Get approved for your new Imagine Credit Card today, when your payment history is good, so you can earn additional credit.
If your Imagine credit card is lost or stolen, you will not be liable for unauthorized use. Your card offers complimentary access to your credit score, updated monthly.
Thinking about applying for the Imagine Credit Card but unsure if it’s legitimate? Before we break down its features and credibility, visit internationalbusinesslisting.com to explore verified financial institutions, trusted credit providers, and banking services that can help you make informed financial choices.
You will be able to make debit withdrawals from any ATM on the planet without getting charged for anything if you are in possession of a MyCard Imagine credit card or Imagine credit card.
How do I Get an Imagine Credit Card?
How soon will it take to get an Imagine credit card? A maximum of 14 business days will be required to get an Imagine credit card once approved. If you need the card in a hurry, you may request expedited shipping by calling customer service at (888) 549-0040 upon approval.
The Imagine Visa Credit Card, issued by WebBank and serviced by online lender Atlanticus, is an unsecured consumer credit card that can be used by consumers to build their credit without having to make a security deposit. Unlike most other starter credit cards, it offers decent cash-back rewards on useful spending categories.
The card’s fees (and interest rate, if you carry your balance) will shave off whatever rewards you receive and potentially wipe out that cash back entirely. Other lower-fee credit-building cards may be a better bet even if their rewards schemes are not as rewarding.
Are there Any Benefits of the Imagine Credit Card?
While the initial security deposit on a secured credit card may be steep, you’ll get your money back when you’re ready to step up to an unsecured card. Annual fees, on the other hand, are non-refundable, so dollars you spend to keep the Imagine Credit Card are gone forever.
The $0-annual-fee Discover it® Secured Credit Card could be a better alternative. It requires a $200 minimum security deposit, but after seven months, Discover will begin reviewing your account monthly to determine if you’d be eligible to switch to an unsecured card and get your deposit back.
You’ll earn 2% cash back at gas stations and restaurants on up to $1,000 in combined spending each quarter, and 1% cash back on all other purchases. Plus, new cardholders can get a welcome bonus:
- INTRO OFFER: Unlimited Cashback Match for new cardmembers only from Discover. Discover will match all cash back you’ve earned at the end of your first year. No minimum spend or rewards limit.
The Capital One Quicksilver Secured Cash Rewards Credit Card with a $0 annual fee also offers a $200 minimum security deposit that gets refunded when you transition to an unsecured card.
Capital One will get you approved for a credit limit increase in as little as six months with no extra security deposit. The card offers 1.5% cash back on all purchases.
Final Note and CTA
Imagine Credit Card not only carries an annual fee, but also carries a monthly account maintenance fee in the second year and beyond. Fee rates range depending on how large a credit limit you are eligible for.
Whether you decide the Imagine Credit Card is right for you or not, always verify financial services before committing. Check internationalbusinesslisting.com for a list of reputable banks, credit card companies, and financial experts who prioritize transparency and consumer trust.
Let’s say you’re offered a $500 credit card limit. That will be $125 to carry for the first year (that’s just the first-year annual fee; the account maintenance fee won’t kick in until year two). You’ll need to spend $347.22 monthly, or approximately $86.81 weekly, at grocery stores and gas stations to earn $125 cash back.
Now let’s look at the second year with the same $500 credit limit. The annual fee will now be $49, and the account maintenance fee will cost $180 for the year, so the card now costs $229. Now, you’ll need to spend $638 per month, or around $159.50 per week, on gas and groceries to earn $229.68 in cash back.
Depending on your normal food and transportation spending, it might be possible to more than repay the card cost. But if you do not typically spend that much, the charges will exceed the reward benefit of the cash back you would earn.
