Read our Unsecured Destiny Credit Card review and learn if it is a card you should consider applying for. We give you all the pros, cons, and facts about this creditcard that offers those with less than perfect credit or bad credit an opportunity to access a high-end credit product.
Getting your finances back on track after a rough patch can be hard.
A secured credit card is one option, but it requires you to pay a security deposit upfront – and who has that kind of money?
The Destiny Mastercard is designed for people with bad or fair credit. There’s no security deposit required, so you can start repairing your credit without breaking the bank. Plus, modest annual fees and manageable initial credit limits make it easy to stay within your budget.
The Destiny Mastercard could be a good option if you are looking for a new credit card or trying to rebuild your credit.
Keep reading our review to learn more about what this card has to offer and whether it’s the right choice for you.
•The Destiny Mastercard is a credit card issued by First Electronic Bank and serviced by Genesis FS Card Services, Inc.
• It has an annual fee of $59–$99 and a regular APR of 24.9% (variable).
• The Destiny Mastercard does not require a security deposit and has a 25-day grace period.
• It offers foreign transactions and cash advances with no cash advance transaction fees in the first year, but there is a 3% foreign transaction fee after that.
• The Destiny Mastercard also reports credit activity to all three bureaus; however, it has no balance transfer functionality or rewards program—making it less ideal for those who carry balances or frequently use their credit cards for purchases.
Pros & Cons
- No security deposit is required.
- Reports credit activity to all three bureaus.
- Offers foreign transactions with no cash advance fees in the first year.
- Even if your credit history is less than ideal, you are still eligible for a Credit Card!
- Your credit score will not be affected if you apply for a card after you’ve been prequalified.
- Accepted nationwide, wherever Mastercard is accepted
- The simple and fast application process
- High annual fee.
- No balance transfer functionality or rewards program.
- Foreign transaction fees
- Overlimit Fees.
Now, let’s take a closer look at some of the features of the Destiny Mastercard so you can decide if it’s the right credit card for you.
“Should you apply for a Destiny Credit Card?”
This section will discuss the key features of the Destiny Credit Card and how it helps those with bad credit.
Here are the benefits that make the Destiny Credit Card a good choice:
#1. No security deposit is required.
This is one of the main benefits of the Destiny Credit Card. A secured credit card may not be an option if you have bad credit because it requires a security deposit. With the Destiny Credit Card, you don’t need to worry about that.
#2. Reports credit activity to all three bureaus.
Another benefit of the Destiny Credit Card is that it reports credit activity to all three bureaus. This is important because it can help you rebuild your credit.
#3. Available to less-than-perfect credit history( fair or Bad)
If you’re looking for a new credit card but have less than perfect credit, you may wonder if the Destiny Mastercard is right for you.
The destiny Mastercard is a credit card designed for people with fair or bad credit, and even those with prior bankruptcies can qualify for the card.
So, if your credit score is less than perfect, you may still be able to get the Destiny Mastercard.
#4. The simple and fast application process
Destiny’s credit card application process is straightforward. You can apply online in just a few minutes, and if you’re approved, you’ll receive your new credit card within 7-10 business days.
To apply, you’ll need to provide personal information, such as your name, address, Social Security number, and date of birth. You’ll also need to provide some financial information, such as your annual income and monthly housing payment.
#5. Quick pre-qualification
The Destiny Credit Card may be a good option if you’re looking for a new credit card.
One of the benefits of this card is that it offers quick pre-qualification. This means that in just 60 seconds, you can find out whether you qualify for the card.
This can save you time and hassle, as you don’t have to go through a lengthy application process only to find out that you don’t qualify.
#6. No cash advance fees
The Destiny Credit Card greatly benefits those who need to take out cash advances. For the first year, there is no charge for this service.
After that period, you will be charged a fee of $5 or 5% of the transaction amount, whichever is greater. This card can save you a lot of money in fees if you need to use it for emergency expenses.
However, it is important to remember that interest will accrue on any outstanding balance from the date of the advance.
So it is still important to pay off your balance as soon as possible to avoid paying any more than necessary interest charges.
#7. Zero Fraud Liability protects you 100% against unauthorized charges
As a Destiny Mastercard holder, you’re not responsible for any unauthorized charges made with your card. So, if your card is lost or stolen, you can rest assured knowing that you won’t be held responsible for any fraudulent charges.
#8. Mastercard Global Service provides 24/7 assistance.
Destiny Mastercard comes with Mastercard Global Service, which provides 24/7 assistance for lost and stolen cards, emergency cash advances, and more. So, if you find yourself in a bind while travelling, you can rest assured knowing that you have someone to help you.
#9. Accepted worldwide
Destiny Mastercard can be used anywhere Mastercard is accepted, which means you can use it at millions of locations worldwide. So, whether you’re making a purchase online or in person, you can confidently use your Destiny Mastercard.
#10. ID Theft Protection: Destiny will monitor your credit report and alert you of any suspicious activity
Destiny mastercard® also offers ID Theft Protection, which monitors your credit report and alerts you of any suspicious activity. So, if someone tries to open a new account in your name, you’ll be alerted so you can take action to protect yourself.
#11. Discounted airport concierge services
If you frequently find yourself travelling for business or pleasure, then you know how important it is to have a good credit card that will work well for you.
Many card companies offer different perks and benefits, but one of the best benefits you can get is a discount on airport concierge services.
With the Destiny Credit Card, you can save 15% on these services, which can end up saving you a lot of money in the long run.
Now that we’ve looked at some of the key features of the Destiny Credit Card, let’s take a look at some Disadvantages:
Why should you not get the destiny® mastercard® Credit Card?
The Destiny Credit Card does have some negatives that should be considered before you decide to apply.
Here are some of the main ones:
#1. A high annual fee
Like other subprime unsecured credit cards, the Destiny Credit Card has a few disadvantages.
One of the biggest is the card’s annual fee. Depending on your eligibility, you’ll be charged an annual fee of $75 for the first year and a $99 annual fee after that.
While this is reasonable compared to other cards on the market, it’s still something to be aware of before you apply.
#2. Foreign transaction fee
Another disadvantage of the Destiny Credit Card is the card’s foreign transaction fee.
If you use your card to purchase a currency other than US dollars, you’ll be charged a fee of 1%.
However, if we compare the Destiny Credit Card to other cards on the market, its foreign transaction fee is quite reasonable.
Some cards charge as much as 3% for foreign transactions, so the Destiny Credit Card is a good option if you’re looking for a card that won’t penalize you for international purchases.
#3. No rewards program
The Destiny Credit Card doesn’t offer any rewards or cash back, which is a little down.
However, this is to be expected with a subprime unsecured credit card.
If you’re looking for a card that offers rewards, you’ll need to look elsewhere.
#4. High-interest rates
One of the biggest disadvantages of the Destiny Credit Card is its high-interest rates.
The card has a variable APR of 24.90%, significantly higher than most other cards on the market.
If you carry a balance on your card, you’ll pay a lot in interest charges.
#5. No balance transfers
Another disadvantage of the Destiny Credit Card is that it doesn’t allow balance transfers.
You’ll need to look elsewhere if you’re looking to transfer a balance from another credit card.
#6. You can not increase your Credit Limit
The Destiny Credit Card also has a disadvantage because you cannot increase your credit limit.
You’ll need to apply for a new credit card if you want to increase your spending limit. Most Credit Building Credit card companies will allow you to increase your credit limit after making your first five monthly payments on time.
Destiny Credit Card is not one of those companies.
Who is this card ideal for?
The Destiny Credit Card is ideal for people with bad credit who want to rebuild their credit. If you have bad credit, you may be able to get approved for the Destiny Credit Card.
The card can help you rebuild your credit to qualify for a better card.
Here are unique benefits:
- Get a credit card even if you have a troubled credit history
- Start rebuilding your credit history with this Mastercard
- No security deposit required
- Use your Destiny Credit Card for foreign purchases without any fees
- Pay your statement in full every month and avoid costly interest payments
The alternative of Unsecured Destiny Credit Card?
Destiny Mastercard Credit Card is ideal for people with bad credit who want to rebuild their credit. Destiny Credit Card can help you rebuild your credit to qualify for a better card.
However, Destiny does not offer a Credit Limit Increase. If you are looking for a Destiny Credit Card alternative with the ability to increase your credit limit, you can try the following credit card companies:
1. Milestone® Gold Mastercard
If you have bad credit, you may look for an alternative to traditional credit cards. The Milestone Gold Mastercard is one option that you may want to consider.
This card is unsecured, so you won’t have to put down a security deposit. Additionally, the Milestone Gold Mastercard reports your usage to all three major credit bureaus. This can be beneficial if you’re looking to build up your credit history.
However, there are some drawbacks to this card. One is that it has high-interest rates. Additionally, the annual fee for this card can be variable, which means that it could end up being quite high.
Overall, the Milestone Gold Mastercard is a decent option for people with bad credit, but it’s important to be aware of the potential downsides before you apply.
2. Prosper® Card
For consumers with fair credit, the Prosper® Card from Unsecured Destiny is a good option for building credit. Cardholders enrolled in autopay can avoid the $39 annual fee for the first year, making the card more affordable.
However, the Prosper® Card has a high APR, so carrying a balance from month to month will result in expensive interest charges. In addition, there are no rewards for purchases made with the card, so cardholders will not earn points, miles or cash back.
Despite these drawbacks, the Prosper® Card is a good choice for consumers who need to build their credit and are willing to use autopay to avoid the annual fee.
3. Credit One Bank® Platinum Visa® for Rebuilding Credit
The Credit One Bank Platinum Visa might be a good option if you’re looking for an alternative to the Unsecured Destiny Credit Card. This card offers 1% cash back on eligible purchases and is available to people with bad credit.
Additionally, the card includes automatic credit-line increase reviews and is one of the few unsecured cards available for individuals with bad credit.
However, there are some downsides to this card as well. First, it has an annual fee of $75 intro 1st yr, then $99 after. Additionally, the APR is quite high, and the credit limit is relatively low.
Finally, the card has confusing terms and conditions, and the application process can be filled with additional fees and restrictions.
Overall, this card is a decent option if you’re looking for an alternative to the Unsecured Destiny Credit Card, but it’s important to be aware of the potential drawbacks before you apply.
Read the detailed review Credit One Bank Platinum Visa to know more.
What Is the Credit Score Needed for the Destiny MasterCard Credit Card?
Even if you have bad credit, you may still be able to get a Destiny MasterCard Credit Card. Destiny doesn’t require a minimum credit score for approval, so even if your score is low, you may still be able to qualify.
However, remember that Destiny uses your credit history when determining whether or not to approve you for a card. If you have a history of late payments or defaulted loans, your chances of getting approved for a Destiny MasterCard Credit Card are lower. Destiny also looks at your income and employment history when making a decision.
Overall, no minimum credit score is needed to get approved for the Destiny MasterCard Credit Card, but Destiny does look at your entire credit history when making a decision.
Can you increase your credit limit with the Destiny Credit Card?
No, Destiny does not offer credit line increases on their credit cards. Destiny occasionally reviews your account and may increase your credit limit if they feel you are a responsible cardholder.
However, you cannot request a credit line increase from Destiny. This is one of the drawbacks of the Destiny Credit Card. If you need a higher credit limit, you may want to consider another card.
How to apply for the Destiny Credit Card
The Destiny Mastercard is a credit card designed for people looking to establish or rebuild their credit. If you’ve received an offer for the card in the mail, you can respond to it online.
Alternatively, you can do an online preapproval to see if you will likely be approved for the card. Either way, there’s no approval guarantee, but the application criteria are geared towards people with credit problems.
Here are the Destiny Mastercard’s eligibility requirements:
- You must be at least 18 years old.
- You must have a Social Security Number.
- You must have a U.S. mailing address.
- You must Have a US IP address.
- Other additional credit qualification criteria
If you’re looking for a Destiny credit card, chances are good that you have bad credit. Destiny is one of the few companies that offer credit cards to people with bad credit.
If you have questions about your Destiny credit card or account, you can contact customer service by phone or email.
- Contact customer service: (844) 222-5695
- FAX : 503-268-4711.
You can also write to Destiny:
Genesis FS Card Services
PO Box 4477
Beaverton, OR 97076-4477
How to cancel your Destiny credit card
If you decide that you no longer want your Destiny credit card, you can cancel your account by calling customer service or by sending a written request to Destiny.
If you have a balance on your Destiny credit card, you must pay it off before closing your account. Make all your payments on time and in full until your balance is paid in full.
Once your Destiny credit card is paid off, you can close your account by calling customer service or sending a written request to Destiny. Include your name, address, and account number in your request.
If you have any questions about cancelling your Destiny credit card, you can contact customer service for help.
Conclusion: Is Destiny a good credit card?
Destiny Credit Card Reviews 2022 | The Positives and the Negatives
The Destiny Mastercard® is a good credit card for people with bad credit. This card has some benefits, like no security deposit and 1% foreign currency charges, that make it a good option for people who are rebuilding their credit or need a credit card to use abroad.
However, the annual fee is high and has a steep APR, so this card may not be the best option for everyone.
Have you had experience with this credit card? Let me know in the comments below!
Other Relevant Questions you may want to know:-
Does destiny credit card give increases?
The Destiny Card issuer does not currently accept requests for credit limit increases. However, using the Destiny Card can help improve your credit score.
Over time, this will qualify you for cards with higher credit limits. The Destiny Card can help you build up your credit history and improve your credit score.
In turn, this will help you qualify for other cards with higher credit limits in the future. Destiny is not only a great way to get started with building credit, but it can also help you establish a solid foundation for your financial future.
Is the destiny credit card real?
Yes, Destiny is a real credit card issuer. Destiny offers credit cards to people with bad credit. Destiny is one of the few companies that offer credit cards to people with bad credit.
If you have questions about your Destiny credit card or account, you can contact customer service by phone or email.
How much is the destiny credit card limit?
The Destiny Mastercard®’s credit limit is $300. This is a good credit limit for people with bad credit because it’s high enough to make everyday purchases but low enough to help them avoid debt.
Does destiny’s credit card do a hard pull?
Destiny does a hard pull on your credit report when you apply for the Destiny Mastercard®. This will lower your credit score by a few points.
However, when you are pre-qualified for the Destiny Mastercard®, Destiny does a soft pull on your credit report. This will not lower your credit score.
Can you use Destiny credit card anywhere?
Yes, a Destiny credit cards can be used anywhere Mastercard is accepted. Mastercard is a global payment network that’s accepted at millions of locations around the world.
Can you withdraw cash from Destiny card?
With a Destiny Card, you can enjoy having cash on hand without carrying around a lot of physical money. If you find yourself in a situation where you need cash, you can withdraw money from your Destiny Card at any ATM or bank that displays the Mastercard logo.
You’ll need to have your physical card and a PIN to withdraw cash from an ATM. If you’re requesting a cash advance from a teller, you’ll need to present your credit card and a government-issued photo ID.
With a Destiny Card, you can rest assured that you have quick and easy access to cash when you need it most.
Is the Destiny Unsecured Mastercard application process time-consuming?
No, the Destiny Unsecured Mastercard application process is not time-consuming. The Destiny Unsecured Mastercard only requires a few minutes to complete.
Destiny will review your application and decide within a few days. You’ll receive your credit card in the mail within 7-10 business days if approved.
Do balance transfers come with an introductory APR offer on Destiny™ Mastercard®?
No, Destiny Mastercard doesn’t offer a 0% introductory APR on balance transfers. Destiny’s credit card is designed for people with bad credit, so it doesn’t offer the same perks and benefits as cards for people with good credit.
If you’re looking for a balance transfer credit card, you may want to consider a different card. Destiny Mastercard® is still a good option for people trying to build or rebuild their credit.