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4 Things You Need To Know About Fortiva Credit Card Today | fortiva credit card

The Fortiva Credit Card isn't among top rated credit cards especially for those with bad credit history. Nonetheless, you can check out the list of best credit cards available for what many consider to be better alternatives. The card offers various rewards, such as cash back, air miles, and much more. For many consumers, it is a great alternative especially when the economy remains in the rough spot. As a matter of fact, many are choosing this particular credit card even if they have bad FICO score.

To know more about the advantages of this specific brand, one should know how the structure works. Each month, the customer has to make three major credit bureau payments. These include his/her monthly payment to his or her selected financial institution, security deposit amount, and an extra amount that will be taken out of the security deposit. If you pay your monthly payment on time, you have done well. However, if you don't, there are some negative effects waiting to take place.

As previously mentioned, many are choosing this particular credit card despite its disadvantages. First, they are often given a high interest rate. In fact, many reports show that the annual fee is one of the main reasons why many consumers are choosing to go with other cards even if they have poor credit history. As mentioned, many consumers are finding it difficult to pay their bills on time particularly when there is an economic downturn. Many are choosing to use the forties credit card even though it has high annual fee and the inability to pay off debts within the stipulated time period.

As consumers continue to search for alternatives to pay their bills on time, many are finding that the fortiva credit card offers a good credit score. The credit card issuers are required to provide the credit score of every consumer. It is very easy to check your credit score on a yearly basis. You simply go to the credit reporting agencies and you can view your credit score on a monthly basis or you can pay a small fee to have it sent directly to your email address. If you have a good credit score, you are likely to get a good credit limit and good credit rating as well.

One disadvantage of the forties credit card is that there are several maintenance fees that are charged on an annual basis. Some of these fees include security deposit insurance, balance transfer fee, gateway service charges, and others. The annual fee is usually in excess of $50. This amount can go up to as much as a few thousand dollars depending on the type of annual fee structure that you have chosen.

Despite having such a high annual fee, many consumers still choose to apply for the fortiva credit card because it provides them with a great deal of perks. These perks include free air miles, free hotel stays, rental cars, and so on. With all of these perks, many consumers find it easy to pay off their debts without having to worry about the large security deposit.

There is also the fact that many consumers tend to have a lower than average credit limit when applying for a credit card. The reason why the credit limit is lowered is due to the fact that the consumer will be required to make monthly payments. The larger payment that is made each month goes towards the security deposit. As you may have guessed, the larger your security deposit is, the lower your credit limit will be. That means that if you don't pay off your debt completely each month, you will be unable to obtain a higher credit limit.

Overall, the fortiva credit card is a good choice for people who are looking to obtain some extra spending power. Even though the interest rate is a bit high, it will still be much lower than most cards on the market. Also, since it requires regular payments, you will be able to keep your monthly debt to a minimum. While it is true that it has a few negative aspects, it will help you in the future should you ever need to borrow money or obtain a credit line. However, as always, it is important to ensure that you have a good credit score before you apply for any type of credit card.

Fortiva Credit Card Review – fortiva credit card | fortiva credit card

Fortiva Credit Card Review: How and Why to Apply – fortiva credit card | fortiva credit card

Fortiva Credit Card Review – fortiva credit card | fortiva credit card

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