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The Tribute® MasterCard® Gold Card, issued by First Bank of Delaware, is designed for those who only require the basic functions of a credit card, but would like to have their account reported to the credit bureaus.

The card offers high interest rates, and all of the variable interest rates have minimum caps. This simply means that no matter how low the Prime Rate drops, the interest rates on the account will not go below the stated minimum caps. In addition, the APRs for all transactions are tied to the highest Prime Rate during a 90-day period. Therefore, due to this policy, the APRs may never reach the lowest possible interest rates.

Cardholders will be issued either the $300 card or the $70 card after a review of their credit history.

The annual fee for the $300 card is $150. There is also a monthly maintenance fee of $9.95 that applies to this card, which amounts to $119.40 per year. The total amount of standard fees (not including penalty or default fees) is slightly above $269 for the first year.

While the $70 card does not have an annual fee, it does require a one-time $20 account opening fee. An account maintenance fee of $19 per month will be billed to the cardholder's account. Over the course of one year, this fee will total $228.

The best feature that both cards have is that cardholder's account activity can be reported to the credit bureaus, which may be worth the additional fees.

Therefore, those who can afford to pay in full each month in order to avoid high finance charges, do not mind paying the various fees associated with the card, and have a limited credit history will benefit most from the Tribute® MasterCard® Gold Card.

Type of card: Credit_repair

Introductory apr rate description: No Introductory Rate Available

Purchases apr rate: $24.50

Cash apr rate: $30.50

Fee: $150.00

Best: Reports to credit bureaus.

Worst: Minimum APR caps for all transactions; annual fee; monthly maintenance fee.

Perks: See website for additional benefits.

Notations: *The APRs shown reflect the rates for the $300 card. The APR for purchases and cash advances for the $70 card are 19.50% and 25.50% respectively. ***The participation fee is the account maintenance fee. For the $300 card the fee is 9.95 per month. For the $70, the fee is $19 per month. ****The fee total shown applies to the $300 card. The total first year fees for the $70 card is $248. See website for complete terms and conditions of card usage and application disclosure.

Additional description:

• Unsecured Gold MasterCard® Credit Card
• Reports to the Major Credit Bureaus
• MasterCard® Cards Are Accepted at Over 25 Million Locations Worldwide
• Quick Online Decision
• *See Card Terms and Conditions