A good fit if you
- You want a limit you know in advance, not a surprise
- You would rather keep your savings where they are than tie them up as a deposit
- You can pay the full statement every month
- You want all three bureaus to see your on-time payments
Destiny® Mastercard®: a $1,000 limit if you are approved, and no deposit to find
An unsecured Mastercard made for fair credit. If the issuer says yes, your limit is $1,000 from the first statement, and there is nothing to put down. Every payment is reported to all three big bureaus, which is the whole point if you are rebuilding.
Apply Nowon the issuer's secure site
- A $1,000 limit, fixed in advance, if you are approved
- No security deposit, so your savings stay in your account
- Payments reported to Experian, Equifax and TransUnion
- Accepted at 40 million places online, in app and in store
HomeCredit cardsDestiny Mastercard $1,000
Rebuilding credit is slow when every card you can get asks for a deposit first. This Destiny offer does not. Approved applicants get a $1,000 limit that is fixed before the card arrives, and the account reports to all three major bureaus. The price of that convenience is the fees, which are steep, so read them below before you decide.
Our honest read
The Destiny Mastercard is a rebuilding card first and a convenience second. Its job is to put a real, unsecured Mastercard in the hands of someone with a thin or bruised credit file. On this offer the limit is not a guess: if you are approved, it is $1,000. You can use the card at 40 million places online, in app and in store, Zero Fraud Liability comes with it, and the issuer says over a million people have used a Destiny card to help build access to credit.
The weak spot is the price tag. The annual fee is $250 in the first year and $99 each year after. From the second year there is also a $231 yearly charge, billed as $19.25 a month. Purchases carry an APR around 35.9%. Rewards are not the point of this offer; the limit is. Our advice to a friend: put a few small bills on it, pay the whole statement every month, and let the bureau reports do their quiet work.
How it goes, step by step
- Apply on the issuer's site Tap Apply Now and you land on the issuer's secure page. The form takes a few minutes.
- Wait for the issuer's answer Every application is reviewed, and the issuer may pull your credit report while it looks. Approval is the issuer's call, and some applicants are turned down.
- Use the $1,000 and build Once approved, your limit is $1,000 and no deposit is taken. Pay on time each month and all three bureaus record it.
What it costs
| Your limit | $1,000, fixed if you are approved |
|---|---|
| Deposit | None, the card is unsecured |
| Annual fee | $250 for the first year; $99 every year after |
| Monthly fee | $0 in the first year (billed $0 each month); $231 a year from year two, billed as $19.25 each month |
| Purchase APR | Around 35.9% (see the terms) |
| Credit bureaus | Reports to all three |
The issuer sets the pricing, and this offer may be unique to the link on this page. Other offers for the same card can carry different terms, so read every number where you apply before you send anything.
Is it a good fit?
Maybe not if you
- You could already qualify for a card with low or no fees
- You are after cash back, points or miles
- An annual fee of any size is a no for you
- You expect to carry a balance at a high APR
on the issuer's secure site
Questions about Destiny Mastercard
1Is the $1,000 limit really guaranteed?
If the issuer approves you, your credit limit is $1,000. Approval itself is not guaranteed: the issuer reviews every application and may pull your credit report.
2Is there a security deposit?
No. This is an unsecured card, so there is no money to put down.
3What does it cost?
A $250 annual fee in the first year and $99 each year after. From year two a further $231 a year is billed as $19.25 a month. The purchase APR is around 35.9%. Read the full terms on the issuer's site before you apply.
4Will it help my credit?
It can. The card reports to all three major credit bureaus, so paying on time each month and keeping the balance low builds a positive payment history. Late payments are reported too.
The Destiny Mastercard is issued by The Bank of Missouri (tbom) pursuant to a license from Mastercard and serviced by Concora Credit Inc. Applications are subject to issuer review (which may include obtaining your credit report) and approval; to be approved you must meet the issuer's requirements for creditworthiness, ability to pay, and identity verification. This offer may be unique and can only be guaranteed when using the link provided; other offers for this card may feature different terms and conditions. Annual fees, APRs, and credit limits vary by applicant. FundInHand is a free loan-request and comparison referral service. We do not lend, issue cards or sell insurance. We may earn a fee when you apply through a link on this page, and that fee never changes the terms the issuer offers you. This is an advertisement.
A $1,000 line to rebuild on
No deposit, a limit you know before the card arrives, and every payment reported to all three bureaus. Applying on the issuer's secure site takes a few minutes.
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