The First Active MasterCard is just one of the many credit cards you will discover are available online in the current market. In this article we are going to review the workings of the card to determine if it is in line with other credit card companies that you may have looked at before. There are several key factors in a review of a credit card that will help you decide if this is the card for you. Remember we can’t tell you which card to obtain, but offer you guidelines for specifics regarding the cards available.
First Active has an introductory offer that is considered special by the company. The offer will allow you to have a zero percent annual percentage rate that is fixed on all purchases for nine months. There are two types of interest rates associated with credit cards. You have the fixed rate or the variable rate. The variable rate means the credit card company can change your interest rate when they desire. Typically cards with special introductory offers can change the interest rate during the introductory offers. With the first active card because it is a fixed rate the company cannot change your interest rate for those nine months. After the nine months have ended the interest rate will start at 12.9% variable. In this case the card company can now change the interest rate, and may do so regarding their terms and conditions.
Along with the special introductory offer you will have a zero percent interest rate on all balance transfers for the first nine months. Again check the terms and conditions as you may have to make the balance transfers in the first 30 months to reap these rewards. Along with the special rate at the end you will be at 12.9% for balance transfers. The card does not have an annual fee.
This card offers you rewards when you spend more than 5000 Euros in a calendar year. The reward is 40 Euros cash back.
Another difference with this card is the no balance transfer fee. After the initial introductory rate and during that time period you will not be charged a fee for transferring a balance from another card. Some banks offer a 3% balance transfer fee.
You also have a possibility of earning up to 56 days interest free credit on purchases and cash advances when you pay the card balance off in full and on time.
As a review of this card we found that the interest rate is lower than most of the introductory offers available on the internet at the moment. This interest rate of 12.9% that is offered is subject to certain conditions and can change. The introductory period, combined with the no balance transfer fee offers another reason for you to be interested in this card. Most of the introductory offers available on the internet are for less than 90 days. Overall upon review the card has shown many bonuses in the fees and the ability to earn money back lacking in other cards.
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