Learn a bit more about Destiny Mastercard and their amazing credit cards
Destiny Mastercard is a credit card issued by first electronic bank. The company is a very special one, since it is not like any other, while other companies you apply for credit cards because you want to buy something or just maybe have more control of your financial situation. With Destiny Mastercard, it's different.
Learn a bit more about this company before making a decision
Destiny Mastercard, the credit card that has as their main public people with bad credit. Yes, anyone knows that people with bad credit can't always get the things they want, like loans or credit cards. But the thing is, it is a bit unfair to think like that, since everyone should have an opportunity to or redeem themselves or try to do better.
Now, Destiny Mastercard will let you apply if you have bad credit, that is because the card is made to help people get their credit score higher. Well, in this article we will be explaining a bit more about how this credit card functions, and what you can get from it: both benefits and downside. If you are interested, keep reading.
Learn the pros of Destiny Mastercard credit card
The first quality is that you can prequalify without savaging your credit score. You may ask how could prequalification damage your credit score? Well most credit cards when they let you to a prequalification they will ask for a hard credit check. The hard credit check will hurt your credit score, but Destiny Mastercard actually uses a soft credit check, which does the same, but just as the name says, a bit softer.
Next quality is that you do not need to deposit any security deposits. A lot of credit card companies will ask you to maybe put something of value you have or some money before getting the card as a security deposits in case you miss payments and things like that. But this credit card is for people with bad credit, so that means that you don't really have a great financial situation, so, you do not need to do that.
What are the cons from Destiny Mastercard
The first coin is that you need to pay an annual fee. Annual fees are money that you need to pay every month so that you can still use the credit card, and goes around, for this card, 180 per year. Which it is pretty high for an annual fee because most annual fees don't go over $110.
The next con is that The APR is too high, goes around 35.9%, and for credit cards the APR hardly goes past 20%. Unfortunately, these cards do not have enough benefits to justify such a high APR, and such high APR is not always worth it.
Now, if you are interested in learning more about Destiny Mastercard, make sure to click on the link below. Since next, we will be explaining more about how to apply and what documents you need.