Continental Finance Gold MasterCard®
Issued by First Bank of Delaware

Review

The Continental Finance Gold MasterCard®, issued by First Bank of Delaware, is a credit card designed for those with poor credit who would like a second chance.

The main benefit of this unsecured credit card is that it reports to credit bureaus. This is a rare opportunity for those with poor credit who would otherwise only qualify for secured or prepaid cards which often do not report to credit bureaus or charge fees to report to credit bureaus.

This card has a very low APR of 9.75%, and it has an average annual fee of $27. It also charges a monthly maintenance fee of $10 ($120 per year). There is a one-time account set-up fee of $99 and a one-time program participation fee of $89. This means that the total amount of fees that a cardholder can expect to pay in the first year will be $335.

Cardholders will also receive free online access, excellent online tools for managing their finances, and semi-annual credit limit increases.

Therefore, those who want a second chance with their credit, do not mind paying the various fees, and would prefer an unsecured credit card may find the Continental Finance Gold MasterCard® to be beneficial.

Most Attractive Feature(s): Reports to credit bureaus; no security deposit required.

Least Attractive Feature(s): Annual and monthly fees.

Additional Perks

Various Internet account related services.
Access to free semi-annual credit limit increases.
See website for additional benefits.

Important Notations

***There is a one-time account set-up fee of $99 and a one-time program participation fee of $89.
There is a $25 fee for credit limit increases.
There is a $4 fee for Internet payments.
See website for complete terms and conditions of card usage and application disclosure.
 

Note: The review on this card was updated on 8/24/2007. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.