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First Entry Credit score Card Overview 2023: Execs & Cons


The First Entry bank card claims it’ll show you how to construct credit score. Do you have to go for it when you don’t have good credit score and need assistance constructing credit score?

Discover out about this card and the way it provides up in our First Entry bank card evaluate[1].

First Entry Credit score Card Highlights

First Access Credit Card Art
  • $95 set-up price
  • $75 annual price that drops to $48 in subsequent years
  • Excessive APR of 35.99%
  • Low credit score restrict of $300 that you simply can not enhance for no less than 12 months
  • Pays 1% money again rewards on funds solely, not purchases

Apply for the First Entry Card


First Entry Credit score Card Principal Advantages & Perks

If you wish to rebuild your credit score, chances are you’ll come throughout the First Entry bank card. Whereas it doesn’t have essentially the most optimistic critiques, there are some advantages to think about.

Straightforward Software Course of

The First Entry bank card utility is on-line, and you may have a solution inside minutes. It takes just a few minutes to enter your data and decide when you’re permitted.

If First Entry can’t approve your utility immediately, they’ll ship you an e mail or letter telling you what they should proceed processing your utility or why they couldn’t approve it.

Accepted Wherever Visa® is Accepted

Despite the fact that the First Entry bank card is for individuals with unfavorable credit ratings who have to construct credit score, it’s a regular Visa® bank card. This implies you need to use it on the 1000’s of shops that settle for Visa®.

Earn Rewards for Making Funds

To encourage cardholders to construct optimistic credit score, First Entry pays 1% money again on all funds made towards your invoice. This implies for each $100 you pay, you earn $1. Whereas it’s not a ton, it’s free cash, and also you construct your credit score.

Experiences to All Three Credit score Bureaus

First Entry studies your bank card exercise to all three credit score bureaus. If you happen to use your card correctly, pay your invoice on time, and don’t overextend your credit score line, chances are you’ll enhance your credit score rating with common use of this card.

No Safety Deposit

The First Entry bank card doesn’t require a safety deposit. Whereas the credit score line is low for brand new cardholders, you don’t must provide you with cash to place down on the cardboard simply to have a credit score line.

Gives Free Entry to VantageScore® and Credit score Training

First Entry affords free entry to your VantageScore®[2] credit score rating and credit score training to proceed credit score constructing. With common monitoring and seeing your progress, chances are you’ll proceed to make good credit score and spending habits to enhance your credit score rating.


First Entry Credit score Card Principal Drawbacks

Understanding the drawbacks of the First Entry bank card is necessary that can assist you determine if it’s best for you.

Excessive Charges

The biggest draw back we need to point out within the First Entry bank card evaluate is the charges (see Charges & Charges). They’re extreme and never typical for many bank cards. They embody:

  • $95 set-up price
  • $75 annual price initially, then $48
  • $8.25 month-to-month price after the primary 12 months
  • $10 or 3% of every money advance after the primary 12 months
  • As much as $41 late or returned cost price
  • Further card price of $29 per approved person
  • Premium card design price of $10
  • Credit score restrict enhance price equal to 25% of the rise

Preserve Studying: Are Annual Payment Credit score Playing cards Price It?

You Should Wait Six Months to Redeem Rewards

If you happen to earn cashback by paying your invoice, you can’t redeem it for six months. As well as, you have to wait till you’ve amassed 500 factors (you earn 1 level for every greenback paid). So, the minimal reward you possibly can redeem is $5.

Excessive-Curiosity Charge

The First Entry bank card rate of interest is way larger than most bank cards. At 35.99%, your purchases will shortly add up, and staying on high of your invoice might be exhausting. The debt can accumulate shortly when you cost greater than you possibly can afford to repay.

You Should Have a Checking Account

First Entry doesn’t require good credit score, however you have to have an energetic checking account to get permitted. You will have to look elsewhere when you don’t have a checking account and are attempting to construct credit score.


Who Is First Entry Credit score Card Finest For?

Few individuals would profit from the First Entry bank card due to its extreme charges and rates of interest. The one upside is that you simply don’t want a safety deposit.

So, when you don’t have cash to place down on a card (even $200), this can be a viable choice however don’t maintain it for a couple of 12 months.

It can value you $95 to set it up and one other $75 in an annual price, but when it helps you construct credit score with out making a safety deposit, it may be value it when you use the cardboard appropriately.


Finest Alternate options to First Entry Credit score Card

There are a number of alternate options to the First Entry bank card to think about, together with the next.

Capital One Platinum Secured Credit score Card

You don’t want nice credit score for the Capital One Platinum Secured bank card, because it’s a credit-building card. Relying in your {qualifications}, chances are you’ll solely want $49, $99, or $200 right down to get a $200 credit score line.

The safety deposit is refundable with correct use, and chances are you’ll get a better credit score restrict or unsecured card robotically in as little as six months.

Credit score One Financial institution® Platinum Visa® for Rebuilding Credit score

The Credit score One Financial institution® Platinum Visa® bank card is supposed for constructing credit score, however it pays cash-back rewards. You may earn 1% again on purchases, plus extra rewards for purchases from associate retailers.

This card has a $75 annual price ($99 after the primary 12 months) however doesn’t require a safety deposit.

First Progress Platinum Elite Mastercard® Secured Credit score Card

The First Progress Platinum Elite Mastercard® secured bank card doesn’t require a minimal credit score rating, and its annual price is barely $29; nevertheless, you have to put down a safety deposit, which is your credit score line.

Uncover it® Secured Credit score Card

The Uncover it® secured bank card requires a safety deposit beginning at $200, which is then your credit score line. Uncover will evaluate your account historical past beginning at seven months. If you happen to use the cardboard responsibly, they may refund your safety deposit.

They are going to then improve you to an unsecured card with typical Uncover advantages, together with cash-back rewards. Within the meantime, you possibly can earn 2% again on fuel and restaurant purchases as much as $1,000 per quarter and 1% again on all the pieces else with the secured card.


Continuously Requested Questions

Our First Entry bank card evaluate uncovered all the pieces to know in regards to the card that can assist you decide if it’s an excellent match. Listed below are another questions individuals have about it.

Is the First Entry Credit score Card a Good First-Time Credit score Card?

There are numerous different choices than the First Entry bank card for a primary bank card. Even when you don’t have credit score but, there are secured bank card choices with a lot decrease APRs and annual charges that make them higher playing cards, such because the Uncover it® bank card.

Does the First Entry Credit score Card Assist Construct Credit score?

First Entry advertises its card as a credit-building bank card. They report your exercise to all three credit score bureaus, so when you pay your invoice on time and don’t max out your card, chances are you’ll enhance your credit score rating utilizing it.

What’s the Credit score Restrict With a First Entry Credit score Card?

The First Entry bank card begins everybody with a $300 credit score restrict for the primary 12 months. You may request a credit score line enhance after 12 months, however they cost a price equal to 25% of the rise, so contemplate your choices.

What Credit score Rating Do You Want for the First Entry Credit score Card?

The First Entry bank card prefers a credit standing between 550 to 620. They are saying the cardboard is for credit score constructing and is supposed for individuals with no or unfavorable credit ratings.

Do I Want a Checking Account To Get a First Entry Credit score Card?

Sure, one of many few stipulations First Entry has to get permitted is you have to have an energetic checking account in good standing.

Does the First Entry Credit score Card Give Credit score Will increase?

You may request a credit score line enhance after 12 months by calling the customer support quantity on the again of your card. Not everyone seems to be eligible for a credit score line enhance, however that’s frequent for any bank card.

Is the First Entry Credit score Card Secured?

No, the First Entry bank card shouldn’t be secured. They make up for the chance this poses by charging an excessively excessive APR.

Do I Have To Pay the First Entry Credit score Card Annual Payment if I Cancel the Card With out Utilizing It?

To keep away from it, you have to cancel the First Entry bank card earlier than your annual price is assessed. If you happen to cancel after the price is assessed, you’ll not obtain a refund even when you didn’t use the cardboard.

Can I Get a Money Advance for My First Entry Credit score Card?

You will get a money advance in your First Entry bank card. It’s topic to the 35.99% APR, however there aren’t any money advance charges for the primary 12 months. After the primary 12 months, they cost $10 or 3% of the money advance.  The price you’re charged is the higher of the 2.

How Do I Pay My First Entry Credit score Card?

The cellular app is the simplest strategy to pay in your First Entry card. You too can pay on-line.

How Do I Apply for the First Entry Credit score Card?

You may apply for the First Entry bank card on-line. Finishing the appliance takes a couple of minutes, and you need to have a solution immediately. You should use the cardboard after you’ve paid your $95 program price and obtain your card within the mail.


Is the First Entry Credit score Card Finest for You?

The query this First Entry bank card evaluate solutions: is the First Entry bank card greatest for you?

Actually, there are higher choices, even when you have unfavorable credit ratings or no credit score. You’d be higher off with a secured bank card with a low credit score restrict to construct your credit score.


[1] Editorial Content material Disclosure: The editorial content material on this web page (together with, however not restricted to Execs and Cons) shouldn’t be offered by any bank card issuer. Any opinions, analyses, critiques, or suggestions expressed listed below are the creator’s alone, not these of any bank card issuer, and haven’t been reviewed, permitted, or in any other case endorsed by any bank card issuer.
[2] Calculated on the VantageScore 3.0 mannequin. Your VantageScore 3.0 from Experian® signifies your credit score danger stage and isn’t utilized by all lenders, so don’t be shocked in case your lender makes use of a rating that’s completely different out of your VantageScore 3.0. 

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