Destiny Mastercard is an unsecured credit card from First Electronic Bank, designed for people who want to establish or rebuild credit without a security deposit. You can use it anywhere Mastercard is accepted in the U.S.

The issuer reports account history to all three major credit bureaus: Equifax, Experian, and TransUnion. Because the Destiny card is unsecured, there’s no refundable deposit setting your credit line.

Instead, Destiny determines your initial credit limit after its own review. Approval depends on factors including your income, debts, ability to verify your identity, and other internal criteria—so it is not guaranteed.

The pricing disclosure shows a 35.9% APR for purchases and cash advances. The annual fee is $175 for the first year and $49 each following year.

There’s a monthly maintenance fee of $0 in the first year, increasing to $12.50 per month after that. These fees reduce your true available credit right from the start.

According to Destiny, a $700 initial credit limit would leave about $525 in available credit after setup and maintenance fees. Nearly a quarter of your initial limit can be consumed by fees before any purchase.

Destiny may fit people who want unsecured credit access and are focused on rebuilding bureau-reported payment history, rather than minimizing borrowing costs. No deposit required removes a key barrier.

Before applying, review the total yearly fees compared to what a secured card would cost for a similar credit limit.

Always check the latest APR, fee schedule, and available credit details on the official Destiny site before you apply, since terms may change over time.

You can apply online at destinycard.com. Destiny’s review considers your income, existing debt, ID verification, and other standards. Approval is not guaranteed and there’s no published minimum score.

Most approved applicants receive their card in about 14 business days. After arrival, activate your card and set up your online account. Balance transfers are not an option on new Destiny accounts.

The biggest benefit is deposit-free access to a credit card that reports to all three major bureaus.

For people unable to fund a security deposit or who do not want to tie up cash, Destiny removes that hurdle and still supports rebuilding credit through regular bureau reporting.

The main drawback is the continued, significant fee structure and high interest rate.

The combined annual fee, monthly maintenance fee from year two, and 35.9% APR mean carrying a balance is more expensive than with many secured alternatives.

If you are able to put down a deposit, a secured card is usually a more cost-effective long-term option.