For those looking to rebuild or strengthen their credit history, the Destiny Mastercard® offers a practical solution. With a credit limit of up to $700, no security deposit requirement, and acceptance of applicants with all credit scores, this card is an accessible financial tool.
Limit card options
*Choose the credit limit you want on your credit card and see the available options:
CARDS: LIMIT OF UP TO $1,000 CARDS: LIMIT OF UP TO $3,000 CARDS: LIMIT ABOVE TO $8,000
Get a $700 credit limit with no deposit in this unsecured card.
Key Benefits of the Destiny Mastercard®
✔ Credit Limit Up to $700 – Provides a moderate spending limit to help build or rebuild credit. ✔ No Security Deposit Required – Unlike secured cards, you don’t need an upfront deposit to start using the card. ✔ Zero Fraud Liability – Protects you from unauthorized charges if your card is lost or stolen. ✔ Accessible for All Credit Scores – Designed for individuals with poor to fair credit, providing an opportunity to improve creditworthiness.
Up to $700 credit limit;
No deposit is required;
Zero fraud liability;
Every credit score is accepted for application.
Advantages of the Destiny Mastercard®
No Security Deposit Required
One of the biggest challenges of rebuilding credit is the requirement for a security deposit, which many secured credit cards demand. The Destiny Mastercard® eliminates this barrier, making it an appealing option for those who may not have extra funds to set aside as collateral.
Reports to All Three Major Credit Bureaus
Building a strong credit history is essential for improving your credit score. The Destiny Mastercard® reports to Experian, Equifax, and TransUnion, ensuring that responsible usage—such as timely payments and maintaining a low balance—positively impacts your credit profile.
LEARN HOW TO APPLYWidely Accepted
Since Mastercard is accepted at millions of locations, you can confidently use the Destiny Mastercard® for both in-store and online purchases. This provides the flexibility and convenience needed for everyday transactions.
Fraud Protection
With zero fraud liability, you are not held responsible for unauthorized charges made to your account. This added security feature ensures peace of mind while managing your finances.
Credit Limit of Up to $700
The Destiny Mastercard® offers an initial credit limit of up to $700, which can be helpful for making essential purchases while still keeping credit utilization low. A lower utilization ratio can contribute positively to your credit score over time.
Ideal for Those with Low or Fair Credit
The Destiny Mastercard® is designed for individuals who have struggled with credit in the past, making it a valuable tool for those looking to establish or rebuild their credit history.
LEARN HOW TO APPLYDisadvantages of the Destiny Mastercard®
High APR
One of the biggest downsides of this card is its high Annual Percentage Rate (APR), which can reach up to 35.9%. Carrying a balance from month to month can result in significant interest charges, making it crucial to pay off the balance in full whenever possible.
Hidden Fees
Users should be mindful of potential hidden fees, such as:
- Late payment fees (up to $41)
- Over-limit fees
- Other miscellaneous charges
Reading the terms and conditions carefully before applying can help avoid unexpected costs.
High Annual Fee
The annual fee for the Destiny Mastercard® can be as high as $175 for the first year, which is significantly higher than many competing credit-building cards. After the first year, the annual fee decreases, but it remains a cost that users must factor into their decision.
No Rewards or Bonus Programs
Unlike many credit cards that offer cash-back rewards or welcome bonuses, the Destiny Mastercard® focuses solely on credit-building. If earning rewards is a priority, you may want to consider alternative cards once your credit score improves.
LEARN HOW TO APPLYIs the Destiny Mastercard® Right for You?
Before applying, it’s essential to weigh the pros and cons:
| Feature | Destiny Mastercard® |
|---|---|
| Annual Fee | Up to $175 (first year) |
| APR | Up to 35.9% |
| Security Deposit | None |
| Credit Limit | Up to $700 |
| Reports to Credit Bureaus | Yes (Experian, Equifax, TransUnion) |
| Fraud Protection | Yes (Zero Fraud Liability) |
| Rewards Program | None |
The Destiny Mastercard® is best suited for individuals with low or fair credit who need a card that reports to major credit bureaus without requiring a security deposit. However, potential applicants should be cautious of the high fees and APR, ensuring they use the card responsibly to avoid costly interest charges.
If you’re not fully convinced that the Destiny Mastercard® is the right choice, you might want to consider alternative options, such as the First Digital Mastercard®, which also helps build credit while allowing for purchases.
