Credit Cards

First Savings Credit Card review: Build or Repair your credit score

Read this First Savings Credit Card review and find out how this unsecured card will help you build or repair your credit score.

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by Danilo Pereira

Published on 11/16/2022

This unsecured card reports to all three major credit bureaus, thus helping you build or repair your credit

first savings credit card
Read our First Savings Credit Card review to see how it works. Source: The Post New.

With this card, you have fraud coverage in case you lose your card, and it allows you to pay your bill and manage your account online. Learn more in this First Savings Credit Card review.

first savings credit card

How to get your First Savings Credit Card

In this First Savings Credit Card application guide we will show you how to get this card so that you can start building your credit.

  • Credit Score: Not specified
  • APR: 15.65% to 29.99% depending on creditworthiness
  • Annual Fee: $0 to $75 depending on creditworthiness
  • Fees: N/A
  • Welcome bonus: N/A
  • Rewards: N/A

The First Savings Credit Card does not require a security deposit and it offers you the opportunity to increase your credit limit in as little as six months.

But beware, because this card has a high APR, a potentially high annual fee, and you can only apply if you have an invitation.

First Savings Credit Card: how does it work?

One of the things that makes the First Savings Credit Card a rather peculiar card is the fact that its annual fee and APR is dependent on how creditworthy the applicant is.

The annual fee ranges from $0 to $75, and the APR can be anywhere between 15.65% and 29.99%.

The issuer does not make it clear how it decides on these factors, but we can presume the lower your credit score, the higher APR and annual fee you will pay.

Strangely enough, this card does not have an application section on its website. That is because in order to apply you must receive an invitation by mail or email.

Only then will you be able to fill out the online application form.

First Savings is a company that aims at customers with a poor credit score, although it does not specify a minimum credit score for qualification. 

The issuer offers an app through which you can easily manage your account.

There you can view your account balance, statements, make payments, enroll in autopay and edit your account information.

You can pay your credit card bill through a variety of methods, including using your online account to pay through the services portal.

You can even mail your payments to First Savings Credit Card at P.O. Box 2509, Omaha, NE 68103-2509.

Significant benefits and disadvantages you may find

First Savings credit card
Use this card responsibly, and you’ll build a strong credit score. Source: Freepik.

Now that you understand the details of this card, how about a comparison between its pros and cons? Our First Savings Credit Card review would not be complete without it.

So check out the list of benefits and disadvantages we have prepared for you below.

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Benefits

  • No security deposit
  • Covers fraud for lost card
  • Allows for online bill payment 
  • Increases your credit limit within 6 months

Disadvantages

  • Potentially high interest rate
  • Application is invitation-only
  • Potentially high annual fee

Is a good credit score required for applicants?

The issuer of the First Savings Credit Card does not specify a minimum credit score they require from applicants.

However, as we have mentioned, this is a card especially designed for individuals with poor credit, so a good credit score is not necessary.

Learn how to apply and get a First Savings Credit Card

If you like what you have read in this First Savings Credit Card review, you might want to take the next steps and apply for it.

If that is the case, then hit the link below and we are going to show you how to do it.

first savings credit card

How to get your First Savings Credit Card

In this First Savings Credit Card application guide we will show you how to get this card so that you can start building your credit.

About the author  /  Danilo Pereira

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

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