Total Visa Credit Card Review

Who is the Total Visa Credit Card for?

The Total Visa Credit Card, issued by the Bank of Missouri, is designed specifically for those with an extremely poor credit score. Those who are struggling to find an unsecured credit card will be delighted to know the Total Visa Credit Card will accept their application in spite of poor credit history. 

If you’re carrying a poor credit score but are looking for ways to improve it by maintaining a credit card, the Total Visa Credit Card may be the card for you. Before sending in your application, be aware of the monthly and yearly fees that come alongside such a card.

No Initial Bonus or Cash Back

Unsurprisingly, just like with most other credit cards designed for those with poor credit history, the Total Visa Credit Card has no initial or welcome bonus. This makes sense as this card was made to help those increase their credit score slowly and steadily, not indulge in big expenses to reap rewards. The credit limit for this card is $225 after fees, so a cashback system wouldn’t make much sense.

Cashback or points are usually most useful for credit card owners who spend often and regularly, which is not the target audience of the Total Visa Credit Card.

Other Benefits

Although this card is simple in its structure and offerings, there are a few benefits that are appealing to specific credit card owners. First, you can rest assured that the Bank of Missouri will report monthly to all three credit bureaus as you utilize this credit card. If you are looking for a card to help you raise your credit score, this makes total sense. Although this is industry standard with most other credit cards, it’s good to know that the Total Visa Credit Card, which was designed to help raise low credit scores, also has this feature.

Secondly, you will be notified if your application is approved within seconds of submitting. If you need an unsecured credit card fast but are struggling to be approved for one, this might be the quick fix you have been looking for.

Monthly and Annual Fees

Before you go ahead and submit your application for the Total Visa Credit Card, please note the extreme monthly and annual fees associated with this card. For starters, the card has an introduction fee of $89, which doesn’t even include a first year annual fee of $75. After your first year, you’re expected to pay an annual fee of $48, with additional monthly servicing fees of $8.25. In your first two years, you will have paid $287 in fees. There are much better cards out there designed for those with poor credit history that have nowhere near the amount of fees the Total Visa Credit Card has. 

High APR

Of course, with Total Visa taking a chance on you with the poor credit history, they expect a high APR in return to cover their liabilities. Both the purchase and cash advance APR are at an excessive rate of 35.99%. Missing a payment can be a brutal mistake with this card.

Conclusion

Overall, the Total Visa Credit Card is viable for those who have no other unsecured card option left. There are many better cards out there for those with a poor credit history that won’t drown you in monthly and annual fees like the Total Visa Credit Card will.