It is helpful to have a credit card if you are not using it beyond 30% of your credit limit. Keeping up with your credit card payments is also very important. However, it is possible that some people will not qualify for the majority of credit cards or won’t pay their high fees. Some cards can improve your credit score for those with bad or fair credit.
The card is serviced by Genesis FS Card Services, Inc. and issued by First Electronic Bank and FDIC. The card reports account history to the three major credit reporting agencies: Equifax, Experian, and TransUnion. These three credit bureaus collect information to establish your credit score. Therefore, proper use of the Destiny Credit Card can improve your score.
Features Of My Destiny Credit Card
No Initial Deposit: Cards for people with bad credit are usually guaranteed with an initial deposit, but this card does not require a deposit.
Quick Pre-Qualification: This card runs a quick pre-qualification check that takes just 60 seconds to let you know if you qualify.
Low Minimum Credit: You may qualify for this card with low to bad credit. Those who have filed for bankruptcy in the past may also be eligible.
Tri-Credit Bureau Reporting: This card sends reports to the three major credit bureaus, which helps build good credit if the card is used correctly.
No cash advance fee: This card does not charge a cash advance fee for the first year. After the period, you will be charged a fee of US$5 or 5% of the transaction amount, whichever is greater.
Credit Limit: The card offers a meager credit limit of $300. There are many other credit cards with higher credit limits.
Annual Fee: Depending on eligibility, Destiny Unsecured Mastercard charges a yearly fee of $75 for the first year and an annual fee of $99, or an ongoing annual fee of $59.
Attractive Offers: Benefits available to Destiny Mastercard cardholders include Mastercard Identity Theft Protection and Zero Liability Protection. First Progress Platinum Prestige Mastercard Guaranteed credit card benefits include purchase protection, extended warranty coverage, and collision damage waivers for rental cars.