The Tribute® Gold MasterCard® Credit Card was last reviewed on
31st July 2008
Summary - The Tribute MasterCard® Gold is an unsecured credit card designed for those with not so good credit. This card allows you to get an initial credit limit of $300. Find out more about this card.
Fees - Like most unsecured credit cards for people with bad credit, the Tribute® Gold MasterCard® credit card comes with a fees that you should be aware of. Firstly, the annual fee is $150.00. There is a monthly fee
of $6.50, which works out to $78.00 annually.
APR - The APR is prime rate plus 13.50%. However, the minimum rate is 19.50%. The average daily balance method (including new purchases) is used to calculate monthly balances. The grace period is 25 days.
Credit Limits - If you are approved for the $300 Card, your credit line will be $300 and your Annual Fee of $150 will appear on your first statement. Once your initial minimum payment of $30 has been received, cleared and posted on your credit card account, your initial available credit will be $180. You will be billed an Account Maintenance Fee of $6.50 per month (total of $78 per year), beginning after you make your first purchase or cash advance.
Verdict - The Tribute MasterCard® Gold Credit Card will appeal to those with poor credit and are looking for an unsecured credit card. One of the interesting feature is that there is no minimum finance charge and you get 25 days of grace period.
"Important: Always read the full terms & fees disclosure provided by the credit card issuer before you apply. The creditor's terms may include more detailed or updated information than this chart."
Positives
No minimum finance chargesGrace period of 25 daysNo one-time application fee
Negatives
High annual fee
| Annual Fees |
$150.00 |
| Monthly Participating Fees |
$6.50 per month |
| One-time Setup Fees |
None |
| Purchase APR |
P+13.50%, min 19.50% |
| Cash Advance APR |
P+19.50%, min 25.50% |
| Penalty/Default Rate APR |
P+19.50%, min 25.50% |
| Min Finance Charge |
None |
| Grace Period |
25 days |
| Balance Calculation Method |
Average Daily Balance (including new purchases) |
| Cash Advance fee |
5%, min $5.00 |
| Over-the-credit-limit fee |
$35.00 |
| Late Payment fee |
$35.00 |
Apply for the Tribute MasterCard® Gold
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