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

Mission Lane Visa® credit card
Learn all about the Mission Lane Visa® credit card. Source: Mission Lane

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.

Logo Mission Lane

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 ScoreBad/fair (300-670)
Annual FeeFrom $0 to $59
Regular APRFrom 26.99% to 29.99% variable APR

*If you are charged interest, the charge will be no less than $0.50
Welcome bonusNone
RewardsNone

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.

Mission Lane Visa® credit card features

Image of gorgeous brunette woman wearing casual clothes holding credit card and cellphone
Learn more about the card’s pros and cons! Source: Adobe Stock.

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.

Logo Mission Lane

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

content

Rescue One Financial Review: Slash Debt, Gain Control

Explore our Rescue One Financial review for insights on debt solution. With zero upfront costs, it’s your journey towards financial freedom.

Keep Reading
content

How to find cheap flights: 7 easy tips

Learning how to find cheap flights is a skill that can change your vacation forever. Discover how to find offers invisible to most customers!

Keep Reading
content

The debt snowball method: get your finances back on track

The debt snowball method can get you out of debt extremely quickly. Understand how the method I used to pay off my debts works.

Keep Reading

You may also like

content

Life Loans Review: Fast Funding for All Credit Types

Read our Life Loans review and learn how to get quick funding with next-day deposit and flexibility for all credit types.

Keep Reading
content

Plain Green Loans review: Get the funds you need, fast!

Get the upper hand with our Plain Green Loans review to learn how you can borrow up to $5,000 with same-day funding and transparent terms.

Keep Reading
content

How credit card miles work (and how to earn them!)

Discover the whole truth about how credit card miles work and how you can benefit from these rewards to fulfill your travel dreams!

Keep Reading