According to the various initial reviews of the First Digital Next-Gen Credit Card, the application process is quite simple. Experts and credit card owners are of the opinion that it is one of the easiest to apply for right now in the market. It does have a few features and drawbacks just like the Regions Secured Credit Card and several other financial instruments that help you re-establish your credit score.
The First Digital NextGen credit card is available to only US residents that are of the age of 18 and above. As an applicant, you will be required to submit the following information to the bank:
•Your full name
•Residential address and status
•Your current phone number
•Your functional email address
•Your social security number
•Date of birth
•Details of your income
•Details of your employment
Other than this, there is going to be a credit check on your application but the overall approval requirements are very low as compared to other prime credit cards available in the market with similar features.
Talking about the features and drawbacks of the First Digital Next-Gen Credit Card, we can easily say the following:
• It is ideal for you if you have a less than perfect credit rating
• There is no security deposit required to apply for this credit card
• An initial credit enquiry will be made into your credit history / reports
• You can easily increase your credit limit / credit line after 12 months of use which is still going to be subject to a nominal fee
• Use is only restricted to the US and therefore this is also counted as one of the drawbacks of this credit card
Now coming to the various opinions and suggestions regarding the Regions Security Credit Card taken from random card holders
The biggest advantages of this credit card are:
• There are no point limits
• You also don't have to deal with any blackout dates
• The points can be redeemed for travel gift cards and even cash or merchandise of your preference
A few noticeable disadvantages of the Regions Secured Credit Card are:
• Your rewards will expire after 36 months if you do not use them on time
• There is a minimum requirement of at least 1600 points if you want to redeem any rewards at all
• With regards to travel points, you should at least have 25,000 points if you want to redeem any of them
• If we talk about transferring your reward points to any other loyalty program, this feature is not available
So there you have it. Both these credit cards have their advantages and disadvantages. Depending upon the reward points that you get and the ease with which they allow you to fix your credit score, you should be able to make this decision quite easily.
