MoneyGeek’s Take

First Access VISA Solid Black Credit Card Review

The First Access Visa Solid Black Credit Card issued by the Bank of Missouri is a great card if you’re looking for a Visa credit card, but your credit isn’t good enough to qualify. This card is designed to help people with poor credit rebuild their credit.

Last Updated: 5/30/2022
Advertising & Editorial Disclosure
Reviewed By     |  
credit card

While the First Access Visa Solid Black Credit Card is best suited for individuals with poor credit, it comes with high fees and a similarly high APR that you may not see with other credit cards. However, the provider reports to the three major credit bureaus, which can be helpful for individuals looking to rebuild their credit rating.

There are no restrictions on spending, either: you can use your card to make purchases wherever it is accepted, provided your account is in good standing, and you have available credit.

MoneyGeek’s First Access Visa Solid Black Credit Card review will help you understand the features of this card and decide if it’s the best fit for your needs.

Card Details to Know Up Front
  • Bonus, Fee or Feature
    Has or Not
  • Has Annual Fee
  • Has Balance Transfer Offer
  • Has APR Offer
  • Has Rewarding Welcome Offer
  • Credit Needed
    None-Fair
Click to see this card’s rates, fees and how they compare to other cards in our dataset.

First Access VISA Solid Black Credit Card at a Glance

The First Access Card is a Visa credit card specifically designed for people with poor credit. You can apply online and get a response in as little as 60 seconds. The Bank of Missouri issues the card under a license from Visa U.S.A. Inc. It can boost or build your credit history even if your credit is poor or nonexistent. However, this increase comes at a cost in the form of fees and a high APR.


  • First Access VISA Solid Black Credit Card

    A secured credit card for people with poor creditworthiness


    • None-FairCredit Needed
    • $48*Annual Fee
    • 3# of Reporting Bureaus
    • 34.99%APR

Pros & Cons Explained

While the First Access Visa Solid Credit Card is beneficial to individuals looking to rebuild their credit history, it has some drawbacks. MoneyGeek’s review of the First Access Visa Solid Black Credit Card analyzed both the pros and cons of this card to help you decide if it’s best for you.

Pros

  • Benefits
    Description
  • First year's service fee waived
    No monthly service fees are charged to your First Access Card account for the first year. However, there is a monthly service fee of $6.25 monthly or $75.00 annually after the first year.
  • Best for bad credit
    This card is best suited for individuals with poor credit or those looking to start building their credit.
  • Fast online application
    You can apply for this card online and get a response in as little as 60 seconds.
  • Reports monthly to all three major credit reporting bureaus
    First Access sends credit reports to the three main credit bureaus every month. This is beneficial for those with bad credit because it helps them build their credit history over time.

Cons

  • Drawbacks
    Description
  • High APR
    First Access charges interest fees on purchases and cash advances at a daily periodic rate of 0.09585%, which equals an annual percentage rate (APR) of 34.99%. When compared to most other cards, this is extremely high.
  • High Fees
    The provider charges a number of fees, too, including a one-time $95 program fee to open your account. There’s also an annual fee of $75.00 for the first year, which changes to $48.00 after that, and a monthly servicing fee of $8.25 ($99 per year) after the first year. The penalty fees for late payments and returned payments are up to $41, respectively. Cash advances do not have any fees for the first year, but after that, you’ll be charged either $10 or 3% of the amount of each cash advance, whichever is greater.
tip icon
INTERESTED IN COMPARING THE BEST CREDIT CARDS OF 2022?

MoneyGeek examines the data of every card in our database and chooses the most popular card categories for our monthly picks each month. We did not feature the First Access VISA Solid Black Credit Card in our roundup of the best credit cards for those with bad credit; however, you can look over the list to see other options.

Other Features Explained

The First Access VISA Solid Black Credit Card offers other features aside from being ideal for individuals with poor credit.

  • Card Feature
    Description
  • Credit Limit Increases
    After 12 payment cycles, First Access may notify you or you may seek a credit limit increase. Note that there is a fee of 20% of the amount of the increase (so if your increase is $100, you’ll be charged $20).
  • Liability for unauthorized use of your card
    You will not be held liable for an unauthorized card or account use if your card is lost or stolen. To protect your rights, you must contact First Access verbally or in writing as soon as you discover that your card has been lost, stolen, or used without your permission.
  • Customer center availability
    You can contact the First Access team 24/7 if you have any complaints or need help with your credit card.
tip icon
MONEYGEEK QUICK TIP

Avoid paying interest on new purchases: If you paid the new balance on your prior monthly billing statement by the due date, First Access will not impose any interest charges on new purchases, paid by the due date on your current monthly billing statement (which will be at least 21 days from the billing cycle closing date).

Understanding the Fine Print

  • Card Feature
    Amount or Rate
  • APR
    34.99%
  • Annual Fee
    $48*
  • Balance Transfer Fee
    Unspecified
  • Balance Transfer APR
    Unspecified
  • Late Fees
    $40.00
  • This is an icon

    Regular APR

    The First Access Solid Black Credit Card has a high annual percentage rate of 34.99%. First Access charges interest on purchases and cash advances at a daily periodic rate of 0.09585%. The daily periodic rate is calculated by dividing the APR by 365. The purchase APR will be added to the costs charged to your account.

  • This is an icon

    Annual Fee

    Your account will be charged an annual fee of $75.00 once it is opened and $48.00 every 12 months after that, whether or not you use it. Except as indicated in the provider's refund disclosure, the annual charge is non-refundable. The annual fee will not be charged to your account once it’s closed but prorated according to the date the account is reopened and the card is reissued.

  • This is an icon

    Express delivery fee

    First Access imposes a $35.00 fee for the express delivery of your card.

  • Late payment fee

    You will be assessed a late payment fee if the provider does not receive payment in the amount of your total minimum payment due by the due date shown on your monthly billing statement. If you did not incur a late payment charge in any of the previous six billing periods, the cost will be $30.00; otherwise, the fee will be $41.00 or your past due total minimum payment due amount.

tip icon
WHERE TO FIND THIS INFORMATION?

Pay particular attention to the APR and any other fees connected with this card when comparing it to others for individuals with bad credit. Check your most recent billing statement or the website of your card issuer to see how it compares.

Who Should & Shouldn’t Consider First Access VISA Solid Black Credit Card?

Loading...
Loading...

Other Considerations for First Access VISA Solid Black Credit Card

When deciding whether or not to apply for the First Access Visa Solid Black Credit Card, there are certain considerations you need to keep in mind.

Things to Consider if This Will Be Your First or Only Credit Card

The high APR is certainly a consideration. If you carry debt from month to month, you'll wind up paying a lot of interest because of this card's high APR. However, as a first or only credit card, its credit-building capabilities can be a good fit for you if you intend to pay it in full at each billing cycle.

Things to Consider if This Will Be an Additional Card in Your Wallet

If you have a bad credit score and need an additional credit card, the First Access VISA Solid Black Credit Card is a great option. Your credit score will rise as a result of your good credit card habits, which are reported to the three main credit agencies every month.

The card's high APR on purchases, particularly if you don't plan to pay off your balances every month, must still be taken into consideration.

tip icon
WHY TRUST OUR REVIEWS:

When it comes to reviewing credit cards, MoneyGeek adheres to a well-defined and standardized methodology. We use the Consumer Finance Protection Bureau's database to gather information, standardize data points for comparison, estimate typical spending profiles, determine long-term worth and conduct regular re-ranking.

How First Access VISA Solid Black Credit Card Compares to Other Cards

When compared to other credit cards in the same category, this card stands out. Finally, your pick should be based on your credit card needs.

Quick Comparison of First Access VISA Solid Black Credit Card

creditCard

First Access VISA Solid Black Credit Card

  • An initial credit limit of $300
  • Very high APR of 34.99%
  • Potential credit limit increase after 12 months
  • $0 fraud liability
  • Reports to the three major credit bureaus
  • Best for: Individuals looking for fast credit approval.
creditCard1

Fit Mastercard Credit Card

  • An initial credit limit of $400
  • Fairly high APR of 29.99%
  • Potential credit limit increase after 6 months
  • $0 fraud liability
  • Reports to the three major credit bureaus
  • Best for: Individuals looking for higher initial credit limits.

Other Helpful Decision-Making Q&As

MoneyGeek answers some of the most commonly asked questions about First Access Visa Solid Black Credit Card to help you determine if it's the best option for you.

Still not sure about this card? Consider these options.

If you're not sure how well the First Access VISA Solid Black Credit Card will work for you, explore what some of the other top cards for poor credit providers have to offer. If you're not searching to rebuild your credit, you might be able to use a credit card for fair credit or opt for a rewards card.

Learn more about credit cards in general

sources
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.