F&M Bank Visa

F&M Bank Visa Review

This is a cashback card issued by F&M Bank. If you're wondering whether F&M Bank Visa is the right card for you, read on.

Key Takeaways

• Competitive APRs. F&M Bank Visa has a variable purchase APR that ranges from 7.99% up to 15.99%.
• Cash rewards. This credit card offers cash rewards on your purchases, but you will have to pay an annual fee of up to $12 for the privilege.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, emergency support, identity theft protection, travel accident insurance, travel assistance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 670.

Pros & Cons of F&M Bank Visa

The Good	The Bad
Potentially lower than average purchase APRs. Multiple credit card perks. Offers auto rental collision damage waiver. Access to a concierge. Identity Theft Protection. Travel accident and travel assistance insurance. Cardholders can earn rewards on purchases everywhere F&M Bank Visa is accepted. F&M Bank Visa reports to multiple credit bureaus.	You need good credit to qualify. Does not offer a signup bonus. Charges a foreign transaction fee of 3%.

F&M Bank Visa FAQ

Does F&M Bank Visa have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.

F&M Bank Visa Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	550
Signup Bonus ($)	N/A

What are the F&M Bank Visa benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for F&M Bank Visa?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

F&M Bank Visa has a variable purchase APR that ranges from 7.99% up to 15.99%. It also has a variable cash advance APR that ranges from 7.99% up to 15.99%. Note that late payments are subject to an APR of 22.99% 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 F&M Bank Visa?

The following fees apply:

F&M Bank Visa Fees

Fees	Amount
Annual Fee	Starting at $0 up to $12
Initial Program Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	$25
Late Payment Fee	$10

Does F&M Bank Visa report your account activity to credit bureaus?

Yes, F&M Bank Visa 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 F&M Bank Visa

• Visit the F&M Bank Visa 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.