About the First Phase Visa Credit Card

The First Phase Visa Credit Card was previously offered as an unsecured credit card for consumers with less-than-perfect credit. The card was issued by The Bank of Missouri and was designed primarily for consumers looking for access to credit while establishing or rebuilding their credit history.

Finance Globe no longer maintains the First Phase Visa as a current credit card offer. This page is preserved because consumers may still be researching the card, reviewing an older account or looking for information about its previous terms.

Is the First Phase Visa Credit Card Still Available?

The First Phase Visa Credit Card is no longer available as a current offer through Finance Globe.

If you reached this page while looking for a credit card for fair or poor credit, compare currently available offers rather than relying on the historical First Phase terms shown here.

Current credit card alternatives:

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Aspire® Cash Back Rewards Mastercard

• Earn Cash Back Rewards* – 3% on Eligible Gas, Groceries, and Utilities, and 1% on All Other Eligible Purchases
• Up to $1,000 credit limit subject to credit approval
• Prequalify** without affecting your credit score
• No security deposit
• Free Access to your Credit Score†
• Review Cardholder Agreement for rate and fee information
  *See Program Terms for important information about the cash back rewards program.
  ** Prequalify means that you authorize us to make a soft inquiry into your credit history (that will not affect your credit) to create an offer. If you accept an offer a hard inquiry will be made. Final approval is not guaranteed if you do not meet all applicable criteria (including adequate proof of ability to repay). Income verification through access to your bank account information may be required.
  † Your credit score will be available in your online account starting 60 days after your account is opened. (Registration required.) The free VantageScore 4.0 credit score provided by TransUnion® is for educational purposes only. This score may not be used by The Bank of Missouri (the issuer of this card) or other creditors to make credit decisions.

Credit Target	Type	Annual Fee	BT Intro APR	Purchase Intro APR	Regular APR	Rewards	Reviews
Fair Credit, Above Average Credit, Limited Credit	Consumer	$85-$175 first year, $229 thereafter	N/A	N/A	36% Fixed	Cash Back	Be the first to write one

Apply Now

Fortiva® Cash Back Rewards Mastercard

• Earn Cash Back Rewards* – 3% on Eligible Gas, Groceries, and Utilities, and 1% on All Other Eligible Purchases
• Use Anywhere Mastercard is Accepted
• No Security Deposit
• $0 fraud liability**
• Free access to your Credit Score†
  *See Program Terms for important information about the cash back rewards program.
  **Fraud liability subject to Mastercard rules.
  † Your credit score will be available in your online account starting 60 days after your account is opened. (Registration required.) The free VantageScore 4.0 credit score provided by TransUnion® is for educational purposes only. This score may not be used by The Bank of Missouri (the issuer of this card) or other creditors to make credit decisions.

Credit Target	Type	Annual Fee	BT Intro APR	Purchase Intro APR	Regular APR	Rewards	Reviews
Fair Credit, Average Credit	Consumer	$85-$175 first year, $229 thereafter	N/A	N/A	36% Fixed	Cash Back	Be the first to write one

What Was the First Phase Visa Credit Card?

The First Phase Visa was marketed toward consumers with fair, poor or limited credit histories. Unlike a secured credit card, the historical offer did not require a security deposit as a condition of opening the account.

The card offered an initial credit line ranging from $300 to $1,000, according to the terms previously maintained by Finance Globe. The actual credit line available to an approved applicant depended on the issuer's decision and applicable account terms.

The card was also promoted as reporting account activity to consumer reporting agencies, making responsible account management an important consideration for cardholders interested in building credit history.

Historical First Phase Visa Fees and APR

The First Phase Visa was not a low-cost credit card. Finance Globe's historical listing shows a regular purchase APR of 34.99% and an annual fee of $75 for the first year, followed by $48 annually.

The historical offer also advertised a $0 monthly fee during the first year followed by a $6.25 monthly fee thereafter.

These figures are preserved as historical information only. They should not be interpreted as current terms or as terms that apply to an existing First Phase account today.

Was the First Phase Visa Designed to Build Credit?

Credit building was a major part of how the First Phase Visa was marketed. A credit card that reports account activity to credit bureaus can contribute information to a consumer's credit history, but simply opening an account does not guarantee that a credit score will improve.

Payment history, balances, other accounts and numerous additional factors can affect a person's credit profile. Consumers using a card to establish or rebuild credit should focus on making required payments on time and keeping debt manageable.

There is also no need to carry a balance or pay interest simply for the purpose of building credit.

What to Compare With Current Credit-Building Cards

The First Phase Visa competed in a part of the credit card market where fees can make a substantial difference. When comparing currently available cards for less-than-perfect credit, look beyond whether an application appears easy to complete or whether the card is marketed for a particular credit profile.

Important features to compare include:

• Annual and monthly fees
• One-time or account-opening fees
• Purchase APR
• Initial credit limit
• Credit bureau reporting
• Whether a security deposit is required
• Potential credit limit increases
• Other account restrictions or fees

A card with a relatively small credit line can become expensive when multiple fees reduce the amount of credit initially available for purchases. Reviewing the complete fee schedule is particularly important when comparing cards designed for consumers rebuilding credit.

First Phase Visa vs. a Secured Credit Card

One potential alternative to an unsecured credit-building card such as the historical First Phase Visa is a secured credit card.

Secured cards generally require a refundable security deposit, while unsecured cards generally do not. However, an unsecured card designed for poor credit may have higher account fees. The better choice depends on the costs, deposit requirements, credit reporting and terms of the individual offers being compared.

Consumers should consider the total cost of maintaining an account rather than assuming that avoiding a security deposit automatically makes an unsecured card less expensive.

Who Was the First Phase Visa Intended For?

The historical First Phase Visa was intended primarily for consumers whose credit history could make qualifying for traditional credit cards more difficult.

Finance Globe previously categorized the offer for poor and fair credit. That historical classification should not be interpreted as a minimum credit score or a guarantee of approval. Card issuers can consider multiple factors when evaluating an application.

Finance Globe's Historical First Phase Visa Information

Finance Globe has preserved the original product data below for consumers researching the First Phase Visa Credit Card. This information reflects a previous version of the offer and may no longer correspond to any product currently marketed under the First Phase name.

Historical rates, fees, credit limits and promotional statements should not be relied upon when making a current financial decision.