Is the Imagine Credit Card Legit ? The Imagine Credit Card is an unsecured credit card aimed at individuals looking to build their credit without needing to make a security deposit. It offers cash-back rewards and a free credit score, but also comes with high fees and interest rates. This article will explore the legitimacy of the Imagine Credit Card and whether it is a good option for those looking to improve their credit.
Cash-Back Rewards
The Imagine Credit Card offers cash-back rewards on gas, groceries, and utility bill payments, as well as other eligible purchases. You can earn:
- 3% cash back on gas, groceries, and utility bill payments
- 1% cash back on all other eligible purchases
However, the cash back is automatically redeemed as a statement credit once a year, which might not be ideal for everyone.
Fees and Interest Rates
This card has high fees and interest rates, including:
- An annual fee of $39
- Interest rates ranging from 19.24% to 36%
These costs can make it challenging to pay off your balance and might lead to high-interest charges.
Free Credit Score
The Imagine Credit Card provides a free credit score, which can be a useful tool for those looking to build their credit. This score is provided by TransUnion and updated monthly.
Legitimacy
The Imagine Credit Card is a legitimate credit card. However, its high fees and interest rates are significant drawbacks that can make it difficult to manage your balance effectively.
Alternatives
There are several alternatives to the Imagine Credit Card that offer lower fees and interest rates. For example, the Discover it Secured Credit Card also offers a cash-back rewards program and a free credit score, but with a lower annual fee and interest rate.
Conclusion
While the Card is a legitimate option that offers cash-back rewards and a free credit score, its high fees and interest rates can make it hard to pay off your balance. It’s worth looking into other credit cards with lower fees and interest rates before making a decision.
For more details visit imagine credit card website. And Also if you wanna read more reviews checkout our website.
FAQs
Q1: Is the Imagine Credit Card legit?
A1: Yes, the Imagine Credit Card is legitimate, but it comes with high fees and interest rates.
Q2: What are the cash-back rewards on the Imagine Credit Card?
A2: You earn 3% cash back on gas, groceries, and utility bill payments, and 1% cash back on all other eligible purchases.
Q3: How do I redeem my cash-back rewards on the Imagine Credit Card?
A3: Cash-back rewards are automatically redeemed as a statement credit once a year.
Q4: What is the interest rate on the Card?
A4: The interest rate ranges from 19.24% to 36%.
Q5: Is it a good option for individuals looking to build their credit?
A5: While it offers cash-back rewards and a free credit score, the high fees and interest rates can make it challenging to manage. It’s wise to compare other credit cards with lower fees and interest rates before deciding.