1st Unsecured Credit Cards FAQ's
1st Credit Card Issuers
1. What is the difference between a Secured and an Unsecured card?
- Secured credit cards are similar to any other general purpose Visa®
credit card in that they are accepted in over 12 million locations world
wide. Secured credit cards are suited for the consumer who does not qualify
for a traditional, unsecured credit card due to a poor or limited credit
history. Secured credit cards are collateralized by a cash deposit equivalent
to a percentage of the issued credit line. First National Credit Card
requires security deposits equal to 100% of the issued credit line, with
a minimum security deposit of $200.
2. Are secured and unsecured credit cards reported
differently to the credit bureau?
- No. Your secured First National Credit Card Visa® is not reported
as a secured account to the credit bureaus. It appears as a typical revolving
line of credit.
3. When I submit my application online, are there any
security issues?
- The information that you provide on the application is encrypted upon
transmission and transmitted in a secured mode as supported by your browser.
4. How long will it take for me to get a response regarding
my application?
- Once your application has been received, you will be notified within
30 days of the status.
5. What other information might I be required to provide?
- The following information will need to be verified before First National
Credit Card is able to process your application:
- 18 years of age
- US Residency
- Physical Address
- $10,000 Gross Annual Income
- Six months of consistent non-seasonable employment
6. Why does the pricing appear higher than other credit
cards I've seen advertised?
- It is the goal of First National Credit Card to help consumers who have
had credit problems in the past re-build their credit. The cost associated
with consumers who are re-building their credit is similar to drivers
with impaired driving records having to pay higher insurance premiums
to obtain insurance. The fees associated with these credit cards are used
to cover the cost associated with these higher risk accounts.
7. How much is the minimum deposit required in order to
get the Secured Credit Card?
First National First National Credit Card requires security
deposits equal to 100% of the issued credit line, with a minimum security
deposit of $200.
8. If I get a secured credit card that requires a security
deposit, how safe is my security deposit?
- Your security deposit account is guaranteed by the FDIC, a federal agency
that insures all bank deposits, up to $100,000.
9. Is First National Credit Card a member of the Better
Business Bureau?
- Yes. First National Credit Card is a member of the Better Business Bureau,
an organization for the protection of the general public and businesses.
10. Tell me about the issuing bank.
- These cards are issued by First National Credit Card, a division of
First National Bank (Pierre, SD). First National Bank was established
in 1934, and has been committed to helping people manage their finances
wisely since that time. First National Bank is currently comprised of
eleven multi-faceted financial facilities.
11. Contacting the bank.
How do I contact the bank if I've already applied? To check the status
of your application, please call us at (916) 605-1106 .
CLICK HERE - To get a Credit Card
We offer the following credit cards
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