Destiny Mastercard Review

In this Destiny Mastercard^® review, we’ll look at the card’s credit score requirements, the benefits, pros and cons, and more. 

This Article Contains: 

(Click on a link to jump to the specific section) 

• Who is the Destiny Mastercard for?
• Destiny Mastercard Credit Score Requirements 
• Destiny Mastercard Fees
• Destiny Mastercard Benefits 
• Pros and Cons of the Destiny Mastercard
• Alternatives to the Destiny Mastercard

Let’s get started.

Who is the Destiny Mastercard for?

The Destiny Mastercard’s primary purpose is to help the cardholder on their credit repair journey. The Destiny Mastercard could also be a solid option if you want to establish your credit history.

The Destiny Mastercard credit card has a low credit requirement, and it reports account information monthly to each major credit bureau: TransUnion, Equifax, and Experian. 

With on-time payments and low credit utilization, you should be able to build your credit report consistently.

This makes it ideal for people who have a bad credit score or students new to using a credit card.

Destiny Mastercard Credit Score Requirements

The Destiny Mastercard does not have a minimum credit requirement, meaning customers don’t have to worry about their credit history or the lack thereof.

The credit card issuer welcomes applications from people with prior bankruptcy or credit scores as low as 510-699. 

However, it’s important to note that the card issuer will look at more than just your credit score. They will take things like your income, debts, and payment history into account as well.

Next, let’s have a look at the type of fees you can expect to pay with the Destiny Mastercard credit card: 

Destiny Mastercard Fees

It’s common for a credit building card to charge additional costs, like a monthly maintenance fee. 

It’s important to note that overlimits could incur a penalty fee of up to $41. 

What’s an overlimit fee?

An overlimit fee is a fee charged when your balance exceeds your credit limit. 

There are several other fees the cardholder should be aware of, including a cash advance fee of either $5 or 5% of the cash transaction, whichever is highest. 

There’s also a foreign transaction fee of 1% of each transaction in US dollars.

Destiny Mastercard Benefits 

Although this unsecured credit card aims to repair Poor credit, it’s still a Mastercard. As a result, it comes with all the Mastercard perks like purchase protection and security. 

Perhaps one of the biggest perks of owning a Mastercard is that is accepted by over 37 million vendors across 212 countries. Though if you plan on taking this card abroad, bear in mind the modest 1% foreign transaction fee. 

Some of the other Mastercard benefits include: 

• Zero fraud liability: As a cardholder, you don’t have to pay in the case of unauthorized usage or theft. Simply report your card as stolen to customer service and the credit card issuer will handle the rest.
  
  
• Mastercard Global Service: Emergency assistance almost anywhere in the world, 24/7. These services include lost card reporting and replacement, emergency cash disbursement, and more. 
  
  
• ID Theft Protection: Automatic credit reporting that monitors transactions and alerts cardholders to any changes or concerns. 

Next, let’s compare the pros and cons many unsecured card reviews highlight: 

Pros and Cons of the Destiny Mastercard 

Let’s have a look at some of the pros and cons of the Destiny card: 

Pros 

Here are some of the card’s advantages that most Destiny credit card reviews point out: 

• Low credit score requirements - The main feature of the Destiny Mastercard is that it doesn’t have a high credit requirement, meaning customers don’t have to worry about having great credit scores in order to qualify for this card.
  
  
• Reports to each major credit bureau - A big perk of owning this subprime card is that the issuer reports your ongoing record to each major credit bureau: Experian, TransUnion, and Equifax. This allows you to improve your credit report through responsible card usage. 
  
  
• No security deposit - Unlike most other cards in its class, the Destiny Mastercard isn’t a secured credit card, meaning you won’t have to put down a cash security deposit.

Cons 

Before you submit your credit card application, here are a few drawbacks that many Destiny credit card reviews highlight:

• No welcome bonus or rewards program - This offer comes with no rewards program or sign up bonus so you won’t receive any cash back, reward points, etc.
  
  
• No credit limit increase - The starting credit limit for this unsecured card is $700 and you can’t request a credit limit increase either, this might be a dealbreaker for some people as having a low credit line can make it tough to minimize your credit utilization.
  
  
• No free credit report - Unlike some cards in this segment, the Destiny Mastercard does not give access to a free monthly credit score report. Having access to this report can be extremely beneficial for people trying to keep tabs on their credit repair journey. 
  
  

Alternatives to the Destiny Mastercard

Here are a few similar cards definitely worth considering: 

• Petal^® 1 "No Annual Fee" Visa^® Credit Card 
  
• Surge Mastercard^®
• Reflex Mastercard^®
• Indigo Platinum Mastercard^®

Wrapping Up

Finding a suitable credit card offer can be challenging when you have a bad credit history. Destiny Mastercard card offers a low credit limit with an above-average interest rate but despite this, it is a good credit card for those with Poor to Fair credit scores looking for an unsecured card. 

With a fixed APR, reasonable total card fee, and low credit requirements, the Destiny Mastercard could be an attractive option for people looking to embark on their credit repair journey.

You can apply for this card here.