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USA Optimum Gold
Issued By: USA Credit |
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*See Website for Terms and Conditions
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*Guaranteed Approval
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Unlimited *Free Access to Your Credit Report for 30 Days
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Establish Credit By Reporting To Major Credit Bureau
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Credit Limit Increases Available
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No Employment Verifications
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No Credit Checked or Credit Turndowns
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$12,500 Unsecured Gold Credit Line
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CreditCard49 Rating
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Intro APR |
Intro APR Period |
Regular APR |
Annual Fee |
Intro Good On |
Credit Needed |
NA |
NA |
NA |
none |
None |
Good |
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Card Info Last Reviewed 2007-01-09 |
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Our Review
The USA Optimum Gold, issued by USA Credit, is designed for those with poor to limited credit who are looking to establish or re-establish credit.
Although there is a $149.95 account set-up fee, it is considered reasonable as compared to similar products designed to establish credit, which can charge fees ranging anywhere between $200 and $400 for the first year of membership. In addition, there is no annual fee and no interest rate on purchases.
Anyone who applies will be accepted based on the issuer's "No Credit Check or Credit Turndowns" policy, though certain restrictions do apply (see website for details).
Those who become active members will be glad to know that transactions will be reported to a major credit bureau as an unsecured card. Cardholders will also have access to a *free 30-day trial offer for the Elite Membership Status privileges, which include credit report access, roadside assistance, a health prescription discount card, and more. There is an optional monthly charge of $19.95 to continue membership after the trial expires, but if the cardholder maintains their Elite Membership Status in good standing for a minimum of six months, they will be eligible to receive a *free $50 gift card.
So what's the catch? The major drawback of the product is that it can only be used for retail purchases through the USA Shopping Club. In essence, it is a retail charge card that can only be used for select purchases and/or services. However, this may or may not be a drawback for certain individuals.
Therefore, those looking for a low cost option to establish or re-establish credit and do not require a card for general everyday purchases will find the USA Optimum Gold to be more than adequate.
Additional Perks
Unlimited *free access to a credit report for 30 days.
Elite Status members will be eligible to receive a $50 gift card if they maintain their membership in good standing for a minimum of six consecutive months.
*See website for additional benefits.
Notations
The credit line is reported to a major Credit Bureau.
Applicants must be at least 18, a U.S. citizen or permanent resident (excluding Wisconsin) with an active checking account, and have no undischarged bankruptcies.
*No employment verifications.
*Guaranteed approval.
*No credit checks or turndowns.
*Pre-Approved.
*See website for terms and conditions.
View Website Details
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