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Legacy Credit Card Offers

A legacy credit card is issued by the First National Bank. This card is for those who have had a bad credit history and wanted to rebuild their credit score. Each credit card comes with pros and cons, and you should make sure you are aware of them before buying a credit card. The following are the advantages and disadvantages of the legacy credit card value:

Benefits

Here is a quick list of benefits of the legacy credit card:

Purchase Protection
No Initial Deposits Required
Online Account Management- Access to statement, processing of payment, PIN requests, profile management
Adjustable Terms- With responsible usage of card
Travel insurance

The card offers travel insurance as well as purchase protection, not a lot of companies let you avail this. This credit card also does not require any initial deposit, which is great news for those who have bad credit history.

Online management has become an option as well; you can sit back, relax, and still manage all activities from your place anytime you want. You can even adjust your card terms if you can manage to use your card properly and responsibly.

Drawbacks

Where there are benefits, there are also flaws. Here is a list of flaws of the legacy credit card:

Restricted Availability
Customer Service Complains
Fees

This card is only available to those who have been offered this. You can only apply if you have been invited via mail. Not everyone with a bad credit history can obtain this card.

There are no deposits, but the card has loads of activation processes including paying fees. Costs can include activation fees, small credit lines, annual fees, along with a substantial APR rate this can only become a nightmare for some.

Due to the traffic, the customer service representatives are often unavailable to provide services to their valuable clients; this proves to be a negative aspect as customers build negativity towards the bank.