Question 1

Who is eligible for the Destiny MasterCard?

Accepted Answer

The Destiny MasterCard is primarily designed for individuals with limited or challenged credit histories. It can be a suitable option if you have bad credit with past bankruptcies, late payments, or collections. The eligibility criteria may include being at least 18 years old and meeting specific income requirements. However, it is generally more accessible for those with lower credit scores.

Question 2

What is the annual fee for the Destiny MasterCard?

Accepted Answer

The Destiny MasterCard has an annual fee structure. In the first year, the annual fee is $75. After the initial year, it increases to $99 annually. It's essential to be aware of these fees and factor them into your budget when considering the card.

Question 3

Does the Destiny Credit Card offer rewards or cashback?

Accepted Answer

No, the Destiny MasterCard does not offer rewards, cashback, or bonus programs. It is primarily focused on helping individuals build or rebuild their credit histories. While rewards can be attractive with other credit cards, the Destiny MasterCard's main benefit is its potential to improve your creditworthiness.

Question 4

Is there a foreign transaction fee for using the Destiny MasterCard abroad?

Accepted Answer

Yes, the Destiny MasterCard charges a 1% foreign transaction fee for purchases made outside the United States. If you plan to use the card internationally, be aware of this fee and consider using alternative payment methods if you travel frequently.

Question 5

What happens if I miss a payment or go over the credit limit with the Destiny MasterCard?

Accepted Answer

Missing a payment on the Destiny MasterCard may result in a late payment fee of $40. Additionally, going over your credit limit can also incur a $40 over-the-limit fee. It's crucial to manage your card responsibly, make payments on time, and stay within your credit limit to avoid these fees and maintain your progress in building or rebuilding your credit.