior Contributor
Sylviatob
Posts: 4,596
Registered: ‎09-14-2007
0

Re: Tribute Visa

Wow! And I thought Applied Card Bank was bad! Thanks for the info.
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