Total Visa Credit Card Review | 2018

Total Visa Credit Card Review | 2018
Amy Fontinelle
on May 9, 2018
Read in 1 min

The Total Visa is a credit card for consumers with poor credit.

Its best feature, though far from a unique one, is that it reports your payments to the three major credit bureaus.

With timely payments every month, you can quickly improve your credit score.

Without them, your score will get worse, and you’ll owe a late payment fee of $38.

To help your score even more, limit your card use to 20% to 30% of your credit limit.

On-time payments and credit utilization together make up about half of your credit score.

The Total card makes it hard to keep your credit utilization down, though. Here’s why.

Total Visa Credit Card Limit and Fees

As of early April 2018, the Total card has an $89 processing fee.

You must pay this fee up front from another source before you can use your card.

On top of that, the Total card has a $75 annual fee that’s subtracted from your initial credit limit of $300.

After the annual fee, your credit utilization will already be 25% — and the annual fee means you’ll be limited to spending $225 during the first billing cycle.

If you want a second card for someone else, the fee is $29 per year, dropping your first-cycle credit limit to $196.

With such low initial and ongoing credit limits, you could easily reach your limit if two people use the account.

The Total Visa credit card is also expensive in year two. You won’t owe the processing fee, and the annual fee drops to $48, for a savings of $27.

But a monthly servicing fee of $6.25, or $75 per year, kicks in, more than offsetting the savings from the lower annual fee.

This is a card you want to use to improve your credit as quickly as possible so you can move on to a less expensive option with a higher limit.

Benefits and Drawbacks of the Total Visa Credit Card

Credit limit increases are available every 6 months if your card has not been past due during that period and is not currently over the limit.

You must request the increase; it’s not automatic.

Typical for cards of this type, there is no rewards program with the Total Visa.

You can’t use the card at automated fuel pumps, for gambling transactions, or with foreign merchants.

The APR for purchases and cash advances is high at 29.99%.

Carrying a credit card balance is always costly, but it’s especially costly with the Total credit card.

That being said, there’s no cash advance fee for the first year.

After that, it’s $5 or 5% of the transaction, whichever is greater.

Given what we’ve uncovered in this review, we don’t think the Total Visa is the best option for most consumers because of its low limit and many fees, but it may help you out if your credit has tanked and you use it carefully.

It’s also good for anyone who can’t afford the deposit that secured cards require.

Funding Options APR Do you qualify? Time in Business Annual Revenue
Funding Option
Get Started
APR
5-50%
Estimated Apr
Do you qualify?
500
MIN CREDIT SCORE
Time in Business
At least 6 months
Annual Revenue
At least $100K
Funding Option
Learn More
APR
1.5% - 10%
Monthly Fee Rate
Do you qualify?
N/A
MIN CREDIT SCORE
Time in Business
At least 1 year
Annual Revenue
At least $50,000
Amy Fontinelle Finance Journalist

Amy Fontinelle is a writer, editor, and personal finance expert.

Her articles have appeared at Investopedia, Bankrate, MassMutual.com, The Simple Dollar, Interest.com, Yahoo, Forbes.com, SFGate.com, Bankaholic, Mortgage-Calc.com, Saving Advice and other sites.

Amy’s clients include personal finance websites, financial institutions, public policy organizations, academic journals, and professional economists.

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Late Payments Hurt Your Credit Score

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