First Digital Credit Card Review

By: Heather Hanks July 15, 2020

The First Digital Credit Card offers a line of credit for those with less than perfect credit. The application process is easy and you’ll get approval within 60 seconds. Plus, you’ll enjoy a full-feature Mastercard that is accepted nationwide. However, you’ll pay several fees to secure this card, including a $78 annual fee your first year and $48 for every year after that. Plus, you can’t use this card for gas or outside of the United States.

You’ll also need to pay a $95 one-time program fee to activate your card and a $6.25 monthly servicing fee starting your second year. Your APR for balances and cash transfers is a steep 35.99%, which is higher than many credit cards on the market. For more information, check out our First Digital Credit Card review below.

What is the First Digital Credit Card?

It can be hard to secure a credit card if you have less than perfect credit. The First Digital experience might be right for you if you need credit but have few other options. The First Digital MasterCard® is issued by Synovus Bank, Columbus, GA, which is an FDIC-insured bank. The card helps boost your credit by reporting your activity to all three major credit reporting agencies. Some credit card companies may only report to one or two agencies. This may cause discrepancies in your credit reports later on. Finding a credit card that reports to all three means that your credit reports will be uniform across the board.

You can use the First Digital credit card to boost your credit by paying on time every month. This activity will be reflected on your credit report and will boost your credit score over time. On the other hand, if you do not pay on time each month, this activity can negatively affect your score. The card is designed to serve those who have had credit issues in the past and need to re-establish their credit. It’s also ideal for those who are just starting out and need to establish credit history. The company states that they seek to serve the broadest range of applicants as possible, especially those who need to boost their credit score. You can apply for the card right from your phone and get an answer within 60 seconds.

What Does The First Digital Credit Card Offer?

The First Digital Credit Card offers you an opportunity to boost your credit. They will work with you even if you have less than perfect credit when other banks say no. The best way to boost your credit is to make low monthly payments on time. However, it can be hard to correct your credit if no one will extend you a credit card. The First Digital Credit Card works with people with all sorts of credit. They will report your activity to all three credit reporting agencies and this is how to build your credit. However, the card comes with several fees to be aware of that you would not have to pay with other cards that serve people with good credit.

Here is a breakdown of the primary terms and conditions of the First Digital credit card:

Annual fee: $75 for the first year and $48 for every year after that

Program fee: $95 (one-time fee)

Monthly service fee: $6.25 per month starting the second year ($75 annually)

35.99% APR for purchases and cash advances

Interest-free period: 21 days after the billing cycle date closes

Minimum interest charge: $0.50

Additional card fee: $29 annually

Cash advance fee: either $10 or 3% of the amount, whichever is more

Late payment and returned payment fee: up to $40

Express delivery fee: $35

Copying fee: $3.00 per statement page

Expedited telephone payment: $10

Your annual fee will be determined before you start using your card. It will reduce the amount of credit you are allowed. For example, if your initial credit limit is $300, then your available credit will be $225 or $196 if you have two cards. You can reject your plan as long as you have not used the card or paid a fee on it after receiving a statement. You will not be held responsible for any charges or fees if you reject the plan. You can request to increase your credit limit, but this will cost you a 25% fee. For example, if your approved credit limit increase is $100, then you will owe $25. This will reduce the amount of available credit you have from $100 to $75. This fee is automatically charged to your account as soon as your new credit limit becomes available.

How Does The First Digital Credit Card Work?

The First Digital Credit Card helps you boost your credit score by reporting to the three major credit reporting agencies. If you make payments on time each month, then it will be reflected on your credit report. This will lead to a higher credit score overtime. On the other hand, if you do not make payments on time, this will negatively affect your score. The card is designed to help those who may not be able to get credit elsewhere. Many institutions are unwilling to work with those who have bad credit or who have not established credit yet. This makes it hard to boost your credit or credit bad credit from the past few years.

You can use your credit card as long as your account is in good standing. This means that you have no outstanding balances or fees. However, the card cannot be used at gas pumps. Each time you use your account, you are requesting that First Digital issues you a loan for the amount of the cash advance or purchase. If you use your account without presenting your card, such as over the phone or interest, then the legal actions are the same. Each purchase or cash advance reduces the amount of credit you have available until it is repaid each month. The card cannot be used outside of the United States.

You will not be held responsible for fraudulent charges as long as you notify First Digital as soon as you suspect that your card has been stolen or lost. In the worst case scenario, you will not be charged more than $50. You can add authorized users to your account, but you are responsible for them and must pay an additional card fee. You can also have them removed at any time by contacting First Digital. According to the First Digital website, if you make a charge in a foreign country, then the exchange rate will be either selected by Mastercard or fall under the government mandated rate.

First Digital Credit Card: PROS and CONS

It can be hard to find a bank to work with you if you have less than perfect credit. The First Digital credit card is a good option if you need to boost your credit. This is because the company reports to all three major credit reporting agencies. If you keep your credit limit low and make timely payments, then you can boost your credit over time.

However, the card comes with many fees that other cards don’t, including an annual fee of $75 for the first year and $48 for every year after that. You’ll also have to pay a $6.25 serving fee every month starting your second year ($75 annually) and a one-time setup payment of $95. These fees are on top of the already high APR of 35.99%. You might be able to find better rates elsewhere if you shop around, even if your credit is less than perfect. Many people do not like that they can’t use this card for many expenses, including rent or gas. This card also does not make a good travel card as it cannot be used outside of the United States.

Here are some pros and cons to consider before applying for the First Digital Credit Card:

First Digital Credit Card PROS

  • First Digital reports your activity to all three major credit reporting agencies and not just one or two (this ensures accuracy across the board no matter where you pull your credit report from)
  • You can add authorized users to your account (for a fee)
  • You can get approved within seconds even if you have less than perfect credit
  • The card is ideal for those with no credit or those who need to establish their credit after years of bad financial history
  • First Digital will work with you when other banks won’t
  • The card is accepted online and in-stores nationwide anywhere Mastercard is
  • You can manage your account online

First Digital Credit Card CONS

  • The program is not available in Wisconsin or New York
  • The card cannot be used outside of the United States
  • There are several fees associated with the card, including an annual fee of $75 the first year and $48 every year after that. There is also a one-time setup fee of $95 and a monthly servicing fee of $6.25 starting the second year. These fees are higher than other cards that work with people who have bad credit and might be unaffordable for some.
  • The APR for cash advances and new purchases is 35.99%. This is one of the highest on the market, even for those with bad credit. You can always avoid paying interest by paying your balance on time each month. First Digital offers a 21 day grace period for interest that you can take advantage of.
  • You cannot use the card at automated fuel pumps

Your credit limit will likely be based on your credit score. If you have less than perfect credit, then your limit will likely be low. However, this ensures that you’ll make payments on time if your credit limit is affordable, which is the quickest way to boost your credit. If you need a card with a higher credit limit, then you will need to look elsewhere. You will also need a better credit score. For this reason, the First Digital credit card is ideal for those who need to boost credit either by starting from scratch or correcting years of bad credit history. You may still need to find other methods of payment for larger bills, such as mortgages, rent, or auto payments. You will also need to find other ways to pay for gas as this card cannot be used at automated fuel pumps.

How To Apply

A fast application process is one of the First Digital card’s best features. You can apply online and receive an answer within seconds. If you send your application in through the mail, then you can expect a response in less than three weeks. After you fill out an application, you can check your status online by visiting the First Digital website. You can search for your application by entering your ID number, date of birth, or email address.

To apply, you’ll need to enter the following information:

  • Your full name
  • Email address
  • Physical address
  • Phone number
  • Social security number
  • Date of birth

Once you are approved, you can activate your card online or pay your program fee. To activate your card, you will need to enter your card number, social security number, and phone number. You can also activate your card by calling the First Digital toll-free number at 1-844-341-8961. To pay your program fee, you’ll need to find your application by entering your application ID number and your date of birth.

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CreditNervana promises to keep our information as accurate and up-to-date as possible. However, you should always consult a financial advisor for specific questions about personal or business finances and investment opportunities, especially if you are looking in your area. Working with a trained professional who is familiar with your case is a safe and guaranteed way to make the best investment decision possible. Please review our terms and conditions before making any decision based on the information we provide. Financial institutions are constantly changing. Because of this, it’s a good idea to cross check the information you read here with any company you are considering working with.

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