Determining if the Destiny Mastercard® is suitable for you is a personal decision, but we can assist you in simplifying the process. This article outlines the advantages and disadvantages of obtaining a Destiny Mastercard® to help you evaluate and choose wisely.

Continue reading for tips on enhancing your credit score and becoming eligible for superior credit cards in the future.

If you are struggling financially and have a low credit score, you are not alone. A recent consumer credit review by Experian found that 16% of North Americans have a poor credit score, and 18% have a fair credit score, making it challenging to obtain credit cards or loans.

Fortunately, some financial institutions offer credit cards specifically for these circumstances, such as the Destiny Mastercard®.

The Destiny Mastercard® is issued by Genesis Financial Card Services and individuals with a poor credit score can still apply for it. However, certain factors will impact the card offer.

The card has an initial annual fee of $175 and a subsequent fee of $49. There are no reward programs or welcome bonuses offered, as the emphasis is solely on the credit line. It is important to be mindful of making late payments, as there is a hefty fee associated with it.

In case you have a poor credit score, your options might be limited. However, Destiny could serve as an entry point despite its limited advantages. You can utilize it temporarily and subsequently shift to a card that offers better benefits and lower fees once you are eligible. Consider reviewing some pros and cons to aid in your decision-making process.

While not everyone will be approved, all credit scores are accepted for application. Initially, a credit limit of $700 is provided without the need for a security deposit. Additionally, your credit history is reported to all three major credit bureaus, aiding in the improvement of your credit score.

There is an annual fee associated with the card, which is deducted from your credit limit in the first month. The first year’s fee is $175, while subsequent years will incur a fee of $49. It is important to note that late payments may result in a significant fee of up to $41.

Destiny caters to individuals with suboptimal credit scores. If you possess a poor or fair credit score, there is no need for concern as you may still apply and potentially receive approval.

Upon receiving your card, it is crucial to utilize it responsibly by avoiding late payments and maintaining a low credit utilization rate. Consistently paying your credit card bill is an effective way to achieve this goal and build a robust credit score.

As your credit score improves, you may be eligible to apply for a more advanced credit card that offers rewards and additional benefits.

The process of applying for the Destiny Mastercard® is simple and can be completed online. More information regarding the application procedure will be provided in the following content.