Verve Credit Card

Picture of Item Reviewed
12 Reviews
Consumer Rating:


Apply Here 2.9
Lowest:
490
Average Score:
576
Highest:
665
All
5 Star
0%
4 Star
16%
3 Star
66%
2 Star
8%
1 Star
8%
Lauran 
Credit Score: 534 Credit Limit: 500 Age: 25-34
Posted 06/03 2017
Overall Rating:
Customer service is bad. They do not even operate on weekends. The website sucks too. I closed my account after 1 year. On hindsight, there are much better cards out there.
 
Credit Score: 623 Credit Limit: 500 Age: 35-44
Posted 06/03 2017
Overall Rating:
When you get approved for the card, you get a bill with the $125 annual fee straight away. After one year, they increase my limit by $100. But my second year annual fee was $96 and they started charging me $10 a month! So it was like no increase at all?
TP 
Credit Score: 615 Credit Limit: 500 Age: 35-44
Posted 06/03 2017
Overall Rating:
After using this card for about 8 months, my score had increased about 60 points. I managed to get a Capital One card with $400 limit. I also cancelled this card just before the one year anniversary to avoid paying those fees during the second year. The trick is I only charged $20 a month on the card and paid everything in full every month.
It works 
Credit Score: 490 Credit Limit: 500 Age: 25-34
Posted 06/03 2017
Overall Rating:
I got approved with a score below 500 and had to deposit $150 for a $500 limit. When I called to activate the card, the representative asked me to pay immediately and took details of my bank account and routing number. I was told I did not have to pay immediately but if I did so, I due date would be pushed back 30 days and it was.
Costa 
Credit Score: 590 Credit Limit: 500 Age: 35-44
Posted 06/02 2017
Overall Rating:
I got my card a year ago. They approved me for $500. The annual fee for the first year was ridiculous ($125) but I had no choice because no other cards approved me. As the second year approached, they will start charging you a monthly fee. When you add the annual fee on top of that, it works out to over $200 in fees alone. All for a crappy $500 limit. I called them to cancel and they did not even try to keep me as a customer (like reduce fees or anything like that)!
Canceled before 1 year 
Credit Score: 580 Credit Limit: 500 Age: 25-34
Income On Application: $50000
Posted 06/02 2017
Overall Rating:
I had to rebuild my credit so I got this card and was approved. Just before one year was up, I called for a credit line increase. Customer rep told me that they would only increase the limit after one year. I guess they wanted to get my annual fee. I told them that would not work and she asked if I wanted to close the card! I said YES and closed it. It is amazing how they do not try to keep their customers by lowering their fees. I guess if anyone does not default on them, then they are pretty happy!
LL 
Credit Score: 545 Credit Limit: 500 Age: 25-34
Posted 06/02 2017
Overall Rating:
This is one of the cards that I got as I was repairing my credit. I also have Credit One and Fingerhut. Fingerhut was good in the sense that they did not charge any annual fee though you can only buy stuff from their stores. Credit One bank had lower fees than Verve and gave me an increase after six months.

For Verve, I was asked to put a $50 deposit for a $500 line. This card had the highest fees among all the cards I had. But together, they brought my score up by over 100 points over a year and a half.
321GO 
Credit Score: 564 Credit Limit: 500 Age: 25-34
Posted 06/02 2017
Overall Rating:
I was rejected by almost every card that I applied for. I did not want to apply for a secured cards because I did not want to put down a large deposit. Verve approved me and despite the high fees, I used the card for a year and a half. There are other cards with lower fees. But this is the price of rebuilding your credit. Just charge a little a month and pay it off in full. Sooner or later, you will get offers when your score improves.
 
Credit Score: 614 Credit Limit: 500 Age: 35-44
Posted 06/02 2017
Overall Rating:
I got this card because it was unsecured. The grace period of 30 days is also good. They do report to the three bureaus and it serves it's purpose of rebuilding your credit.
Bob R 
Credit Score: 587 Credit Limit: 500 Age: 35-44
Posted 06/02 2017
Overall Rating:
Once you receive your card, you will get the bill for the annual fee. You should pay it off straight away. One thing you have to be aware of is that they will charge you little fees for everything. For example, if you receive paper statements, there is a fee of $4 I think. Best to log into your account and choose to receive bills via email.
Yolanda 
Credit Score: 665 Credit Limit: 500 Age: 25-34
Posted 06/02 2017
Overall Rating:
I am giving this card a four star because of the credit limit I get. Yes, the fees are are high and you are billed $125 immediately when you get approved. But I had to do the same for First Premier (which had an application fee) and Credit One as well. But both first premier and credit one only started me off with $300. Verve gave $500 which allowed me to use the card more.
Gillean 
Credit Score: 503 Credit Limit: 500 Age: 35-44
Approved 6 months after Bankruptcy
Posted 06/02 2017
Overall Rating:
I had a divorce and ended in bankruptcy. I applied 6 months after I was discharged and was approved for $500. I did have to put a $150 deposit though. The fees are high but I used the card simply to rebuild my credit. That means putting $30 a month on the card and paying it off in full. Once I started getting offers for lower fee cards, I applied and got approved for cards with much lower fees. I have since closed this account for it has served it's purpose.