Índice
If you want to shop more securely and easily, without going through a complicated approval process, the Destiny credit card may be just what you are looking for.
It was developed for general consumers, and even those with poor credit history can obtain the card. Without a security deposit and broad acceptance, you can use it to make payments in many places.
Moreover, the Destiny offers security and a digital platform for account management. Keep reading to learn in detail all the benefits you can access if you become a customer!
About the Issuer
The Destiny credit card is issued by First Electronic Bank, a well-established financial institution in the US market. The bank is known for offering accessible credit solutions to consumers with low to moderate scores.
Its experience in the sector makes it a safe option for customers seeking a second financial chance. First Electronic Bank collaborates with Mastercard to provide the Destiny Card.
This partnership ensures a global acceptance network and efficient support for transactions. Additionally, the bank stands out for offering monitoring tools and digital account management.
Card Benefits
Credit Reporting: Destiny sends monthly reports to the three major US credit bureaus, helping cardholders improve their credit history with responsible payments.
No Initial Deposit: Unlike many competitors, the Destiny credit card does not require a security deposit, making credit access easier without compromising your financial reserve.
Fraud Protection: Destiny cardholders benefit from zero liability protection, which exempts them from charges in cases of fraudulent use, providing greater peace of mind.
Digital Management: The Destiny online portal provides 24/7 access and account management, offering convenience and control to the user.
Easy Approval for Low Scores: The card is targeted at consumers with imperfect credit history, including those who have gone through bankruptcies. This flexibility facilitates approval for a public that faces difficulties with other traditional credit cards.
Global Acceptance: As part of the Mastercard network, the Destiny credit card is widely accepted at millions of establishments worldwide. This provides convenience for international use with an affordable foreign transaction fee (1%).
Cash Advances: The card allows holders to make cash advances, offering an alternative in financial emergencies. However, it is important to consider applicable fees for this type of transaction.
Pre-Qualification Process: Destiny offers an online pre-qualification process that does not affect your credit score. This feature provides more security to the consumer before submitting a definitive application, especially for those worried about possible rejections.
Destiny Card Fees and Commissions
Destiny charges an annual fee of up to $175 in the first year and $49 in subsequent years, depending on credit analysis. Additionally, there is a monthly fee of up to $12.50 after the first year.
It is important to note that rates may change without prior notice, according to the issuer’s policy. To check the current terms, visit the official card website.
Credit Limit
The initial limit for the Destiny credit card varies up to $700, depending on customer qualifications. This amount may seem modest, but it is adequate for those starting to rebuild their credit.
Keeping the utilization below 30% of the limit is crucial for a good score, and over time, you may become eligible for other cards.
Positive points
- Ease of Access:No security deposit is required.
- Credit Building:Regular reports to improve your score.
- Security:Fraud protection with zero liability.
Negative points
- High Fees:High annual and monthly fees.
- No Rewards:Does not offer cashback or points.
- Low Initial Limit:Modest amount for new holders.
How to Apply for the Destiny Credit Card
- Go to the official Destiny website;
- Click on “Apply Today” and fill out the necessary details;
- If approved, continue the application process with your invitation code;
- Finalize the submission and wait for the issuer’s response;
- Receive your card by mail and follow the instructions to activate it online.
How to Contact the First Electronic Bank
For any questions or assistance, use the following channels:
- Website: Visit the official card website
- Phone: 1-800-583-5698
- FAX: 1-503-268-4711
The Destiny Card is a practical solution for those looking to rebuild their credit with security and simplicity. If you need a new financial opportunity, consider this option and explore its possibilities!