Best Credit Cards for Young Adults to Build Credit

Comparing the Best Credit Cards for Young Adults to Build Credit

Choosing the Best Credit Cards for Young Adults to Build Credit

Building credit early is essential for young adults. It lays the foundation for a solid credit history for the rest of your life. One way to do this is to get the best credit cards for young adults. They’ll help you boost your credit score straight away. Credit cards also add variety to your credit report, and lenders like to see this. Additionally, they help to teach responsible use from the start. We’re going to give you several credit cards to choose from to suit different stages of your credit building process.

Best Credit Cards for Young Adults to Build Credit Using Secured Cards

Establishing credit can be difficult for anyone. It presents unique challenges because most lenders require established credit before they work with you. However, you do have options available to you. A secured credit card can cost more upfront, but it’s a good first stepping stone. Secured credit cards come with more restrictions, but they help you get into good habits.

Who is a secured credit card good for? Many secured credit cards require you to put money down when you open it. This money down becomes your line of credit. It’s usually between $200 and $500, but it can go lower or higher as well. You also usually need a bank account to submit your deposit. However, you get your deposit back when you close the card out as long as you pay it in full. Two good secured credit cards include:

1. Capital One Platinum Secured Card

First up is the Capital One® Secured Card. There is no annual fee with this card if you have it for a few years. The security deposit fluctuates between $49, $99 or $200. It’s fully refundable when you close the card. The final amount of the security deposit depends on your credit score when you first apply for it. You can get a higher credit line when you make your first five payments on time.

Your initial credit line will be $200. You can also choose your due date. The lender gives you payment choices as well. You’re able to pay your bill by check, at a local branch, or online. Finally, it has an annual percentage rate (APR) of 26.99% for every month you carry a balance.

2. Discover Secured Card

The second secured card we have is by Discover. The Discover it® Secured Card is a slight oddity for a secured credit card. For example, it’s a rewards card that offers 2% cash back on your purchases. This applies to restaurants and gas stations. You get 1% back on every other purchase. They also match your cash back amount for the first year. This doubles your profits.

You will need a security deposit to open this card, but your security deposit is fully refundable. There is no annual fee with this card. You also get access to your credit score for free, so you can monitor it. Finally, you get a variable 25.24% APR when you carry a balance from month to month.

Best Credit Cards for Young Adults to Build Credit with Some Established Credit History

Once you have a slightly established credit history, you have more options available for credit building. However, it still requires care to continue improving your score. Once you make it from no credit to good or fair credit, you can look for new options to build credit.

This is the level where credit lenders start to offer you better cards. They’re also more willing to work with you. This is especially true if they can look at your credit history and see consistency. They’re looking for on-time payments, a variety of accounts, and a longer credit history. We have two cards that are great for this credit range. They include:

1. Citi Double Cash Card

The Citi® Double Cash Credit Card is a rewards credit card. You earn 1% back when you buy items. You can earn another 1% back when you pay for purchases over time. There is no annual fee with this card. This is odd for a rewards card, and it allows you to stack your rewards. It also comes with a balance transfer offer. You have a 0% balance transfer APR for the first 18 months.

Having this card gives you access to the Citi Private Pass program. This gives you early access to thousands of events each year. You’ll be able to purchase tickets early, get access to VIP packages, and get complimentary moving screenings. You also get a pass on your first late payment.

CreditFast YouTube Video: Citi Double Cash Review

2. Chase Freedom Card

The Chase Freedom® Credit Card gives you 5% cash back up to $1,500 in purchases in bonus categories. You earn 1% on everything else. There is no annual fee attached to this card. Your rewards don’t expire either. This means that you can stack them for as long as you have the card in good standing.

You won’t pay an APR for the first 15 months that you have the card open. After this, your APR goes up to between 17.24% to 25.99%. You can redeem your rewards for travel, Amazon credits, and gift cards. It comes with fraud protection, purchase protection, extended warranties, and fraud alerts. Finally, you can earn a $150 bonus after you spend $500 in the first three months.

CreditFast YouTube Video: Chase Freedom Credit Card Review

Best Credit Cards for Young Adults to Build Credit: Comparing and Choosing

No matter which stage of building your credit you’re at, a credit card can help. Our roundup of the best credit cards for young adults can start you off on the right path. You’ll be able to use them to lay a solid foundation. Additionally, they work well to help teach you to be financially responsible. They have restrictions and rules you have to work by. However, they’re solid options to anyone who wants to establish their credit.

Once it’s established, you can continue to use them to improve your credit further. If you haven’t checked into them, I recommend it. It may take a while to find the best one to suit you, but there are several choices available. Take your time, shop around, and build your credit.

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Fortiva Credit Card Review – Fortiva MasterCard

The Fortiva credit card is issued by MasterCard.

Fortiva Credit Card Review

You have probably received a Fortiva pre approval letter in the mail. Having less than perfect credit doesn’t necessarily mean you have to get a secured card. The Fortiva card is a lesser-known unsecured option to help you build your credit. However, there are both benefits and drawbacks with the Fortiva credit card. We want you to be able to make informed decisions, so we’re going to highlight them both below. Decide if the Fortiva MasterCard is the right credit card to build credit.

Fortiva Credit Card Benefits

1. EMV Chip

Keeping your identity secure in today’s digital world can be a challenge. However, the Fortiva card works to prevent fraud and identity theft. It comes with an EMV chip built into the card. This adds an extra layer of security to every transaction you make. It’s great if you do a lot of in-store shopping. You’ll be able to shop without worrying as much about potential risks and disadvantages of using store credit cards.

2. Easy Credit Approval For People With Poor Credit

People who have poor credit are severely limited in which credit cards they can and can’t receive. You’re usually tied to a secured credit card that’s very limiting. However, the Fortiva MasterCard is different. It’s specially marketed to help people with poor credit rebuild without a secured card’s traditional restrictions. This can help jump your score a few points once the lender approves you.

3. Reports Payment History to Credit Bureaus

As long as you pay your bill on time each month, this card can help build your credit. It reports to all three credit bureaus each month. The monthly reporting will help you start to build a solid payment history. It helps to show lenders that you can be responsible with your finances. Also, it makes them more prone to approve you for other cards or loans.

4. Free Access to Credit Score

You can’t fix your credit score if you’re not sure what’s wrong. The Fortiva credit card gives you access to your credit score. You can monitor it each month to watch your payment history build. Also, it’s a great way to check for fraud or report errors. Resolving these things can also give your credit score a needed boost.

5. $0 Fraud Liability

Did someone get their hands on your Fortiva MasterCard and make unauthorized purchases? As long as you report it quickly, you’ll get a $0 fraud liability. Your lender will wipe out the purchases and restore your card’s balance. In cases of identity theft, this is a huge benefit. It is subject to MasterCard’s liability rules and regulations though. You may want to take a look at them if you’re not sure.

6. Lower Minimum Payments

The Fortiva credit card comes with very low minimum monthly payments. You’ll pay just 1% of your balance of $10. You’ll pay whichever out of the two is greater. However, this does mean that you pay interest every month. If it’s possible, don’t use over 33% of your total balance and pay it in full each month. Keep your credit utilization low. This can help you get into good financial habits.

7. Wide Acceptance Rate With the Fortiva MasterCard

Despite not being widely known, the Fortiva credit card is a MasterCard. MasterCard is one of the most widely accepted credit card lenders in the world. You’ll be able to use your Fortiva MasterCard anywhere that accepts MasterCard. This reduces your need to carry a backup credit card in case something doesn’t work on your Fortiva Card.

8. No Security Deposit Required

You’d assume that you would need a security deposit to open this card since it’s for poor credit. However, it doesn’t require one since it isn’t an unsecured card. This can potentially save you a little money over a secured option. However, there may be other fees to consider with the Fortiva MasterCard.

Fortiva Credit Card Drawbacks

1. Higher First Year Fees

You’ll pay a one-time program fee and an annual fee in your first year of opening this card. This could amount to around $200, and this is just for the privilege of having the card. There are also account maintenance fees added in for keeping your account open. This applies even if you’re in good standing.

2. No Credit Increases

Even if you make every payment on time, you’re not able to get a credit line increase. Your credit line amount looks at your credit score, and this means that it could be on the low end. There’s nothing you can do about it either. You have to build your credit and close it out when you get another card.

3. APR Range of the Fortiva MasterCard

You’ve probably guessed that this card comes with a higher APR. You’ll pay between 21.99% to 36%. The total you pay each month will depend on your credit score when you apply for the card. If you don’t carry a balance, this won’t be a big deal. However, it really adds up fast over the span of two to three months.

4. Fortiva Card Fees

We briefly touched on the fees that the Fortiva credit card has. However, they have a huge spectrum. You’ll pay an annual fee that ranges between $49 to $175 per year. There’s also account maintenance fees that range between $60 to $159. You’ll pay a one-time program fee for opening the card of $25. All of these small fees really start to add up each year. It may not be possible to have your annual fee waived later. You should compare Fortiva with the Avant Card for fair credit which charges lower fees.

Recommended No Fee Cash Back Credit Card for Limited or No Credit History: Petal Visa Card

5. No Rewards With the Fortiva Card

There are no rewards to try and justify the higher fees with this card. So you could argue that increasing your credit score is enough of a reward. However, this theory will struggle to hold water once you start paying for everything. There are also no perks or special discounts attached to the card. You can try applying for the Discover secured credit card that offers cash back rewards from day one.

Credit Cards for Bad Credit

Fortiva Mastercard Invitation Mail Offer Code

The only way that you can apply for the Fortiva MasterCard is through the Fortiva Mastercard Invitation Mail Offer Code. I search throughout the Internet and could not find an application link for people who wanted to apply online without an invitation. Much like the Mercury Credit Card the Fortiva credit offer is by invitation only.

Bottom Line – Fortiva Credit Card Issued by MasterCard

The Fortiva credit card is strictly for helping you rebuild your credit. For some people, the Fortiva card could be a good unsecured alternative. However, more people will be better off getting a secured card instead. It costs less, has rewards and perks options, and they don’t charge over $200 in fees for having it. Finally, take a look and decide if the benefits outweigh the drawbacks.

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Express Credit Card Review – Express Next Rewards

Express Credit Card Review Learn How to Earn Express Next Rewards

Express Credit Card Review

Have you ever heard of the Express credit card? Express is an American fashion retailer with trendy clothing for men and women. This means that the Express Next credit card is a store or retail card. It could be a good option if you shop there on a regular basis. However, the Express card has both benefits and drawbacks associated with it. It’s important that you know both sides before you decide on applying for it. Curious? If so, read on to find out all about the Express credit card. Learn about how you can earn Express Next Rewards.

Express Credit Card Benefits

1. Percentage Off Your First Purchase

Express will reward shoppers who open a new credit line with them. You’ll get 20% off of your first order simply for using the card. This is a great incentive if you plan to spend a little more straight away. So this is only for your first purchase when you open a line of credit, but it’s a nice perk. This is a store-branded card, so you do have to spend it at Express.

2. Free Shipping

You get free standard shipping with each order you place on online when you are on the A-List. Since many people do shop online, this can add up. It’s great for people who like to buy their clothing from the comfort of their own homes. You earn when you buy, and you save on shipping costs.

3. Express Next Rewards

The Express Next rewards program is generous. So you earn 20 points for every dollar you spend on qualifying purchases. All you have to do is charge the full amount of your Express purchase to your Express credit card. The points will automatically credit to your account. When you earn 2,500 points, you get $10 in rewards.

4. Card Tiers

There are two reward tiers with the Express Next credit card. Your first tier is just for being a cardholder in good standing. The second tier is the A-List. You have to earn 7,500 points from March first to the end of February to qualify. If you do, you’ll get $15 more when you earn 2,500 points.

5. Birthday Gift

Each year on your birthday, Express will automatically send you a birthday gift for being a loyal customer. So the Express Next credit card offers either a physical gift or a coupon. If it’s a coupon, you can then use the coupon on your next purchase at the retailer.

6. No Annual Fee

Like many store credit cards, there is no annual fee. This is common with store-branded credit cards though. All of the points you earn for having this card work in your favor. You’re able to use it a little or a lot without trying to make the rewards outweigh the fee.

7. Low Rewards Threshold

You don’t earn any coupons or $10 credits until you hit 2,500 points. This works out to right around having to spend $125. Also, Express items vary in value so this won’t be too difficult to hit. However, you can see that you spend more for a lower reward. A-List cardholders get a $15 reward instead of $10.

Express Credit Card Drawbacks

1. Store-Branded

The Express credit card is a store-branded rewards card. You can only use it online or in-store at Express. If you don’t shop here a lot, this severely restricts how much use this card will get. However, you can use it online at the store too. This makes it a little easier if there are no physical locations near you. So this is a common disadvantage of store credit cards.

2. Low Starting Limits

This card comes with lower credit limits that can make it difficult to earn rewards. The majority of customers start with a $200, $400, or a $750 limit. This will eventually go up with responsible use. Your initial limit comes solely from your credit score when you apply.

3. High APR

No matter how good your credit score is, the Express card gives you a higher APR. The APR for every customer is 28.49%. This will only apply if you plan to carry a balance from month to month. However, this can add up very quickly if you carry a balance for several months.

4. No Introductory APR

Most cards offer some type of APR-free period for new cardholders. The Express credit card is not one of these cards. You’ll start racking up APR charges from the first month you have a balance. So it is important to pay your balance in full each month in order to avoid interest charges. This can be frustrating if you’re trying to earn rewards and spend more to hit your 2,500 points.

5. Credit Score

The Express Next credit card requires a fair credit score for successful approval. A fair credit score usually has a range of 630 to 689. This shuts out a lot of people who have bad credit. If your score falls below the fair range, you may want to consider applying for it. However, one way to improve your chances for approval is by using the Comenity Bank Shopping Cart Trick. The Express Credit Card is issued by Comenity Bank. Many people with much lower credit scores have been able to get approved this way.

6. Longer Approval Process

You apply for the Express card online. It is possible for you to get an instant decision. However, most applicants go through a longer approval process. It can last from a week to 10 business days. While this isn’t a huge issue, it can still be frustrating if you want to shop with it.

7. Rewards Expire

It takes you longer to earn rewards with this card. The Express Next Rewards you earn also expire each year. If you don’t use these unused credit card rewards they will expire before the year ends, and you lose them. This means you also start back at the basic card tier each year. You have to earn at least 7,500 rewards per year to get back to the A-List tier.

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

Bottom Line

Finally, the Express credit card is a good choice for people who shop Express. You can earn Express Next Rewards on all your Express store and online purchases. However, you just have to be very careful about what you spend. Using your card wisely can pay off with free shipping and discounts. If you have better credit, there are better cards to sign up for and use.

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Payment Cut Off Times for Credit Cards Online

What are the payment cut off times for credit cards?

What Are the Payment Cut Off Times for Credit Cards Online?

Did you know that different credit card issuers have different online payment cut off times? You may think that paying a credit card on the due date is enough, but you’d be wrong. The internet and digital banking have made it easier to make payments. However, payment cut off times are the critical component to keep in mind.

Whenever you have a credit card, the issuer requires you to make your payment each month. This applies as long as you have an existing balance. The issuer will set the date. To stay in good standing, your card issuer has to have your payment by this date. This due date doesn’t change from month to month.

This is true even if it falls on a holiday or on a weekend. You’re required to have your payment in or get penalties. In some instances, your lender will allow you to set the due date. However, the same rules still apply for paying the credit card on the due date.

Understanding Credit Card Payment Cut Off Time Limits

Along with the due date, it’s critical that you pay attention to the time. Unless your issuer explicitly states otherwise, your payment has to be accounted for by 5 p.m. on the due date. If you miss this cut off time, your payment is considered late. It is essential that you double check this though because it varies from issuer to issuer. Some payment cut off times online are as late as midnight on the due date.

As long as your payment processes by the cut off time on the due date, you won’t get penalties. However, if you’re even a few minutes late, you can expect to pay late fees. Again, these fees vary from issuer to issuer. One may be $20 while another is $40 or $50. Either way, they can stack up quickly.

You’re also allowed to make payments before your issuer’s set due date. However, you should only make it a few days early. If you make it too early, it could apply to the wrong billing cycle. This could result in the issuer thinking you missed a bill payment when you did no such thing.

It’s also possible to make more than one payment in every billing cycle. You just have to make sure that you make at least the minimum payment before the due date. This will allow you to pay off your balance faster. It can also help build your credit score by lowering your utilization ratio.

Factoring Time Zones Into Your Payment Cut Off Times

We’re going to add another slight layer of complication to the entire process. You have to know the due date and the credit card payment cut off time online. However, time zones also factor in. If you live in another time zone, you assume the cut off time is in the issuer’s time zone.

Timezones throw a three to four hour difference in the credit card payment cut off times. If you’re in New York and your issuer is in California, you have a three hour time difference. Alaska to New York is four hours. This can also impact how effective your payments are.

Say you make a payment by four in the afternoon in your time zone. It could already be six or seven at night in your issuers time zone. Your payment is technically late, and you’ll get fees. You can avoid this by paying your bill a day or two ahead of the actual due date. This way, it’ll clear well before the 5 p.m. time.

How Weekend and Holidays Impact Credit Card Payment Cut Off Times

Weekends and holiday are another thing to think about. Normally, most issuers don’t have a problem accepting payments online or by phone. As long as you make your payment by 5 p.m. your issuer’s time, it should go through. However, some issuers require a physical payment during regular business hours.

If this is the case, you’d have to visit before the weekend or holiday. If you don’t do it, you’re technically late. This is exceptionally rare today though. Even most smaller banking entities offer online payment options. If they don’t, you have to visit the location or mail your payment. Your payment just has to make it by the due date.

The Credit Card Act of 2009 regulates this. It specifically states that credit card companies have to give an additional day to process payments. This is for any and all payments made on a weekend or holiday if the issuer doesn’t process that day. As long as the payment is in by the following business day, it’s considered to be on time. This is why so many issuers accept online payments during holidays or weekends.

Bottom Line Regarding Payment Cut Off Times

No matter your credit card payment cut off time, you have options available. The smartest one would be to set up automatic payments and monitor them. This way, late payments won’t even be a factor in your decision. If you can’t do this, you can set up credit card alert reminders to pay a few days ahead of time.

It’s not the end of the world if you try to make a payment on a holiday or weekend and it doesn’t go through. You have options to get the late fee removed. I had a problem with a payment missing the cutoff time by 45 minutes on the Wednesday before Thanksgiving. However, I was able to get both fees removed, and I want to help you if this happened to you. If you want to know how I did it and get my tips for managing your bills, click the YouTube link below.

Credit Card Cut Off Times from Popular Banks

Credit Card Cut off times for Online Payments*

American Express – 7:59 pm MT
Bank of America – 11:59 pm ET
Barclaycard – 6:59 pm ET
Capital One – 7:59 pm ET
Chase – 11:59 pm ET
Citi Bank – 11:59 pm ET
Commerce Bank – 4 pm CT
Discover Card – 4:59 pm ET
Wells Fargo – 11:59 pm PT

*Note: These online credit card payment cut off times can be changed by the credit card issuer at any time. Please note that certain branded credit cards from a credit card company could have a different online payment due date. Use this credit card payment cut off time list as a guide.

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Credit One Credit Card Pros & Cons Review

The Credit One credit card can help you build positive credit history.

Credit One Credit Card Review

The Credit One credit card may be a good option for people who have fair credit. The Credit One card is for people who want to continue to build their credit. You shouldn’t confuse it with Capital One because they’re a completely different entity. There are some good and not so good points associated with this card. In order to make an informed decision, you want to know both sides.

CreditSoup® Fair Credit

Credit One Credit Card Benefits

1. No Security Deposit

Most cards that gear toward people with fair credit require a security deposit. The Credit One card does not. You’ll be able to open an account based on your credit score. So this can help to reduce any upfront fees you may have. In turn, more people will be able to get this card to rebuild their credit.

2. Credit Reporting

Credit One sends monthly updates to the three credit bureaus. As long as you make your payments on time, it can increase your credit score. Your score should also rise as your credit utilization ratio drops. Monthly reporting really helps to keep your credit history accurate. Also, it gives you a way to monitor how you’re doing.

3. Credit One Credit Card Rewards

You’ll earn one percent in rewards on your daily purchases. This could include every purchase you make. There are also specific purchases that change from month to month. This reward comes in the form of cash back. It’ll appear on your monthly statement as a credit each month. It won’t be a lot, but it can help pay your monthly bill a little.

4. Personalized Card Choices

You can make your card match your personality and lifestyle. Maybe you want a bright color or a bold design. Perhaps you’re looking for a more classic and chic look. Either way, you can pick from 20 different personalized card choices. You’ll be able to do this when you apply and get your approval notice.

5. Credit Line Increase Opportunities

The Credit One credit card comes with opportunities to increase your line of credit. They’ll usually automatically increase it by a few hundred dollars after the first five or six payments. So you have to make all of these payments on time. Also, you can’t fall behind at any point. If you do, it’ll take longer for you to get a credit increase on your current credit line.

6. Pick Your Due Date

People with the Credit One credit card get the freedom to pick their own due date. You will have to pay your first payment on the original due date. However, it’ll then allow you to go in and pick one. You do have to keep this date within six days of the original due date. You can set it six days earlier, six days later, or leave it.

7. Account Notifications

You’re able to customize your account notifications as well. So you can set it to alert you every time someone makes a purchase. You can set a payment reminder due date and more. Also, it’s easy to go in and change these notifications to your liking. Maybe you don’t want any notifications. You can shut them off for as long as you want.

Credit One Credit Card Drawbacks

1. Annual Fee

The Credit One card has a sliding scale annual fee that all comes down to your credit score. You’ll pay between no annual fee and $75 for the first year. So the second year has an annual fee that ranges between zero and $90. It comes right out of your initial balance. Also, they may divide this up between 12 equal payments and spread it out over a year.

2. Payment Processing Lag

It can take up to a week for Credit One to process your payment. This is bad news for people who make their payment on the due date. Also, it could cause you to have late payments. In turn, this can negatively impact your credit score and drop it a few points. It can do this even though you made your payment on time.

3. Credit One Application Process

The Credit One application process can be very confusing. Because they have a host of credit cards all tied to the same application. This means that you’re not exactly sure which card you get until the end. You won’t know your grace period, fees, rewards, or rates until you get your card.

4. Interest Rates

This is a card for fair credit, and the interest rates reflect this. Currently, the rates range high. You pay a high rate of interest each month that you carry a balance. It’s variable, and it all depends on your credit score when you apply for the card. Even if you only have a few dollars on your balance, you’ll pay interest that can add up fast.

5. Transaction Fees

There are slightly steep transaction fees attached to the Credit One credit card. Cash advance fees have a dual structure. The first fee is 8% of the amount of the cash advance, and this amounts to $5. The second fee is the greater of 3% up to $10. So if you routinely make cash advances, you could end up paying lots in fees.

6. Credit Limit Increase Fee With the Credit One Card

You do get a credit line increase opportunity. However, you’ll pay for it. There is a sliding fee attached to getting a credit line increase. As usual, it depends on your credit score. You can pay any amount ranging between $0 up to $49. This will automatically go on your statement when you get the increase.

7. Authorized User Fee

You’re able to add an authorized user to your account to help increase your credit score. You’ll have to pay a yearly fee of $19 per authorized user. So this can really add up over time. It’s especially true if you add more than one authorized user and you have a lower credit line.

8. Available Credit Refresh Lag

Unfortunately, there’s a lag period for refreshing your available balance. Say you have a credit line of $500 available and you max it out. So if you pay it on the due date, you’ll have to wait to access your credit line. This lag can take up to 12 days to process. So if you depend on your Credit One card, this isn’t a good thing.

Credit Cards for Fair Credit

The Blaze MasterCard® Credit Card and Capital One® Platinum Credit Card are two alternative options for fair credit.

CreditSoup® Fair Credit

Bottom Line on the Credit One® Credit Card

The Credit One credit card is a solid option for people with fair credit. It won’t’ work well for people who have bad credit. But, it does come with several perks. So you may want to look into getting the Credit One card temporarily to help build your credit. However, your best bet is to use it to start building your credit and switch out.

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Uber Visa Card Pros and Cons With Review Video

In this Uber Visa credit card review learn the benefits of this rideshare rewards credit card.

Uber Visa Card Review Pros and Cons

The Uber Visa card is a co-branded credit card. Uber is officially the first ride-sharing company to offer a co-branded card with the Uber Visa. They partnered up with Visa and Barclays to create a card with specific spending habits in mind. If you’re curious about whether this card is a good fit, take a look at this Uber Visa card review. We’ll outline the pros and cons below.

Uber Visa Pros

1. Generous Rewards

The Barclays Uber card comes with very generous rewards. Every dollar you spend at restaurants, bars, on takeout, and on UberEATS earns you four-percent back. Hotel stays, vacation home rentals, and airfare earn you three-percent back. Subscription services and online purchases get you two-percent back. Finally, you get one-percent back on everything else. Each percent equals one cent.

2. No Annual Fee

This is a rewards card with generous rewards and no annual fee. Every cent you earn with the Uber Visa credit card is profit for you. So if you use it every day, you can quickly earn a lot of rewards. Additionally, you won’t have penalties for using it sparingly. It fits for both avid and moderate users.

3. Subscription Service Credit

This card rewards cardholders who spend at least $5,000 per calendar year. This works out to $417 per month. If you do, you’ll get a $50 credit. You can use this credit for digital subscriptions. For basic Netflix, this is five months of coverage. You’ll get an automatic credit once you spend at least $5,000.

4. Cellphone Coverage

Since Uber uses cellphones to connect with their clients, it makes sense that cardholders get cellphone coverage. All you have to do to get this coverage is pay your cell phone bill with your Barclays Uber card. If you do, you’ll get up to $600 in coverage. This cellphone coverage includes theft and damage.

5. No Foreign Transaction Fee

You can travel with the Uber Visa. This card doesn’t have a foreign transaction fee attached to it. You can use this card all over the world with no excess fees. So this is excellent news for people who plan to travel. It’s a Visa as well, and this increases the acceptance rate all over the world.

6. Access to Events

Everyone wants to get VIP treatment and early access to events. This is what you’ll get with the Uber Visa. You get early access to ticket sales and events. Additionally, venues in major cities throughout the United States count. Use it in Los Angeles, New York, Chicago, San Fransisco, and the District of Columbia.

7. Credit Score Monitoring

Getting the Uber Visa credit card gives you access to credit score monitoring. They’ll automatically email you if your credit score changes. This allows you to monitor for fraudulent purchases or activity. You’ll also know if your score goes up or fluctuates either way.

8. Bonus for Signing Up

You have to spend $500 in the first three months of opening the card to get the bonus. The bonus is 10,000 points. This works out to $100, and it’s pretty generous for this reward card. As long as it aligns with your normal spending habits, it could be worth it.

Ridesharing Reward Credit Cards Offering Cash Back

Now there are many popular reward credit cards that earn rewards on ridesharing. Ridesharing credit card rewards is a new emerging category in credit card rewards. Learn more on the 4 best credit cards for ridesharing, including this review on the Wells Fargo Propel Card. Find a reward card that can help you earn more rewards on ridesharing and other popular categories such as dining.

Uber Visa Cons

1. Higher Interest Rate

This is a rewards card, so it makes sense that it has a higher interest rate. It starts at 17.24-percent. The interest rate goes to 22.99-percent and 25.99-percent. The lower your credit score is when you apply, the higher your interest rate will be. It’s also variable. This means that it can go up if you miss a payment.

2. Uber Credit Restrictions

You have to earn at least 500 points to redeem your Uber points. This only amounts to $5.00 per redemption. There are also restrictions on how many points you can convert per day. You have a maximum conversion cap of 50,000 points per day. This amounts to $500 in rewards. If you let them pile up, you’ll have to redeem over several days to get them all.

3. No Introductory APR Rate

Some credit cards offer you an introductory APR that lasts for 12 to 18 months. So this includes anything you buy within this time frame. The Uber Visa does not offer this. You’ll pay whatever interest rate you get starting on month one. This also means that it could be unwise to make large purchases with this card.

4. Credit Requirements

This card has strict credit requirements that shuts out a lot of potential cardholders. You have to have an excellent credit score to qualify for this card. If you don’t, they will most likely deny you when you apply. So to make matters worse, a denial can drop your credit score a few points. Also, any credit inquiries stay on your credit report for up to two years.

5. Balance Transfer Fee

There is also no introductory offer for balance transfers. You’ll have to pay a fee for every balance transfer you make to this card. It’s either $10 or three-percent of the amount of each transfer you make. You’ll also pay interest on these balance transfers right when you make them. This makes this card not ideal for anyone who wants to make balance transfers.

Bottom Line on the Uber Visa Card

The Uber Visa is a great ride-sharing card. If you routinely use Uber and want generous rewards, this card could be a good fit. Finally, we encourage you to take a look and make this Visa Uber credit card from Barclays work for you.

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Capital One Quicksilver vs Chase Freedom Unlimited

Capital One Quicksilver vs Chase Freedom Unlimited - Which is the better carsh back credit card?

Capital One Quicksilver vs Chase Freedom Unlimited Side by Side Comparison

The Capital One Quicksilver card and the Chase Freedom Unlimited card are similar. They identical rewards rates. This makes it even more difficult to decide which one is best for you. However, they do differ in a few of their features. This is what you’ll use to decide which card you prefer.

First, we’ll compare the cards at a glance and stack up their features. We’ll go into a short breakdown of the card’s differences as well. Our goal is to point out the main benefits and drawbacks with each card. This will give you a good idea on what card you should pick.

Comparing Capital One Quicksilver to Chase Freedom Unlimited
Capital One Quicksilver Chase Freedom Unlimited
Annual Fee None None
Balance Transfer 3-percent 3-percent
(Minimum $5)
Intro APR 0-percent
(First 15 months)
0-percent
(First 15 months)
Other Benefits No foreign
transaction fee
$25 bonus for adding
an authorized user who makes a
$25 in the firs three months
Rewards Unlimited 1.5-percent
cash back
Unlimited 1.5-percent
cash back
Sign-Up Bonus $150 when you spend
$500 in the first
three months
$150 when you spend
$500 in the first
three months
Variable APR 16.24 to 26.24-percent 17.24 to 25.99-percent

Breaking Down the Chase Freedom Unlimited Card

The Freedom Unlimited card is the slightly newer of the two cards. It appeared in early 2016 as a solid cash back rewards card. It’s great for everyday spending and purchases inside US banks. You can redeem these rewards through statement credits or gift cards.

So you don’t have to keep track of any confusing categories or reward tiers. It’s a straight 1.5-percent cash back reward. Use it at the grocery store, dining, gas stations, entertainment, and more.

This card does come with a foreign transaction fee, and this is a drawback of the Chase Freedom Unlimited card. This means that you pay 3-percent of your purchase price for every item you buy through a non-US bank. It includes online purchases as well. So if you travel and use this card, it can stack up very fast. The total will appear on your statement next month.

Chase Freedom Unlimited Offers 3% Cash Back On All Purchases The First Year

The Chase Freedom Unlimited® is now offering 3% cash back the first year. At this time it negates the previous $150 sign-up bonus when you spend $500 within the first three months. If you plan to spend a lot using the Chase Freedom Unlimited® then you will ultimately receive a larger cash back bonus. At CreditFast we believe that this new bonus structure is being tested so we are not at this time removing the previous sign-up bonus information. Please be aware that is a new bonus structure that can remain or revert back at any time. If you prefer this sign-up bonus structure consider applying now.

Chase’s 5/24 Rule

A second large drawback of this card is at 5/24 rule. It can exclude quite a few potential customers, or delay them from opening an account. The Chase 5/24 Rule appeared to stop credit card churning. It’s very simple and straightforward.

Basically, if you’ve opened five or more credit card accounts in two years, you have to wait. Chase won’t allow you to open an account, even if you pass their credit requirements. This can result in an unnecessary ding on your credit report. If you’re an authorized user on someone’s account, this counts toward your five card limit. Business credit cards count if they’re on your personal credit report. Visa or MasterCards that are store-branded also count.

If you apply and get a denial, this won’t count toward your limit. So this rule just isn’t Chase either. Some other credit card lenders also restrict the number of cards you can open in a two-year period. It does turn a lot of people away who don’t or can’t wait to open a card, myself included. However, not all Chase cards follow the 5/24 rule. If you’d like to know which Chase cards don’t use the 5/24 rule, our Chase 5/24 Rule article.

Cash Back Credit Cards

Breaking Down the Capital One Quicksilver Card

Next up is the Quicksilver cash back card. You get this card by upgrading from the Capital One Platinum card if you have fair credit or average credit. If you don’t quite have the credit to apply for the Quicksilver card, try the Platinum one first. This way, you can upgrade to the Quicksilver card when your credit improves.

This card also comes with an unlimited 1.5% cash back rewards rate on every purchase. It’s not as restrictive as the Chase Freedom Unlimited card though.  Also, there is no foreign transaction fee with this card. This means it’s an excellent choice for travel. You can use your card anywhere in the world with no excess fees.

Also, there are numerous fringe benefits for traveling that come with this card as well. For example, it gives cardholders concierge service 24 hours a day, 7 days a week. So you get travel booking assistance and priority or VIP access to events. These events include sporting events, golf outings, and concerts.

Cardholders with the Capital One Quicksilver card get access to CreditWise. CreditWise helps you monitor your credit. So you’ll be able to catch fraudulent activity and monitor your score from the app. This is an entirely free perk for cardholders with the Quicksilver card.

My Experience Upgrading From Platinum to Quicksilver

Personally, I started out with the Capital One Platinum card to build my credit. The Platinum card was solid, but it didn’t offer any rewards. I wanted a card that was good for travel outside of the United States too. So I quickly upgraded to the Quicksilver card once my credit reached high enough levels. I wasn’t disappointed either!

I traveled outside of the United States twice with the Quicksilver card. Truly I enjoyed that it was straightforward and easy to use. I earned rewards for every purchase I made while traveling with no foreign transaction fee. Overall, I’d recommend both the Platinum and the Quicksilver card for building your credit.

Cash Back Credit Cards

Which Card is Better on a Day to Day Basis Quicksilver or Freedom Unlimited?

Since these cards are so similar, it can be hard to decide between them. Neither has bonus categories or limits, and they both have a 1.5-percent rate. However, their rewards redemption is where you start to see a difference.

Capital One Quicksilver
You get unlimited cash back. You’re able to redeem it for a check, gift cards, or statement credits. There is no minimum redemption, and you can stack rewards as long as you’d like.

Chase Freedom Unlimited
With this card, you earn Chase Unlimited Rewards Points. They’re equal to a penny apiece, and you earn 1.5 points for every dollar you spend. You can redeem them for gift cards, statement credits, or deposits into your bank account. You’re also able to transfer these points to other Chase cards that offer Ultimate Rewards points. If you do this, the points are worth 25-percent more. You can use them for flights and hotels at a 1:1 ratio.

Which Card Wins?
They’re both solid options. The Capital One Quicksilver is better for people who shop both inside and outside of the United States on a routine basis. The Chase Freedom Unlimited is better if you have other Chase cards you can transfer your points to.

Which Card is Better for Travel?

Again, both of these cards are solid for rewards. You can even make them both work to travel with a little finagling. It all depends on your preference.

Capital One Quicksilver
You’ll get no foreign transaction fees and a variety of perks for traveling with this card. It’s also a Visa card. This means that you have a wider acceptance around the world when you travel with it. You can use it as much as you want without worrying about paying for it later in additional fees.

Chase Freedom Unlimited
This card has foreign transaction fees. However, you can convert your points to another Chase card that has Unlimited Rewards points. This could be useful if you don’t mind going through the additional steps of transferring the points over. It could save you on hotel and flight costs.

Which Card Wins? Capital One Quicksilver or Chase Freedom Unlimited?
The Capital One Quicksilver card is the clear winner in the travel category. Along with the various perks, no foreign transaction fee puts in a league above Chase. So it’s a great option for a low-frills travel card.

CreditSoup® Cash Rewards Cards
CreditSoup® Visa® Cards

Bottom Line: Capital One Quicksilver vs Chase Freedom Unlimited

Both cards are good options for people with decent credit. Chase Freedom Unlimited does toss in a few extra things for new cardholders. However, the Capital One Quicksilver is excellent for travel. Finally, it’s up to you to decide which card suits your lifestyle better and choose it.

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Wells Fargo Propel Card Review – Amex Propel

Wells Fargo Propel Card Pros and Cons Amex Propel

Wells Fargo Propel Card

Most people who want a credit card don’t want to have to pay lots of money for said card. This rules out a lot of rewards cards because they come with large fees. However, Amex Propel is a different type of card. The Wells Fargo Propel Card is simple, straightforward, cheap, and yet very rewarding.

So if you’re curious as to what the Wells Fargo Propel American Express card can do for you, you’re in the right place. We’re going to go over the pros and cons of the Wells Fargo Propel card in this article. You’ll know if the Amex Propel Card is a good card for you or not by the end of this post.

Wells Fargo Propel American Express Card Pros

1. Introductory Bonus

The Wells Fargo credit card has an excellent introductory sign-up bonus offer for new members. To reach it, you have to spend $3,000 within the first three months. However, this sign up bonus can be worth it to do this. You’ll earn 30,000 bonus points. This works out to around $300 in redemption value. As long as this aligns with your normal spending habits, it’s worth it.

2. No Annual Fee

This is a rewards card that keeps on giving. The Wells Fargo Propel card comes with absolutely no annual fee. This means that any rewards you earn are yours. You’ll never have to justify keeping this card around. It also removes the pressure that comes with trying to get enough rewards to match the annual fee.

3. Large Rewards Opportunities With the Wells Fargo Propel Card

The Wells Fargo credit card comes with very large rewards opportunities in a lot of categories. For example, you earn three-times the points for ordering out and dining in. You’ll get another three times the points for gas stations and transit. Another three times the points come from travel. This includes airfare, homestays, hotels, and car rentals. It comes with one times the points on everything else.

4. Introductory APR

The introductory APR on this card is another big draw for people looking for a simple but rewarding card. What’s more, it applies to both purchases and balance transfers. You’ll pay zero percent on balance transfers and purchases for the first 12 months. There are balance transfer fees. However, you can even these out with the interest you’ll save.

5. Travel Insurance Options

Travel and auto insurance come with the Wells Fargo Propel card. This is excellent for people who plan to travel. You’ll get travel accident insurance when you book your travel with the Wells Fargo Propel card. It also comes with auto rental insurance. This can help to save you a little money when you rent a car at your destination.

6. Cellphone Insurance

All you have to do to get the cellphone insurance is to pay your bill with Propel Amex card. This allows you to opt into their cellphone insurance. They’ll cover the costs associated with losing, replacing, or damaging your phone. This does have a maximum amount of times you can use it per year though.

7. Zero Fraud Liability

If someone uses your card without your consent, you won’t pay a dime. This card covers cardholders with zero fraud liability. You do have to report this within a set amount of time, but it’s worth it. With all of the fraud that goes on, it gives you peace of mind knowing you’re not liable.

8. No Foreign Transaction Fees

This card is excellent for travel, including international travel. You’ll be able to use your card with non-US banks and not pay extra. There are no foreign transaction fees with this card. This can help you avoid sticker shock when you come back from a vacation. Use your card as much as you want without worry.

9. Free Credit Score

You want an excellent credit score. In order to get this, you have to monitor it. The Wells Fargo Propel card comes with free credit score monitoring. You’ll be able to log in whenever you like. This can help you understand which factors go into your credit score. You’ll also be able to catch fraud faster to mitigate the damage.

10. Wells Fargo Go Far Rewards Portal

Redeeming your rewards is fast and easy with the Wells Fargo Go Far Rewards Portal. It keeps track of your rewards as you earn them. You simply log in and choose how you’d like to redeem. You can redeem them for cash, gift cards, or travel through the portal whenever you’d like.

Wells Fargo Propel American Express Card Cons

1. Variable APR

The APR on this card is variable. This means that it can fluctuate if you miss a payment. The APR starts at 14.74-percent and goes up to 27.24-percent. This can be extremely high if you plan on carrying a balance from month to month. It can potentially add thousands on to your bill before you pay it off.

2. Lower Acceptance Rate

The Wells Fargo Propel card features a lower acceptance rate. It’s an American Express card. While this isn’t terrible, it’s not as widely accepted as Visa or MasterCard. You may want to bring a backup card with you in case the Amex Propel doesn’t work at your chosen vendor. The Uber credit card from Barclays is a Visa card that has much wider acceptance.

3. Credit Rating

As this is a rewards card, you need a higher credit score to qualify. Currently, you need excellent credit to get the Wells Fargo Propel card. If you don’t have it, your chances of successfully getting it are lower. This limits the pool of applicants who will apply for this card. It can negatively impact your credit score when they check it too.

4. Restrictions on Redemption

It is relatively easy to redeem your rewards, but you have to have a certain amount in points to be eligible. For ATM redemption, you need at least 2,000 points or $20. For online or phone redemption, you need 2,500 points or $25. You can’t redeem your rewards until you have at least 2,000 points in your account. This can take a while if you don’t routinely use your card.

5. Fewer Travel Perks with the Amex Propel

Other cards give you very high travel perks. It won’t entitle you to airport lounge access. You also can’t transfer your rewards to participating partners for flights or hotel stays. Additionally, there is no checked bag reimbursement by using the Wells Fargo Propel card.

Other Wells Fargo Credit Card Offers to Compare

Wells Fargo Platinum Visa® Card
Wells Fargo Cash Wise Visa® Card

Cash Back Credit Cards

Bottom Line Amex Propel

The Wells Fargo Propel card is a solid travel rewards card. So it has a large rewards rate of return with no annual fee. Additionally, it’s also flexible when it comes to the way you redeem your points. So if you have good or excellent credit, you should apply for this Amex Propel card.

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Personal Finance Tips 2019 – 7 Easy Tips

Learn seven essential personal finance tips 2019.

The Top Seven Personal Finance Tips 2019

It’s 2019, and you should make it a goal to get your personal finances in order. If you’re not sure where you’d like to start with this goal, you’re in luck. I’ve put together seven personal finance tips 2019 that I’ve tried because I wanted to verify that they work. Follow them, and you could find yourself going into 2020 with a healthier financial outlook!

Get Your Personal Finances in Order by Following These 7 Tips

Personal Finance Tips 2019 One – Consolidate Credit Card Debt

Did you know that credit card debt can be one of the most expensive forms of debt you can have? Cards with high, variable interest rates can add hundreds or thousands of dollars onto your total balance before you pay it off. One fast way to avoid this interest is to consolidate all of your credit card debt with a personal loan. A credit card consolidation loan is an unsecured loan that ranges in price from $1,000 up to $100,000. You typically have between two and seven years to repay it. You pay off all of your credit card balances with the loan. Then, you pay the loan. Don’t use your credit cards while you pay the loan off.

Personal Finance Tips 2019 Two: Use Your Tax Refund to Pay Your Debt

Yes, getting a larger tax refund is exciting. But, you really should use it to pay off your debt instead of extravagant spending. Whether you have credit card debt, student loan debt, or mortgage debt, putting a large payment toward it can help reduce the number of interest charges you pay. You do want to contact whichever agency holds your debt and make sure that your lump-sum payment goes toward your principal balance. Otherwise, they may apply it toward your next month’s payment. If you have no debt, consider starting an emergency fund to plan for any unexpected expenditures.

Personal Finance Tips 2019 Three: Pay Off Your Holiday Bills

The holidays can be an expensive time in anyone’s life, and you could quickly find yourself with a lot of debt left over. For many people, this means charging gifts. You want to pay off any of last year’s holiday debt as quickly as possible. This will help you avoid interest charges. The last thing you want to do is drag your payments out and still pay on it when this holiday season comes around. Put extra payments toward this debt if you’re able to in order to pay it off quicker.

Personal Finance Tips 2019 Four: Invest in a Retirement Account

You’re never too young to start adding to a retirement account. As of 2019, an individual under 50 can contribute a maximum amount of $6,000 to their IRA. People over 50 can contribute a maximum of $7,000. You may want to start smaller and slowly increase your monthly contributions until you get used to living without the additional money. If you can, stick away a little more each year to ensure that you give yourself a comfortable retirement, no matter when you retire.

Personal Finance Tips 2019 Five: Refinance Those Student Loans

Most student loans have very high interest rates, and you may be shocked at how much of your monthly payment actually goes to interest instead of the principal balance. Refinancing allows you to consolidate all of your existing loans into a single loan. This single loan usually has a much lower interest rate, and you only have to make a single payment a month instead of multiple ones. You can pick from a variable or fixed interest. Also, repayment terms vary from 5 to 20 years. Also, review the best credit cards for young adults to build credit for a stronger credit score.

Personal Finance Tips 2019: Six: Schedule Your Vacation in Advance

Typically, most people plan their vacations well in advance. However, the further out you plan it, the better it will be when it comes to managing your finances. Often you can find more travel discounts by planning early. Ideally, you should schedule at least six months out. This gives you six months to put money away to use to fund your vacation. Additionally, it also gives you six months to take the time off work, arrange for a pet sitter if you need one, and get your house in order for when you’re away. This can help reduce your stress levels, and you’re less likely to turn to a credit card for last minute expenses.

Personal Finance Tips 2019 Seven: Transfer to a Zero Percent APR Credit Card

Yes, we just told you not to add any more credit card debt. But, a 0-percent APR card can help with your existing credit card balances. Look into the two best balance transfer cards; check the 0-percent APR terms. They’re usually 12 months. You can transfer your existing balances to one of these cards. Once you do, you’re just paying on the balance. You won’t pay any additional interest charges. Just make sure you can pay off most or all of your existing debt by the end of the promotional period.

Personal Finance Tips 2019 Bottom Line

You can make 2019 the year you start getting out of debt. These seven personal finance tips 2019 can help you reduce your debt, pay less to get out of debt and get you well on your way to a happier and healthier financial future.

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Comenity Wayfair Credit Card Review and Application

Comenity Wayfair Credit Card Review Pros and Cons Issued by Comenity Bank

Comenity Wayfair Credit Card Review

Have you ever shopped on Wayfair? If so, did you know about Comenity Wayfair? The Wayfair credit card is issued by Comenity Bank, and cardholders get access to perks. In this Wayfair credit card review, we’re going to outline everything this card can do. We’ll also cover what the Comenity Wayfair card can’t do. Can you apply for the Wayfair credit card using the Comenity Bank Shopping Cart Trick? You’ll get a good idea whether or not you could benefit from this card by the end.

Credit Cards for Fair Credit

Comenity Wayfair Credit Card Pros

1. Cash Back

Comenity Wayfair gives you a decent rewards rate on each eligible purchase. You’ll earn three-percent cash back each time you use it at Wayfair, AllModern, Joss & Main, DwellStudio, and Birch Lane. These rewards are good for all purchases that don’t use special financing. You can redeem these Reward Dollars for future order credit.

2. Bonus for Signing Up

The bonus for signing up is extremely easy to get. All you do is make a purchase of $250 or more once Wayfair Comenity approves your application. You’ll immediately get a $40 bonus. So you can apply this bonus to future orders. However, you can’t use special financing means to make your order. If you do, you won’t get the $40 bonus because the order doesn’t count.

3. Special Financing or Rewards on Each Purchase

Comenity Wayfair has a unique perk that you don’t see on a lot of cards. You can choose two different options for each purchase you make. If you choose rewards, you’ll earn three-percent back on that purchase. Special buy now pay later financing is the second option you can choose if you don’t want three-percent back. Spending $250 will qualify you for six months of special financing. Spending $500 will qualify you for one year of interest-free financing.

4. Free Shipping

The Wayfair card gives you free shipping on all orders that are over $49. This is great because you can buy large items on Wayfair and not have to worry about shipping costs. Buy that sofa or dining room table and ship it to your door for free. This free shipping doesn’t count on returns though.

5. Builds Credit

Comenity Wayfair is a retail card. Retail store credit cards offer credit building perks. For one, they’re easier to get. There are less strict approval criteria attached. It also reports to all of the credit bureaus. Each on-time payment can help boost your credit score and build your credit history.

6. No Annual Fee

If you’re smart with the Wayfair card, you can make it work for you. Unlike a lot of reward cards, you won’t pay an annual fee. If you can avoid the deferred interest as well, there are huge potential for savings. Every credit and bonus you earn is yours to put toward future purchases.

7. No Hard Credit Inquiry

When you have lower credit, every point counts. Hard inquiries can drop your score three to five points each. You won’t have to worry about this with Comenity Wayfair. There is no hard inquiry as long as you use a pre-qualification link to apply. Instead, you’ll get a soft inquiry. So this doesn’t drop your credit score at all.

8. Optional Furniture Assembly

Do you dread putting furniture together once you buy it? If so, you’re in luck! Comenity Wayfair offers furniture assembly for online purchases. Since you’re not buying it pre-assembled, this is huge. Wayfair partnered with Handy to give Wayfair customers assembly and installation services. You can add this option when you check out. Also, they offer hassle-free returns. If you’re not thrilled, send it back. You do pay return shipping though.

Comenity Wayfair Credit Card Cons

1. Deferred Interest

Using the special financing option comes with deferred interest attached. This can add hundreds or thousands onto your balance if you don’t pay it off in time. Each time you buy an item, you’ll get six months or a year to pay it off with no interest. If you miss the deadline, you’ll get backdated interest. This could be six months or a year of interest all at once.

2. High Interest Rate Charged by Comenity Bank

The Wayfair card comes with a high interest rate. While this isn’t new for retail cards, it can be unpleasant if it backdates for a purchase. You’ll pay 28.49-percent a month with this card. This can put a huge dent in your budget if you get hit with it. This includes only having around $50 to pay on your original purchase and missing the cutoff deadline a single day.

3. Restricted Use

The Wayfair card isn’t co-branded like a Visa or MasterCard. You can only use it at Wayfair or the partner sites. This includes Wayfair, AllModern, Joss & Main, DwellStudio and Birch Lane. If you don’t shop at these stores a lot, the card isn’t much use. You won’t be able to effectively build your credit.

4. Restricted Rewards Redemption

Yes, three-percent back seems like an excellent opportunity. But, stop and think about it for a minute. Comenity Wayfair only lets you redeem your rewards for purchase credits at Wayfair itself or on affiliated sites. If you find a table or sectional on another site and fall in love, you’re out of luck with this card.


In this video, I talk about four credit cards for fair credit including the Wayfair credit card. The video is time-stamped at where the Wayfair card is first mentioned.

These are the three other fair approval credit cards mentioned in this video

You can read the reviews or apply for these offers by visiting their respective review articles.
Blaze MasterCard, Capital One Platinum Card, and Kohl’s Charge card.

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

CreditSoup® Fair Credit

Comenity Wayfair Credit Card Approval Odds

Fortunately for people with lower credit, Comenity Bank Wayfair as more lenient approval odds. The Wayfair credit card approval score hovers around fair credit levels. Typically, this means between 580 and 669. However, it’s critical that you apply with a pre-qualification link. This way, you won’t get a penalty for checking your eligibility status because it’s a soft pull.

These Way Fair credit card requirements are why retail cards are so popular for rebuilding credit. It’s a great tool for learning responsible use as well because you want to plan your budget to avoid the deferred interest.

Comenity Wayfair Payment Options

You get flexible payment options with Comenity Wayfair. However, it’s a good idea to use the Wayfair credit card because you get special financing or rewards. Possible Wayfair credit card payment options include:

  • Credit or Debit Cards (Wayfair, American Express, Discover, MasterCard, or Visa)
  • Wayfair Gift Cards and Store Credit
  • Wayfair Rewards
  • PayPal
  • Affirm
  • Personal Checks, Cashiers Checks, and Money Orders
  • Purchase Orders
  • Wire Transfers
  • Wayfair

Payment Considerations

Keep the following payment considerations in mind when you pay your bill. This will help ensure that you don’t forget a payment or get stuck halfway through.

Accepted Payment Options in the Account Center
If you plan to pay online through the Account Center, have a checking account ready. You currently can’t use a debit card to make a payment. You’ll need to input your checking account number and routing number. You can find this number on your monthly statement, on the bottom of your check, or your bank will give it to you.

Comenity Bank Fees for Paying Online
Comenity Wayfair doesn’t charge any extra fees for paying your bill online. Additionally, it’ll store your preferred payment method for future use. Since the site comes encrypted, you don’t have to worry about your sensitive information going anywhere. So you can switch it out whenever you like.

Wayfair Store Locations

Wayfair also has one brick and mortar outlet stores available. However, you have to know one critical piece of information involving the Wayfair outlet.

IMPORTANT: You are NOT ALLOWED to use your Wayfair credit account at the Wayfair outlet location. You’re ONLY allowed to use the this account online.

However, you’re free to make whatever purchases you’d like with another card or cash. For people who have the Wayfair outlet by their home and need something right away, this is great. The outlet address, hours, and phone number is:

Wayfair Outlet
5101 Renegade Way
Florence, KY 41042

Store Hours:
Friday and Saturday – 10AM to 6PM
Sunday – 10AM to 4PM

Telephone: (857) 559-4994

Can you apply for the Comenity Wayfair store credit card using the Shopping Cart Trick?

See if you Pre-Qualify for the Wayfair Credit Card Without a Hard Credit Inquiry

Important! Click the – “Do you pre-qualify?” – Wayfair credit card application link option
Wayfair Card Application
Or Compare Major Credit Card Offers
CreditSoup® Fair Credit
CreditSoup® Secured Cards

Wayfair Card and the Shopping Cart Trick from Comenity Bank

The Wayfair card is issued by Comenity Bank. This Wayfair Comenity line of credit can potentially be approved without a hard credit inquiry. Learn more about the Comenity Shopping Cart Trick. The Sportsman’s Guide Visa Card is another example of a Comenity Bank issued store credit card.

Conclusion – Comenity Wayfair Credit Card and the Shopping Cart Trick

Finally, Comenity Wayfair is a solid retail card with a lot of unique perks. As long as you pay attention and use it responsibly, you stand to gain a lot. However, there are some definite drawbacks to consider. Make sure that you can make this card work for you before you apply. Also, it may still be possible to use the Comenity Bank Shopping Cart Trick when applying for this store credit card. In addition, you may want to shop around and compare other retail cards before making a final decision. If you shop at Wayfair, this card can be an excellent choice.

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Credit Card Applications!