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The Tribute® MasterCard® Gold
Card, issued by First Bank of
Delaware, is designed for those
who only require the basic
functions of a credit card, but
would like to have their account
reported to the credit bureaus.
The card offers high interest
rates, and all of the variable
interest rates have minimum
caps. This simply means that no
matter how low the Prime Rate
drops, the interest rates on the
account will not go below the
stated minimum caps. In
addition, the APRs for all
transactions are tied to the
highest Prime Rate during a
90-day period. Therefore, due to
this policy, the APRs may never
reach the lowest possible
interest rates.
Cardholders will be issued
either the $300 card or the $70
card after a review of their
credit history.
The annual fee for the $300 card
is $150. There is also a monthly
maintenance fee of $9.95 that
applies to this card, which
amounts to $119.40 per year. The
total amount of standard fees
(not including penalty or
default fees) is slightly above
$269 for the first year.
While the $70 card does not have
an annual fee, it does require a
one-time $20 account opening
fee. An account maintenance fee
of $19 per month will be billed
to the cardholder's account.
Over the course of one year,
this fee will total $228.
The best feature that both cards
have is that cardholder's
account activity can be reported
to the credit bureaus, which may
be worth the additional fees.
Therefore, those who can afford
to pay in full each month in
order to avoid high finance
charges, do not mind paying the
various fees associated with the
card, and have a limited credit
history will benefit most from
the Tribute® MasterCard® Gold
Card.
- Unsecured Gold
MasterCard® Credit Card
- Reports to the Major
Credit Bureaus
- MasterCard® Cards Are
Accepted at Over 25 Million
Locations Worldwide
- Quick Online Decision
- *See Card Terms and
Conditions
Apply Now!
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