Destiny Mastercard® - $700 Credit Limit Review

The Destiny Mastercard® - $700 Credit Limit notably doesn't require a security deposit, making it accessible to those who may not have spare funds to put down. While this is a common feature of unsecured credit cards, it stands out among cards designed for those with poor or fair credit, which are typically secured credit cards. The lack of a deposit removes a barrier to entry, but it's crucial to consider this with the card's other features, like high fees and APR, before deciding if it's the right fit.

With a credit limit of $700, the Destiny Mastercard® - $700 Credit Limit may seem appealing to those with limited credit or a low credit score. This moderate limit can help you manage your spending and prevent debt accumulation. However, it may be inadequate for those with larger expenses or who want to take full advantage of credit utilization ratios for credit building.

While the Destiny Mastercard® - $700 Credit Limit offers some perks, it comes with a hefty price tag. The high annual fee, especially in the first year, along with a recurring monthly fee after the first year, can quickly add up. These fees reduce your available credit and may be worth considering whether they outweigh the benefits for your specific financial situation.

The Destiny Mastercard® - $700 Credit Limit has a steep APR of 35.90%. This is an important factor to consider as it's significantly higher than most other cards, including those targeting individuals with low credit scores. If you often carry a balance month-to-month, interest will accumulate quickly with this card, potentially leading to a cycle of debt.