Tarjetas de crédito
Reseña de la tarjeta Mastercard Destiny: Un salvavidas para quienes tienen un historial crediticio bajo
The Destiny Mastercard offers a $300 credit limit without a security deposit. Learn more about its benefits and if it's the right card for you.
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Low credit? Discover Destiny Mastercard today and get a $700 credit limit
Hey there, Money Best reader! Today, we’re diving into the Destiny credit card. If your credit score isn’t shining bright, you might wonder if this card is a diamond in the rough.
We’ve got the scoop to help you decide. Keep reading to discover all about the costs, interest rates, fees, and perks (or lack thereof) of the Destiny card.
Feature | Details |
Credit Score | Poor/Fair |
Annual Fee | $59 – $99, depending on your application offer. |
Regular APR | 35.9% Regular APR |
Welcome Bonus | Nope, no welcome bonus here. |
Recompensas | No rewards program either. |
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Destiny: Is It Good? Key features and Benefits
If your credit score isn’t stellar, Destiny could be your new BFF because it’s more lenient with approvals.
Plus, it helps you build a good credit score with responsible use, offers a $700 credit limit without needing a security deposit, and allows you to choose your card design.
Additionally, the application process is straightforward, and you can pre-qualify without affecting your credit score.
It’s perfect for those starting their credit journey, as it reports to all three major credit bureaus, helping you improve your credit history over time.
However, let’s be real: Destiny isn’t winning any best-card awards. No rewards, no welcome bonus, and a high annual fee compared to other cards.
Ouch! The APR and late payment fees are pretty steep too.
Should You Apply for a Destiny?
If your credit score is giving you grief, Destiny might just be your knight in shining armor. It’s designed to help those with low credit scores get back on track. Here are the pros and cons to mull over:
Pros
- Accepts All Credit Scores: Whether your credit score is poor or fair, you can still apply and potentially get approved.
- $700 Credit Limit: You start with a $700 credit limit without needing a security deposit, which is a huge plus.
- Choose Your Card Design: Personalize your card with a design of your choice. Fancy, right?
- Build Credit: Making timely payments can help build a good credit score, as Destiny reports to all three major credit bureaus.
- Simple Application Process: The online application process is straightforward, and you can pre-qualify without impacting your credit score.
- Credit Reporting: Helps you improve your credit history by reporting to all three major credit bureaus, making it easier to track your progress.
Cons
- Annual Fee: The annual fee, ranging from $59 to $99, is deducted from your initial credit limit,
- Approval Isn’t Guaranteed: Despite accepting low credit scores, there’s still a chance you might not get approved.
- Late Payment Fee: If you delay a payment, prepare to face a $40 fee, adding to your financial burdens.
- High APR: The regular APR of 35.9% is quite high, making it expensive to carry a balance.
By weighing these pros and cons, you can make a more informed decision on whether the Destiny Mastercard is the right choice for your financial needs.
Credit Score Required for Application
Destiny doesn’t discriminate against lower credit scores. You can apply and potentially get a line of credit to help boost your score.
Just remember, high interest rates come with the territory, so stay on top of payments to avoid debt traps.
Destiny Mastercard: How do I apply for this card?
After this review, are you ready to give Destiny a whirl? Applying is a breeze, and it’s all online. Pre-qualify to see what offers are available to you without impacting your credit score.
Apply Online
Got an internet connection and a device? Great, that’s all you need! Head over to the Destiny website.
The site is straightforward, with an FAQ section for any lingering questions. Pre-qualify by entering your details like full name, contact info, address, and social security number.
Once you submit, you’ll get an email with your offer and can proceed from there.
Apply Using the App
Heads up: the only way to apply for a Destiny card is via their website. No app options here.
Of course, after receiving your beloved Destiny card, you will have access to a mobile app to manage your account. We are in 2024, after all!
Destiny Credit Card vs. Wells Fargo Active Cash Credit Card
Let’s compare: If you have a decent credit score, Wells Fargo Active Cash might be more your style.
With cashback rewards and no annual fee, it offers a lot more bang for your buck. Here’s a side-by-side look:
Feature | Destiny Card | Wells Fargo Active Cash Card |
Credit Score | Poor/Fair | Good/Excellent |
Annual Fee | $59 – $99, depending on the offer | $0 |
Regular APR | 35.9% Regular APR | 0% introductory APR for 15 months; after that, 14.99%, 19.99%, or 24.99%, based on your creditworthiness. |
Welcome Bonus | No welcome bonus | $200 cash bonus after spending $1,000 in the first 3 months. |
Recompensas | Sin programa de recompensas | 2% cashback on every purchase |
Does the Wells Fargo Active Cash seem like a better option? If so, you might want to consider applying for it instead. Stay tuned to The Money Best for a guide on how to apply for this Wells Fargo credit card.
Wells Fargo Active Cash® review
Are you looking for a card with dozens of advantages? Read on to find out what's in store for you with the Wells Fargo Active Cash Credit Card!
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