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A guide to legacy credit card and why you must have one



The First National Bank issues a legacy credit card to individuals with low credit score. The offer of application is shared as an invitation by the bank with some specific details. Only, if you accept the invitation, there are certain procedures to log in with the help of the credential provided in the invitation.

Once you become a legacy credit card holder, all the card activities are reported to three agencies. Therefore, it paves the way for you to improve your credit score and ultimately get a Mastercard with a good credit score. The condition is to use the card responsibly and properly.

Advantages of a legacy credit card

You get purchase protection from this legacy card. Hence, you get to cover damages that may occur due to theft, or accident. Also, you get the option for zero liability if you have incurred any fraud buys. Well, there are many such advantages that you can avail of. Have a look.

Free of initial deposition

The Legacy credit card is accessed by those individuals who may own a secured credit card. However, there is no requirement to deposit an amount to utilize the card. Now, that is a great utility for individuals who don’t have liquid cash at present. With this card, you stand a chance of setting aside an amount for a secured credit card.

Flexible terms

Cardholders have claimed they could easily increase their credit limit for a good period. The only criterion is to use clear off the dues on time. They have also added that they had incurred a reduction in their APR. You can get all of these benefits only if you show that you are responsible enough to handle these matters.

Online management of Account

Once you have been issued the legacy credit card, you will be able to manage your account online. Have a look at the features included.

  • You can access your statement
  • You can keep a track on the processing of the payment
  • You can resolve disputes if any.
  • You will have access to the Personal Identification Number
  • Easy handling of your profile.

The above-mentioned features will help in processing the transactions and thus save you a lot of time. You don’t have to spend hours talking with the representatives of the customer service. Everything is available online.

How to apply for a legacy visa credit card?

This might be the question revolving in your mind. Well, here is a catch.  You cannot apply for a legacy credit card. It comes with the exclusive feature of restricted availability. To put it simply, to own a legacy credit card you have to wait for the invitation mail from the back itself. You can say this the only thing that you may not like this card.

There may be many such individuals with low credit score, but who wish to issue a legacy credit card. In that case, you have nothing to do, but to count on your luck.

What to do after the mail arrives?

The invitation form will contain some credentials. You must keep a note of them. Find out the Reservation Number, and Access Code. Visit the page of First National Bank and fill in those two requirements and press continue. You can then proceed with the following details and register yourself as a cardholder applicant.

Unlike a secured card, there is no down payment here. The bank offers you a credit line ranging between $250-500. However, you are required to pay a certain sum as an acceptance fee. This acceptance fee will reduce your present credit line. Also, if you can clear off the dues on time, you will be freed from the credit line. Another important thing is the 30-day trial period. If after a month you feel this credit card is not of much help when you can return the card and ask for a refund. You will surely get back the acceptance fee.

Why do you need to pay the acceptance fee?

As mentioned above you can handle your profile online for easy access. Hence, you are liable to pay a sum on your account, before utilizing the same for a purchase. You are charged for your account set up, annual and programme fee. Every year on the same date on which you have opened an account the annual fee will be renewed. Additionally, you may have to pay an insurance coverage fee, whichever you have linked with this card.

Should you go for a Legacy Credit Card?

If you are sure that you can make payments on time, this card is just the right thing for you. It is going to help you in the long run. Have a look at the ways in which this card can help you in various ways.

Fix your low credit

If a credit report is awful, you have the option to counterbalance their effect with a Legacy Visa card for buys and satisfying the dues on schedule. In the event that you lack a good record of loan repayment, you can begin off by utilizing this card. Since banks won’t be eager to offer you a Visa.

Assurance and Insurance

Legacy Visa card provides buy security and travel protection to cardholders. Buy security protects any buy against burglary, misfortune or unplanned harm for a predetermined time span. Travel protection is intended for the individuals who fail to satisfy the card balance in the wake of utilizing it for movement costs.

Online installments:

This bank enables you to cross-check your status and make installments on the web. Online installments offer to maintain a strategic distance from data fraud and late installments because of deferral in installment conveyance via mail.

The yearly expense might be deferred off

At times, the card backer may forgo off the yearly charge when you buy a thing utilizing the Legacy Visa card issued by First National Credit Card. What else do you seek? Also Legacy visa competitors offer better rewards at a lower cost.

If you have low credit, a legacy credit is going to make your life better. Hence, if you get an invitation, do not hesitate to accept it.

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Banking/ Finance

Smart tips for Dealing with Debt Effectively



Whether big or little, you have to deal with your debt to make sure it doesn’t get out of control. Living with denial as a money borrower will not only increase your money woes but anxiety as well. Getting out of debt is one of the vital steps to reach your personal or business-related financial goals. You are not alone if you are in debt but paying it off as soon as possible is the only way to save money for a happy living. Everyone who gets rid of the debt often combines different strategies and tactics for dealing with debt.

In this article, there are some smart tips for businesses and individuals deal with debt.


How Much You Owe

In order to pay all your debts off, you need to know the exact owed amount. Make a list of all your debts with essential details like the name of the creditor, interest rate, amount of the debt, due date, and monthly payments to be made, etc. in an organized manner. It will allow you to see the bigger and clear picture of your debts. Whether you want to get rid of existing debts for better credit scores or further in need of a loan to manage financial needs, getting all the debt details at a place lets you create a debt repayment plan accordingly.


Pay Your Bills on Time

Late payments or forgetting to pay bills can make it harder to pay your debts off. Missing two or more payments in a sequence increases the finance charges and interest rate as well. That is the reason, be careful about monthly bill payments and always be on time to pay. For this purpose, you can schedule monthly payments by using a money management app or any other fintech solution. Setting reminders and alarms is another best way to stay on top of all monthly payments. In this way, you are not only able to make monthly payments on time but your credit scores increase also.


Pay more than the Minimum

Making payments more than the minimum is one of the smart tips for dealing with debt. If you are using a debt repayment plan and have monthly payment figures on hand, you should try to pay more than the figures you have. It will not only help you save many bucks on the lower interest rate but will also boost the debt repayment process incredibly. However, be sure to check with the creditor to ensure that they don’t charge any prepayments.


Give a Try to Debt Snowball

If you cannot pay more than the minimum towards monthly payments, then you can opt for a debt snowball method to speed up the debt repayment. It requires you to list the debts from a smaller amount to bigger. Then, throw your money towards the smallest amounts first and move towards the bigger one. Over time, small payments will disappear soon one by one and will help you move towards the bigger amounts to get rid of all your debts in a short span of time.


Sell Unnecessary Things

When you are struggling with debts and want some extra money to pay them off quickly, selling the unnecessary things around can gather a handsome amount of bucks that you can use to pay the debt off. Take a look around and find out the things that are useless for you and you can live without. Visit the market and sell these things to collect money that can go towards loan repayment. There are so many online places where you can sell used items on good rates. You can also hold a yard sale on Facebook to find good customers for things around.


Identify Spending Habits and Make Changes

According to experts, retail therapy is one of the best ways to deal with debt stress and to get rid of debts quickly. When we are overwhelmed, we are more likely to spend on things to feel better but these can relieve stress in the short term and can end up with financial pitfalls. It is the place where we need to identify spending habits and prevent mindless spending to save money for debt payment. Think about the things that you can live without and stop spending on those. Also, find the financial areas where you can cut down to build funds for quick debt repayment. If you are comfortable with a standard car, then sale out your luxury car and send the extra money towards loan repayment.


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Banking/ Finance

The Cost of Living: Finances and Comfort



Have you ever wondered how much it costs to live every day? And by living we mean our day to day expenses. If for instance, we had a financial advisor keeping track of your day to day expenses how much would that cost? For the number of years that you have lived have you ever really thought about the cost of loving?

The cost of life

As we go about our day to day lives, we buy, we live, and we spend. That is why it is very important for us to always keep track of our finances, just like online betting ca. And that is also why we have a retirement plan because we want to make surethat even when we are older, we try to live a life of comfort.

We have budgets, we have loans and credit schemes all to make sure that our youth and adult life, we live the best lives that we can. And all this accredited to the cost of living, or rather should we say the need of comfort?

How the need for Comforteffects of finances

We all want to live comfortably. As we mentioned earlier that is why we even save up for retirement. So, one can easily say that is it because of this need for comfort that our finances are depleted every day. Even when it comes to games, we realised that the arcades were not comfortable so we created online versions of them. That is why we have best usa casinos onlinegames . So that you pay in the comfort of your home. You see, it all seems to go down to the need for comfort.

The mortgages that we take, the loans and the jobs that we have. It all because we want to live in comfort. And because we want to live in comfort, we will do all that it takes. Even if it means working 24 hours a day, 7 days a week and 365 days a year all just because we want to live in comfort.

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Check Out All Debt Consolidation Loan Sources Before Selecting Any One



In this modern day, almost every household whether it is in America or Europe or anywhere in the world carry a debt or a multiple debts in any form. It can be a credit card debt or a personal loan, a student loan or a car loan, a consumer loan or a mortgage loan but everyone will carry at least one in any form.

Therefore, if you carry one or a couple of debts do not feel that you are alone out there. It is just that you will need to manage your debts proficiently so that it is well within your control. However, if situations do go out of hand, there are is still no need to panic and bring the house down.

Dealing with such situation

There is no need to sulk in such situations as you can easily mend this situation either by yourself or with the help of a professional debt counselor. All you will need to do is look for easy and effective ways to deal with such a situation. If you want a professional expert to help you out then to begin with you can look up at for tips, advice and solutions.

As the most suitable method you can incorporate all your debts into one. This you can do by taking out a debt consolidation loan. The features of this specific type of loan are:

  • You will get a high amount to borrow which will enable you to pay off multiple debts you owe to multiple creditors
  • The loan will carry a very low rate of interest and extended loan tenure to repay
  • The monthly payments will be significantly low and there will be no chances of losing track since you will have one monthly payment to make
  • Depending on your eligibility and other contributing factors you can take out a secured home equity loan, an unsecured personal loan and
  • For credit card debts especially you can transfer the debts on multiple cards into a new card carrying low rate of interest.

This type of loan will help you to accomplish your primary objective: to pay off your existing debts.

Source of consolidation funds

There are different sources from where you can avail a consolidation loan. A lot will depend on the specific source you choose as well as your eligibility and credit worthiness. Ideally, the single monthly payment that you will have to make once you take on such a loan will be much less than the combined total of all the debts that are paid off using it. This means you will be able to free up more spendable cash.

Apart from the traditional banks, there are many different companies that specialize in providing such debt consolidation loans. However, there may be other sources as well for funding at your disposal.

Depending on the specific source that you choose, the rate of interest, requirements as well as other terms and conditions of the loan may vary greatly. These factors will also depend on your personal financial circumstances as well. This means that a few of these sources may be better for you than the others.

Home equity loans and lines of credit

If you have a home in your name then you can avail a HELOC or Home You Could Use a Home Equity Loan or Line Of Credit.

  • This type of loan will allow you to borrow against the equity that has been accrued.
  • You will get such home equity loans from many different lenders apart from the banks at affordable interest rates.
  • If you take out a loan up to $ 100,000 the interest on it will also be virtually tax deductible always which is a major advantage of taking out a HELOC when you consider consolidating your credit card or other personal debts.

However, you must be aware that the home equity loans and lines of credit will use your home as collateral security for repayment of the loan. This means that if you fail to repay, your home will be at the risk of being taken by the lender.

A 401(K) plan

If you have a 401(K) plan or a retirement plan at the place of your work, you can also use it to borrow money during such situations when you wish to pay off your debts.

Once again, these loans carry a favorable interest rate simply because it is your own find that you are borrowing from.

However, the downside of this kind of borrowing is that the specific amount of money you borrow from it will lose the earning potential forever. That means, till the time you do not repay the amount borrowed, you retirement fund will not grow for this specific time.

Using your life insurance policy

Specific types of life insurance policy allow you to borrow money when you need. If you have such type of life insurance policy which accumulates cash value, you can easily use it to borrow against that policy.

However, just like any other sources this too will have a few financial implications down the road. It is therefore nest to consult with your insurance agent to know the details and be sure before you opt for it.

Other sources to look for

Apart from the above, you can also ask your family and friends though they are not the best choice always. Nonetheless, keep in mind that they are valuable relationships that can help in times of need but make sure that you do not ruin it just because of money.

If you ever borrow from friends and relatives, make sure that make a contract with them for the protection of both the parties. This will also mean that you will treat them just as you would for any other lender with the same respect. Make sure that you pay them back in a timely fashion and thank them for their favor shown toward you.

It is all up to you as to which source you will choose according to your affordability and preferences.

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