The Best Egg Credit Card is a traditional Visa card issued by First Bank & Trust. If you have a low credit score just above 600, then the Best Egg card may be a good option.

Two ways to apply

There are two ways to apply for Best Egg Credit Card. First is to request prequalification. You file forms just like a regular application, but it doesn’t make hard inquiry. Instead First Bank and Trust tell you if you have a high approval odds. Bank should send you a personal offer code that you can use to apply. This way you have a high chance of being approved. Second way is to use a personal offer code from regular mail that you receive in your mailbox.

Intro APR

The key benefit of Best Egg Credit Card is its 0% intro APR for the first 6 months. In my opinion the intro period is too short. If you really want intro APR you may be better off using some credit card with 12 or even 18 months intro APR.

After these 6 months you’ll get a regular APR as high as 17% and maybe even higher.

1% cashback

Sometimes the Best Egg offers 1% rewards on all qualifying purchases. This is not guaranteed, however.

It is good for travelers

Best Egg has no foreign transaction fee. It means if you use the credit card abroad to buy something in currency other than US dollars, there is no fee. Many other credit cards charge 3% international transaction fee.

Credit utilization

If you use all your credit limits it is ok. There is no penalty when you exceed your credit limit. However, high credit utilization is going to drop your credit score. The good thing is that as soon as you lower credit utilization your credit score should go up.

Don’t be late!

Late payment or returned payment will cost you $39. Most often the late payment fee exceeds the minimum payment, so I would encourage you to set up auto payment for the credit card. The late payment has one more consequence, it terminates your intro APR.

Summary

Best egg credit card is a fine choice for those who transition from a bad credit score to an average one.