Destiny Mastercard® review: is it worth it?
Destiny Mastercard® will give you a $700 credit limit with no security deposit required. Is that what you are looking for? If so, read this article to learn more about this card.
Destiny Mastercard®: the card you need to build your credit with confidence
Is the Destiny Mastercard® right for you? That’s a question only you can answer, but we’re here to help make the decision easier.
In this article, we’ll go over the pros and cons of getting a Destiny Mastercard®, so that you can weigh them and make an informed decision.
We’ll also give you tips on improving your credit score so that you may be eligible for a better card in the future.
If you’re interested in this information, please, keep reading.
|Credit Score||Poor to Good.|
|Annual Fee||See terms.|
|Regular APR||See terms.|
|Welcome bonus||No welcome bonus is offered.|
|Rewards||No rewards program.|
If you are facing a challenging financial situation and have a low score, know that you are not alone. According to a consumer credit review by Experian, 16% of North Americans have a bad credit score, and 18% have a fair credit score. We know this can make accessing a credit card or loan difficult.
But how to build credit without credit? Some financial institutions have cards specifically for these cases to solve this issue. The Destiny Mastercard® is one of these options.
Concora Credit Inc. issues the Destiny Mastercard®. Your application will be considered even if you have a bad credit score. But some factors will affect the card offer. So, the annual fee is $175 for the first year and $49 thereafter.
The card doesn’t offer any reward program or welcome bonus. The focus is just on the credit line. Pay attention to late payments, or you’ll pay a high fee for it.
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Destiny Mastercard®: should you get one?
If you’re on a low score, you probably don’t have many options. While Destiny doesn’t offer many benefits, it can be a gateway. Use it for a few months until you can apply for a card with more benefits and lower fees.
Check out some pros and cons to help you decide:
- Every credit score is accepted for application (but not everyone will get approved)
- Start with a $700 credit limit
- Do not require a security deposit.
- Help to build your credit score by reporting your credit history to all three major credit bureaus.
- Have an annual fee, and it is deducted from your credit limit in the first month.
- $175 the first year; $49 thereafter
- High late payment fee of up to $41.
Credit scores required
Destiny is targeted toward people with a not-so-good credit score. So you don’t have to worry if you have a bad or fair score. You can apply and you might be approved.
When you receive your card, make responsible use with no late payments to build a strong and healthy credit score. Keep a low rate between your credit limit and how much of it you’re using. A good way to do it is constantly paying your credit card bill.
In the future, you can apply for a better credit card with reward programs and other benefits.
Destiny Mastercard® application: how to do?
Applying for the Destiny Mastercard® is easy, and you can do it online. We’ll tell you more about the application process in the following content.
About the author / Julia Bermudez
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