First Bank and Trust of New Orleans Visa Classic Review

First Bank and Trust of New Orleans Visa Classic is a credit card issued by First Bank and Trust of New Orleans. If you're wondering whether First Bank and Trust of New Orleans Visa Classic is the right card for you, read on. This is everything you need to know to make a good choice.

• Competitive APRs. First Bank and Trust of New Orleans Visa Classic has a variable purchase APR of 14.9%
• 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.
• 3% Balance transfer fee. First Bank and Trust of New Orleans Visa Classic charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees.
• 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.
• Accepts cosigners. First Bank and Trust of New Orleans is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.

The Good	The Bad
Lower than average purchase APRs. No annual fee. Considers applicants with fair or poor credit. First Bank and Trust of New Orleans Visa Classic 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. Charges a 3% balance transfer fee.

Is there a First Bank and Trust of New Orleans Visa Classic cash back or rewards program?

No, First Bank and Trust of New Orleans Visa Classic does not offer a rewards program.

What are the First Bank and Trust of New Orleans Visa Classic benefits?

First Bank and Trust of New Orleans Visa Classic provides the following benefits:

• Reports to major credit bureaus

What are the relevant APRs for First Bank and Trust of New Orleans Visa Classic?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. First Bank and Trust of New Orleans Visa Classic has lower than average purchase APRs.

First Bank and Trust of New Orleans Visa Classic has a variable purchase APR of 14.9%. The card has a variable balance transfer APR of 14.90% . It also has a variable cash advance APR of 14.9% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for First Bank and Trust of New Orleans Visa Classic?

The following fees apply to First Bank and Trust of New Orleans Visa Classic:

• There is no overlimit fee

First Bank and Trust of New Orleans Visa Classic Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	1%
Returned Payment Fee	$32
Late Payment Fee	$35

Does First Bank and Trust of New Orleans Visa Classic report your account activity to credit bureaus?

Yes, First Bank and Trust of New Orleans Visa Classic 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 First Bank and Trust of New Orleans Visa Classic

• Visit the First Bank and Trust of New Orleans Visa Classic 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.