Credit Cards » Credit Card Reviews » Destiny Mastercard® Review: 2023 Review
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Destiny Mastercard® Review: 2024 Review

While the card doesn't offer any benefits or rewards, the Destiny Mastercard can help you access a small line of credit to rebuild your credit
Author: Andrew O'Malley
Andrew O'Malley

Writer, Contributor

Experience

Andrew O’Malley has a BSc in Economics and Finance. He has worked in the finance industry as a risk analyst and is now pursuing a career in writing. In recent years, he has written for a number of leading publications. He studied Economics and Finance and has been fascinated with the financial markets since his teens.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Andrew O'Malley
Andrew O'Malley

Writer, Contributor

Experience

Andrew O’Malley has a BSc in Economics and Finance. He has worked in the finance industry as a risk analyst and is now pursuing a career in writing. In recent years, he has written for a number of leading publications. He studied Economics and Finance and has been fascinated with the financial markets since his teens.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Destiny Mastercard®

Destiny mastercard

Rewards Plan

None

Sign up Bonus

None

Credit Rating

NoCredit / Bad Credit

0% Intro

N/A

Annual Fee

See Terms

APR

35.90%
Destiny Mastercard®

Destiny mastercard

Rewards Plan

None

Sign up Bonus

None

0% Intro

N/A

PROS

CONS

APR

35.90%

Annual Fee

See Terms

Balance Transfer Fee

N/A

Credit Requirements

NoCredit / Bad Credit

The Destiny Mastercard® offers those with less imperfect credit to rebuild their credit . While the card does not offer any benefits or rewards, it can help you access a small line of credit, which is typically $700.

Although this may seem like a small amount, this is an unsecured card that can help you to build a positive credit history. Your card activity is reported to the three major credit bureaus. So, you can enjoy the convenience of having a credit card and establish a consistent record of payments.

This makes the Destiny Mastercard an ideal option for those who need to build their credit. All credit histories are considered, and you may even qualify if you’ve had a prior bankruptcy.

While the credit criteria for the card is designed to help the credit challenged, there are no guarantees for approval.

  • Higher Credit Limit
  • Less Than Perfect Credit
  • No Security Deposit Required
  • 24/7 Account Access
  • Fraud Protection
  • Multiple Fees
  • Low Credit Limit
  • No Guarantees for Approval
  • High Interest Rate
  • No Rewards

In this Review

Benefits

As with any financial product, there are both potential positives and negatives associated with this card. It is important to be aware of both before applying to ensure it is the right choice for your specific circumstances.

As of May 2024, Destiny offers greater access to credit than before, $700 instead of $500.

Many cards are only available to those with a high credit score, but the Destiny Mastercard is designed to assist those who have had credit issues in their past. 

You may even qualify if you’ve had prior bankruptcy.

While the Destiny Mastercard is only offered with a small credit limit, there is no need to provide a security deposit. 

This makes it a great option for those who need a credit card, but lack the funds to provide a security deposit.

You can manage your account with the online secure website. This allows you to enjoy 24/7 access to your card account even on your mobile device.

The Destiny Mastercard is provided with a number of security protections. This includes ID Theft Protection that alerts you if your email address, cards, bank accounts or social security number is used. There is also Zero Liability Protection, so you can have the reassurance that you won’t be responsible for unauthorized transactions.

Drawbacks

In addition to the annual fee, there are several fees that you can incur for normal use. 

For example, there is a $12.50 monthly fee, which is applied after your first year. 

This card is only offered with a small credit limit and there are typically no increases, even with frequent on time payments. 

The Destiny Mastercard is designed to help you establish good credit, but there is no automatic upgrade. You would need to apply for another card once you have increased your credit score.

Although the Destiny Mastercard is marketed as a flexible card for practically anyone, there are no guarantees for approval. The issuer will evaluate many aspects of your credit history to determine if you qualify.

Since the Destiny Mastercard is designed for those with a good to poor credit score, the interest rate reflects the risk to the lender. This means that you can expect to pay a high interest rate unless you pay off the balance in full each month.

Unfortunately, the card does not offer any rewards. So, in addition to paying an annual fee, there is no cashback, points or other rewards.

Is the Destiny Mastercard Card Right for You?

If you have fair or bad credit and are looking for an unsecured credit card, it may be worth checking the Destiny Mastercard. Many subprime credit cards charge an annual fee, but the fee for this card is quite reasonable and determined by your specific circumstances. 

While the APR is high, it is quite typical of a subprime credit card. Of course, if you have good credit, you will be able to qualify for a card with a better rate and card benefits. However, if you’re looking to rebuild your credit, this card does report your activity to all the major credit bureaus and could help you establish a higher credit score for the future.

Compare The Alternatives

There are more cards to build credit with – here are some good alternatives to the Destiny card:

capital_one_secured_mastercard

citi secured mastercard review

Discover It Secured review

Capital One Secured
Citi Secured
Discover It Secured
Annual Fee
$0
$0
$0
Rewards
None None
None None
1-2% 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter and unlimited 1% cash back on all other purchases
Welcome bonus
None None
None None
Cashback Match™ Discover will match all the cash back you’ve earned at the end of your first year.
Foreign Transaction Fee
$0
3%
3%
Purchase APR
30.74% (Variable)
21.24% – 29.24% (Variable)
28.24% Variable

Review Secured Credit Cards

Picture of Andrew O'Malley

Andrew O'Malley

Andrew O’Malley has a BSc in Economics and Finance. He has worked in the finance industry as a risk analyst and is now pursuing a career in writing. In recent years, he has written for a number of leading publications. He studied Economics and Finance and has been fascinated with the financial markets since his teens.
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The product offers that appear on this site are from companies from which this website receives compensation.
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Annual Fee:
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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.