MERCURY CARD FULL

Some secured credit cards also provide a greatly reduced APR, but with the additional expenditure of an annual fee and security deposit.

Both feature a fixed interest rate of 24.99%, which is almost 4% lower than the Mercury Mastercard for those with poor credit. Both rates are considerably higher than the national average APR for those with fair credit scores, which currently sits at around 24%.ДЇor those who prefer a fixed-rate APR, both the Indigo Platinum Mastercard and Milestone Gold Mastercard provide better value. The rate with the card is variable, but since the card is aimed at those in the process of rebuilding their credit, the rates donвЂ™t vary too much.Д®ven at the lower end of the interest rate spectrum, the cardвЂ™s APR for purchases and balance transfers is above 25%, while those at the tail end of this range are getting an interest rate closer to 28%. A Very High APRДЄs previously noted, the Mercuryв„ў Card falls into the same trap as many other sub-prime credit cards in that it features sky-high interest rates. Because 15% of a FICO Score is based on the average age of credit, closing accounts damages a credit score, meaning those with sub-prime credit cards that charge an annual fee are trapped in a cycle of paying a yearly fee for a card they no longer want. One of the big problems with credit cards for average credit scores is that the annual fee makes them a burden вЂ“ especially when a score improves. The Mercury Mastercard charges no annual fee, making it an excellent tool for boosting a credit score without incurring additional costs. While the Mercuryв„ў Card fits into the former characterization, it impressively avoids the latter. Cardholders, for example, might be penalized for having an average -or below-average вЂ“ credit score with higher-than-normal interest rates or a steep annual fee. While itвЂ™s important to accept these complaints at face value, there also needs to be the understanding that negative reviews likely represent a small portion of the cardвЂ™s clientele.Д¬redit cards for those with sub-prime credit scores typically donвЂ™t offer the best terms. The app sounds great in principle, but there are many complaints from cardholders that are either Barclays holdovers or new to Mercury that have encountered issues with both the app and the cardвЂ™s website. The Mercury Mastercard app also offers cardholders a secure way to check their account balance and transaction history, as well as manage linked bank accounts to pay their monthly statements. All cardholders can access their credit score through the app, helping them keep track of their progress every step of the rebuilding process.

Like any credit-builder credit card, the Mercury Mastercard provides complimentary access to an individualвЂ™s FICO score every month. This lack of an annual fee makes it one of the best credit cards for people with a bad credit score. The unsecured card, issued through First Bank & Trust of South Dakota and Mercury Financial, benefits from no annual fee, making it one of the few credit cards in the space that doesnвЂ™t punish credit-builders with yearly maintenance costs. The Mercury Mastercard is designed to help those with average credit boost their score with responsible use. Have received a pre-approval letter from Mercuryв„ў.

MERCURY CARD FULL

Plan to pay their balance in full every month.Want an unsecured card that doesnвЂ™t charge an annual fee.The interest rates with the card are high but paying the statement balance in full removes the worry and sets cardholders up for credit-building success. The MercuryВ® MastercardВ® is a no annual fee unsecured card that helps those with challenging credit boost their score.

Mercury card