Specifics

• Introductory Rate: No Introductory Rate Available
• Applied Towards: None
• APR (Purchases): 19.92% The APR for purchases is based on the Prime Rate.
• APR (Cash Advances): 19.92% There is a minimum APR on cash advances. The APR for cash advances is based on the Prime Rate.
• Finance Configuration: Average Daily Balance (including new purchases)
• Annual Fee: $50
• Additional Cardholders: $30**
• Grace Period: 25 Days (Min.)
• Minimum Credit Limit: $300
• Maximum Credit Limit: up to $2,000
• Late Payment Fee: $35
• Over-The-Limit Fee: $35
• Cash Advance Fee: 3%, $5 minimum
• Balance Transfer Fee: n/app

Reward Program Details

• Points per Dollar: n/app
• Additional Points: n/app
• Point Details: n/app
• Expiration: n/app (Account inactivity for more than 36 months could result in the forfeiture of some or all of the Cashback Bonus.)
• Yearly Limit: n/app

Review

The Continental Finance MasterCard®, issued by First Bank of Delaware, is a credit card designed for those with poor credit who would like a second chance. The main benefit of this unsecured credit card is that it reports to credit bureaus. This is a rare opportunity for those with poor credit who would otherwise only qualify for secured or prepaid cards, which often do not report to credit bureaus or charge fees to report to credit bureaus. This card has an above average APR of 19.92%, and it has an annual fee of $50. It also charges a monthly maintenance fee of $12 ($144 per year). However, the monthly maintenance fee is waived for the first month. There is a one-time account processing fee of $200. This means that the total amount of fees that a cardholder can expect to pay in the first year will be $382. Cardholders will also receive free online access, excellent online tools for managing their finances, and semi-annual credit limit increases*. Therefore, those who want a second chance with their credit, do not mind paying the various fees, and would prefer an unsecured credit card may find the Continental Finance MasterCard® to be beneficial. Last Modified Date: 9/2/2008 12:00:00 AM

Additional Perks

Access to semi-annual credit limit increases.
* Various Internet account related services.
See website for additional benefits.
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Important Notations

*See website for other fees, rates, terms, and conditions. ***The monthly maintenance fee of $12 is waived for the first month. There is a one-time account processing fee of $200. There is a $35 fee for returned payments. There is a $25 fee for credit limit increases. There is a $4 fee for Internet payments. See website for complete terms and conditions of card usage and application disclosure.