The Destiny Mastercard is a credit card made for people who do not have a lot of credit history or have bad credit. The Destiny card starts everyone off with a $700 credit limit when they are approved.
You cannot ask for a higher credit limit on the Destiny card later on. The Destiny MasterCard limit limit stays at $700. This lower limit helps people with bad credit to start building good habits without getting into too much debt.
Why Is the Destiny Credit Card Limit Stuck at $700?
The Destiny card wants to help people with bad credit improve their situation. The set $700 limit helps make sure new cardholders start slow and learn how to use credit responsibly.
When people first get the card, they can start building credit by making small purchases and paying off the balance each month. Doing this shows the card company they can handle credit well.
After 6-12 months of on-time payments, Destiny cardholders can likely qualify for a normal unsecured card with higher limits. The fixed destiny Mastercard credit limit of $700 minimizes risk for the card company when lending to people with low credit scores.
Can I increase my Destiny Credit Card limit?
The credit limit on the Destiny Mastercard cannot be increased. The card is designed by the issuing bank to have a fixed credit limit of $700 for all cardholders.
Here are some key points about the Destiny Rewards MasterCard credit limit:
- The Destiny Card has a preset credit limit of $700 for all cardholders. This limit cannot be increased after account opening.
- The issuing bank intentionally designed the card this way to reduce lending risk when providing credit to applicants with poor/limited credit histories.
- The low limit also encourages responsible usage, preventing cardholders from getting into unmanageable debt.
- While you cannot get a CLI on this particular card, using it responsibly for 6-12 months can help boost your credit score.
- After establishing a pattern of on-time payments and low utilization, you may qualify for an unsecured card with more flexibility, higher limits, and the option to request increases.
- The Destiny Card is intended as a stepping stone to build/rebuild credit, not provide indefinite access to credit. Use it as a tool to demonstrate responsibility.
- Once you graduate with a traditional credit card, you can ask for periodic credit limit increases after making consistent on-time payments over several months.
Should You Get the Destiny Mastercard?
Even with the low $700 cap, the Destiny card can be very helpful for people who do not have other credit options. Using the card responsibly each month will improve your credit score within a year.
Read a detailed review about this credit card here.
