Bank of America Premium Rewards Credit Card Review

The Bank of America Premium Rewards Visa is perfect for travelers.

Bank of America Premium Rewards Credit Card Review

Do you like to travel? If so, you can rack up rewards with the Bank of America Premium Rewards credit card. This travel-based credit card comes with a host of perks and a few drawbacks attached to it. You want to know them both before you decide if this card is a good choice for you. We’ll outline them all next.

Bank of America Premium Rewards Credit Card Benefits

1. Large Bonus for Signing Up

This travel rewards card offers members a larger card bonus for signing up than other cards. You get 90 days to spend $3,000. This is just $1,000 a month, and it’s very doable if you travel. Spend this amount, and you’ll earn 50,000 bonus points. So these points equal out to a reward of $500. This amount is on the higher end for any reward card, especially the travel card category.

2. Decent Reward Potential

If you use this card regularly, you’ll have the potential to earn decent rewards. You earn two points for every dollar you spend on dining and travel. All other purchases you make with the Bank of America cards earns you 1.5 points per dollar. Even if you don’t use this card for large purchases, you can still earn and redeem your rewards. There is no cap on the number of points you can earn. Additionally, they don’t expire for as long as your account is in good standing.

3. No Blackout Dates

The Bank of America Premium Rewards credit card makes it extremely easy to travel any day of the year. Blackout dates can restrict your flight plans, but they’re a thing of the past with this card. You’ll have zero blackout dates per year. This means you can book a flight when you want without having to shuffle things around.

4. Flexible Redemption Options

The Bank of America travel card offers members other important perks. You can use your points for travel discounts and flights. However, you can also redeem them for cash, statement credits, gift cards, and merchandise. You can switch up how you choose to redeem every time too! So this makes it a flexible and convenient option for people who need different types of rewards.

5. Preferred Awards Member

The Bank of American rewards members who use their card and spend a lot throughout the year. Once you reach this level, your point bonuses increase. You’ll get between 25% to 75% more points on every single purchase you make. In turn, you can stack your rewards even quicker.

6. Credits

Once a year, the Bank of America will reward cardholders with a $100 credit for travel incidentals. You’ll also get close to $100 in expedited screening statement credits. These come from just having the card in good standing, and you get these credits every year. This helps to offset the card’s annual fee. You can use these credits however you’d like when you travel.

7. No Foreign Transaction Fee

As a travel card, you don’t want foreign transaction fees. You’ll pay none when you use the Bank of America Premium travel card. This is great news for people who plan to use their card while they’re out and about. You won’t have to factor in an extra fee every time you run your card through a non-U.S. bank.

8. Luxury Travel Perks

Cardholders get automatic access to the Visa Signature Luxury Hotel Collection. This perk gives you both travel insurance and a host of other benefits. They include free upgrades, best rate guarantee, complimentary breakfast and WiFi, VIP guest status, and more. So you’ll get these perks every time you use this card to book your travel.

9. Wide Acceptance

The Bank of America Premium Rewards Card is a Visa card. Visa and MasterCard are two of the most widely accepted credit lenders in the world. You won’t have to worry about carrying several cards because most vendors accept them. This is especially nice when you travel to more remote locations because there’s a reduced chance of losing it.

10. Extended Warranty

Have you ever made a big-ticket purchase and wanted a longer warranty? If you make it with Bank of America’s card, you can get one. They’ll add a full year onto your product’s existing warranty. This gives you greater peace of mind when it comes to buying the more expensive items.

Bank of America Premium Rewards Credit Card Cons

1. Annual Fee

As a rewards card, you shouldn’t be surprised to see an annual fee. You’ll pay $95 every year you have the card open and in good standing. While this isn’t terrible, it’s hard to justify for light users. However, the lower annual fee makes it easy to balance it out with rewards.

2. Credit Requirements

You need excellent credit to apply for this card. That means that it shuts out a lot of people. Your APR will also depend on your credit at the time you apply, and it ranges between 17.99% and 24.99%. If you don’t have good enough credit, the lender will deny you and drop your credit score a few points.

3. Can’t Transfer Points

The Bank of America Premium Rewards card doesn’t allow you to transfer points between airline and hotel partners. You can use it for one or the other when you travel. This can make it hard to take advantage of the best rates and point opportunities. However, you can still earn if you plan your trips out.

4. No Priority Pass

If you want a card to give you lounge access in airports, this one isn’t it. There is no Priority Pass associated with this card. You’ll have to stay in the main lounges when you book your flights with this travel card. This isn’t a deal-breaker, but it can be inconvenient for some travelers.

Bottom Line on the Bank of America Premium Rewards Credit Card

The Bank of America Premium Rewards Visa credit card is a solid option for people who travel. You get a host of benefits with relatively minor setbacks. As long as you use your card in a smart manner, you can benefit from it. So take a look and see if it’ll work for you with your travel itinerary.

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PenFed Power Cash Rewards Visa Signature Card

The PenFed Power Cash Rewards Visa Signature Card is ideal for military families.

PenFed Power Cash Rewards Visa Signature Card

The PenFed Power Cash Rewards Visa Signature Card is a solid card for military service members. This design makes the PenFed credit card unique. If you’re a military member looking for a solid card, this one is for you. We’ll outline the perks and drawbacks that come with using this card. This way, you can see if the Power Cash Visa is a good option for your lifestyle or not.

PenFed Power Cash Rewards Visa Signature Card Pros

1. PenFed HonorsAdvantage Program

We did tell you that this card is for military service members. If you are or were, you get automatic admittance into the PenFed HonorsAdvantage Program. This program gives you unlimited 2% cashback on every purchase you make. So there are no rotating categories, and there is no cap. Everyone else gets 1.5% cashback in rewards. Non-military can get the 2% cashback by having a PenFed Access America checking account in good standing. It’s that easy!

2. Bonus for Signing Up

The PenFed Power Cash Rewards Visa Signature Card doesn’t have an amazing bonus for signing up. But, the signup bonus is relatively easy to get if you use the card every month. So you’ll get a $100 bonus by spending $1,500 in the first three months. That’s just spending $500 per month and paying it off. Many people spend more than that on groceries alone!

3. Flexible Rewards Redemption

Unlike some rewards cards, the PenFed credit cards come with relatively flexible rewards. You can redeem any amount of rewards for cashback. For people who don’t use their card a lot, this is a fantastic deal. You’ll still be able to get your rewards with minimal use. If you want to maintain your credit by using the card rarely, this works wonderfully.

4. Power Cash Visa Has No Annual Fee

Most rewards cards have a steep annual fee attached. However, the PenFed Power Cash Rewards Visa Signature card is different. This card has no annual fee with it. In turn, any rewards you earn when you use it are pure profit. You can use your card as little or as much as you like without a problem. For many people, this will be a huge selling point with this card. They want rewards without having a large annual fee, and this card delivers.

5. No Foreign Transaction Fee

Another nod to the military does not have a foreign transaction fee. Since members of the military get deployed all over the world, they need a card that travels with them. You can use this card worldwide without paying a foreign transaction fee. Since this can quickly get expensive, this is a very important consideration for people who card shop. Use it both U.S. and non-US banks without a problem.

6. Wide Acceptance

The PenFed credit card is a Visa-branded card. Since MasterCard and Visa are the two biggest lenders, they have wide acceptance. Also, you’ll be able to use your card anywhere vendors accept Visa, and this is usually worldwide. The large acceptance rate eliminates the need to carry multiple cards every time you go out. This gives you a greater peace of mind as well.

7. PenFed Credit Card Mobile App

The PenFed Power Cash Rewards Visa Signature card comes with a user-friendly mobile app. It’s available for both Android and iOS. So you’ll be able to log in, check your balance, check your transactions, and more. It’s encrypted, and this is an important security feature to help protect your identity. No matter how much you use the card, this is an extremely important feature.

8. Concierge Service

Traveling can be a hassle and stressful, and concierge service can help. With this card, you’ll get 24/7 complimentary concierge service. They can help book your flights, arrange transportation, and book hotels. So no matter if you want to travel a state over or internationally, this service can help. They’ll work to ensure you get a smooth journey from start to finish. It’s available for solo travel or travel with your family and friends.

9. Digital Wallet

If you have a digital wallet set up, you can add the Power Cash Visa to it. This eliminates the need for you to carry a physical card in most instances. It’s also more secure because it’s difficult for people to steal it. If you don’t have a digital wallet, you can set one up and add it. This is a completely optional feature, and you don’t have to use it.

A popular penfed credit card for military families is the Power Cash Visa.

PenFed Power Cash Rewards Visa Signature Card Cons

1. Can Be Difficult for Non-Military

While you can get this card without being military, it can be difficult. There are a few avenues you can take. First, you can join the PenFed credit union. This bank is open to current and former members of the U.S. military and armed forces. You can get an account if you’re a relative of a military member. You can also get it if you an employee of the government. Finally, joining the Voices for America’s Troops or the National Military Family Organization will qualify you. Otherwise, you’re not able to get one. In turn, you can’t get this card.

2. Flat Rate

Do you spend more in a specific category like gas or groceries? If so, you’ll get a flat rewards rate. You could probably make more in rewards with a tiered rewards program like with the American Express Blue Cards. The PenFed Power Cash Rewards Visa Signature card does have a solids rewards program. However, other rewards cards have higher rewards rates that let you rake in the rewards faster.

3. Power Cash Visa Rewards Expire

Once you get your rewards, you have five years to spend them. While this is generous, it can be difficult to track. Once you hit the five-year mark, any rewards you may have sitting in your account vanish. If you were stockpiling for a large purchase, this could be difficult to lose. The best bet is to redeem your rewards at least once a year, so you don’t forget and lose them.

4. Power Cash Visa APR

The APR ranges from 11.74% to 17.99%. While this isn’t terrible for a rewards card, it can add up if you carry balances. The APR you get comes based on your credit at the time you apply for the card. The APR is also variable. For your best bet, pay off your balance each month to avoid the interest rate. Otherwise, you can find yourself sliding into debt.

5. PenFed Credit Card Balance Transfer Fee

You’ll pay a 3% fee on every balance transfer you perform with this card. Again, this isn’t terrible. However, the PenFed credit card will also charge you deferred interest if you miss payments. If you have a higher-end interest rate, this could be hundreds of dollars in fees. You also only have 12 months with no interest.

Bottom Line on the PenFed Power Cash Rewards Visa Signature Card

Finally, the PenFed Power Cash Rewards Visa Signature Card is a decent choice for current or former military members and their families. For them, applying for a PenFed credit card is an easy application process. Apply or learn more about this PenFed cash back Visa card. You do need great credit to apply for the Power Cash Visa, but you’ll earn rewards for doing so. All in all, it’s worth a look if you’re considering adding a new card to your arsenal.

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Reflex MasterCard Review Pros and Cons

Learn more about the Reflex MasterCard online application.

Reflex MasterCard Review

Continental Finance released the Reflex MasterCard for people who have poor credit. It has two versions that you can get depending on how poor your credit is. So if you’re just starting your credit building journey, this is for you. We’ll go over the pros and cons of this card below. In turn, you’ll be able to see whether or not it’s a viable option for your lifestyle.

Reflex MasterCard Pros

1. Two Versions

The Reflex MasterCard comes with two versions. You can get either the secured or unsecured version of this card. If you get the secured version, you’ll pay a security deposit. This deposit is then your line of credit. An unsecured card doesn’t need a direct deposit. You may be able to upgrade to the unsecured card as your credit improves.

2. Improves Creditworthiness

Having a card that reports to all three credit bureaus is critical. This card does just that once a month. You want to make your monthly payments on time each month. This will show lenders that you can make good decisions regarding your finances. Also, stay below 33% for credit utilization for an even more impressive impact. Ideally, you shouldn’t take out more than you can pay each month. This will help you avoid interest.

3. Higher Credit Limit

Your initial credit limit will stop at $500. However, this can jump up to $2,000 within 12 months of opening the Reflex MasterCard. All you have to do is make every payment on time. If you do, the lender will review your card after 12 months. They’ll approve you for the higher credit line at this point. This is usually the point where people try for other cards, though.

4. Free Account Access

Reflex MasterCard holders get free access to their accounts through a mobile app. So you can use this app to check your balance, make payments, and track your FICO score. It’s encrypted with additional security layers to safeguard your information. Additionally, it’s very user-friendly and easy to navigate. It offers a countdown to a higher credit limit too.

5. Fast Application

Unlike some credit cards with complicated applications, the Reflex MasterCard is simple. Once you fill it out, you’ll get an answer within seconds. If you don’t have good enough credit for the unsecured card, they’ll offer you the secured one. The majority of applicants end up with the unsecured card though. You’ll get a more detailed explanation of why you didn’t get it if they deny you.

6. Wide Acceptance

MasterCard is one of the most widely accepted card brands in the world. There are hundreds of thousands of vendors that use it. This means that you don’t have to worry about carrying one or two cards with you when you shop. Most vendors accept MasterCard and Visa at the very least, and this is great news for you.

Reflex MasterCard – Cons

1. Annual Fee

Unfortunately, the Reflex MasterCard comes with a high annual fee. During the first year, you have the card; you’ll pay $96 just for having the card. Every year after has an annual fee of $125. For a card with no rewards, this is a very steep annual fee. It’ll be hard to justify this card and make it balance out the annual fee.

2. Monthly Maintenance Fee

On top of the annual fee, you’ll pay a monthly maintenance fee. The first month is free, but every month after is $10 per month. This is $120 every year just for having your card in good standing. When you combine this with the annual fee, you’ll pay $245. This is on-par with excellent reward cards for miscellaneous fees without any of the perks the rewards card has.

3. High APR

A higher APR is expected with this card since the Reflex MasterCard is for people with poor credit. Each month you carry a balance, you’ll pay 29.99% on top of your balance. This can add up very quickly and push you deeper into debt. The best way to avoid this is not to carry a balance in the first place. If you’re learning to build credit, this is a necessary step.

4. Foreign Transaction Fee

This card isn’t one you’d use when you travel if you can help it. You’ll pay a foreign transaction fee each time you run this card through a non-US bank. This includes ATMs, shopping, and online purchases. All of these fees will come in your monthly bill. You pay 3% every time you swipe your card. So this can easily add up to hundreds of dollars in fees.

5. Credit Line Cap

No matter where you start, you can get a credit increase up to $2,000. However, this is where it stops. Your credit won’t go up any higher than this. If you only use 33% of it, you can only use $660. If you go over, your credit score can start to drop a few points. A few points can be huge when you’re working on building your credit.

6. No Rewards

This is a very basic card with no frills. There are no rewards whatsoever when you get this card. Aside from building your credit, it doesn’t offer you anything else. This makes it exceptionally hard to justify the high yearly fees you have to pay. Even if you use it each month, you’ll be out hundreds in annual fees and monthly maintenance fees.

7. Other Fees

This card comes riddled with other miscellaneous fees. For example, getting an alternate card costs you $30. Lay payment fees are $27 for the first and $38 after. There is a 5% or $5 cash advance fee. So all of these little things keep adding up and pushing you deeper into debt.

Review Different Offers for Less Than Perfect Credit
CreditSoup Poor Credit

Bottom Line – Should You Apply for the Reflex MasterCard?

Unless you have absolutely no other options, we recommend you avoid it. Finally, it makes more sense to go with a highly rated secured credit card. Not only will this be more forgiving if you carry a monthly balance, but it won’t have a high annual fee. In turn, this can save you hundreds in the long run.

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Mercury Credit Card Review – Mercury MasterCard

You can use the Mercury Credit card to pay for everyday credit purchases.

Mercury Credit Card Review – Mercury MasterCard Pros & Cons

The Mercury credit card comes from the First Bank & Trust. It’s a relatively unknown card, but it’s an option for people looking for a no-frills credit card. We’re going to go over the Mercury credit card with pros and cons. Our goal is for you to decide if this is a viable option for you or not. To do that, you need the good and the bad plus anything that makes this card stand out. So read on to find out more about the Mercury MasterCard.

Mercury Credit Card – Pros

1. Mercury MasterCard App

One of the biggest benefits of the Mercury MasterCard is the app. You get easy access with FaceID and fingerprint scans with eligible devices. This helps to keep it secure from anyone but you. The app allows you to check your account balance, rewards, transactions, FICO score, notifications, and communication preferences. You can update your information and manage bank accounts while paying your bill. Finally, you get one-touch dialing for customer service.

2. Free FICO Score

Before you can build your credit score, you have to know what it is. The Mercury credit card gives you completely free access to it. You can check it for accuracy with your app. Additionally, it allows you to see what makes your credit score fluctuate easily. You can take all of this information and use it to build a strong credit score.

3. No Annual Fee

Unlike some credit cards, the Mercury credit card has no annual fee. You won’t have to pay for having the card. This way, you can use it as much or as little as you like without a problem. Having no annual fee is good for someone who doesn’t plan to use their credit card a lot. So you don’t have to worry about spending enough to offset this fee.

4. MasterCard Worldwide Acceptance

MasterCard is one of the most widely accepted credit cards available. You can use it worldwide at over 40 million different places. This is great news for people who don’t want to carry multiple cards because they’re afraid a vendor won’t accept it. Carry one card, use it anywhere, and build your credit at the same time.

5. $0 Fraud Liability

The Mercury MasterCard protects cardholders if they lose their card or someone steals it. You’ll get $0 fraud liability. This means that the lender won’t hold you accountable for any fraudulent purchases. As long as you report your card lost or stolen, they’ll fix it. The lender will close your card, wipe out any fraudulent balances, and issue you a new one.

Mercury Credit Card – Cons

1. 3% Foreign Transaction Fee

Unfortunately, the Mercury credit card comes with a 3% foreign transaction fee. So if you run your card through any non-US bank, you’ll pay this fee. It happens every time you use your card with a non-US bank. If you travel, you can easily pay hundreds extra simply for using your card. It also adds it for online purchases through non-US banks or ATM withdrawals.

2. High Interest

For being a simple card, you’ll pay a higher interest rate. If you don’t plan to carry a balance from month to month, this won’t be a big deal. However, it’ll add up if you do. The interest rate is 26.40%, and it can vary based on the Prime Rate. Also, people with lower credit will pay more in interest fees.

3. High Balance Transfer Free

If you’re getting a credit card to do balance transfers, this isn’t the card for you. You’ll pay either $5 or 4% of the transfer amount each time you do a balance transfer. The lender will charge you whichever amount is greater. Also, you’ll start paying the 26.40% interest straight away. There is no grace period.

Applying for the Mercury Credit Card - About the Mercury MasterCard application

Miscellaneous Information About the Mercury Credit Card

When you apply for this credit card, it impacts your credit. It can either positively or negatively impact it. To make it more complicated, there are many things that factor into the impact. The lender isn’t clear on what the factors are either.

The lender will send you a pre-approval notice for the Mercury credit card. It comes with a reservation code, and this is how you start the application. You have to go to the website and input the code to start the application. You’ll fill in and review your name, address, and important account information. Once you submit, you’ll get an instant approval or denial.

One unique point is that you can only apply for the Mercury credit card if you get a pre-approval letter. So if you don’t have the reservation code, you can’t access the application. The lender won’t accept it otherwise.

Mercury MasterCard Bottom Line

The Mercury credit card is a unique option to look into. However, you can’t apply without a reservation code. This cuts out many potential applicants. The app itself is a large selling point that can be beneficial. All in all, it’s worth a look if you do get a pre-approval notice.

Credit Fast has reviewed the best card offers on the market. Some of the credit card offers are from our advertising partners. So Credit Fast has objectively reviewed the features and benefits of each business credit card application.

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Petal Credit Card Review – Petal Visa Card Pros & Cons

Petal Credit Card Review and Petal Card Application

Petal Credit Card Review of the Petal Cash Back Visa Card

Building your credit can be difficult, especially if you want to get a credit card to help. Denials can drop your credit score, but the Petal card is different. The application process is straightforward, and it comes designed to build credit. We’re going to outline the pros and cons of the Petal credit card below. This way, you can see if the Petal Visa card is a good fit for your situation or not.

Petal Credit Card – Petal Card Pros

1. Apply With No Credit History – Petal Card Application

One of the biggest benefits of the Petal card application is that it doesn’t require a credit history. You do have to be a citizen of the United States with a social security number. However, they weigh more than your credit scores with the Petal card application. The Petal credit application uses an algorithm that analyzes your savings, income, and spending to give you the best approval odds possible.

Learn How to Apply Using the Petal Card Application:  CreditSoup Limited/No Credit

2. No Fees

Another huge bonus that puts the Petal credit card in a league of its own is the fact that it has no fees. This means on whatsoever. You’ll never pay an annual fee with this card. Since it’s a rewards card, this is very rare. There’s no foreign transaction fee so that you can travel with it. There is also no late payment fee associated with the Petal credit card. It’s a great way to build credit and save the most money possible.

3. Money Management Tool

A big part of building your credit is learning how to manage your money properly. With the Petal Visa card, you get all of the tools you need. Their exclusive money management tool is a free service to all Petal cardholders. So you can track and analyze where your money goes each month. In turn, this can help you manage your spending and save money.

4. Earn Cashback Rewards Using the Petal Cash Back Visa Card

Unlike some cards, the Petal cash back Visa card offers a unique system. You’ll get cash rewards for every purchase you make using the card. From your first purchase with the Petal cash back Visa card, you’ll earn 1%. However, if you make 12 on-time payments, your rate goes up. Petal will bump your cashback rewards to 1.5% on each purchase you make. If you use the card a decent amount, you can earn quite a few cashback rewards.

5. Variety of Credit Limits

The algorithm will choose your creditworthiness. However, there are several different credit limits it can assign you. What’s even better, the lowest one is $500, and the credit limits go up to $10,000. Additionally, you have chances to get a higher credit limit with responsible card use. Once you make between 6 to 12 payments on time, Petal will automatically review your account for an upgrade.

6. Excellent Travel Card

Since there is no foreign transaction fee associated with this card, its’ great for travel. The Petal credit card can save you between 1% and 3% per transaction when you travel. This is huge news for people who routinely use non-United States banks. You’re able to use your card around the world without worrying about excess fees.

7. Broad Acceptance With the Petal Visa Card

This card is a Visa, and this means that you get a broad acceptance rate. Since Visa is one of the largest credit card brands in the world, you shouldn’t have problems finding a vendor. Additionally, this wide acceptance removes the need to carry multiple cards. You can carry one or two cards with knowing that you’ll be able to have vendors accept them.

8. Roadside Assistance

If you lock yourself out of your car, break down, or need a tow, the Petal card can help. You’ll get comprehensive roadside assistance right when you need it. You do pay for every use of it. However, it’s nice to know that you’ll be able to quickly and easily source the help you need. This is especially useful for travel when you may not know the best locksmith or tow companies available.

9. Waiver for Auto Rental Collision Damage

Part of the cost of renting a vehicle comes from opting in for rental insurance. You have to have coverage in the event of an accident. If you don’t, you’ll have to pay out of pocket. So you can keep your costs down by using the Petal credit card waiver. This waiver covers vehicle damage and theft when you rent one.

10. Petal Visa Card Mobile App

The Petal mobile app allows you to keep a close eye on your account while building your credit. You can connect all of your bank accounts in the encrypted app. This allows you to monitor your spending from a dedicated account. You’ll be able to watch exactly where your money goes each month. You’ll also be able to catch any fraud or issues early.

Petal Credit Card – Petal Card Cons

1. Higher APR

At the end of the day, this is still a rewards card. On top of that, this is for rebuilding credit with lower credit scores. When you add these things together, the higher APR makes sense. You’ll get a variable APR that ranges between 15.24% and 26.24%. If you routinely carry a balance, this can add up quickly.

2. Very Basic Rewards With the Petal Cash Back Visa Card

Yes, the Petal credit card does come with some rewards. But the rewards you get are really very basic. There aren’t extra incentives with the rewards categories. You don’t get rotating categories. Additionally, it takes you a year to get to 1.5% for cashback. This means that if you spent $1,000, you’d only earn $15. That’s a lot of work for very little reward.

3. Can’t Change the Due Date Withe the Petal Credit Card

Petal’s due date is firm. You can’t change when you have to make your minimum payment by once you get the card. So this means you have to shuffle some of your finances around to make your payment. If your payment falls on a holiday or weekend, give it extra days to process. This makes it easy to make mistakes and end up with late payments.

4. No Cash Advances With the Petal Visa Card

A cash advance is a short-term loan you can get from an ATM with some credit cards. However, the Petal credit card doesn’t allow them. This means you’ll have to go through alternative routes to get the money you need. While this isn’t necessarily a deal-breaker, it is something to consider. If you have a fair credit score you can compare the Blaze MasterCard to the Petal Visa.

Petal Card Application Information

Petal Cash Back Visa Card Bottom Line

The Petal Visa card is a solid choice for rebuilding your credit. Since the Petal card application offers a pre-approval screening, you can see if you qualify without hurting your credit. As long as you use it responsibly, you can build your credit. If you’re in the market for a simple card with flat-rate rewards, we encourage you to check out the Petal Visa.

Interested in learning more about the Petal Card Application?: CreditSoup Limited/No Credit

Credit Fast has reviewed the best card offers for no credit or limited credit history on the market. Some of the credit card offers are from our advertising partners. So Credit Fast has objectively reviewed the features and benefits of each business credit card application. Finally, we have ranked the offers below in the order of our editor’s recommendations.

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10 Easiest Store Credit Cards to Get

Looking for the easiest store credit cards to get?

The 10 Easiest Store Credit Cards to Get for Bad and Fair Credit

This article will outline the 10 easiest store credit cards to get. You’ll get instant approval store credit cards with some of our picks. But, they’re not guaranteed. Most of our picks fall into the category of the best store credit cards to build credit. They’re perfect for people with bad to fair credit scores. So if your credit score makes the cutoff, the best department store credit cards will upgrade you. For example, you could get the Best Buy store card or the Best Buy Visa.

You apply with a single application, and the lender will look at your credit history. They’ll either deny or approve it and give you instant online store credit. Some allow you to pre-qualify without a hard credit inquiry like the Kohl’s charge card. We’ll give you a short summary of the cards below.

1. Walmart Store Credit Card and Walmart MasterCard

Arguably one of the easiest store credit cards to get is the Walmart credit card. It comes in two versions. You can either get the Walmart credit card or the Walmart MasterCard. You’ll gain access to the 3-2-1 Save program with this card. It comes with decent rewards in specific categories. You get special financing offers for those big-ticket purchase. As long as you pay your balance off within the set amount of time, you won’t pay interest. It’s a solid option if you do a lot of shopping at Walmart as a whole. Additionally, it has a relatively straightforward application process.

Walmart Credit Card Review

2. Target REDcard

The Target REDcard comes with a host of benefits that include being one of the instant approval store credit cards. You’ll get access to a host of perks that non-cardholders don’t get. For example, Target will send you warnings about sales and special discounts. Cardholders get a 5% discount in-store or online, free shipping, and no annual fees. If you fill prescriptions, you’ll get an addition 5% off for every two you fill to use when you shop. You can use it in tandem with the Cartwheel app, and it offers an extended return period. Finally, cardholders get access to premium member-only events and promotions.

Target REDcard Review + YouTube Review

3. Comenity Wayfair Credit Card

Do you routinely shop at Wayfair? If so, you could benefit from the Comenity Wayfair credit card. It offers cash back each time you use it at a rate of 3% at Wayfair and a few other retailers. So if you spend $250 in the first three months, you get a $40 bonus. Every order you make comes with free shipping and special financing. You do have to choose between cash back or special financing. It builds your credit and has no annual fee. This is also one of the easiest store credit cards to get without a hard inquiry. Finally, cardholders get optional furniture assembly on every online order.

Comenity Wayfair Credit Card Review + YouTube Review

4. Fingerhut Credit Account

Fingerhut has been around for years, and they offer a huge range of products. It has a very straightforward application process with a 60-second approval time. So you get instant online store credit with your approval. If you don’t make it, they offer you the Fingerhut FreshStart Loan program. Also, the flexibility of this program is a huge draw. You make monthly installment payments at affordable rates. There is also no deposit to worry about. You don’t even have to use it to help build your credit. Just having it active is enough. However, you can only use it at Fingerhut.

Fingerhut Credit Account Review + YouTube Review

5. Express Credit Card

This is one of the best department store credit cards for fashion. Available at Express store, this card offers a host of perks. So you get 20% off of your first order simply for having the card. Cardholders get free shipping on their orders. There are also two reward tiers, and you earn 20 points for every dollar you spend. For your birthday each year, you’ll get either a coupon or a physical gift. There is no annual fee to worry about, and you earn around $10 in rewards for every $125 spent.

Express Credit Card Review

6. Kohl’s Credit Card

The Kohl’s credit card is the easiest store credit cards to get. Also, there is a Kohl’s in almost every state that makes access easy. It gives you coupons for 15%, 20% or 30% off your purchases once a month. The signup bonus is 20% off your first order with more discounts on online orders. It comes with the Yes2You Rewards program and Kohl’s Cash just for having the card. If you spend more than $600 per year with your card, you’ll get 18 additional discounts. Track your purchases and combine discounts to maximize your savings with this card too.

Kohl’s Charge Card Review + YouTube Review

7. Best Buy Credit Card and Best Buy Visa Card

Use this card at Best Buy and get a huge 5% cash back reward. You’ll earn two points to the dollar for every other location you use your card. You get either rewards or promotional financing as an introductory offer. There is no annual fee or a low annual fee. It comes with free shipping on all of your Best Buy orders charged to the card over $35. There are two status tiers you can work your way through to maximize your savings. So this card has a very easy application process, as well.

Best Buy Credit Card Review

8. Macy’s Store Card and Macy’s American Express

If you shop at Macy’s, this card is one of the best store credit cards to build credit. Since there are stores all over the United States, you can use it a lot. It’s accepted anywhere American Express is. It comes with a Thanks for Sharing program that gives you discounts on certain purchases. There are four rewards tiers and Star Passes for further discounts. This card has lower credit score requirements for eligibility. Additionally, you’ll earn rewards points on everyday spending that you can use for discounts.

Macy’s Card Review

9. Nordstrom Credit Card and Nordstrom Visa

Anyone who shops at Nordstrom on a regular basis can benefit from the Nordstrom credit card. So you get four tier levels for rewards to work through. Shop at Nordstrom, Nordstrom Rack, or Nordstrom online and earn double points. You get a $20 reward voucher when you hit 2,000 points. The card gives you early access to the annual Anniversary sale, and there are triple point days. Also, the rewards are unlimited as well. If you spend $100 the first day you have the card, you’ll get a $20 bonus.

Nordstrom Credit Card Review

10. Sears Card and Shop Your Way MasterCard

Sears’ Shop Your Way program rewards you for shopping at Kmart, My Gofer, The Great Indoors, Sears, and Landers’ End. You earn 10 points for every purchase at least locations. 1,000 points add up to a $1 in rewards. Once you earn rewards, they sit in your account for a year. This program is unique because it also takes layaway into account and gives you points. Every prescription you refill gives you 500 points. You’ll get special discounts or sales for being in the program as well.

Shop Your Way Sears Card Review + YouTube Review

Bonus: Are you looking for a Visa Credit card?

The Petal Visa Card is a major credit card offer for people who have no credit, limited credit, or fair credit. This is a no annual fee credit card earning 1% – 1% cash back. Also, if you have bad credit we recommend that you review our top 3 Secured Credit Cards.

Bottom Line on the Easiest Store Credit Cards to Get

So these top 10 easiest store credit cards to get are perfect for helping you rebuild your credit. Several of them give you instant approval and flexible options. If you routinely patronize one of these stores, it can be a good idea to apply. Also, for more information on each card, click on the store review links. Learn the benefits and drawbacks with my in-depth reviews!

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Amex SimplyCash Business Credit Card Review

The Amex SimplyCash Business Credit Card is a New Type of Business Card Offer From American Express

Amex SimplyCash Business Credit Card Review of Benefits and Drawbacks

For business owners with excellent credit, the SimplyCash Plus Business Credit Card is a great choice. You’ll get a low-cost way to pay your business expenses plus a host of other benefits. There are also drawbacks attached to the Amex SimplyCash, and we’ll outline those as well. This way, you’ll know whether or not this card is a good choice for you.

SimplyCash Plus Business Credit Card Benefits

1. Introductory APR

Do you have a big purchase in mind? If so, you can take advantage of the Amex SimplyCash card’s introductory APR. You get up to 0% APR for the first 15 months you have the card. This allows you to split your large purchase up and pay it off before your card’s interest rate kicked in. This could potentially save you hundreds.

2. No Annual Fee with the Amex SimplyCash Business Credit Card

This is a rewards card, so you’d think the Amex SimplyCash card would have an annual fee to balance out your rewards. However, it doesn’t have an annual fee. You can use your card as little or as much as you’d like without trying to justify it. The SimplyCash Plus Business Credit Card from American Express is excellent for people who are more casual credit card users.

3. Expandable Buying Power

This perk is something unique to this card. Expandable buying power allows you to exceed your credit card’s limit without a penalty. You can make even larger purchases for your business with it. Additionally, you earn cash back for these larger purchases to maximize your rewards.

4. Amex SimplyCash Rewards

You’ll earn 5% cash back wireless telephone services and office supply stores. You’ll also earn 3% cash back on a bonus category of your choosing. These rewards appear as a statement credit on your next billing cycle. They do cap at $50,000 before dropping to 1% cash back. Also, they have to be in the United States, and your 3% choice comes from a list of eight options. You also earn 1% back on all other purchases.

5. Employee Cards

It’s free to open employee cards with the Amex SimplyCash. You can also quickly and easily set individual spending limits for each card. These spending limits are adjustable. This flexibility makes it easy to monitor your business’s cash flow and your employee’s spending.

6. Travel Protections

This card protects you when you travel abroad as well. It’ll give you car rental insurance, roadside assistance, baggage insurance, and accident insurance. The Global Assist hotline helps you when you travel more than 100 miles from home. You get access to legal help, financial help, passport replacement, lost luggage help, and more.

7. Expense Management Tools

When you have several employee cards, keeping track of them all is a must. You’ll be the account holder and get several tools to help. Spend Manager lets you add notes to each transaction, and account alerts help to prevent late payments. Connect it to Quickbooks, get a yearly summary, and keep track with tablet and mobile apps. You’ll get everything you need to manage your card.

8. Purchase Protection

When you buy something with the Amex SimplyCash, you get added protection. Purchase protection helps you if an item gets broken or stolen. Buy the items with your card and get protection for up to 90 days. This applies only to items that you purchase with your card.

9. Extended Warranty

Buying larger or more expensive items with short warranties? If so, the Amex SimplyCash will help. Also, if your item has a warranty of fewer than five years, the card will extend it. All you have to do is purchase the item with the card to get an additional year. This is great for big-ticket items.

SimplyCash Plus Business Credit Card Drawbacks

1. Credit Required

You have to have excellent credit above 690 to get this card. It cuts out a lot of people who have less than stellar credit. Ideally, your credit score would be well into the 700s before you apply for this card. This way, there is a reduced chance of the lender denying it.

2. Foreign Transaction Fee

Even though this card offers travel perks, you’ll pay for it. They’ll add a foreign transaction fee if you use the card through non-United States banks. This includes ATMs and shopping abroad. You’ll pay 2.7% each time you use your card abroad. These charges will add on to your bill in your next billing statement.

3. Stuck in Bonus Categories

Once you pick your bonus category, you’re locked in for a year. This means if your circumstances change and you don’t use it, you lose out. At the end of the calendar year, you can switch it out to another category from the eight. They include dining, gas stations, and more.

4. Variable Interest

The interest rates aren’t too bad for this card considering it’s a reward card. However, you’ll pay between 14.49% to 21.49%. This is a variable interest rate too. Your rate will depend on your credit score when you first apply for the card. If you don’t carry a balance, it’s not a huge deal.

5. Rewards Cap

Your 5% and 3% reward rates have a maximum cap with the Amex SimplyCash. You can only spend $50,000 in each category and get higher reward rates. So once you spend this amount, your reward rates plummet. They fall to 1% in all three categories. They don’t reset either like other cards.

Bottom Line with the Amex SimplyCash Card

So, is the Amex SimplyCash card from American Express a good idea? The answer is yes, and no. It’s great for businesses who need a little flexibility. However, you want to consider how fast you’ll hit the maximum rewards cap. For smaller businesses, it could take a while. If you hit the caps right away, you may want to reconsider. Overall, it’s a solid rewards card that is worth considering.

Credit Fast has reviewed the best business credit card offers on the market. Some of the credit card offers are from our advertising partners. Credit Fast has objectively reviewed the features and benefits of each business credit card application. We have ranked the offers below in the order of our editor’s recommendations.

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Credit Sesame Free Credit Monitoring Review

Receive a free credit report through Credit Sesame along with the Credit Sesame App.

Free Credit Monitoring With Credit Sesame

Credit Sesame is a way to get a free credit score that can help you rebuild your credit. You can also use it to monitor your credit. Several benefits come with using Credit Sesame and some drawbacks. Because we want you to get a good overview of the service as a whole, we’re going to talk about both.

How Credit Sesame Free Credit Monitoring Works

Once you go to the website, you’ll click to sign up. This will take you to a page where you fill in your email, name, address, and the last four digits of your social security number. The site will send an email to the one you registered with for you to verify your account. Once you verify it, you’ll be able to log in and look at your credit score, and it’s impact.

Credit Sesame doesn’t require you to put credit card information in right away. You can start with a free account and upgrade later. The site will update your credit score once a month. You can log in as much as you’d like during that month without a problem.

Credit Sesame: Sign Up For A Free Credit Account

Credit Sesame Benefits

1. Free Credit Monitoring Using TransUnion

Once you have an account, you can use it to monitor your credit score constantly. This is very helpful if you want to try and rebuild credit. You’ll be able to see exactly what drives your credit score up and down each month through the dashboard. It has an area where you can see what changed to influence your credit score.

2. Credit Sesame Will Alert You

You can set your account up to be as interactive as you want. For example, they allow you to get alerts every time something changes. Even if your score just drops a few points due to an inquiry, they’ll alert you. This is excellent for anyone worried about identity theft or fraud. It lets you catch it much quicker, and you can also fix it using Credit Sesame.

3. Identity Theft Protection

You get identity theft protection up to $50,000 through the site. It covers forgery, theft, embezzlement, fraud, stolen identity event, and data breaches. This feature sets this service apart for many other free credit score checkers out there. You can use the money to help cover legal fees and certain expenses.

4. Handle Your Debt

Being able to see your total debt can really hammer home just how deep you are in. You get a bright chart that tells you exactly how much you pay per month to debts. This could inspire you to pay even more to get out of debt quicker. It tells you what accounts you pay and how much you pay per account.

5. Free Tips

If you’re trying to fix your credit score for the first time, it can be very overwhelming. This is why you can take advantage of free tips and education. These are actionable tips that range from opening a secured card to working with a third-party. You can also get a good understanding of precisely what helps and hurts your score.

Use the Credit Sesame App to track your free credit score.

6. Credit Sesame App

You can check your free credit score on the go with the Credit Sesame app. It’s a secure and encrypted app for both Android and iOS. Once you log into the Credit Sesame app, you’ll have everything you need to monitor your score. This is helpful if you get an alert when you’re out and about and want to check it straight away. Just make sure you don’t save your login information in case you lose your phone.

7. Help Choosing Credit Cards

Taking steps to build up your credit means doing more than just monitoring your free credit score. You also want to get different types of accounts on your credit report to increase your history. You’ll be able to log in and look through credit cards where your approval odds are good. They also offer loans from third-party lenders to help you build your score.

8. Membership Tiers

The free account with Credit Sesame works just fine for most people. But people looking for more protection can take advantage of their membership tiers. There are three available, and each gives you access to more tools. They include:

  • Advanced Credit – The lowest tier offers one daily credit score update. You’ll also get three full credit reports updated every month. It costs $7.95 per month annually and $9.95 monthly.
  • Pro Credit – You’ll get everything in the free and Advanced tiers. It also comes with credit monitoring and alerts from all three credit bureaus and access to support. You’ll pay $12.95 per month annually or $15.95 month to month.
  • Platinum Protection – The final tier comes with everything you get in the first two tiers. It has live help for lost or stolen wallets, social security monitoring, dark web monitoring, and public record monitoring. You’ll pay $15.95 per month for an annual membership and $19.95 for a month to month plan.

Free Credit Score App Credit Sesame

Credit Sesame Drawbacks

1. Can Be Expensive

If you decide you’d like to have a paid membership tier, it can be expensive. Also, it’s even more costly if you don’t buy it on an annual basis. So this can be difficult for people who don’t have the extra income to take advantage of and use.

2. Putting Your Personal Information In

Yes, the website is secure and encrypted. However, Credit Sesame is still a website. You have to put in the last four digits of your social security number and other identifying information when you sign up. Because only the last four digits of your social security are required, the risk is lower. This is a risk, but many people believe that it’s worth it because of the features the site has.

Credit Sesame only requires the last four digits of your social security number.

3. Targeted Emails With This Free Service

Once you sign up, Credit Sesame will start sending out targeted emails. The Credit Sesame service is completely free. So these emails and ads are how the service remains free to consumers. They will target credit card offers based on your credit score, which can help you. Credit Sesame will recommend credit card offers, which they know you will have a stronger chance to get approved. If you are rebuilding credit, this can help you avoid rejection letters in the mail and unnecessary hard credit inquiries.

4. You Pay for All Three Reports

Credit Sesame is technically a free credit monitoring service. However, this is from just one credit bureau Trans Union. If you want all three, you have to use a paid membership. While it may not be expensive, it’s still cheaper to buy an annual membership. You’ll pay around $2 more per month for a monthly membership. You should consider a paid membership if you plan to buy a home.

Bottom Line on the Free Credit Score Credit Sesame Monitoring Service

Credit Sesame is a valuable tool for anyone to use and take advantage of. The fraud protection is an excellent perk to have if something were to happen and you needed it. So if you haven’t checked it out already, take a look. Use it to build and monitor your credit score throughout the year. It’ll give you the peace of mind that comes with knowing your information is safe.

CreditFast reviews the best credit cards and financial service products on the market. Some of these financial offers are from our advertising partners. CreditFast has objectively reviewed the features and benefits of each offer. We have chosen these credit financial offers based on our editor’s recommendations.

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Best Buy Credit Card Application Review – Best Buy Visa

Review the Store Best Buy Credit Card and Best Buy Visa Card benefits and drawbacks.

Best Buy Credit Card Application Review

Best Buy has a large selection of electronics, and they offer a store-branded card. The Best Buy credit card comes with great perks for people who shop there routinely. It’s relatively easy to apply to help you build your credit. There are two versions of the Best Buy credit card application you can apply for. The Best Buy Visa can get used anywhere Visa is accepted. The Best Buy credit card is only eligible for use at Best Buy. So if you’re considering this card, read on to find out the benefits and drawbacks.

Best Buy Credit Card Application Benefits

1. High Cash Back

The Best Buy rewards credit card gives a great cash back option for loyal cardholders. Each time you spend $1 at Best Buy, you earn 2.5 points. Accumulate 250 points to get a $5 rewards card. This works out to 5% cash back for Best Buy purchases.

The Best Buy Visa card also gives a decent amount of cash back. The base rate is one point each time you spend $2. Use your card at bars, restaurants, gas stations, and grocery stores to earn one point for every dollar. Finally, using your card at membership clubs like gyms and golf courses earns you 1.5 points per dollar spent.

2. Best Buy Rewards Credit Card Introductory Offer Choice

When your Best Buy credit card application gets approved, you get a choice for your introductory offer. You can choose promotional financing or rewards. The promotional financing would be a good choice if you had a large purchase in mind. You get 6 to 24 months to pay for purchases over $199 and up. If not, the Best Buy rewards may be a better pick.

3. Best Buy Rewards Bonus

Best Buy Cardholders who pick the rewards bonus get an additional 5% back on the first purchase they make. There is no minimum amount for this first purchase. You’ll automatically get 10% back. However, you do have to make this purchase within two weeks of opening the card. If you don’t, you miss out.

4. No Annual Fee or Low Annual Fee

A second thing sets the Best Buy credit card apart. Even though it’s a rewards card, there is no annual fee on the store-branded card. You’ll be able to shop and earn rewards as much as you want. However, you have to have good enough credit to qualify for this card.

If you don’t qualify for the store-branded card, you could possibly get the Best Buy Visa. There is a no annual fee Best Buy Visa Card but this card might come with a $59 annual fee. This still isn’t too bad because you have a significant potential to earn rewards. However, you do have to justify the cost of the annual fee by earning rewards.

5. Status Tiers

Both versions of the Best Buy credit card come with a tiered status. If you spend $1,500 annually with the store-branded card, you’ll earn Elite Status. The rewards Visa will upgrade you to Elite Plus for spending $3,500 annually. Each tier comes with perks. They include:

  • Elite: Free shipping, 30 day return window, and a dedicated customer service line for Elite members
  • Elite Plus: Free two-day shipping, 45 day return window, 6% back in rewards for Best Buy purchases and a dedicated Elite Plus customer service line

6. Free Shipping

When you use your Best Buy credit card for purchases over $35, you get free shipping. This is great if you live somewhere more remote and you need to pay more to ship. Also, you’ll save money each time you purchase things from Best Buy, and this can really add up. So when you combine this with your rewards, the potential is big.

Best Buy Credit Card Application Drawbacks

1. Expiration on Rewards

Once you earn rewards, you use them or lose them. Anyone who hasn’t made tier status has just 60 days. If you don’t use them at this time, they go away. If you make Elite status, you have 12 months to use your rewards. Credit card rewards expire at this point if they’re still on your account.

2. Stipulations on Special Financing

If you choose buy now pay later promotional credit financing over rewards, you get four categories. They are:

  • 0% APR for six months on items up to $199
  • 0% for 12 months on items at least $399
  • 0% for 18 months on major appliance items at least $599
  • 0% for 24 months on home-theater items at least $799

The problem lies in not paying it off in time. If you don’t, you’ll get hit with deferred interest charges. These charges go back every month to the time you bought your item. If you have a higher APR, you could pay hundreds or thousands in interest alone. For example, I bought a DSLR camera with 18 months 0 interest. If I did not pay the entire balance off before the 18 months, the back interest charged would have been $585. So it is essential to know when your special financing term expires.

3. Higher APR

Yes, the Best Buy credit card is a rewards card. This means the interest rate would be a little higher. However, the lowest rate is 20.79%. It goes up to 22.99% for fair credit, 25.76%, and 27.49%. All of these interest rates come base on your credit score at the time you apply for the card.

4. Balance Transfer Fee With the Best Buy Visa

So if you want to transfer balances to your Best Buy credit card, you’ll pay for it. You’ll pay a 5% balance transfer fee each time you transfer to it. Also, they’ll immediately hit you with a 27.49% monthly interest rate. This can quickly dig you deeper into debt. It’s not a good card if you plan to transfer balances to it.

Apply for the Best Buy Store Card or Visa Card
CreditFast does not receive financial compensation for recommending the Best Buy credit card application. I have the Best Buy Visa Card and found it very useful for my business. I used my Best Buy Rewards Card to purchase this laptop that I am using to publish this blog post. So I was able to afford to buy this laptop because of the 18 months 0 interest financing promotion option. I stress to always pay your balances off in full before any Best Buy promotional offer ends.

10 Best Store Credit Cards to Build Credit With Easiest Store Credit Card Approvals

Bottom Line on the Citi Best Buy Rewards Visa

So the Best Buy rewards credit card is the right choice for people who shop at Best Buy a lot. You can really pack in the rewards points and savings. There are some downfalls, though, and you want to avoid them. Finally, if you use your Best Buy Visa Card smartly, it can help you build your credit and buy some nice items.

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Avant Card – Avant Credit Card Review

Avant Card Review and Avant Credit Card Application MasterCard

Avant Card – Avant Credit Card Review Issued by MasterCard

The Avant card is a solid choice for people in the fair credit range. People in this area may have difficulty finding some cards, but the Avant credit card isn’t one. Whether you’re new to the fair credit score category or you want to diversify your cards, this one’s for you. We’ll outline the Avant card benefits and drawbacks. You’ll have all the information you need to make an informed decision on the Avant credit card application.

Avant Credit Card Benefits

1. No Deposit is Required With the Avant MasterCard Application

Applicants rejoice! You won’t need a deposit to open this card. It does look at your credit score to help determine your deposit amount. However, you won’t have to worry about coming up with a deposit. You’ll simply be able to get a line of credit based on your fair credit score. For people who are used to secured cards, this is a huge bonus.

2. Avant Credit Card Application is Easy and Fast

The Avant MasterCard has a very streamlined and easy application process. You can apply online in a matter of minutes. You simply input your relevant information and let it run. The lender will check to see if you pre-qualify first without impacting your credit score. You’ll know in a matter of minutes whether or not your credit score qualifies you for the Avant card.

3. Reports to All Three Major Credit Bureaus

Unlike some credit cards, the Avant credit card reports to all three major credit bureaus. This means that using it responsibly can increase your score. You do want to make your payments on time and watch your utilization ratio. Try not to use more than 30% of your total limit. These things can boost your score.

4. No Penalty APR With Avant

Once you get your APR, it doesn’t move. You won’t get a higher rate if you accidentally miss a payment. This is great for when life gets busy, and you forget to schedule your payment. You’ll pay the same interest rate. Additionally, everyone pays the same interest rate. You won’t pay more each month if your credit is on the low end of the fair spectrum.

5. No Hidden Fees Charged

Some lower credit cards come with hidden fees. These can be things like interest increases, fees to open an account, or balance increase fees. However, you don’t have to worry about this with the Avant card. There are no hidden fees with this card. What you do pay, the lender will spell out for you.

6. Automatic Credit Line Increases

Avant’s lender will reward you for practicing good credit habits. They’ll review your account for credit increases automatically. This usually involves making five or six payments by the due date. They’ll notify you when they decide to give you a credit line increase.

7. Avant MasterCard is Widely Accepted

The Avant card is a MasterCard application. This means that any vendor that accepts MasterCard will accept your Avant credit card. It’s useful if you don’t plan to carry a bunch of cards with you. Instead, you can just take one card and use it anywhere that you would use any other MasterCard. This is great for people who don’t want to worry about potentially losing a lot of cards.

8. No Foreign Transaction Fee

If you plan to travel and need a credit card, you can with the Avant MasterCard. There is no foreign transaction fee with using this card. This means that you won’t pay extra if you use it for purchases through a non-US bank. Also, you can use it at ATMs around the world without paying an extra percentage for it. This is rather unusual. Other than the Capital One Platinum Card most other credit cards for fair credit charge foreign transaction fees.

9. Zero Fraud Liability on Unauthorized Purchases

Should you have unauthorized purchases on your card, you won’t pay for them. The Avant MasterCard offers zero fraud liability for their cardholders. It’s a safety net if your card gets lost or stolen. You report it to them, they close the card, and they reverse the charges. You’ll get a new card issued to you without paying anything extra for it.

10. Payment Convenience With a Variety of Payment Options

You can pay a variety of ways with this card. You’re allowed to mail your payment in. However, you do want to make sure you give it ample time to get there. There’s also a payment portal. You can access it from your phone, tablet, or PC. Your payments post within 24 hours, so it’s great for last-minute ones.

Credit Cards for Fair Credit

Avant Card Drawbacks

1. Annual Fee

This card will charge an annual fee each year you have it open. You’ll pay $29 a year for this card. While this isn’t a large amount, there are no rewards to balance it out either. This fee will appear on the first statement of the year. You simply pay it when you pay your bill.

2. Not Available in All States

One odd quirk about the Avant credit card is that it isn’t available in all 50 states. Residents of Colorado, Iowa, Vermont, West Virginia, and Wisconsin can’t apply for this card. Don’t bother trying to apply for it if you’re in one of these states. The lender will reject your application for it.

3. Higher APR

If you’re on the higher end of the fair credit spectrum, the APR can be high. Everyone with this card gets an APR of 26.24%. If you carry a balance every month, this can very quickly add up. However, you can avoid it by paying your balance in full. It’ll teach you responsible use at the same time.

4. Credit Score

A fair credit score ranges between 600 and 700. This is according to the Avant card. It’s not terrible, but it’s high enough to knock some people out of the running. If your credit is below 600, you won’t be able to get this card. You can apply once you meet the minimum requirements.

5. No Introductory APR

There is no introductory APR period with this card. You’ll start paying the monthly APR from the first month you have the card open. Again, paying your balance off each month can help you avoid it. However, it’s also a way for you to get a lot of additional money added to your balance.

Need more information about the Avant Credit Card Application?

Compare the Avant credit card application with other fair credit card offers to find the right card to fit your lifestyle.

Avant MasterCard – Bottom Line on the Avant Credit Card Application

For someone with fair credit, the Avant card can be a viable option. It’s a great tool to help you continue to build up your credit. The Avant credit card application process is also another bonus. You know within minutes whether or not you get the card. All in all, I’d recommend taking a look at it if you have fair credit. Just remember to use it responsibly.

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Best
Credit Card Applications!