MoneyGeek’s Take

First Access Solid Black Visa® Credit Card Review

The First Access Visa Solid Black Credit Card from the Bank of Missouri is ideal for those with poor credit. It's designed to help individuals rebuild their credit while offering the benefits of a Visa credit card.

By Doug Milnes, CFA

Reviewed by Alene Laney

Updated: December 10, 2024

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First Access Solid Black Visa® Credit Card

Rates & Fees

REVIEW & APPLY

On Issuer's Site

Rewards Rate

N/A

APR

N/A

Annual Fee

N/A

Recommended Credit

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PROS
- Can qualify with average or poor credit
- Reports to Experian, TransUnion and Equifax
- Multiple card images from which to choose
CONS
- Need checking account to apply
- High APR
- Program fees
- Annual fees
- Monthly fees from the second year
- Additional card fees
- Available for people with poor credit
- Reports to the top three credit bureaus
- $95 one-time program fee
- $75 annual fee for the first year, $48 thereafter
- $8.25 monthly fee from the second year (billed annually at $99)
- $29 additional card fee (billed annually)

WHY TRUST OUR REVIEWS

When it comes to reviewing credit cards, MoneyGeek adheres to a well-defined and standardized methodology. We use the Consumer Finance Protection Bureau's database to gather information, standardize data points for comparison, estimate typical spending profiles, determine long-term worth and conduct regular re-ranking.

While the First Access Visa Solid Black Credit Card is best suited for individuals with poor credit, it comes with high fees and a similarly high APR that you may not see with other credit cards. However, the provider reports to the three major credit bureaus, which can be helpful for individuals looking to rebuild their credit rating.

There are no restrictions on spending, either: you can use your card to make purchases wherever it is accepted, provided your account is in good standing, and you have available credit.

MoneyGeek’s First Access Visa Solid Black Credit Card review will help you understand the features of this card and decide if it’s the best fit for your needs.

First Access Solid Black Visa® Credit Card Overview

Quick Take

Available for people with poor credit
Reports to the top three credit bureaus
$95 one-time program fee
$75 annual fee for the first year, $48 thereafter
$8.25 monthly fee from the second year (billed annually at $99)
$29 additional card fee (billed annually)

Important Card Details

Regular APR

The First Access Solid Black Credit Card has a high annual percentage rate of 34.99%. First Access charges interest on purchases and cash advances at a daily periodic rate of 0.09585%. The daily periodic rate is calculated by dividing the APR by 365. The purchase APR will be added to the costs charged to your account.

Annual Fee

Your account will be charged an annual fee of $75.00 once it is opened and $48.00 every 12 months after that, whether or not you use it. Except as indicated in the provider's refund disclosure, the annual charge is non-refundable. The annual fee will not be charged to your account once it’s closed but prorated according to the date the account is reopened and the card is reissued.

Express delivery fee

First Access imposes a $35.00 fee for the express delivery of your card.

Late payment fee

You will be assessed a late payment fee if the provider does not receive payment in the amount of your total minimum payment due by the due date shown on your monthly billing statement. If you did not incur a late payment charge in any of the previous six billing periods, the cost will be $30.00; otherwise, the fee will be $41.00 or your past due total minimum payment due amount.

Additional Benefits

The First Access Solid Black Visa® Credit Card offers other features aside from being ideal for individuals with poor credit.

Credit Limit Increases: After 12 payment cycles, First Access may notify you or you may seek a credit limit increase. Note that there is a fee of 20% of the amount of the increase (so if your increase is $100, you’ll be charged $20).
Liability for unauthorized use of your card: You will not be held liable for an unauthorized card or account use if your card is lost or stolen. To protect your rights, you must contact First Access verbally or in writing as soon as you discover that your card has been lost, stolen, or used without your permission.
Customer center availability: You can contact the First Access team 24/7 if you have any complaints or need help with your credit card.
Fair credit limit: While the credit limit of $300 may seem low, remember that it's an unsecured card and you can seek limit increases after your first year of use. Keep in mind that the initial annual cost of $75 is subtracted from this total limit in the first year; after that, you pay $48 yearly.

How the First Access Solid Black Visa® Credit Card Compares To Other Cards

When compared to other credit cards in the same category, this card stands out. Finally, your pick should be based on your credit card needs.

How the First Access Solid Black Visa® Credit Card Compares

First Access Solid Black Visa® Credit Card

An initial credit limit of $300
Very high APR of 34.99%
Potential credit limit increase after 12 months
$0 fraud liability
Reports to the three major credit bureaus
Best for: Individuals looking for fast credit approval.

Fit Mastercard® Credit Card

An initial credit limit of $400
Fairly high APR of 29.99%
Potential credit limit increase after 6 months
$0 fraud liability
Reports to the three major credit bureaus
Best for: Individuals looking for higher initial credit limits.

Frequently Asked Questions

What is the average credit score needed to get approved for First Access Solid Black Visa® Credit Card?

You can get this card with a bad to fair credit score.

Does First Access Solid Black Visa® Credit Card report to all three credit bureaus?

Yes, First Access Visa Solid Black Credit Card reports to the three major credit agencies.

Is the First Access Solid Black Visa® Credit Card application process lengthy? Can you prequalify?

Prequalification is not required. You can apply online and get a decision in as little as 60 seconds.

What information is needed to apply for First Access Solid Black Visa® Credit Card?

First Access Solid Black Visa® Credit Card requires you to provide personal information such as your name, home address, city, and zip code and confirm if you have a checking account.

Does First Access Solid Black Visa® Credit Card have good customer service or helpful information online?

Yes, First Access Solid Black Visa® Credit Card has good customer satisfaction ratings and can be contacted via its website 24/7.

Does First Access Solid Black Visa® Credit Card have a mobile app or the option to pay or manage your account online?

This provider doesn’t have a mobile app. However, you can manage your account from your personal dashboard on its website.

Does First Access Solid Black Visa® Credit Card raise credit limits automatically or charge for limit increases?

Through notification from First Access Solid Black Visa® Credit Card or upon your request, your account may be reviewed for a credit limit increase after being open for at least twelve (12) months.

Does First Access Solid Black Visa® Credit Card offer the option to freeze your credit/account or have other security features?

You may contact the provider verbally or via mail if you suspect that an unauthorized purchase has been carried out on your account. The provider offers $0 fraud liability.

Does Bank of Missouri offer other credit cards besides, First Access Solid Black Visa® Credit Card?

Yes, it does. Some other popular Bank of Missouri credit cards include the Fit Mastercard® Credit Card, the Milestone® Gold Mastercard® and the Milestone® Unsecured Mastercard®.

About Doug Milnes, CFA

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.

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sources

First Access. "Terms and Conditions-Website." Accessed December 10, 2024.
Fit Mastercard. "About Fit Mastercard." Accessed December 10, 2024.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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