First Savings Credit Card: Benefits, Special Offers, and Alternatives

Many loan defaulters have switched to using the First Savings credit card. Do you know why? There are several financial benefits this credit card could offer. While we recommend it for you, let’s tell you more about it.

The First Savings Credit Card is a product offered to anyone by the First Savings Bank to meet the needs of credit rebuilders.

It has proven to be an easy way for customers to log into their online accounts with the cards.

We will highlight several elements of the First Savings Credit Card and compare them with a few other options regarding credit cards.

Benefits of the First Savings Credit Card

If you’re using the First Saving Credit Card, these are some of the benefits you will enjoy.

1. Credit Building

For this reason, the First Savings Credit Card will assist people who want to establish or reestablish credit.

Credit payments are forwarded to the three foremost credit reporting agencies on a monthly or weekly basis, hence having a direct bearing on the credit score.

2. No Security Deposit is Required

The First Savings credit card differs from most of the secured credit cards designed for building credit scores in the sense that the account holder does not need to deposit any cash to secure it.

3. Online Account Management

Another advantage shown in the card’s login is that it allows the customer to manage the account online, which is aesthetically suitable for customers who wish to engage in online account management.

4. Initial Credit Limit

Initially, the credit limit is comparatively low; however, utilizing the credit limit wisely, and making timely payments can result in a credit limit’s extension.

Special Offers of First Savings Credit Card

• $0 interest and $0 security deposit.
• Convenience wherever you use your Mastercard Credit Card to make everyday purchases, dine out at restaurants, or during online shopping.
• You’re in full control of your purchases.
• There are no hidden fees and no penalty APR.
• Get fraud coverage for lost or stolen cards.
• Get secure online account access.

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Downsides of the First Savings Credit Card

While enjoying the benefits, look at the downside of this credit card.

1. High APR

The card has a high variable purchase interest rate, which translates to the fact that those with a balance that is not cleared each month attract high interest charges.

2. Annual Fee

The card comes with an annual fee, a factor that is not competitive with other credit cards that allow users to choose between a card with an annual fee and one that has no annual fee at all.

3. Limited Rewards Program

Another feature customers will be missing if they decide to apply for the First Savings Credit Card is the hardly impressive rewards program in comparison with other credit cards.

4. Limited Acceptance

Being a less popular card brand, it may not be as accepted as other big credit card companies, which can be a drawback.

Importance of the First Savings Credit Card Login

The login portal for the First Savings Credit Card is a vital tool for cardholders to manage their accounts efficiently. Key features of the login include:

1. Checking Account Balances

This way, cardholders are informed of their current balance, which is essential for managing one’s financial prosperity.

2. Making Payments

Ensures that payments are made on time so that no penalties are incurred, hence a good credit rating is achieved.

3. Viewing Transaction History

This ensures that there is control or check on the spending and identification of fraudulent activities.

4. Updating Personal Information

This guarantees that all the communication and statements that go to the cardholder are not flawed in any way.

5. Setting Up Alerts and Preferences

Sends due date reminders, payment confirmations, and any other notification that can help in the proper management of the accounts.

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Alternatives to the First Savings Credit Card

For those considering other options, here are some alternatives that may provide better benefits or align more closely with specific needs:

1. Secured Credit Cards

• Discover it Secured charges a security deposit, yet gives cashback on purchases and shares credit data with all three credit bureaus.
• Capital One Platinum Secured has low initial deposit acceptance but has a prospect of a better credit limit depending on the usage of the card.

2. Credit Cards for Fair Credit

• Capital One QuicksilverOne outlays one of the special mentions here is the QC MasterCard, which offers 5% cash back on all purchases; this is a good credit card for the fair category to have for earning back your cash.
• Petal 2 “Cash Back, No Fees” Visa initial rebates of 1% on all goods bought at the outlets, which are then to be increased to 1.
• It also has a cash-back program that ranges from 1% up to 5% on purchases, 5% on the anniversary of the first on-time payment of the card: 1% on everything else, and a non-annual fee.

3. Credit Cards for Poor Credit

• Credit One Bank Platinum Visa is specifically targeted at people with bad credit but allows for an improved credit score if used responsibly; however, it has an annual fee and a rather high APR.
• OpenSky Secured Visa Credit Card credit facility does not involve a credit check, implying that the facility is open to users with very adverse credit ratings or no rating at all.

Our Final Thought

A First Savings Credit Card, accompanied by an online login, becomes a useful tool for people who have or would like to create a credit history.

Its advantages include reporting to major credit bureaus and not requesting a security deposit, which makes this product good for building credit.

Nevertheless, the great APR, the annual fee, and the absence of a rewards program are disadvantages at the same time.

However, those people, who want to get stronger benefits, will be practically attracted by secured credit cards or credit cards for fair/poor credit.

One should therefore assess his or her financial status and credit goals to make the right choice of the right credit card to use.

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