Total Visa Card

The Total Visa is a bad credit unsecured card. It was designed for individuals with blemishes on their credit report.

It reports to all the major bureaus monthly. With on time monthly payments you can start to build a positive payment history.

This is a heavily weighted factor in your credit score. Additionally your utilization ratio is another large determining factor of your score.

This ratio is how the credit bureaus decide if you are in over your head financially. It compares your amount of debt to your amount of available credit.

They estimate that your utilization ratio and payment history make up to 80% of your score. It will help if you have unused credit.

It is still important to remove derogatory items from your report this will help with showing a positive payment history.

There is an initial limit of $250 and an annual fee of $48. It has a 19.92% APR, and is issued by the Plains Commerce Bank.

They offer a 19.92% cash advance APR which is actually lower than many prime credit cards, in case of a financial emergency. They do give quarterly credit limit increases. 

Recently good credit cards have been raising their interest rates even with customers that are paying on time. These rates have been jumping as high as 28%, without cause.

Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.

This card will give you free online account access and fraud protection. It is accepted everywhere you see the visa logo displayed. When you apply online you will have an instant decision.

In sum, we do suggest the Total Visa. It can be used to build positive credit because it reports monthly to the bureaus, and is a second chance for many.