The Destiny Mastercard is a good option for people with bad or fair credit who are looking to build their credit history. However, it is important to be aware of the card’s fees and limitations before applying.
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Purchase APR Rate: See terms – Annual Fee: See terms – Credit Needed: Poor to Good – Foreign Transaction Fee: 1% of each transaction in U.S. dollars. | |
First off, what is the Destiny Card?
The Destiny Mastercard is an unsecured credit card. This means that you do not need to place a security deposit to get the card. The Destiny Mastercard is designed for people with bad to fair credit who are looking to build their credit history and establish a positive credit profile. The Destiny credit card is offered by Concora Credit (formerly Genesis Financial Solutions).
Here are some of the benefits of the Destiny Mastercard:
- No security deposit required
- Credit reporting to all three major credit bureaus
- 24/7 online account access
- 100% Fraud Protection
Here are some of the drawbacks of the Destiny Mastercard:
- High annual and monthly / overlimit / late fees
- Low to medium credit limit ($300 to $700 to start)
- No rewards program
What is the credit limit for the Destiny credit card?
The credit limit for the Destiny Mastercard ranges from $300 to $700. The specific credit limit you will be approved for will depend on your creditworthiness. Factors such as your credit score, income, and debt-to-income ratio will all be taken into consideration when determining your credit limit.
Here is a table of the possible credit limits for the Destiny Mastercard:
| Credit Score Range | Possible Credit Limit |
|---|---|
| 300-579 | $300 – $500 |
| 580-669 | $500 – $600 |
| 670-750 | $600 – $700 |
If you have a lower credit score, you may be approved for a lower credit limit. However, as you make on-time payments and use your card responsibly, your credit limit may be increased.
Here are some tips for increasing your credit limit on the Destiny Mastercard:
- Make your payments on time every month.
- Keep your credit utilization ratio low (below 30%).
- Request a credit limit increase after 6 months of responsible card usage.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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