Genesis Financial Solutions Card Services provides credit cards to people who have limited or poor credit. Their services are for those who might not get approved for better rates because of their credit history. You can check if you qualify for Genesis FS credit cards without affecting your credit score. This helps you know what you can get and the rules that come with it.
The company lets you choose how your card looks, and they share your payment information with all three credit bureaus. Thus, raising your credit score and showing how responsible you are with your activities. This will help build your creditworthiness when you wish to apply for another credit card.
Furthermore, the credit card can be used anywhere Mastercard is accepted or only at specific stores. However, this is dependent on the type of Genesis card you have. Genesis offers different kinds of credit cards, including ones linked to stores like The Home Depot or Mattress Firm. There are four versions: personal and business store cards, and personal and business Mastercards. In this post, we will be discussing everything you need to know about the Genesis FS card services, so make sure to read to the end.
About Genesis Credit
Genesis established the Genesis Credit brand following the 2008 recession, a time when many individuals experienced a negative impact on their credit due to reasons beyond their control, such as health issues or job loss. Genesis Credit strongly believes that “no one should be turned down for financing solely based on a FICO score.”
When your credit isn’t in the best condition, most credit card choices may be secured cards, demanding a security deposit during application. However, Genesis Financial Solutions stands out by providing unsecured options. It’s essential to note that these options come with relatively high annual fees. Despite this, Genesis strives to provide opportunities for those facing credit challenges to access financing without being solely judged by their FICO score.
Pros and Cons of using the Genesis FS Card Services
Pros;
- Accessible for Poor Credit: Genesis FS Card Services caters to individuals with limited or poor credit, providing them with a potential avenue for obtaining a credit card.
- Pre-Qualification: You can check your eligibility for Genesis credit cards without impacting your credit score. This helps you understand what you qualify for and the associated terms.
- Tailored Card Design: Genesis offers the flexibility to customize the design of your card, allowing a personal touch.
- Credit Reporting: Genesis shares payment data with all three major credit bureaus, which can positively impact your credit score if you use the card responsibly.
- Various Card Types: Genesis provides different types of credit cards, including store cards tied to specific retailers and personal/business Mastercards, offering options to suit different needs.
Cons
- High Annual Fees: All Genesis credit card options come with relatively high annual fees, which could be a financial drawback for some users.
- Limited Acceptance: Depending on the type of Genesis card you have, you may be restricted to using it only at specific retailers or everywhere Mastercard is accepted.
- Unsecured Options with Fees: While Genesis offers unsecured credit options, the associated annual fees may be seen as a downside.
- Post-Recession Origin: Genesis Credit was formed in response to the 2008 recession, which might raise concerns about its stability and how it operates in the financial market.
- Not Prime Lender Qualification: Genesis Credit extends second-look financing for those who don’t meet prime lenders’ requirements, indicating potentially higher interest rates or less favorable terms.
- It’s crucial to carefully weigh these pros and cons based on your financial situation and preferences before deciding to use Genesis FS Card Services.
Genesis FS Card Services Payment
You can make payment for your Genesis credit card online, through money gram, through your phone, or by mail.
- Online: To pay the Genesis credit card bill online, you need to log in to your account and locate the Bill Pay section that is near the top of the page. You will have to provide the bank account to pay with, alongside the amount and date you made the payment.
- Through phone: You can also pay your Genesis card through the phone by calling them directly. You will have to enter your full credit card number and follow the procedures to make a payment.
- Via MoneyGram: To pay via MoneyGram, you will first log in to your online account or find the nearest MoneyGram location. Then, use Genesis FS Card Services as the company name. You will also require the Received Code, which will be sent to you.
- Through the mail: To send a Genesis credit card payment through the mail, send your check or money order (with the statement’s payment coupon and the account number written on the payment)
Those are some of the payment methods you need to know about.
How to Apply for Genesis FS Credit Card Services
- Go to https://about.concoracredit.com/
- Click on Consumer Solution.
- Next, select the card option that you want to apply for.
- Follow the online instructions to finish your application.
How to Register Card Account
Getting registered to the Genesis FS Card Services Card is quite an easy process. Follow the instructions given below, as you will need to complete the required information to register your account;
- First, you will need to visit the Genesis FS Card Services Card registration website
- You will be asked if you have your 16-digit card number; if yes or no, indicate by clicking on the option that will be provided
- You will be required to enter your last name in the space provided
- Next is your Zip Code
- Then, you will fill in your date of birth
- Next is your Social Security Number
- Then scroll below and click on Continue next step
Thereafter, follow the on-screen instructions accordingly to successfully register your account.
How to Login
To log in to your Genesis FS card services means you are already registered. Well, in that case, logging in is quite simple. Follow the steps provided below;
- First off, turn on your internet connection, then go to the official login page of Genesis FS Card Services.
- You will be directed to a new page where you will have to fill the empty spaces with your information.
- On the space provided for username, enter the username you used in registering.
- Fill in the space for the password; make sure it’s the correct password.
Then, on the highlighted space below that shows log in, click on it to be taken to your account.
Reset Password
If you have lost or forgotten your password and looking for how to reset it, follow these steps;
- Still on the official login page
- Scroll down and click below on the option forgot username or password
- You will be provided with a space to fill in your username
- Then, in the next stage, you will be required to enter the last four digits of your card
- Next, fill in your date of birth
- Then, you will be required to enter your Social Security Number (SSN)
- Finally, after you might have to fill in all the required details, click below on reset password.
New password info will be directed to the email address on your account.
Conclusion
Genesis FS Card Services could be helpful if you’re dealing with credit challenges. They offer credit cards even if your credit isn’t great, and you can check if you qualify without affecting your credit score. You get to pick how your card looks, and they share your payment info with credit bureaus, which might improve your credit score. However, it’s important to know that their cards come with high yearly fees. Consider your needs and weigh the advantages and disadvantages before deciding if Genesis FS Card Services is the right choice for you.
Frequently Asked Questions
What is the Genesis FS Card used for?
The Genesis FS Card is used as a credit card, primarily aimed at individuals with limited or poor credit history.
Can a Genesis Card be Used Anywhere?
The usability of a Genesis card depends on the specific type of card. Some Genesis cards can be used anywhere Mastercard is accepted, while others may be restricted to specific retailers.
What Bank Does Genesis Credit Use?
Genesis Credit uses First Electronic Bank to issue its credit cards.
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