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The First National Bank of Omaha is located throughout Texas, South Dakota, Kansas, Iowa, Colorado, Illinois, and Nebraska. This bank prides itself on being loyal to customers and offers four different credit cards. Each of the First National Bank Credit Cards offers different advantages to consumers. In this review, we will take a look at each First National credit card to help you decide which of the four could be right for you.
Platinum Edition Visa Card
The Platinum Edition Visa Card from the First National Bank may be right for you if you want to carry a balance on your card. For the initial 15 billing cycle, you will get an introductory 0% APR on balance transfers. After the introductory period is over, there will be an APR between 11.74% and 19.74% (variable). The APR on the card depends on your creditworthiness. If you have great credit, you will be able to get low APR on the Platinum Edition Visa Card.
The low APR will help you when you carry a balance on your credit card as you will be charged less in interest. However, it is important to note that you can only qualify for this First National credit card if your credit score is good or excellent. You should pay attention to the card’s balance transfer fee. The introductory fee for transferring the balance during the initial 15 billing cycles is 3% per transfer. However, after the introductory period is over, you’ll be charged a 5% fee on balance transfer.
Secured Visa Card
If you are trying to rebuild your credit score, the First National Bank Secured Visa Card could be the right option for you. If you get approved for this secured credit card, you can set a credit limit of your own. This limit can depend on the amount you deposit on the card as collateral. Limits on the Secured Visa Card range between $300 and $5,000.
You may be able to increase your limit on the card in a period of seven months without even making another deposit if you use your credit card and make timely, regular payments. Since the First National Bank reports card activity to the three major bureaus, the Secured Visa Card can help you rebuild your credit.
It is important for you to note that the money deposited for this First National credit card does not earn interest. Moreover, you cannot draw the cash you have deposited to open your account. If you want to withdraw the money, you would have to close your credit card account. The good thing about the Secured Visa Card is that there is no annual fee on it.
Since your activity with this First National credit card is reported to the three main credit bureaus, it is critical that you always make payments on time. Doing this will help you improve your credit. However, if you are late in making payments, it would reflect negatively on your credit report and your credit situation will worsen. If you maintain a good payment history on your Secured Visa Card, you may get your deposit back in a period of 11 months.
Complete Rewards Visa Card
If you have an account with the First National Bank, then this First National credit card could be a good option for you as it may help you earn good rewards. With the Complete Rewards Visa Card, you get cash back of 1% on all purchases. If you redeem your rewards into your bank’s checking, mortgage or savings account, you will earn an additional 1%. What this means is that it is possible for you to earn 2% cash back on your purchases with the Complete Rewards Visa Card. If these rewards are put towards the mortgage, cash back on the card goes towards paying down the principal amount. For other options, the cash back is directly deposited into your designated account. One of the good things about this First National credit card is that it comes without an annual fee.
If you’re after a great sign-up bonus, then you should know that the Complete Rewards Visa Card doesn’t offer an impressive sign-up bonus. On your first purchases during the initial three billing cycles, you will earn rewards that can be redeemed for $25 in gift cards, travel, merchandise or cash back. If you redeem the bonus into your mortgage, checking or savings account, that bonus increases to $50.
If you want to maximize your rewards on the Complete Rewards Visa Card, you should have a savings, a college savings, a mortgage or a checking account with the First National Bank. Otherwise, you won’t get a major reward. There is a zero-percent introductory APR offer on purchases for initial 12 billing cycle on this First National credit card. Make sure to capitalize on this offer by making a big-ticket purchase like a laptop or TV. During the introductory period, there is a variable APR between 17.74% and 24.74%.
First National Bank American Express Card
The First National Bank American Express Card could be a good option for you if you’re looking for great statement credits. It offers 1.5 percent cash back on all purchases. Moreover, the rewards you earn on the card do not expire. If you spend a total of at least $500 in the initial 3 billing cycle, you get a $100 sign-up bonus. There is no annual fee on the First National Bank American Express Card while the APR is 20.74% (variable). Your cash back is credited to your statement whenever you earn a total of $25, so you have to wait to get the statement credit until you have earned $25. The balance transfer fee on this First National credit card is 5% (minimum $10) while the maximum late fee is $37.
One thing we don’t like about the First National Bank American Express Card is that there is no introductory APR. Other than that, it is a great credit card that can help you save a few bucks on your purchases.
Apply for a First National Credit Card
You can apply for any of the First National credit cards from their credit card page. Carefully read the summary of credit terms before applying for any of the credit cards.
Our Last Thoughts on First National Credit Cards
Each of the First National Bank credit cards is designed for different types of consumers. The one that may be right for you depends on what you’re looking for. If you want rewards and have an account with the First National bank, consider getting the Complete Rewards Visa Card. For carrying some balance on your credit card, the Platinum Visa Card would be best. If you want great statement credits, then the First National Bank American Express Card would be right for you. Last but not least, if you want to rebuild your credit, then consider getting the Secured Visa Card.
Keep in mind that there may be better credit card options for you, than those that are offered by First National Bank. Below we’ll show you our favorite alternatives.
The 3 Best Alternative Credit Cards to Consider
Maybe you can do better than this credit card. If you have good credit, you should consider a few other options that will give you better benefits. The credit cards below are a few of our favorites, especially if you’re interested in traveling more. A few of these cards have signup bonuses that are big enough to redeem for multiple round trip flights. My wife and I used our Chase Sapphire Preferred signup bonus to book round trip flights for the both of us to Hawaii! It was well worth researching and getting the best credit card.
|Cash Back Alternative||Cash Back Alternative||Travel Rewards Alternative|
|Chase Freedom||Chase Freedom Unlimited||Sapphire Preferred
|Signup Bonus||$150 (15,000 pts)||Earn 3X on all purchases in the first year (up to $20,000 in purchases)||60,000|
|Bonus Spending Categories||5X on select rotating quarterly categories||1.5X on all purchases (after year 1)||2X on travel and dining|
|Extra Perks||Baggage insurance, trip insurance, rental car insurance|
|Best for People Who...||Want no annual fee|
Also have a Sapphire card
Want to earn bonus points on spend
|Want no annual fee|
Also have a Sapphire card
Want simple 1.5 bonus
points on every purchase you make
|Want a large introductory bonus
Like to Travel
|Learn More >>||Learn More >>||Learn More >>|
Decision Time: Which Credit Card is Really the Best for You?
Here at Travel Freedom, we like to travel, which is why we always prefer travel credit cards for ourselves. You might be the same as us or maybe you’d rather use your points as cashback. Either way, all of these cards earn Ultimate Rewards that can be used for either travel or as cash back.
We think that any four of these cards are a better option than the above-reviewed credit card. They earn points that are both valuable and very versatile. You can redeem them for an assortment of things including our favorite, TRAVEL!