If you have bad credit, getting a credit card can be challenging. If that’s the case, the Destiny Credit Card may be an option you should consider.
The Destiny Mastercard is an excellent card for people looking for ways to improve their credit scores. Unlike a secured card requiring a deposit, Destiny Mastercard is an unsecured credit card that reports to all three credit bureaus.
With the Destiny Mastercard, you can enjoy using your credit card just as you would with any other. You can buy online, pay bills, and more; however, the difference with this card is that your chance of approval is much higher, even if you’ve had a bankruptcy.
In this review, we will look at the Destiny Mastercard to see who this card is good for, Some things you should be aware of, and finally, if it’s worth it.
Destiny Credit Card Overview
With the Destiny Card, you can have peace of mind knowing that your credit won’t be graded on past performance. This means no more worrying about getting rejected for an application due to having bad credit from previous accounts.
The fee is affordable, and there’s plenty of room to grow, so this isn’t just a temporary fix either – it will help keep up with repairing any mistakes made along life’s journey as well.
It’s also an excellent card for young adults just starting. You need to know that this card isn’t all rainbows and butterflies. If you don’t keep your account in good standing, there are competitive fees, so read the fine print today to avoid any mishaps tomorrow.
Who is the Destiny Credit Card Good For?
The Destiny Mastercard is ideal for anyone who:
- Is rebuilding their credit and wants a solid, unsecured card that reports to all three bureaus.
- Has been turned down for a credit card due to a prior bankruptcy
- Doesn’t want the security deposit required by many secured cards.
- Wants to have peace of mind knowing their application will be pre-approved without affecting their credit score.
Destiny Credit Card Features
Modest Annual Fee
The fees aren’t as high as some cards, but you should know they can add up. The annual fee for this card is $59, which is pretty standard for a subprime credit cards, and there’s no interest if paid in full each month, but be aware that the APR is still fairly high – 24.9%.
Credit Limit
When you sign up, you’ll be given a starting credit limit of $300. While this may not seem like very much, it’s essential to keep in mind that this is an unsecured card whose purpose is to repair your low credit score and demonstrate good credit history. Destiny typically does’t offer credit line increases, so it’s imperative to ensure you spend within the $300 budget.
Reports to All Major Credit Bureau Agencies
A big reason why you may want this card is that it reports to all three major credit bureaus: TransUnion, Experian, and Equifax. This gives you the chance to build good credit by using the card responsibly and paying on time.
With a credit limit of $300, if you pay your entire balance every month, this will demonstrate your ability to manage your credit responsibly.
Use Your Destiny Credit Card Anywhere Mastercard is Accepted
Like any major credit card, you can use your Destiny Credit Card anywhere Mastercard is accepted. So whether you need to make an online purchase or buy groceries at the store, this credit card has you covered.
Just keep in mind your credit card limit is only $300, so keep track of your spending. You don’t want your card to be declined when you are out to dinner!
Pre-Qualifying Without Impacting Your Credit Score
One of the main perks of this credit card is that you will be pre-qualified without impacting your credit score. What does this mean?
When banks and other lenders look at your credit score, they see every application you’ve ever made for a line of credit – even if it was denied or because you never used the account.
This can cause your score to go down because they don’t like the fact that you applied for credit.
The Destiny Credit Card offers a great alternative as you will be able to see if you’re pre-qualified without affecting your credit score.
No Monthly Maintenance Fees
Destiny Credit Card will not charge you a monthly fee or application fee. This means that you won’t have to worry about paying on an account that will accumulate interest if not paid in full each month.
This can be helpful when it comes to budgeting month-to-month because you don’t have to worry about any extra charges – your card will never be declined!
Zero Liability Protection
Destiny Credit Card offers Zero Liability Protection. This means you will never be held responsible for any unauthorized purchases made on your card if it’s ever lost or stolen.
If you notice fraudulent activity, report it immediately and Destiny’s Credit Card will refund you the money spent if there are any unauthorized transactions.
Rates & Fees
| Regular Purchase APR | 24.9% |
| Cash Advances APR | 29.9% |
| Cash Advance Transaction Fee | 0% the First Year |
| Penalty APR | 29.9% |
| Annual fee | $59 to $99 |
| Foreign Transaction Fee | 1% |
| Late Payment Fee | Up to $40 |
| Return Payment Penalty Fee | Up to $40 |
| Over Limit Penalty Fee | Up to $40 |
Destiny Credit Card Pros and Cons
Pros:
- Great for those that have bad credit and want to rebuild
- Reports to all three major bureaus so this card provides an accurate, unsecured line of credit to those with no or poor credit
- It can be used anywhere Mastercard is accepted
- No monthly maintenance fees
Cons:
- Because this is an unsecured card, the credit line is $300 and do not offer a higher credit limit
- The Destiny Credit Card has no rewards program
- High Interest Rate
Is the Destiny Credit Card Worth It?
Yes, the Destiny credit card is worth it if you’re rebuilding your credit and want a step up from a secured card. If you have been turned down for other cards due to bankruptcy or have imperfect credit, then the Destiny Credit Card could be a great fit for you! Since this card also reports to all three major bureaus – TransUnion, Experian, and Equifax – you won’t have any problems with this card.
That said, the Destiny credit card isn’t for everyone because of the high APR, but it’s perfect if you know how to manage your credit cards responsibly. With a $59 annual fee after the first year, make sure you’re paying this off in full each month.
Just keep in mind, if you want to be able to use this card for emergencies, make sure you have cash on hand or another credit card for those instances. Use your Destiny Credit Card responsibly, and it will work out great!
Destiny Credit Card FAQ
How Can I apply for the Destiny credit card?
You can apply for the Destiny Credit Card by clicking here. Make sure to have your personal information ready, including your date of birth and social security number!
What does it mean if my credit limit is $300?
If your credit limit is $300, this means you’ll have a lower line of credit and won’t be able to spend as much money. If you need more credit for an emergency, make sure to keep track of your spending and pay off your bill in full for your monthly payment.
How long does it take to get approved?
Once your application is submitted, it takes a few minutes for a decision. If your application is approved, you’ll receive an email immediately.
Will I get approved for the Destiny Credit Card if I have had a bankruptcy?
While there is no guarantee, you may get approved for a Destiny credit card even with a bankruptcy on your credit report. The purpose of this credit card is to help those with no or bad credit build their credit back up.
Does my credit score go down if I apply for a Destiny Credit Card?
Unfortunately, the answer is yes simply because you’re applying for a credit card and they will be a hard pull. However, the pre-approval process will not impact your credit.
What does it mean if there’s an annual fee?
If your account has an annual fee, this means you’ll have to pay $59 after the first year. This fee varies depending on the card you’re approved for so make sure to ask about that during your application process.
How Do I Contact Destiny Customer Service?
You can contact them by signing in to your online banking account or by phone by dialing (844) 222-5695.
Wrapping It Up
Destiny MasterCard credit card can help rebuild your credit and get you back on the right track. As long as you use this card responsibly, keep it paid off in full each month, and avoid debt of any kind, then the Destiny Mastercard will work for you!
However, if you want more rewards or don’t like paying an annual fee, then this may not be the best credit card as other credit card companies can offer these, but may require a higher credit score.
While there are limitations to this card, if you’re trying to fix your bad credit, there might not be a lot of attractive options available. However, if you are looking for an unsecured card, this may be the best card to consider during your credit repair journey.
