Unfortunately, Destiny MasterCard does not offer a credit limit increase to the customer. The company does not accept requests for credit limit increases, and it is solely focused on customers with low credit scores who are looking to build credit. With creditworthy behavior, timely payments, and a low credit utilization ratio, the cardholder will become eligible for automatic increases in their minimum credit limit. Destiny MasterCard reports to Experian, TransUnion, and Equifax, making it the best card for building credit.
Destiny MasterCard Credit Limit Increase
What Are The Features Of Destiny MasterCard?
It has an annual fee of $125 for the first year and $49 for every consecutive year, with a $10. 40 monthly fee. It offers an interest rate of 35. 9%. Destiny MasterCard makes monthly reports of customer account information to all the three major consumer credit reporting companies, which helps them improve their credit score with timely repayments with a low utilization ratio. Destiny MasterCard does not provide cardholders with rewards for making purchases. Destiny MasterCard is an unsecured credit card, which requires no security deposits from the customers while buying a new card. The downside to this is that this card has higher fees than most secured cards. Destiny MasterCard is ideal for people with bad credit who would not qualify for a secured credit card, for example, people recovering from bankruptcy or financial setbacks with a lower credit score. Destiny MasterCard gives cardholders a credit limit of $300 after the account is opened, plus the annual charges that are charged once the card is activated.
How To Qualify For A Destiny MasterCard?
Destiny MasterCard requires their customers to pre-qualify for their card:
They must be at least 18 years old (Alabama requires them to be 19)They must have a valid social security number, physical address, and a valid US IP address. They must not have another Destiny MasterCard which was closed due to late repayment.
Destiny Master Card Fee Structure
Destiny MasterCard offers two options for fees for opening a new card, depending on the pre-qualification process: $75 for the first year; $99 for every consecutive year, orA recurring fee of $59 per yearDestiny MasterCard charges no Cash advance fee for the first year, then the customer is charged $5 or 5% of the total cash advance. Destiny Mastercard charges 1% on all foreign transactions. The customer can be charged Up to $40 as late fees on the card. The customer can be charged Up to $40 while returning cash advances paidThe customer is charged $40 if they got over their limit.
Who Can Benefit Most From A Destiny MasterCard?
People recovering from prior bankruptcy would disqualify from most secured credit cards. Anyone who cannot qualify for a card because of a low credit score but looking to build their credit. People who are unwilling or unable to pay a security deposit for the card. People who want to use a card in foreign countries but have a bad credit score.
Destiny Master Card Interest Rates
It has a regular APR of 24. 9%, with the Cash advance APR increasing to 29. 9%. The Minimum charge on interest is $1, which is charged if the balance is not repaid in full each month,
Whether you are recovering from financial setbacks that have made you ineligible for a secure card with security deposits, or you are simply looking for a card with no security fees to build your credit score, Destiny MasterCard is the ideal fit for you. With reasonable interests, cash advances, and a $300 credit limit, it will provide you with much-needed cash while keeping your money from being overspent. However it does not provide credit limit increases or rewards, so if you are looking for a more lucrative card, MasterCard has various other cards available with all major banks with high credit limits and customer reward programs.
Q: How long do I have to wait to receive my card after I am approved?
A: The customer will receive their card by mail within 14 days of being approved.
Q: Can I get cash advances and perform foreign transactions on my Destiny MasterCard?
A: Yes, those services are available, with additional charges.
Q: Can I transfer my balance to another card from my Destiny MasterCard
A: No, transferring of balance is not allowed.
