Total Visa® Credit Card Review 2023: Pros & Cons

• $75 annual fee the first year, then it drops to $48 annually
• A monthly service fee of $8.25 after the first year
• 35.99% APR
• A $95 setup fee that must be paid before you can use the card
• Initial $300 credit limit

Perhaps the largest benefit of the Total Visa® credit card is its relaxed credit card requirements. It’s advertised as a credit card for people with bad credit. This allows you to get a credit card without a security deposit, even if you have bad credit.

Most credit cards for bad credit necessitate money down as a security deposit. The deposit becomes your credit line, and if you miss a payment, the credit card company takes it from your deposit.

The Total Visa® credit card doesn’t have this requirement, so you get the benefits of an unsecured credit card even if you have less-than-perfect credit.

The Total Visa® credit card mobile app is user-friendly and offers many benefits, including ensure online payments. You can also set up customized alerts to help you avoid going over your credit limit or missing a payment.

As you can visualize, there are many drawbacks of the Total Visa® credit card to consider.

The largest complaint about the Total Visa® credit card is the number of fees it has. First, you must pay a Program Fee of $95. You cannot use your card until this fee is paid in full.

They offer an option to spread it out over three months, but you cannot use the card until you make the final payment.

There are also other fees, including:

• A $75 annual fee for the first year
• A $48 annual fee after the first year
• Monthly service fee after first year $8.25
• Up to a $41 penalty fee for late or returned payments
• $29 for a card for an authorized user
• Up to $10 for a premium card design
• Up to 25% of any credit limit boost you acquire after the first year
• $35 for convey delivery of your card

The AR on the Total Visa® credit card is excessive compared to other cards, especially secured credit cards. Currently, the APR is 35.99%.

Every approved applicant receives a maximum credit limit of $300. From that $300, the $95 annual fee is taken, leaving you with $205 available in your credit line. Since you shouldn’t use over 30% of your credit line, you have only $61.50 to use.

Many credit card companies necessitate a checking account to qualify, especially credit cards for people with bad credit. Still, it’s another downside of the Total Visa® credit card. Without a checking account, you aren’t eligible for the card.

Honestly, there aren’t many people who should consider this credit card. Unless you have bad credit and do not want a secured credit card because you don’t have the money to put down, there are many better options.

If you need this credit card to build credit without making a deposit, make it a short-term solution that you cancel after the first year because you’ve improved your credit and can get much more affordable credit cards.

As we mentioned above, many alternatives to the Total Visa® credit card exist. Here are some of your options.

The Total Visa® credit card has limited benefits, and very few people should consider it. Here are more questions you may have about it.

Overall, the Total Visa® credit card isn’t a good card. It has a lot of fees and a low credit limit that makes it hard to build credit, which is supposed to be the point of the card. There are better options available.

No, many other credit cards work better for first-time cardholders, including secured and unsecured options with little to no annual fees and more benefits, such as cashback rewards.

The minimum payment on your Total Visa® credit card depends on your balance. The minimum interest charge is $1, so if your interest charges are less than $1, you’ll be charged $1.

The initial credit limit for any new applicant is $300, and that’s before the $95 program fee. Because you must pay it upfront, it reduces your credit line to $205 unless you pay the fee in full immediately.

The Total Visa® credit card is accepted anywhere Visa is accepted.

No, this credit card is barebones and expensive. There aren’t any rewards or bonuses for choosing it, but its many alternatives offer rewards and bonuses.

The Total Visa® credit card prefers a credit rating between 550 – 620. They state that the card is for credit-building purposes and is meant for people with no or bad credit.

No, the Total Visa® credit card has no benefits for new cardholders. It’s a card with high fees and APRs without providing any benefits to users.

There are many better options than the Total Visa® credit card. Even if you have less-than-perfect credit or no money to put down on a secured credit card, there are many other options.

Yes, you may pay an annual fee or have to make a security deposit, but you’ll typically get many more rewards looking elsewhere.