Credit card
Destiny Mastercard® Review: Is it worth it?
Considering the Destiny Mastercard®? Dive into our detailed analysis to understand its features, fees, and eligibility requirements before you apply.
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Understanding the Destiny Mastercard®: A Closer Look
Whether you’re considering applying for your first credit card or seeking to rebuild your credit profile, this guide to the Destiny Mastercard® is here to assist you.
Below, you’ll discover this card’s main features and how it aims to help clients recover their credit history.
| CARD’S FEATURES SUMMED UP: |
| Credit Score required: No credit score required. |
| Card’s APR: From around 26.99% to 35.99%. |
| Fees: Annual fee, typically ranging from $175 in the first year to $49 in subsequent years; Monthly Fee after the first year, which can go up to $12.50 per month; |
| Rewards: No rewards. |
But what exactly does the Destiny Mastercard® offer? Let’s delve deeper into its features and benefits to find out.
Join us as we uncover the ups and downs of the Destiny Mastercard® and provide you with the insights you need to embark on your credit-building journey with confidence.
Destiny Mastercard®: what’s about this card?
The Destiny Mastercard® positions itself as a solution for individuals with less-than-perfect credit scores or a history of financial challenges.
At its core, Destiny Mastercard® is primarily marketed as a credit-building credit card.
It is designed for individuals with poor credit histories or even past bankruptcies, it aims to provide a pathway towards rebuilding credit health.
Unlike some other credit cards in the market that offer travel rewards or cash back, the Destiny Mastercard® does not fall into either of these categories.
This card doesn’t provide perks like airline miles, points, or cash back on purchases. Instead, it focuses solely on helping individuals establish or rebuild their credit profiles.
The ups and downs: Destiny Mastercard® pros and cons
Enjoying a credit card that doesn’t require perfect credit scores may seem tempting, but, as with any other credit card, Destiny Mastercard® also has its downsides.
Check out below the benefits and disadvantages of this service to weigh it out before deciding to apply for a card.
Ups:
- ⬆️ Credit Rebuilding: The Destiny Mastercard® aims to provide its services for individuals with less-than-perfect credit scores or a history of financial challenges. This way, this card provides an opportunity to rebuild credit by reporting to major credit bureaus.
- ⬆️ Accessibility: It’s relatively easy to qualify for the Destiny Mastercard®, even with poor credit histories or past bankruptcies. Additionally, it’s an unsecured card, meaning there’s no need for a security deposit.
- ⬆️ Credit Bureau Reporting: The card reports to all three major credit bureaus—Equifax, Experian, and TransUnion. This helps improve credit scores with responsible use.
- ⬆️ Identity Theft Protection: It includes Mastercard® ID Theft Protection, providing monitoring and safeguarding against identity theft.
- ⬆️ Zero Liability Protection: Cardholders are not held responsible for unauthorized charges, offering peace of mind against fraud.
- ⬆️ Autopay: Set up autopay online to avoid late or missed payments, aiding in maintaining a positive payment history.
Downs:
- ⬇️ High Fees: The Destiny Mastercard® comes with high fees, including a significant annual fee and monthly fees after the first year. These fees can significantly impact the card ownership costs.
- ⬇️ High APR: The card features a high annual percentage rate (APR), making it costly for cardholders who carry a balance from month to month.
- ⬇️ Low Credit Limits: Initial credit limits are relatively low, and the annual fee is deducted from the credit limit, further limiting available credit.
- ⬇️ No Rewards: Unlike some other credit cards, the Destiny Mastercard® does not offer rewards such as cash back or points on purchases.
- ⬇️ Overlimit and Other Fees: Cardholders may incur overlimit fees, returned payment fees, and foreign transaction fees, adding to the overall cost of ownership.
- ⬇️ Limited Perks: Compared to other credit cards, the Destiny Mastercard® offers limited additional benefits, focusing primarily on credit building rather than rewards or perks.
Are you eligible? Requirements to apply for the Destiny Mastercard®
The Destiny Mastercard® could be the solution you’ve been searching for if you’re interested in rebuilding your credit.
But before you apply, it’s important to understand the requirements to ensure you meet the eligibility criteria:
- Age: You must be at least 18 years old to apply for the Destiny Mastercard®.
- Social Security Number: Applicants need to have a valid Social Security Number.
- Residency: You must have a physical address in the United States to apply for the Destiny Mastercard®.
- Credit History: While the Destiny Mastercard® is designed for individuals with poor credit histories or past bankruptcies, there may still be certain credit requirements. However, all credit histories are considered, so don’t let past financial challenges discourage you from applying.
- No Prior Charge-Off: Applicants should not have had a Destiny Mastercard® charged off in the past.
The final step: Learn how to apply for the Destiny Mastercard® with confidence!
If you’re considering applying for the Destiny Mastercard® to rebuild your credit, we’ve prepared a step-by-step guide to help you navigate the application process:
Research
Before applying, take the time to research and understand the features, benefits, and terms of the Destiny Mastercard®.
Additionally, delve into your finances and habits to ensure this card aligns with your credit rebuilding goals and financial situation.
We’ve detailed all the requirements above to assist you in determining your eligibility.
Remember, having less-than-perfect credit or a history of financial challenges may not disqualify you from being approved.
Apply
Now that you’ve completed your homework and are confident about applying for the Destiny Mastercard®, visit the official website or download the app if available.
Both platforms should provide clear instructions on how to proceed with the application.
Simply locate the section for applying for the Destiny Mastercard® and provide the requested personal information, such as your name, address, contact and financial details.
Review
When initiating your application process, carefully review the terms and conditions of the Destiny Mastercard®.
Pay close attention to details such as fees, APR, and any penalties that may apply.
Submit Your Application
Once you’ve reviewed all the necessary information and are satisfied, submit your application through the website or app.
After submission, the card issuer will review your application to determine your eligibility. This process may take a few days to a few weeks, so be patient.
But what about other options? Check the Freedom Gold Card review
Keeping an eye on other credit card options is a good habit to increase your financial accountability.
For this reason, we have prepared a detailed guide to the Freedom Gold Card. Check out what this card has to offer and understand if it suits your needs:
| Destiny Mastercard® | Freedom Gold Card |
| Tailored for individuals with less-than-perfect credit scores or those with a history of financial challenges. | The Freedom Gold Card also doesn’t require any specific score for approval as it aims to assist its clients with financial challenges. |
| Annual fee, monthly fee, which can be up to $12.50 per month, late payment fee, returned payment fee, overlimit fee, and foreign transaction fee. | It does not have an APR. However, you must pay your balance in full every month. |
| Monthly fee of $14.77. It may require an activation fee. | Monthly fee of $14.77. May require an activation fee. |
| No rewards. | No rewards. |
Interested in learning more details about the Freedom Gold Card? In the article below, you can check a thorough review of this card and its perks.
Freedom Gold Credit Card Review
You need the support of the Freedom Gold Credit Card in tough times. Regain your purchasing power on an incredible shopping site!
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