Total Visa - low limit cards

These low limit cards are what got me into the trouble Im in now.I had 4 cards,if the payment is one day late they charge you late fees,even when I was sure that I sent the payments on time,it seems like they just hold it until it is late.To make a long story short,as the late fees pile on,it made it hard to make min payment with late fees,so before you new it I was over limit without even charging anywhere near my limit,Now the late fees plus overlimit fees start adding on.The interest is also very high on these cards.They make more from you if you are late,fees are their bread and butter.I paid something to them every month,but the fees were more than my payments,so I never made a dent.I now owe over $4700 total to these 4 cards which had a total of $1200($300 each)credit limit.They will also charge the yearly fees etc,right when they know that they can make you go over your limit,then the fees will begin.
Well,I guess this ended up being a long story after all :lol: ,but anyway if you choose to get this card ,be very careful,make your payments online and watch out for those fees.

I've received several offers like this one...it is probably a great way to build up some positive credit history, but I just couldn't justify paying all the outrageous fees just to bring it back to zero! If I had the income to do something like that, I probably would.

~Mary

I know I had another card like this with first premier bank. It was a few months after my bankrutcy. Like twokid said, I was paying on it every month and I seemed to get no where. I should have read the fee schedule more closely. I finally closed the account and paid it off a couple of years ago. It took several months to do so and they even charged a monthly maintenance fee for the account being closes. I did a happy dance when it finally got paid off. I would contact total visa and see if you can just close the account since you have not activated it.

I also had a Total Visa which I recently cancelled. I have one more small payment to them then I will be rid of them. What a great feeling!

I had them close it out today..Didn't seem worth the hassle--But I didn't want to close it if it would be more positive than not.

I kinda think it's a good idea to get a small balance card to rebuild credit only. If used as a regular charge card it can have the pitfall of ending up like most credit cards....delinquent and unpaid.

My first credit card was a Capital One Visa with a limit of $200.00. Long story short, and I'll spare all the boring details, I don't do business with Capital One anymore.