The Destiny Mastercard is a credit card that is designed to help people build or improve their credit. It is issued by First Electronic Bank, and it can be used anywhere that Mastercard is accepted after your card is activated. One of the key features of the Destiny Mastercard is that it offers a credit limit increase after just six months of responsible use. This means that if you make your payments on time and keep your balance low, First Electronic Bank may increase your credit limit. Responsible use and higher limits can help improve your credit score.
Another benefit of the Destiny Mastercard is that it offers cash back rewards. You can earn 1% cash back on eligible purchases, and there is no limit to the amount of cash back you can earn. The cash back rewards are automatically credited to your account each month which you can see by logging in to the Destiny card portal. The automatic cash back is nice so you don’t have to worry about remember to redeem points or miles.
The Destiny Mastercard also comes with some standard credit card features, such as fraud protection, zero liability for unauthorized purchases, and the ability to manage your account online.
It’s worth noting that the Destiny Mastercard does come with some fees. The annual fee is sometimes higher in the first year and $59 for subsequent which can vary depending on your credit history (you can contact Destiny card customer service if you have questions about your annual fee), and there are also fees for cash advances and balance transfers. Additionally, the card has a relatively high APR (annual percentage rate), so it’s important to make your payments on time and avoid carrying a balance if possible.
Overall, the Destiny Mastercard can be a good option for people who are looking to build or improve their credit, especially if they can take advantage of the credit limit increase and cash back rewards. However, it’s important to be aware of the fees and interest rates associated with the card before applying.
For more information about your new Destiny credit card check out our FAQs page where we answer common questions new and prospective cardholders often have.