Armed Forces Bank Visa® Credit Card Review

Armed Forces Bank Visa® Credit Card is a credit card issued by Armed Forces Bank. If you're wondering whether Armed Forces Bank Visa® Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

• Competitive APRs. Armed Forces Bank Visa® Credit Card has a variable purchase APR that ranges from 9.99% up to 15.6%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.

The Good	The Bad
Lower than average purchase APRs. No annual fee. Armed Forces Bank Visa® Credit Card reports to multiple credit bureaus.	Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 1%. You don't earn rewards on every purchase. Does not include many credit card benefits.

Is there a Armed Forces Bank Visa® Credit Card cash back or rewards program?

No, Armed Forces Bank Visa® Credit Card does not offer a rewards program.

What are the relevant APRs for Armed Forces Bank Visa® Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Armed Forces Bank Visa® Credit Card has lower than average purchase APRs.

Armed Forces Bank Visa® Credit Card has a variable purchase APR that ranges from 9.99% up to 15.6%. The card has a variable balance transfer APR that ranges from 9.99% up to 15.6%. It also has a variable cash advance APR that ranges from 9.99% up to 15.6%. Note that late payments are subject to an APR of 24.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Armed Forces Bank Visa® Credit Card?

The following fees apply to Armed Forces Bank Visa® Credit Card:

• There is no overlimit fee

Armed Forces Bank Visa® Credit Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	1%
Returned Payment Fee	up to $25
Late Payment Fee	up to $25

Does Armed Forces Bank Visa® Credit Card report your account activity to credit bureaus?

Yes, Armed Forces Bank Visa® Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Armed Forces Bank Visa® Credit Card

• Visit the Armed Forces Bank Visa® Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.