First National Bank Credit Card Review | CreditShout

First National Bank Credit Card Review

By Kevin / March 24, 2009

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Verdict: This is an OK card for people that want to earn cash back easily, although there are much better rewards cards available. 1 point is earned for every dollar you spend with your credit card, with the exception of the College Visa and Platinum Edition Visa.

Overview:
The Maximum Rewards Platinum card offers 1 point for every $1 in qualifying purchases and 1,000 bonus points with the first use within the first three billing cycles. With the BucksBack Platinum card you get a $10 reward check when your application is approved and $10 when you make your first qualifying purchase.

You also earn a $25 reward check whenever you reach $2,500 in qualifying purchases.

With all four cards there’s no annual fee and your card can be personalized with your own picture. Fraud protection is also given with the Zero Liability policy. You also receive 0% APR for your first six months.

How This Card Works:
The First National credit cards offer 1 point for every $1 in qualifying purchases if you qualify and apply for the Maximum Rewards or Bucks Back cards. The College and Platinum Visa cards are standard credit cards with no benefits.

There is no annual fee or liability with this card and with all four you receive 6 months of 0% APR.
You may be removed from the rewards program if you fail to make payments or are late. There is also no limit to the number of points you may earn, but you may be limited a certain number of points per promotion. Your program membership is renewed every year unless you request to be removed.

SecureCredit Debt Cancellation is also available for 89 cents per $100. This program will cover your monthly payment for up to 24 months based on certain conditions, such as hospitalization, divorce, involuntary unemployement, or disability. Your account will also be credited $10,000 if you or the secondary cardholder are accidently killed.

Travel and Shopping Benefits:
There are no travel or shopping benefits with these cards.

Fees:
There is a 20 day grace period with a minimum finance charge of $1.75. The over the limit fee is $39. Late payments cost $35 for balances less than $500 and $39 for balances above $500. The APR for the College Visa is 13.99%, 15.99%, or 17.99%, depending on credit. The APR for defaults may be the Index plus up to 23.99%. APR for the Platinum card is 9.99%, 11.99%, or 13.99% based on credit with a penalty rate as high as 27.99%. The BucksBack Platinum card offers rates of 13.99%, 15.99%, or 17.99%, again based on credit. The penalty is again 27.99%. The last card available is the Maximum Rewards Platinum card which offers an APR of either 13.99%, 15.99% or 17.99%. The penalty is also 27.99%.

Pros:

  • Can be personalized with your own image.
  • 0% APR for 6 months.
  • Online access.
  • 4 cards to choose from.

Cons:

  • Better rewards cards are available.
  • High default rate
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.Additionally, the opinions of the commenters are not necessarily the opinions of this site

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