Credit Card Reviews ~ Bad Credit Credit Cards


Imagine Gold MasterCard Review

Imagine CardThe Imagine Gold MasterCard from First Bank of Delaware is a sub-prime credit card designed for those with bad credit. Unlike most credit card, this one requires that you set up an automatic payment plan from your checking account.

The main benefit of this unsecured credit card is that it reports to three major credit bureaus. This is an uncommon chance for those with poor credit and will qualify only foe secured or prepaid cards, which often don’t report to the credit bureaus or charge fee in order to report to credit bureaus.

There are some fees in order for you to open and maintain this account. The annual fee is $150, and there is a $6.50 monthly maintenance fee as long as you carry a principal balance. You also need to pay a one time set-up pay of $4.95. This means, the cardholder can expect a total of $232.95 fee in the first year this is if the cardholder chooses to carry a balance on a monthly basis.

This card does have an above average interest rate for purchases, and the rate for cash advances is high, but those cardholders who can pay their monthly balances in full will be able to avoid these high rates as well as the monthly maintenance fee while still taking advantage of this card. There is also a 25 days grace given.

The Imagine Card is appealing for those with bad credit or even no credit. One of good feature of this card is that it has a very low setup up fees compared to other sub-prime credit cards. Therefore, those who can pay their balances in full, do not mind paying the various fees, and would prefer an unsecured credit card may find the Imagine Gold MasterCard® to be beneficial.


Cardholder benefit/s:

• Reports to three credit bureaus

*See website for additional benefits.

Note: We suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application since the information may have changed since the review is written.


Reviewed on December 1, 2006

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 Continental Finance Gold MasterCard®


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About the Author

Liz Roberts is a freelance writer and loan consultant. The website BadCreditResources.com offers resources that specialize in providing loans and credit cards to people with bad credit.