Destiny Credit Card: What To Know
Introduction
Destiny Mastercard, an unusual credit card that is available to those with bad credit or fair credit. Prequalification is rapid and easy in less than 60 seconds.
Destiny Credit Card also reports all transactions to the three primary credit bureaus. The yearly fee is $59 to $99. There’s also a 24.90% interest rate. Cardholders have access to Mastercard advantages such as identity theft protection or zero liability safe.
If you are currently going through a financial crisis and your credit score has dropped due to it, it can be a little difficult to find a card in such a situation that requires you to pay an advance. The Destiny Mastercard® – First Electronic Bank offers $700. This card has the same credit limit as an unsecured credit card. Beneficial for those who have less than perfect credit or already have a bankruptcy status on their credit report.
What Is the Destiny Card?
Destiny credit card is primarily known as an unsecured credit card and is marketed as a credit-building credit card. But remember, any credit card that reports to the major credit bureaus can improve your bad credit with responsible use. Unfortunately, this credit card has a lot of fees attached to it.
As APR is higher than normal routine, higher annual fee and overall mean fee increase after one year. At the same time, it comes with very few benefits.
Highlights of the Destiny Credit Card
- This card is designed for customers with weak credit and is an unsecured credit card
- All credit history is considered before getting this credit card, even those that come with previous bankruptcy
- All are reported to the big three credit bureaus
- This card includes Mastercard® ID theft protection through MasterCard
- Determining whether you qualify does not affect your credit score
Is The Destiny Credit Card Good
The Destiny Credit Card is for individuals with bad credit and provides a way to rebuild their credit score. But, because it has high fees and few advantages, it isn’t as better as other credit cards for individuals with poor credit. To discover credit cards that fit your credit score, check out Kudos’ free Explore Tool characteristics.
Destiny Credit Card Features
Annual Fee: The Destiny Credit Card charges an yearly fee ranging from $49-175, which is high compared to other cards in the similar category
Credit Limit: As of May 2024, the Destiny Mastercard has a more credit limit of $700
APR: The card has a high APR of 35.9%, making it an costly choice if you carry a balance
Credit Reporting: It reports to all three primary credit bureaus, which can assist in building or rebuilding credit if used responsibly
Who Should Get The Destiny Credit Card?
You may avoid getting this card due to some strict conditions of this card like high APR, high fees and only some limited additional benefits. Consider another card as an alternative.
How To Apply for a Destiny Credit Card?
The conditions for obtaining a Destiny Card state that anyone aged 18 years or above can apply. Such a person must have a social security number and a physical address in the US and also has not had a Destiny Mastercard charged off.
Once you meet all the above eligibility, then go to the Destiny Card home page, select the “Apply Now” option and submit the online application.
One thing to note is that the option to submit an online application will be available for those who have received an offer through Postage. If you are the recipient of the mailed offer, you can accept the offer immediately using your application code and zip code.
But if you have received such an offer and misplaced it due to ignorance, you can check your application code online.
How do I contact destiny card services?
If you currently have an account open, you can review your personal information through the website and make changes to your address, phone number, and email address as desired.
Also, you can call at 800-229-0364.
This number is for any other personal information or to submit an information change request.
How do I check my Destiny credit card application?
If you have applied for a Destiny Card and want to know the status of your application, easily check the current status of the Destiny Cards application by calling 1 (800) 583-5698 at this number.
When you call this number, you will first be asked for the required information, which you will have to provide so that First Electronic Bank can process your application because First Electronic Bank does not allow you to check your application status online.
Destiny Credit Card Login Procedure
Once your card is activated, an online login to your Destiny Credit Card Account is required to manage your card and payments.
Navigate to the Login Page:
You should first visit the official Destiny Credit Card login page accessible through the card issuer’s website.
Provide Login Credentials:
Log in with the same username and password you used to sign up for your Destiny Credit account for the first time. Make sure the username and password are correct to avoid login issues.
Security Verification:
Due to security issues, some platforms have adopted additional security measures to log in to your account through two-step verification, so a confirmation SMS is sent to your registered email or phone number for this verification. Verify through this SMS.
Access Account Dashboard:
Once completed, you will easily access your Destiny Credit account dashboard, where you can view all your transaction activity, check transaction history, and change account settings as needed.
Logout for Security:
Be sure to log out of your account when you’re done using your account and after you’ve completed the tasks you’re required to do after logging in.
Ways to improve credit score
Improving your credit score in the US can be a slow process, but there are several useful methods you can adopt to increase your score.
Here are some easy strategies to improve your credit score:
1. Pay your bills on time:
Payment history is one of the most significant factors in your credit score. Paying your bills on time, containing credit cards, loans and other bills, assist you build a good credit history.
2. Reduce your credit card balances:
Keep credit card balances low relative to your credit score. Ideally, try to maintain your credit utilization below 30% of your available record.
3. Do not close old credit accounts:
Old accounts with the best payment history can enhance your credit score. Closing these accounts can decrease the average age of your credit accounts, which can negatively affect your score.
4. Request an increase in your credit limit:
Asking for a credit limit enhancement can lower your credit utilization rate as long as you don’t elevate your spending. This can have a positive impact on your credit score.
5. Monitor your credit report regularly:
Check your credit reports for errors or incorrect data. You can get free credit data once a year from each of the three primary credit bureaus (Equifax, Experian, and TransUnion) at the report. If you find issues, dispute them.
6. Diversify your credit mix:
Having a combination of different kinds of credit (like credit cards, personal loans, car financing, etc.) can increase your score. However, don’t open unused accounts just to diversify.
7. Be an authorized user:
If a trusted household member or friend adds you as an authorized customer on a well-managed credit card, it can increase your credit score because the credit history on that account will also be considered on your news.
8. Avoid too many credit inquiries in a short period:
Too many credit inquiries (strong inquiries) in a short space of period can lower your score. Try to stop applying for multiple credits or credit cards simultaneously.
9. Consider a secured credit card:
If you have a limited or poor credit record, a secured credit card can assist rebuild your score. These cards need a security deposit that serves as your credit limit.
10. Negotiate with creditors:
If you have outstanding debts or are having hardly making payments, contact your creditors to negotiate payment plans or management. Many lenders are willing to operate with you to prohibit default.
Implementing these methods can help improve your credit score over time, making it easier for you to access preferable loan terms and interest rates in the fortune.
Destiny Card | Mobile App
As we all know today, today’s era has been converted into a digital era, and in today’s era, many activities can be done on mobile apps, and these mobile apps have become an important part of our daily lives.
With the help of these apps, we can do all the small tasks like paying for a taxi, paying for fuel, shopping at a mall, or paying for groceries, etc., and all these facilities are available at the touch of a finger.
But is this facility also available for Destiny Credit Card users or is there a mobile app available exclusively for its cardholder or not?
Destiny Credit Card App: Know Insights
There are many benefits available to customers with the Destiny Credit Card, such as credit enhancement. That is, it helps them better in establishing positive credit lines.
It is a great option for people who have poor credit history as its major advantage is that it helps them better establish positive credit lines.
Consumers can improve their credit rating by limiting their transactions, meeting card obligations better, and paying each transaction on time, thereby giving them more opportunities to get a loan.
- So far no app has been introduced by the bank to facilitate using Destiny Credit Card.
- For some users, this may be a troublesome issue as they are used to handling their daily transactions or other financial transactions through such mobile apps.
FAQS
As of now, the maximum credit card facility available is $700.
Eligibility for the Destiny Card is easy as you can qualify for it even with limited or bad credit or bankruptcy.
The card gives you many facilities like you can get cash advance from your account at ATMs and you can also use your card by giving it to any institution that accepts the card for this purpose.
24.9%
The monthly recurring rate for the Destiny Credit Card is 24.9 % APR for purchases, And for other types of purchases, the standard monthly recurring rate is 2.075%. And in the case of the cash advance, its rate is 2.495 %monthly.