Visa Gold First Bank Credit Card: your new chance!

This article gives details concerning the Visa Gold First Bank Credit Card and how to get it. It also explains the pros and cons, read more!
Visa Gold First Bank Credit Card

The Visa Gold First Bank Credit Card from First Bank is an international quality card. Thus it was developed in collaboration with Visa International. However, this is a credit card that’s valued in US dollars and protected by microchip and PIN technologies. So First Bank has created a cashback credit card.

Therefore, read on if you’re unsure whether the First Bank Visa Gold Rewards Credit Card is perfect for you. This article will critically evaluate and educate you with all of the information you require. Hence, this article will help you make an informed decision on whether to get a credit card.

Key information about the Visa Gold First Bank Credit Card

The Visa Gold First Bank Credit Card has a low APR, especially for first-time users. Therefore, the variable purchase APR on the First Bank Visa Gold Rewards Credit Card is 13.9 percent. Furthermore, there is no annual fee for using a credit card. So, this is an excellent choice for those who want a low-maintenance cashback card.

Thus, customers of the Visa Gold First Bank Card receive cashback on all qualified purchases. They are not required to pay an annual fee for this privilege. What an amazing opportunity. Furthermore, the Visa Gold First Bank Credit Card imposes fees for international transactions. Users are advised not to use this card if they are flying outside of the States.

That’s also due to the fact that it imposes a 1% charge on any transactions made from outside the States. This credit card also offers its members a variety of credit card features. This consists of various credit card benefits. Renting coverage, emergency help, and extra warranty coverage on sales are among the benefits.

Visa Gold First Bank Credit Card

This includes price protection as well as theft safety for cardholders. It is indeed worth noting that the credit card has a credit score criterion of fair or superior value. When a user’s credit rating is well above 650, they have a decent chance of getting approved. Keep reading to know more details.

Features of the Visa Gold First Bank Credit Card

Furthermore, the Visa Gold First Bank Card imposes fees for international transactions. Users are advised not to use this card if they are flying outside of the States. That’s also due to the fact that it imposes a 1% charge on any transactions made from outside the States. Hence the credit card also offers its members a variety of credit card features.

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Which consists of various credit card benefits. Renting coverage, urgent help, and extra warranty coverage on sales are among the benefits. It thus includes price protection as well as theft safety for cardholders. It is indeed worth noting that perhaps the credit card has a credit score criterion of fair or superior value. When a user’s credit rating is well above 650, they have a decent chance of getting approved.

Fees associated with the card

The credit card also offers an issuance fee of #1500 of its dollar equivalence. Hence the card also charges an annual Maintenance Fee of about #9000 or its equivalence in dollars. This fee is charged upfront at the point of issuance. One amazing thing is the free purchase fee that is associated with the credit card.

The Visa Gold First Bank Credit Card also comes with a free web fee, unlike other credit cards. But the credit card has an ATM withdrawal charge of #1400 or its dollar equivalence. The credit card has a Card Replacement Fee of #1400 or its dollar equivalence. Keep reading to know exactly why and how to apply for yours.

Visa Gold First Bank Credit Card Processing period

This credit card will be available for pick up two working days following approval at Lagos offices. Visa Gold cards will indeed be available for pickup five working days after registration. Thus this is for locations outside the country. Therefore interested persons that want to apply, must go to a First Bank branch. The amount of the mandatory hold on the card is $40.

Pros and Cons

Pros

The credit card has an APR that is Potentially lower than average purchase APRs. Thus it also comes with a no annual fee on all card usage by customers. The credit card also has multiple credit card perks. One major aspect of the card is that it offers an auto rental collision damage waiver. Also, its users enjoy an extended warranty and price protection on purchases.

Furthermore, the credit card, on the other hand, provides free access to the user’s credit score. Cardholders can also receive points on purchases made with the First Bank Visa Gold Rewards Card, which can be used anywhere Visa is recognized. As a result, the First Bank Visa Gold Rewards Credit Card sends information to several credit reporting agencies.

Cons

This credit card has many benefits. No wonder there are not many complaints from its users. But there is as much as there is a benefit, there must also be a disadvantage. First the First Bank Visa Gold Rewards Credit Card does not offer a signup bonus for the users. Hence it also does not charge a must fee on the card usage. Thus the credit card only charges a foreign transaction fee of not more than 1%.

How to apply for the Visa Gold First Bank Credit Card

To apply for the Visa Gold Rewards Credit Card, interested applicants must go to a First Bank location or go to their website. As a result, you must complete the application form with accurate information. Then you’ll most likely have to submit some basic financial details. As a result, you’ll be asked for information like your Social Security number, residence, and yearly salary. Then you’ll need to double-check the details and complete your request.

Conclusion

The average regular APR for all credit cards is 15%, according to the Federal Reserve Board. It also has a 17 percent annual percentage rate (APR) for accounts with a balance. Regular APRs on this card are lower than normal. The variable purchase APR on this First Bank Visa Gold Rewards Credit Card is 13.9 percent. As a result, the card has a variable APR of 13.9 percent for balance transfers. It does, however, have a 13.9 percent variable cash advance APR.