Legacy Credit Card: The legacy visa credit card, offered by first national bank and available by invitation only, is designed for individuals with less than perfect credit. Card activity is reported to the three credit reporting agencies, which makes it possible for cardholders to rebuild their credit file when this card is used responsibly.
Legacy Credit Card
This credit card comes with purchase protection to cover damages to contents that occur as a result of loss, accidental damages and theft. It also offers zero accountability for fake purchases.
Do you know that the legacy visa credit card is a card designed for people with low or average credit? If you have bad credit, then you can consider using this card. Since the credit card also enables customers, who have had financial crises, to enhance their credit card rating.
With the legacy credit card, you are sure to enjoy all the visa benefits, that come with the card, as well as be able to restore your damaged credit.
Benefits of legacy credit card:
There is no initial deposit:
Although the legacy visa caters to the same group of individuals as secured credit cards, a deposit is not required to access your credit line. This a major benefit for consumers with bad credit since it offers an alternative to those who do not have cash on hand to set aside for a secured credit card account.
Adjustable terms with responsible card use:
Reviewers from credit card forum mentioned the ease of obtaining an increased credit limit from first national bank within a reasonable period of time due to timely payment history. Reductions to the initially steep annual percentage rate were also made.
Online account management:
You can manage all account activity online 24 by 7. Features include:
- Statement access
- Payment processing
- Dispute resolution
- Personal identification number requests
- Profile management
This facilitates timely payment processing and saves cardholders time that would be otherwise spent on the phone with customer service representatives.
Drawbacks of legacy credit card:
As with any credit card, there are drawbacks that you should consider before committing.
In order to apply for a legacy visa, you must be invited by mail. This is unfortunate for those who have less than perfect credit and desire to obtain a credit card that does not require a significant initial cash outlay.
No initial deposit is required, but the card comes loaded with debt upon activation. In some instances, cardholders opened new accounts with the initial available balance totaling less than 50% of the credit limit, as noted by reviewers from complaints board.
This was a result of hefty activation fees. Unfortunately, issuing a credit card with a high debt balance and accompanying apr can quickly cause the consumer more damage to their credit file because they may have a difficult time reducing or completely eliminating the initial balance if cash reserves are limited.
No rewards for being in good credit:
Some credit companies lower the interest rate and increase the credit limit in course of time. But with this visa credit card you will have to stick to the same rates and limits despite being in good credit for years together. Timely monthly payments do not seek any recognition.
Is getting the legacy credit card a good choice?
You enjoy saving on travel and entertainment, dining also. Select prescription medications may also qualify for a discount.
The company will pay your card’s minimum balance each month up to a maximum of $5,000 until you get on your feet again.
You must be enrolled in the program for at least 30 days before filing a claim and you cannot make more than one claim within a 120-day period.
Simple online account management: once you sign up for the card, you will be provided with a legacy visa credit card login that you can use to manage your account, change your alert settings, view your account balance and set up automatic payments.
Application to get legacy credit card:
The steps need to follow by user if he or she wants to get the legacy credit card form the first national bank:
Firstly, user has to go to the card’s webpage. Here need to click on the apply button
Then it will ask to give your reservation number.
On entering the correct number it will ask to verify your mailing address.
Completely fill the acceptance form, and verify that your information is accurate.
To conclude the application accepts the offer.
Legacy visa login and payment
To pay bill online of this credit card you need to go at official website of first national bank regarding payment.
On entering the correct login details, you can access your account and then you can bill your payment whatever you want.
Registration or activation process of the legacy credit card:
Here, you need to set up your account if you are not registered.
To register this account you need to enter 4-fields that are card number, card expiry date, last 3 digits (back of your card) and last 4-digits of your SSN.
After that press the continue button which results into successful activation of your legacy credit card.
Legacy credit card login steps:
User has to visit the bank’s official website
Then need to visit the login page.
Here the user has to enter the login details like username and password.
On entering the correct details only, he or she is able to login to their account.
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When choosing a credit card, the one main point everyone should take into account is their credit score. If your credit score is relatively high, then you have nothing to worry about, but when it isn’t, you’re in for some trouble.
The legacy credit card issued by the first national bank is specially designed for those with a low or bad credit score. It offers you the chance to build your credit score freely. But this card is unique in that it is an invite-only card, and you cannot just apply for this card online.