The TOTAL Visa Unsecured Credit Card enables you to rebuild your poor credit over time, and it doesn’t require a security deposit. It’s a viable option if you can’t afford the upfront costs necessary to get a secured credit card, but the high interest rates and annual fees could end up costing you even more in the long run.

ALSO READ: CardCruncher’s Complete Guide to Improving Your Credit Score

TOTAL Visa Unsecured Credit Card Review

Here are some key details about the TOTAL VISA Unsecured Credit Card.

  • Annual Fee: $75 for the first year, then $48 for every year thereafter
  • APR: 29.99%
  • Sign-Up Bonus: None
  • Benefits:
    • $300 initial credit with opportunities for increases after six months of full, on-time payments
    • No security deposit required
    • Reports payment history to credit bureaus, which can help improve your credit
    • Get approved within minutes
    • Choose your card’s design
  • Minimum Payment: $38
  • Other Fees:
    • $89 one-time processing fee
    • No monthly service fee for the first year, then $6.25/month ($75/year)
    • $29 additional card fee (optional)
    • No cash advance fee for the first year, then $5 or 5% of the amount, whichever is greater
    • $27 for first late payment and $38 for subsequent late payment within six months of the first
    • $27 for first returned payment and $38 for subsequent returned payments within six months of the first

Why to Apply for the TOTAL Visa Unsecured Credit Card

Here are a few reasons you may want to take a closer look at the TOTAL Visa Unsecured Credit Card.

It can help you rebuild your bad credit: You can get approved for the TOTAL Visa Unsecured Credit Card even if you don’t have good credit. The card issuer also reports your payment history to the three credit bureaus each month, and making full, on-time payments can help to improve your creditworthiness over time.

You don’t have to put any money down: The TOTAL Visa Unsecured Credit Card doesn’t require you to make a security deposit in order to be eligible for a line of credit. It’s a good alternative to a secured credit card if you don’t have the money for a down payment but still want to improve your poor credit.

TOTAL Visa Unsecured Credit Card: Drawbacks and Downsides

While the Total Visa Unsecured Credit Card does have some benefits for those with poor credit, there are also some drawbacks you should be aware of.

You’ll pay a lot just to have this card: The first year you have the card, you’ll pay $164 in various fees. Every year after that, you’ll pay an additional $123. That amount comes off of your credit limit, so you won’t really be able to spend $300 each month. You can apply for a higher credit limit after six months, but you may be better off going with a more affordable card instead if your credit has improved enough.

The high interest rates could hurt your credit: With an APR of 29.99%, you’ll end up paying a lot in interest if you have to carry a balance on this card. If you max out your $300 credit limit and only make the minimum $38 payment each month, it’ll take you nine months to pay back and you’ll pay an extra $38 in interest. Some users can’t get out of that cycle and the credit card ends up hurting them more than helping them.

TOTAL Visa Unsecured Credit Card Alternatives

If you’re trying to rebuild your credit, you’re better off going with a reputable secured credit card.

Try the Discover it Secured Credit Card if you want to earn rewards on every purchase. There’s no annual fee, but you must put down a refundable security deposit equal to your credit limit. Then you can earn 2% cash back at restaurants and gas stations and 1% back on all other purchases. Plus, Discover will automatically match all the rewards you earn in your first year. The APR is better than the TOTAL Visa Unsecured Credit Card at 24.49%, but you should still try to not to carry a balance.

If you need to transfer a balance, we recommend the UNITY Visa Secured Credit Card. It offers a special introductory 9.95% APR for balance transfers within the first six months. Its standard 17.99% APR is also very good for a secured credit card. You can get a credit limit as high as $10,000, as long as you have the security deposit to match it. There is a $39 annual fee on this card.

Bottom Line: Should You Apply for the TOTAL Visa Unsecured Credit Card?

The TOTAL Visa Unsecured Credit Card can help you to rebuild your credit, but it’s not the best way to do this for most people. Consider it if you absolutely can’t afford the security deposit for a secured credit card. Otherwise, go with one of our recommendations above.

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