The n0w Credit Card from Community First is all about putting you in control. Its biggest highlight is the customisable credit limit of up to $3000 with no interest.
You can choose between 3 different limits, each with a small monthly fee that suits the level you pick.
Plus, there’s no interest on purchases or cash advances (just a low fee applies).
And here’s an extra sweetener: there are no minimum spend requirements. If you don’t use the card that month, you won’t have to worry about paying any fees.
It’s also handy when you need cash on the spot, as it comes with a convenient cash withdrawal feature.
N0w Credit Card Benefits
- Low Monthly Fee: Unlike traditional credit cards, n0w offers a low monthly fee based on the credit limit you choose, starting from $9.
- No Interest: No need to stress about high interest charges that usually come with credit cards – key transactions won’t rack up extra costs.
- No monthly fee if you don’t use it: Not a big spender? No worries! If your spending balance is $0 for a given month, you won’t get hit with the monthly fee.
- Cash Withdrawals: n0w lets you take out cash whenever needed, giving you quick access to funds.
- Mobile Payments: Compatible with Apple Pay, Google Pay, and Samsung Pay for fast and secure payments straight from your phone.
- Full Management via the App: The mobile banking app gives you everything you need to view your balance and spending in real-time.
Flexible Limit
Here’s how you can pick your own credit limit:
The n0w Credit Card is perfect for those who want to have control over their own financial decisions.
You can choose between 3 credit limits when applying, each with a different monthly fee, but all competitively priced for a card that offers this much flexibility.
- $1,000 limit for a $9 monthly fee
- $2,000 limit for a $14 monthly fee
- $3,000 limit for a $19 monthly fee
N0w Credit Card Security
When it comes to credit cards, security is key, and the n0w card from Community First Bank has you covered.
- Visa Secure & eftpos Secure: These technologies make sure your transactions are safe, whether you’re shopping online or in-store.
- Fraud Prevention Service: The n0w Credit Card offers a free service that protects your online purchases. This means you can shop with confidence, knowing your financial security is in safe hands.
Possible Downsides
Since this is a low-fee, simpler card, it’s often picked by people applying for their first credit card.
So, if you’re not familiar with managing credit usage, it might be easy to slip into inefficient spending habits.
While it does offer lower fees, the flexibility could lead to unnecessary spending if you don’t keep an eye on things.
The good news is that the app helps with this – make the most of it to track your spending and avoid missing any payment dates.
Doing this will show that you’re responsible with your credit, and over time, it’ll help build a solid credit rating.
Main Fees
- Monthly Fee: Variable, or waived if your balance is $0 and you don’t use your card that month.
- Late Payment Penalties: $0
- Annual Fee: $0
- Cash Advance Fee: If you need to withdraw cash, there’s no interest, just a low fee of $3.
- Overseas Cash Advance Fee: $5
- International Conversion Fee: 3%
Conclusion: Is the n0w Credit Card Worth Applying For?
The n0w Credit Card from Community First Bank offers a range of benefits that make it an appealing choice for consumers looking for a practical card without the hefty costs.
With flexible limits, low monthly fees, and no annual fee, it’s a solid option if you’re prioritising savings.
However, it’s important to keep in mind that responsible use of the card is essential.
If you’re after a card that provides convenience and security, the n0w card will be a great partner for your everyday purchases and expenses.