Verve Credit Union RateFirst MasterCard

Verve Credit Union RateFirst MasterCard Review

This is a secured credit card card issued by Verve, A Credit Union. If you're wondering whether verve credit cards is the right card for you, read on.

Key Takeaways

• Competitive APRs. Verve Credit Union RateFirst MasterCard has a variable purchase APR that ranges from 12.90% up to 21.90%.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Multiple credit card benefits. Includes generous credit card perks, such as extended warranty protection on purchases, identity theft protection, purchase security, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of verve credit cards

The Good	The Bad
Potentially lower than average purchase APRs. Multiple credit card perks. Extended warranty on purchases. Identity Theft Protection. Considers applicants with fair credit. Verve Credit Union RateFirst MasterCard reports to multiple credit bureaus.	N/A Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase.

verve credit cards FAQ

Does verve credit cards have a cash back or rewards program?

No, it does not offer a rewards program.

What are the verve credit cards benefits?

It provides the following benefits:

• Extended Warranty Protection
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for verve credit cards?

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.

Verve Credit Union RateFirst MasterCard has a variable purchase APR that ranges from 12.90% up to 21.90%. The card has a variable balance transfer APR that ranges from 12.90% up to 21.90%. It also has a variable cash advance APR that ranges from 12.90% up to 21.90%.

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

What are the fees for verve credit cards?

The following fees apply:

Verve Credit Union RateFirst MasterCard Fees

Description
Cash Advance Fee Minimum	$5

Does Verve Credit Union RateFirst MasterCard report your account activity to credit bureaus?

Yes, Verve Credit Union RateFirst MasterCard 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 verve credit cards

• Visit the verve credit cards 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.