Centennial Credit Card Statistics:
Centenial Minimum Security Deposit: $150.
Optimum Security Deposit: Unknown.
Rate of interest: 36%.
Introductory Rates Of Interest: None.
Moratorium: 27 days.
Foreign Transaction Costs: 3% of each deal quantity in U.S. bucks.
Yearly Fees: $75 for the initial year, $45 annually after initial year. There is also a monthly servicing fee (waived first year) and also $6.50 per month afterwards.
Application Charges: None.
Incentives Program: None.
Signing Promo: None.
Passion Gained on Down Payment: No.
What we can we say about this card that’s positive? Virtually nothing. It has the highest annual cost, it’s the only card with a regular monthly servicing charge, it has no incentives program AND ALSO it has the highest possible rates of interest of all safeguarded credit cards on the marketplace. The only positive is that’s it’s a partially secured credit card (meaning the protected you transfer you put down is less than the credit line. A security deposit of $150 gets a credit line of $300). Although the charges this card has practically entirely wipes out the difference.
Nobody, repeat NOBODY ought to ever before get this card.
Yearly Fees of Centennial Credit Card
$ 75 annually, and after that $45 per year after that. But the second year has a monthly account servicing charge of $6.5 per month so the annual costs in fact resemble this:.
Year one: $75.
Year two onwards: $123.
The yearly cost for many years one is the greatest they are lawfully permitted to have under the CARD act. This card has the greatest yearly cost of any type of safe credit card on the market currently.
APRs of Centennial Credit Card
This card has a huge 36% APR, which is additionally the greatest out of all the safeguarded cards.
Benefits Program of Centennial Credit Card
This card does not have a rewards program. Right here is a complete list of secured cards with a benefits program.
Credit history Reporting of Centennial Credit Card
This card reports to all 3 credit scores bureaus, it reports itself as a secured card.
It’s not possible to add funds to this credit card to enhance the credit line.
UPDATING TO AN UNSECURED CARD.
We haven’t heard of any card holders that were upgraded from this card to an unsecured card.
First Premier (the financial institution that provides this card) will approve almost any kind of candidate for this card. We haven’t become aware of any person being rejected (including those with an insolvency on their credit record).
Last Verdict of Centennial Credit Card
There is absolutely no one who ought to be applying for this card, there are so many better options out there. This is far and away the worst safe credit card currently on the marketplace. If you’re considering getting this card, stop as well as read our guide to the best secured charge card.
Still intend to use? Please reconsider, this card is awful. If you definitely have to use the link listed below.