Find a Credit Card |
Browse By Category |
|
| Rewards Cards |
|
| Special Search |
|
| By Credit Rating |
|
| Browse By Bank |
| |
Major Banks |
| |
|
| |
Smaller Banks |
| |
|
|
|
|
USA Platinum for College Grads
Issued By: USA Credit |
 |
 |
*See Website for Terms and Conditions
|
|
Monthly Payment History Reported To A Credit Bureau
|
|
*Guaranteed Approval
|
|
Unlimited *Free Access To Your Credit Report for 30 Days
|
|
Consolidate Your Student Loans into One Easy Payment and Save Money
|
|
$7,500 Unsecured Platinum Credit Line
|
|
CreditCard49 Rating
 |
| |
Intro APR |
Intro APR Period |
Regular APR |
Annual Fee |
Intro Good On |
Credit Needed |
NA |
NA |
NA |
none |
None |
Very Good |
|
|
|
Card Info Last Reviewed 2007-01-09 |
|
Our Review
The USA Platinum for College Grads, issued by USA Credit, is designed for those with poor to limited credit who are looking to establish or re-establish credit.
It is very important to understand that by completing and submitting the application, the cardholder is also agreeing to consolidate their student loans through United Student Loans. United Student Loans offers various loan repayment plan options, and cardholders should read the terms and conditions to find out more about the program before applying.
Although there is a $149.95 account set-up fee, it is considered reasonable as compared to similar products designed to establish credit, many of 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 their "No Credit Check or Credit Turndowns" policy, although certain restrictions do apply (*see website for terms and conditions).
Those who become active members will be glad to know that the credit line is reported to a major credit bureau.
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 products. However, this may or may not be a drawback for certain members.
Therefore, those who are looking for a low cost option to establish or re-establish credit and do not require a card for general everyday purchases may find the USA Platinum for College Grads to be a suitable option.
Additional Perks
Unlimited *free access to a credit report for 30 days.
*See website for additional benefits.
Notations
It is important to understand that by applying, the cardholder is also agreeing to participate in the student loan consolidation program.
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
|
|
|
|
|
|
|
|
