The MyDestinyCard, often known as the Destiny Mastercard®, is intended for people wishing to rehabilitate or establish their credit. It is an unsecured credit card, which means you do not have to pay a security deposit, making it available to people with less than perfect credit. Let’s look at the important elements of this card to see if it’s a good fit for you.
Contents
- 1 What is DestinyCard?
- 2 Features of MyDestinyCard
- 3 Fees Breakdown
- 4 Pros and Cons
- 5 Applying for the Destiny Mastercard®
- 6 Who Should Consider MyDestinyCard?
- 7 Destiny Mastercard Very Imp. Facts
- 8 Customer Support Method
- 9 Can I Pay My Destiny Card Bill by Phone?
- 10 How Do I Check My Destiny Card Balance?
- 11 Final Thoughts
- 12 FAQs
What is DestinyCard?
The DestinyCard is a credit card intended for persons with little or no credit history who want to establish or improve their credit. It does not demand a security deposit and reports to all three main credit agencies, allowing customers to gradually improve their credit score. However, it comes with significant fees and a high annual percentage rate (APR), so pay off amounts in full each month.
Features of MyDestinyCard
- No Security Deposit: Unlike many credit cards with bad credit, MyDestinyCard does not need a security deposit. This makes it more accessible to customers who may not have additional dollars to invest initially.
- Reports to Major Credit Bureaus: The Destiny Mastercard® reports to all three main credit bureaus: Equifax, Experian, and TransUnion. Making on time payments allows you to develop credit.
- Credit Limit: The card has a credit limit of up to $700, which is larger than many other credit cards aimed at people with low credit. This provides some financial flexibility for consumers who need to improve their credit.
- High APR: One disadvantage is the 35.90% APR, which makes it necessary to avoid carrying a balance from month to month. If you are not attentive, the high interest rate will compound quickly.
Fees Breakdown
- Annual Fee: $175 for the first year, then $49 annually.
- Monthly Fees: From the second year, $12.50 per month, totaling $150 annually.
- Late Payment Fees: Up to $41 if a payment is missed.
Pros and Cons
| Pros | Cons |
|---|---|
| No security deposit | High APR (35.90%) |
| Reports to all three credit bureaus | Expensive fees (annual and monthly) |
| Accessible to individuals with poor credit | No rewards or perks |
| Quick application process | No balance transfers allowed |
Applying for the Destiny Mastercard®
Applying for the Destiny Mastercard® is simple. You may pre qualify online without damaging your credit score, making it simple to determine whether you’re eligible before committing. If you are pre qualified, you can finish the application and receive a decision in as little as 60 seconds.
Who Should Consider MyDestinyCard?
This card is perfect for those trying to establish or rebuild credit but may struggle with high fees. It is also excellent for those who do not want to deal with security deposits. If you have good credit, you may be able to find more affordable solutions with lower interest rates and no annual fees.
Destiny Mastercard Very Imp. Facts
Destiny Mastercard Application
You can apply for the Destiny Mastercard® online using a simple pre qualification process that will not affect your credit score. To determine your eligibility, go to the official website and complete the pre qualification form. If you are eligible, you can then proceed to fill out the whole application. The decision is often made within 60 seconds. You can apply without an invitation code by going to the pre qualification website.
Destiny Mastercard Apply Online Direct Link: https://www.destinycard.com/apply-form?cid=359700213
Destiny Credit Card Login
To access your Destiny Mastercard® account online, go to MyDestinyCard.com and enter your username and password to log in. This site enables you to manage your account, view statements, make payments, and change personal information. If you forget your login information, you can retrieve your username or reset your password directly from the login page.
Destiny Credit Card Login Official Page: https://destiny.myfinanceservice.com/
How to Activate the Destiny Card
You can activate your Destiny Mastercard® either online or over the phone. To activate online, go to DestinyCard.com/activate and follow the instructions. Alternatively, you can phone the activation number on your card and follow the automated steps to finish the process.
MyDestinyCard Official Website:- https://destiny.myfinanceservice.com/Register
Customer Support Method
| Customer Support Method | Details |
|---|---|
| Phone Support | Call 1-800-583-5698 for assistance with your Destiny Mastercard. |
| Website | Visit MyDestinyCard.com to manage your account online or seek help. |
| Mailing Address | P.O. Box 4477, Beaverton, OR 97076-4477 |
| Email Support | Email support is not currently available for Destiny Mastercard. |
Can I Pay My Destiny Card Bill by Phone?
Yes, you can pay your Destiny Mastercard bill via phone. To make a payment, simply contact Destiny Mastercard customer support at 1-800-583-5698. Follow the automated steps or chat with a human to finalize your payment.
How Do I Check My Destiny Card Balance?
- Log in to MyDestinyCard.com to view your balance, transactions, and account information.
- By phone: Dial 1-800-583-5698 and follow the directions to check your balance.
- Monthly Statements: Check your balance on your monthly billing statement, either in the mailed copy or via the online portal.
Final Thoughts
The MyDestinyCard allows you to develop credit without requiring a security deposit, which is beneficial for people who have weak or no credit history. However, due to its high fees and interest rates, careful consideration of the long term costs is required. If you need a credit building card and are willing to pay the related fees, MyDestinyCard may be worth investigating. Those who qualify for better terms, on the other hand, may want to look into other choices.
FAQs
Q1. Does Destiny Mastercard have an app?
Ans: No, the Destiny Mastercard currently does not have a dedicated mobile app. However, you can access your account using a mobile browser on MyDestinyCard.com.
Q2. How do I log into my Destiny credit card account?
Ans: You can log into your Destiny credit card account by visiting MyDestinyCard.com and entering your username and password.
Q3. Is Destiny Mastercard a real card?
Ans: Yes, the Destiny Mastercard is a real, legitimate credit card issued by First Electronic Bank and designed for individuals with poor or no credit.
Q4. What is the credit limit for Destiny Mastercard?
Ans: The credit limit for the Destiny Mastercard is up to $700.