The Tribute MasterCard is often used to help rebuild a low credit score. It is an unsecured card. It is issued by the First Bank of Delaware.

This bank has been in the sub prime lending business for years. It can help to increase your score. This is because with on time monthly payments you will create a positive payment history on your report.

Your payment history is factored heavily when your score is calculated. It will also help your utilization ratio. This ratio is how much debt do you have compared to the credit you have that is not being used.

You will have an annual fee; this is common with these cards. Your APR will be 19.50% which is the industry standard. Your initial limit will be $300 and it will report monthly to all three major bureaus.

However the First Bank of Delaware is unique because they are committed to approving the most applicants possible. If you score is severely damaged you can still be approved, however instead of a $300 limit you will have a $70 limit.

It will report monthly to all three bureaus and works just like the card with a $300 limit. You will be eligible for limit increases. There are no finance charges and no account set up fees for both.

There is no application fee and you have free online account access. In addition there is no minimum income requirement and easy approval. You will be eligible for limit increases up to a maximum of $2000.

When you apply you will know if you have been approved within 30 seconds of submitting your application. For you to get the most benefit you should keep your balance at 20% of your limit. This will help because it shows that you do use your card and you are using it responsibly.

In sum we do suggest the Tribute MasterCard to anyone with a damaged credit history. You can use it to create a positive payment history and improve your ratio of available credit to debt.

By Daniel Moske