Chip Lupo, Credit Card Writer
@CLoop
The biggest disadvantage of the OneMain BrightWay® Card is that it has a high APR, at 35.99%. As a result, carrying a balance on the OneMain BrightWay® Card is very expensive, but you can avoid this drawback if you pay your bill in full every month. That way, you won’t owe any interest.
OneMain BrightWay® Card Disadvantages
- High APR: The OneMain BrightWay® Card has a relatively high APR, at 35.99%.
- No 0% APR on purchases: The OneMain BrightWay® Card does not currently offer a 0% APR promotion on purchases, so it is not good for people looking to finance big purchases.
- No 0% balance transfer APR: There is no promotional 0% APR on balance transfers.
- Foreign transaction fee: You will be charged a fee of 1% when using your card abroad.
In addition, there are plenty of other disadvantages applicable to all or most credit cards. Some examples are the hard credit pull that usually happens when you apply, interest charged on balances that are carried from month to month, and the potential to overspend.
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People also ask
Is the OneMain BrightWay Card a good first time credit card?
No, the OneMain BrightWay® Card is not a good first-time credit card because it is only available to people with bad credit or better. People who’ve never owned a credit card are unlikely to get approved unless they’ve built bad credit through other means. There are plenty of good first-time credit cards on the market, though.
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You can learn more about the best first-time credit cards on WalletHub.
read full answer by Chip Lupo, Credit Card WriterHow do I check my OneMain BrightWay Card application status?
You can check your OneMain BrightWay® Card application status by calling 1 (866) 207-9130. When you call, you’ll need to provide the required information so that WebBank can match you to your application. WebBank does not allow you to check your application status online.
How to Check Your OneMain BrightWay® Card Application Status
- Call 1 (866) 207-9130.
- Follow the automated prompts that lead to an application status check or connect with a representative and tell them you’d like to...
Do OneMain BrightWay Card rewards expire?
OneMain BrightWay® Card rewards do not expire as long as your account is open and in good standing. You will forfeit any rewards you have yet to redeem if you or WebBank closes your OneMain BrightWay® Card account for any reason.
Similarly, WebBank will cancel any existing rewards if you’re late making the minimum payment.
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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