Mid America Bank & Trust Company Credit Cards
Please find below 3 credit cards offered by Mid America Bank & Trust Company. Use the filters to refine or expand your credit card search.
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- Annual Fee $75 1st yr, $48 after
- Monthly Fee None 1st year, $6.25 after
- One-time Fees $89*
- Regular Rate 29.99%
- Annual Fee $35-$99*
- Monthly Fee None
- One-time Fees None
- Regular Rate 23.9%
- Annual Fee $75 1st yr, $48 after
- Monthly Fee None 1st year, $6.25 after
- One-time Fees $89*
- Regular Rate 29.99%
MID AMERICA BANK & TRUST COMPANY CREDIT CARD REVIEWS
I applied for this card they told me to mail or fax them two copies of my paycheck stubs...I did...now they want another one??? did this happen to you?? Is this credit card service safe to be sending documents to?
September 13, 2017
The pre-approval letter is bogus! They lead you to believe that you are going to get approved, then within a few seconds, you are denied. But wait, they tell you you are still pre-approved for a $500 limit ,on the same terms as the bogus credit card offer. All you have to do is give them a $500 deposit, out of which they take their fees of $125 for the annual fee, plus $10 of the monthly maintenance fee of $120 per year, then immediately start charging 29.99% interest. So, before you even receive your card, you are already $135 in debt to them. I have been told by several financial institutions that in order to keep your credit score up, never exceed 30% of your available credit or it will have a huge impact on your score. I'm no math whiz but 30% of $500 (...of your own money) is $150....thus leaving you an available balance, to spend as you please, of $15!!!! That is if you want to stay within that 30% guideline. Less if you sign up for the credit protection they seem to pitch at you hard. They must own that company too. What a crock of crap!!!!!! Just my opinion. It's your money, waste it however you see fit!… read more
September 10, 2017
I applied for the card and got an approval for CL of 300.00. That's a small amount but I was very grateful to have gotten the approval, being that I am rebuilding my credit is perfect. However when the card came through the mail, it required a 89.00 process fee upfront to activate the card via a debit card, then once activated they take the first annual fee from your account which leaves a CL of 225.
Because of all these fees, I decided to wait and think about keeping the card. Plus I read more reviews and got very discouraged about it. I read how difficult it was to use the card. The fees were ridiculous and outrageous. Problems with trying to make a payment and posting after 14 days. Customer Service was horrible and didn't care. Some regretted having the card. I was so turned off by this credit card company because of the reviews. But two weeks later I said to myself, "everyone have their own experiences for different reasons. What if I'm missing out on an opportunity based on others experiences? Why can't I have my own experience and say this what happened to me?" So I paid the activation fee and opened the card.
Let me be the first to tell you what I read from those reviews were far from the truth, accept for two things. Yes, the activation is 89.00 but it's worth it if it's difficult to get an approval from a credit card company. Yes. They take 75.00 from CL, leaving you with 225.00 available to you. This is nothing if you trying to rebuild your credit. My process and experience was very easy and smooth. I faithfully paid those fee to get it over with. I use the card and made my first payment on time. The online pay is accessible and you can store your debit account on file for future payment. You can also setup auto payment and view your statement. Oh, customer service was helpful and knowledgeable about their products.
So the bottom line is... don't believe everything you read or hear. Some things maybe be true, I'm not trying to discount that. But with everything else in life, use your best judgment and test it for yourself. My experience was totally different from others and had I not decided to try it, I would have missed out on an opportunity to make life better for me and my kids. My goal is build credit worthiness and buy a home in the future. I don't plan to make this a one stop shop. It's a step to get me to the next level.… read more
I think consumers forget the quality of easy checkout using the total visa credit card. Fast easy on use method of easy checkout without the hassle to count change or use a dirty keypad. The convieniance of this easy to use system is well worth any fees applied. This card also reports to credit agency so it can make you or break you in long term credit. This company has good resolve for securing assets and goods. Professional source for professional men to get their needs met in a professional manner. St Nick… read more
Don't understand why with a this score of over 640 and all my other account as high as 707 didn't qualify this just doesn't make any sense and they do not tell you why
I had this absolutely WORTHLESS card with a $200 dollar limit about 15 years ago. DO NOT WASTE YOUR TIME. Go to a major bank and apply for one of their Secured Credit cards where you can raise your credit limit by adding more to your security account. TOTAL Visa will not let you change your credit limit. SUCH A CRAPPY card!!!! STEER WAY CLEAR OF TOTAL VISA.
I applied for this credit card, and was asked to pay the $89.00 in order to activate it, so I did. When I went to activate the card, the website told me I still had to pay the $89.00 fee. I checked my bank account, and the fee was pending in my account, so I knew it had more than likely gone through. I called their customer service and told the rep what happened, and she said that they weren't showing that I paid already, and would I like to pay the fee over the phone. I told her it was pending and I didn't want to have 2 fees taken out because then I would be overdrawn on my bank account. She assured me that if I checked my account in 24hrs, it would only show 1 fee taken out. So I went ahead and paid again over the phone, and the next day, 2 processing fees were taken out. I called them back, and they said they were only showing 1 fee, and that they couldn't do anything about it if they couldn't see 2 fees on their end. So, I had to go to my bank and file a dispute to get my money back before I had NSF charges tacked on to my account. The bank got my money back the same day, I used the card the following day, and paid off the entire balance within a week. With the balance paid, it was still showing that I had no credit, even though I was paid in full. I paid through my bank account, so I know it shouldn't take a week to show my credit balance. I called First Access again, and they said my account had been closed. Excuse me? I just opened it 3 weeks prior to them closing it. I asked them why, and after being on hold for almost 15 minutes, they said they closed it because I disputed the extra $89.00 that they charged me by mistake. So basically a long story short, they messed up and charged me 2 processing fees, told me that they didn't, even though my bank showed they did, and when I went to get my money back, they closed my account. I'm assuming if the card wasn't paid off, they wouldn't have closed it, but that's just my thought. I wouldn't recommend anyone going through this company.… read more
Not a good card for rebuilding your credit
Was easy to Get and activate. Had no problems paying online. Had the card for 3 weeks now spent about 100 bucks. Paid the full balance, Realizing I should have done my homework. I hope I can close this card with a zero balance and not damaging my credit.
The fees are outrageous and getting online to pay it is impossible. I would not recommend this card at all it in fact lowered my credit score.
QUESTIONS & ANSWERS
Ask a question about Mid America Bank & Trust Company Credit Cards
Is your credit reported to the 3 major credit bureaus and if so, is it monthly? Also, besides the initial fee are there any other fees taken out monthly?
Yes, information for this card will be reported to all three major credit bureaus on a monthly basis. The card’s $35 - $99 fee is charged once per year. You will only be assessed monthly finance charges if you do not pay your bill in full. Hope this helps.
How do you pay the processing fee?
You can pay the processing fee with a debit card or a credit card. Details will be required during the application process. Hope this helps.
What is the limit on this card?
The initial credit limit is $300, but you’ll only have $265 available to start with since the annual fee gets assessed when you open your account. Please let us know if you have any other questions.
When do you get credit limit increases?
Cardholders are generally eligible for credit limit increases after six months of on-time payments, but that doesn’t mean you will necessarily be granted one. Your best bet would be to call customer service at 800-958-2556 and ask. For more information, you can check out our article on the topic, here: http://wallethub.com/edu/how-to-increase-credit-limit/25857/ . Hope this helps.
What is the credit limit?
The credit line for the Milestone MasterCard is $300. If you are referring to the credit score limit, the credit card is designed for people with good, fair and bad credit score (660 – 620).
What are the odds of getting this card with a low 603 credit score?
The Milestone Gold MasterCard was designed for people with “bad” credit, so your odds of approval are actually pretty high. But it’s impossible to say for sure. The closest thing you can get to guaranteed approval is a secured card, and options such as the Capital One Secured MasterCard and the Harley-Davidson Secured Visa do not charge annual fees. Hope this helps. Best of luck!
How can I find out the status of an application for a Matrix Card?
What is the Milestone credit card?
The Milestone Credit Card is an unsecured card for people with bad credit that is issued by Mid America Bank & Trust Company. That means it does not require you to place a refundable security deposit. Its initial credit limit is $300, but you’ll only have $265 available to start with, thanks to a $35 annual fee that’s assessed when you open your account. Nevertheless, the Milestone Card is one of the best unsecured cards for bad credit, according to WalletHub’s editors. And you can learn more about why that’s the case from their full-length Milestone Credit Card review: https://wallethub.com/edu/milestone-credit-card-review/25968/ .
How much is the processing fee and is it then available to use as credit?
The processing fee is of $89, and it will not be subtracted from your credit line, but you will have to pay it before you can use the card. The $75 first-year fee will, however, count against your $300 initial credit line. That means you will have $225 of spending power when you first open your account. Please let us know if you have any other questions.
Should I apply for another Capital One credit card and which one should I choose?
It depends on your specific financial needs. Please find a list of Capital One credit cards here to help you decide which credit card to choose: https://wallethub.com/credit-cards/capital-one-13001087i/.