Recommendation Mastercard Destiny credit card
The Mastercard Destiny Credit Card is a great option for individuals with fair to bad credit looking to rebuild their financial standing. Offering the benefits of a Mastercard without requiring a security deposit, this card provides accessible credit management tools and reports to all three major credit bureaus.
By: Info Vision
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Everything you need to know about the Mastercard Destiny credit card
The Mastercard Destiny Credit Card is designed for individuals with fair to bad credit scores, offering an opportunity to rebuild or establish credit without the need for a security deposit. With an annual fee of $175 for the first year and $49 thereafter, the card provides various benefits, including 24/7 account access, even on mobile, and reporting to all three major credit bureaus. Additionally, it features a 35.9% APR on purchases, a 5% cash advance fee (minimum $5), and a 1% foreign transaction fee. The card also comes with a smart chip for added security.
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What are the fees associated with the Mastercard Destiny Credit Card?
The Mastercard Destiny Credit Card comes with a few fees to consider. There is no one-time fee to open the account, but there is an annual fee of $175 for the first year, which decreases to $49 in subsequent years. Additionally, there is no monthly fee for the first year, but a $12.50 monthly fee applies thereafter. The card has a 35.9% APR on purchases and cash advances, a 5% cash advance fee (minimum $5), and a 1% foreign transaction fee. The maximum late fee and overlimit fee are both $41.
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What credit score do I need to qualify for the Mastercard Destiny Credit Card?
The Mastercard Destiny Credit Card is designed for individuals with fair to bad credit. This makes it an excellent option for those looking to rebuild or establish their credit profile. Even if you have a prior bankruptcy, you can still qualify for this card. The card issuer looks beyond your credit score, considering your overall financial situation to approve your application.
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How can the Mastercard Destiny Credit Card help improve my credit score?
The Mastercard Destiny Credit Card can be a powerful tool for improving your credit score. Since it reports to all three major credit bureaus, responsible use of the card can positively impact your credit history. Make sure to pay your bills on time, keep your credit utilization low, and avoid maxing out your card. Over time, these good habits will be reflected in your credit report, helping to boost your score and open up more financial opportunities.
How to Increase Your Credit Limit with the Mastercard Destiny Credit Card
Increasing your credit limit with the Mastercard Destiny Credit Card is a straightforward process. Cardholders should demonstrate responsible credit behavior, such as making timely payments and maintaining a low balance. Regular reviews by the card issuer can lead to automatic credit limit increases. Additionally, you can request a credit limit increase by contacting customer service directly. Remember, a higher credit limit can positively impact your credit score by improving your credit utilization ratio.