The Tribute Gold MasterCard is issued by The First Bank of Delaware. This is a unsecured bad credit card.
Tribute Credit Card
www.Tribute.com
It is designed specifically for individuals with a low credit score. It will report to all 3 major credit bureaus.
By paying your monthly bill on time it will create a record of a positive payment history. This factor alone 'payment history' allegedly is about 40% of your credit score when it is calculated.
It is reported as an unsecured line of credit. Because it is unsecured the credit bureaus will give it more weight and you can re-establish your credit faster than with a secured line.
*Interested in repairing your credit report? Get a no obligation
We, mildly suggest the Tribute MasterCard. This is because it has some very high fees.
For example; $150 annual fee, $119.40 maintenance fee, $29 opening account fee, and more. And on top of that a very high 24.5% APR.
Additionally some of these fees are charged up front. When your card is issued it has a $300 credit limit however after the upfront fees your available credit will be under $100.
However the Tribute MasterCard like many other sub prime credit cards is no longer being issued.
Instead we suggest the prepaid Account Now Visa.
It will report to the major credit bureaus giving you a way to build credit.
And it comes with; Free Direct Deposit, Free Bill Pay, Free Credit Builder, Free Activation, And Even Let's You Borrow Money.
