The Destiny Credit Card is designed for individuals with poor credit who wish to establish or improve their credit history. The Destiny Mastercard® is unsecured, which means you don’t have to put down a security deposit to get approved, unlike many secured credit cards. But is it the best choice for you?
In this guide, we will discuss everything you need to know about Destiny Credit Card: how it works, its pros and cons, fees, how to apply, and whether you should carry it in your wallet.
What is the Destiny Credit Card?
The Destiny Credit Card is an unsecured credit card designed for those people with poor or fair credit (generally a credit score under 640). It is issued by First Electronic Bank and serviced by Concora Credit, Inc.
While secured credit cards require a cash deposit, the Destiny Mastercard® gives you credit access without an upfront payment. It reports your payment history to all three national credit bureaus (Experian, Equifax and TransUnion), so you can build your credit score over time.
Ideal For: Those with poor or no credit looking for an easy, deposit-free credit card.
Not Good For: Those seeking low fees or high credit limits.
Features & Benefits of Destiny Credit Card
1. No Security Deposit Required
Your Destiny Mastercard® doesn’t require a security deposit to open an account, unlike secured credit cards. This makes it a solid choice if you don’t have additional money to put away.
2. Reports to all 3 credit agencies
Your on-time payments are reported to Experian, Equifax and TransUnion, helping you establish a record of good credit. That is important if you hope to qualify for better credit cards later on.
3. Without Affecting Credit Score Pre-Qualification
Before applying, you can see if you’re pre-qualified without impacting your credit score. This gives you a preview of your approval chances before applying for an offer in full.
4. Fraud Protection
Like all Mastercard® products, the Destiny Credit Card is backed by $0 fraud liability, which means you won’t be liable for unauthorized charges if your card is lost or stolen.
5. Easy to Manage Online
Destiny’s online portal or mobile app lets you view your balance, make payments and track your spending.
Destiny Credit Card Fees & Interest Rates
While the Destiny Mastercard® has some advantages, it also comes with high fees and interest rates. Here’s a breakdown:
| Fee Type | Cost |
| Annual Fee | $59 – $99 (varies based on creditworthiness) |
| APR (Interest Rate) | 35.90% (variable) |
| Credit Limit | $300 (fixed, not increased over time) |
| Late Payment Fee | Up to $40 |
| Foreign Transaction Fee | 1% of each transaction |
Main Points
- The annual fee is deducted from your available credit when you open the account.
- A fixed $300 credit limit means you won’t get credit limit increases over time.
- A high 35.90% APR makes it expensive to carry a balance.
💡 Tip: Always pay your balance in full each month to avoid high-interest charges.
How to Apply for the Destiny Credit Card
Getting the Destiny Credit Card is a simple online application process that takes just a few minutes. Follow these steps:
Step 1: Get Pre-Qualified
Go to the Destiny Credit Card website and input:
- Name, address, and date of birth
- Your Social Security Number
- Your income details
🔹 You will not pay a late fee. If you are pre-qualified, you’ll be shown the details of your card offer, including annual fee and APR.
Step 2: Complete Final Application.
If you are interested in the offer, you can apply in full, which entails a hard credit check (this will lower your score a little).
Step 3: Wait for Approval
In some cases, it may take a few days, but it usually only takes a few minutes to get an approval decision. If approved, your card should arrive within 7-14 business days.
Destiny Credit Card Review — Is It Worth It?
Pros:
- No need for a security deposit
- Reports to all three credit bureaus (builds credit)
- No impact score with pre-qualification
- $0 fraud liability on unauthorized charges
Cons:
- High annual fee ($59-$99)
- Extremely high APR (35.90%)
- No credit limit (fixed $300 never increases)
- No rewards or cashback
Who Should Get This Card?
- Bad or no credit vehicle owner looking for unsecured credit cards
- Someone who pays off their balance in full every month to avoid interest
Who Should Avoid This Card?
- People who want low fees or higher limits
- A person that carries a balance (loads APR)
- Anyone who values cashback or rewards
Alternative Options: If you are looking for lower fees and a higher credit limit, consider a secured credit card such as:
- Capital One Platinum Secured (low refundable deposit, no annual fee)
- Discover it® Secured (cashback, no annual fee)
Ways To Use The Destiny Credit Card Wisely
- Always pay on time – Late payments can damage your credit score and incur additional fees.
- Maintain a low credit utilization ratio – Use no more than 30% of your available credit.
- Use no carry balance – The APR is too high to pay out, always pays the statement balance in full to avoid paying interest.
- Check your credit score — Use free tools such as Credit Karma to see how your credit is improving.
Frequently Asked Questions (FAQs)
1. Does the Destiny Credit Card have a mobile app?
Yes, you can manage your account through the Destiny Card website or mobile app.
2. Can I get a credit limit increase?
No, the Destiny Credit Card has a fixed $300 credit limit that doesn’t increase.
3. What happens if I miss a payment?
A late payment fee of up to $40 applies, and your credit score could drop.
4. Is there a way to get a lower annual fee?
The annual fee is assigned based on your creditworthiness, so there’s no way to lower it.
5. Can I use the Destiny Credit Card internationally?
Yes, but a 1% foreign transaction fee applies on purchases made abroad.
Final Words: Is Destiny Credit Card Worth It?
If you are looking for a credit rebuild with no security deposit, the Destiny Credit Card is a passable option. But due to its high fees, low credit limit, and high APR, it may not be the best credit-building option out there. If you can qualify for a secured credit card that has better terms, it may be a better way to go. But if you need an unsecured card and don’t mind the fees, the Destiny Credit Card has a path that could lead you to building your credit over time.
