Reviews
Mission Lane Visa® credit card full review: should you get it?
Complete review of the Mission Lane Visa® credit card, an "off the curve" financial product with benefits that cards for people with bad credit don't offer.
Advertisement
Mission Lane Visa® credit card: avoid large annual fees to rebuild your credit with peace of mind
In fact, most credit cards available to those with bad credit offer a less than pleasant experience. High fees and payment requirements are some of the unattractive features. So the Mission Lane Visa® Credit Card goes against all that.
Check out our review of this card and understand why it should be an option to consider.
Mission Lane Visa® card: check out how to apply!
Rebuild your credit with an initial $300 limit on terms that very few cards offer people with bad credit: no upfront deposits or "hidden" fees. See how to get the Mission Lane Visa® card!
Credit Score | Bad/fair (300-670) |
Annual Fee | From $0 to $59 |
Regular APR | From 26.99% to 29.99% variable APR *If you are charged interest, the charge will be no less than $0.50 |
Welcome bonus | None |
Rewards | None |
Mission Lane Visa® credit card: learn more about this financial product
In fact, the vast majority of credit cards for people with bad credit require an initial deposit. In addition, it will be this deposit that will define what your credit limit will be. Thus, those who do not have a cash reserve will never be able to count on a card in this condition.
Another fact about this card type is the built-in fees that most users only discover when they are already using the card. However, the Mission Lane Visa® card offers a counterpoint to all this.
First, with this card, it is possible to pay $0 of the annuity (which is not common).
Plus, even if you’re eligible for the highest annual fee ($59), you’ll still be paying less than what other cards offer (If you are charged interest, the charge will be no less than $0.50).
The Mission Lane Visa® does not charge a monthly fee, another common practice for those with bad credit. A third very relevant aspect is that, when opening the account, you are already entitled to a credit limit of R$ 300.
If you use this amount well, paying your balance on time, this amount will increase in seven months. That way, you will have a greater margin to use credit more safely in a short time. So, this is a very important factor for anyone who wants to build credit.
Additionally, this card offers $0 of fraud liability and reporting to the three major credit bureaus. All this is to make your credit score grow even faster. Plus, you can be considered for an automatic credit limit increase in 7 months with the card.
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
Mission Lane Visa® credit card features
Now you know what sets the Mission Lane Visa® card apart from other cards. So, learn about this product’s main advantages and disadvantages to decide if this is the best option for your moment.
What are the benefits?
- Credit limit of $300 with the first possibility to increase after 7 months;
- It accepts applicants with bad credit or limited history and offers instant results;
- No monthly fees or other surprise fees;
- No initial deposit is required to access the credit limit;
- If you are charged interest, the charge will be no less than $0.50.
And what are the drawbacks?
- The maximum and minimum limits of the APR are high;
- This card charges 3% on transactions abroad;
- No welcome bonus or reward program;
- Charges annual fees in some cases.
What credit score do you need to get the Mission Lane Visa® credit card?
A priori, this is a card designed for people with bad/poor credit. Therefore, it is recommended for candidates with a score of 300 to 670.
How does the Mission Lane Visa® credit card application process work?
There are actually two ways to access the Mission Lane Visa® card. One of them is through an invitation sent individually. The other is an online application.
To learn more about each of these application methods, click on the link below and read a full review of the application.
Mission Lane Visa® card: check out how to apply!
Rebuild your credit with an initial $300 limit on terms that very few cards offer people with bad credit: no upfront deposits or "hidden" fees. See how to get the Mission Lane Visa® card!
Trending Topics
The debt avalanche method: what it is and how to use it
Debt avalanche method is one of the best strategies to pay off debt. But do you really know how this thing works? Find out here!
Keep ReadingApply for the Oportun Personal Loans: Fast Approvals
Ready to elevate your finances? Learn how to apply for the Oportun Personal Loans for tailored rates and a smooth borrowing experience!
Keep ReadingHome prices in Canada have the first drop in 2 years
After 2 years, home prices finally dropped in Canada. Understand how this happened and whether it's really a good idea to buy your home now.
Keep ReadingYou may also like
VA Construction Loan: Your 101 Guide
Discover the VA construction loan, a special financing option for veterans. Learn what it is and how it works for building your dream home.
Keep ReadingWells Fargo Reflect℠ Card: check out how to apply!
0% APR and $600 as insurance for your cell phone: learn how to apply for your Wells Fargo Reflect℠ credit card for these and other benefits.
Keep ReadingMillennials and retirement: are they getting behind when it comes to saving?
Millennials are not very prepared for retirement. Understand what is happening and how you can financially prevent yourself for your old age.
Keep Reading