Whole Visa® Credit score Card Evaluation 2023: Execs & Cons


The Whole Visa® bank card guarantees that can assist you construct credit score and can approve even candidates with poor credit score. However is it price it?

Whole Visa® Credit score Card Highlights

  • $75 annual price the primary yr, then it drops to $48 yearly
  • A month-to-month service price of $8.25 after the primary yr
  • 35.99% APR
  • A $95 setup price that have to be paid earlier than you should use the cardboard
  • Preliminary $300 credit score restrict

Apply for the Whole Visa® Card


Whole Visa® Credit score Card: Most important Advantages & Perks

Whereas most individuals aren’t large followers of the Whole Visa® bank card, there are some advantages and perks to think about.

Good Credit score Is Not Required

Maybe the most important good thing about the Whole Visa® bank card is its relaxed bank card necessities. It’s marketed as a bank card for folks with spotty credit. This lets you get a bank card with no safety deposit, even you probably have spotty credit.

Studies to Credit score Bureaus

The Whole Visa® bank card stories your fee historical past to the most important credit score bureaus, permitting you to construct credit score.

In the event you use the cardboard responsibly, it’s possible you’ll enhance your credit score rating. This implies paying your invoice on or earlier than its due date and conserving your stability at lower than 30% of your credit score line.

Then again, for those who miss funds or overextend your credit score, it might harm your credit score rating, so utilizing it properly is vital.

No Safety Deposit

Most bank cards for spotty credit require cash down as a safety deposit. The deposit turns into your credit score line, and for those who miss a fee, the bank card firm takes it out of your deposit.

The Whole Visa® bank card doesn’t have this requirement, so that you get the advantages of an unsecured bank card even you probably have less-than-perfect credit score.

Straightforward To Use Cell App

The Whole Visa® bank card cell app is user-friendly and presents many advantages, together with safe on-line funds. You can too arrange personalized alerts that can assist you keep away from going over your credit score restrict or lacking a fee.


Whole Visa® Credit score Card: Most important Drawbacks

As you may think about, there are numerous drawbacks of the Whole Visa® bank card to think about.

Extreme Charges

The most important grievance concerning the Whole Visa® bank card is the variety of charges it has. First, you need to pay a Program Payment of $95. You can’t use your card till this price is paid in full.

They provide an choice to unfold it out over three months, however you can’t use the cardboard till you make the ultimate fee.

There are additionally different charges, together with:

  • A $75 annual price for the primary yr
  • A $48 annual price after the primary yr
  • Month-to-month service price after first yr $8.25
  • As much as a $41 penalty price for late or returned funds
  • $29 for a card for a certified person
  • As much as $10 for a premium card design
  • As much as 25% of any credit score restrict improve you obtain after the primary yr
  • $35 for specific supply of your card

Excessive APR

The AR on the Whole Visa® bank card is extreme in comparison with different playing cards, particularly secured bank cards. At the moment, the APR is 35.99%.

Low Preliminary Credit score Restrict

Each authorised applicant receives a most credit score restrict of $300. From that $300, the $95 annual price is taken, leaving you with $205 accessible in your credit score line. Because you shouldn’t use over 30% of your credit score line, you will have solely $61.50 to make use of.

A Checking Account Is Essential

Many bank card firms require a checking account to qualify, particularly bank cards for folks with spotty credit. Nonetheless, it’s one other draw back of the Whole Visa® bank card. With no checking account, you aren’t eligible for the cardboard.


Who Is Whole Visa® Credit score Card Finest For?

Actually, there aren’t many individuals who ought to contemplate this bank card. Except you will have spotty credit and don’t need a secured bank card since you don’t have the cash to place down, there are numerous higher choices.

In the event you want this bank card to construct credit score with out making a deposit, make it a short-term answer that you just cancel after the primary yr since you’ve improved your credit score and might get rather more reasonably priced bank cards.


Finest Options To Whole Visa® Credit score Card

As we talked about above, many alternate options to the Whole Visa® bank card exist. Listed below are a few of your choices.

Uncover it® Secured Credit score Card

The Uncover it® bank card has a credit score line equal to your refundable safety deposit. Uncover determines for those who qualify for a secured card or increased credit score restrict inside seven months based mostly in your historical past.

The cardboard additionally pays 2% money again on fuel station and restaurant purchases. That is on as much as $1,000 per quarter and 1% money again on every part else.

Revvi Visa® Credit score Card

The Revvi Visa® bank card is one other bank card for spotty credit however with out the excessive charges the Whole Visa® bank card costs. You want a checking account to qualify, however you don’t want excellent credit score. The cardboard additionally pays 1% money again on purchases utilizing this card.

Financial institution of America® Journey Rewards Credit score Card for College students

The Financial institution of America® Journey Rewards bank card for college students has no annual or international transaction charges, and college students can earn 1.5 factors for each $1 spent on purchases.

It has a low 0% intro provide on purchases and stability transfers for 15 months and offers month-to-month entry to your FICO® rating.

Petal 1 “No Annual Payment” Visa® Credit score Card

The Petal 1 ‘No Annual Payment’ Visa® bank card helps you construct higher credit score with no charges. It presents credit score limits of $300 to $5,000 and money again at particular retailers of as much as 10%. You’ll be able to monitor your credit score rating within the Petal app and handle your card on the go.

OpenSky® Secured Visa® Credit score Card

The OpenSky® Secured Visa® bank card has no annual price and an 88% approval charge. With good fee habits, you may get a credit score line improve, and for those who deal with your secured card properly, it’s possible you’ll graduate to an unsecured card inside six months!

Credit score One Financial institution Platinum Visa® Credit score Card for Rebuilding Credit score

The Credit score One Financial institution Platinum Visa® bank card helps you rebuild credit score for a small annual price of $75 the primary yr, then $99.

Whereas there are cheaper choices, this is usually a strong backup for those who don’t qualify for any of the above alternate options. It contains free credit score rating entry, a user-friendly cell app, and customised notifications.


Incessantly Requested Questions

The Whole Visa® bank card has restricted advantages, and only a few folks ought to contemplate it. Listed below are extra questions you could have about it.

Is the Whole Visa® Credit score Card a Good Card?

Total, the Whole Visa® bank card isn’t a great card. It has a variety of charges and a low credit score restrict that makes it laborious to construct credit score, which is meant to be the purpose of the cardboard. There are higher choices accessible.

Is the Whole Visa® Credit score Card a Good First-Time Credit score Card?

No, many different bank cards work higher for first-time cardholders, together with secured and unsecured choices with little to no annual charges and extra advantages, comparable to cashback rewards.

What Is the Minimal Cost on the Whole Visa® Credit score Card?

The minimal fee in your Whole Visa® bank card depends upon your stability. The minimal curiosity cost is $1, so in case your curiosity costs are lower than $1, you’ll be charged $1.

What Is the Preliminary Credit score Restrict for Whole Visa® Credit score Card?

The preliminary credit score restrict for any new applicant is $300, and that’s earlier than the $95 program price. Since you should pay it upfront, it reduces your credit score line to $205 except you pay the price in full instantly.

Does the Whole Visa® Card Give Credit score Will increase?

Chances are you’ll apply for a credit score line improve after having the cardboard for 12 months. There isn’t a assure you’ll get it. You will need to name customer support to find out the following steps, and for those who get it, they cost as much as 25% of the rise.

Can You Use the Whole Visa® Credit score Card Wherever?

The Whole Visa® bank card is accepted anyplace Visa is accepted.

Does Whole Visa® Credit score Card Have a Signup Bonus?

No, this bank card is barebones and costly. There aren’t any rewards or bonuses for selecting it, however its many alternate options provide rewards and bonuses.

What Is the Whole Visa® Credit score Card Credit score Rating Requirement?

The Whole Visa® bank card prefers a credit standing between 550 – 620. They state that the cardboard is for credit-building functions and is supposed for folks with no or spotty credit.

Does the Whole Visa® Credit score Card Have an Intro APR Supply on Stability Transfers?

No, the Whole Visa® bank card has no advantages for brand new cardholders. It’s a card with excessive charges and APRs with out offering any advantages to customers.


Is the Whole Visa® Credit score Card Finest for You?

There are numerous higher choices than the Whole Visa® bank card. Even you probably have less-than-perfect credit score or no cash to place down on a secured bank card, there are numerous different choices.

Sure, it’s possible you’ll pay an annual price or must make a safety deposit, however you’ll sometimes get many extra rewards wanting elsewhere.