Aspire Gold Visa® Card
20.75%
Aspire Gold Visa® Card
- No Security Deposit
- Unsecured Visa® Card
- Low Minimum Monthly Payments
- Special Visa Deals for Cardholders
The Aspire Gold Visa® Card, issued by Columbus Bank and Trust, is designed for those who require only the basic functions of a credit card.
June 16, 2005 12:23 PM
The card offers high interest rates and all of the variable interest rates. Each rate applied has a minimum cap. 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 rate.
The annual fee applied to new accounts varies and will be $150. There is also an account opening fee of $29.50 and a monthly maintenance fee of $6.50, which amounts to $78 per year. The total standard fees listed here (not including penalty or default fees) is $257 per year.
Therefore, those who can afford to pay in full each month (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 Aspire Gold Visa® Card. Individuals who plan to carry a balance should consider a card with a lower interest rate.