The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

This card is also ideal for those looking for their first credit card and want to build a credit history. Even those with prior bankruptcies can qualify for the card. This card reports to all three major credit bureaus, which is good if you want to establish payment history faster. You can also use this card without having to pay an upfront security deposit, unlike some other cards for people with mediocre credit.

Our review of the Destiny Mastercard® - $700 Credit Limit gives you a thorough breakdown of all the benefits of this card and the various charges that come with it.

Card Details to Know Up Front
  • Bonus, Fee or Feature
    Has or Not
  • Has Annual Fee
  • Has Balance Transfer Offer
  • Has APR Offer
  • Has Rewarding Welcome Offer
  • Recommended Credit
Click to see this card’s rates, fees and how they compare to other cards in our dataset.

Destiny Mastercard® - $700 Credit Limit at a Glance

Although the card does not require an upfront security deposit, it does charge a moderate annual fee (see terms*).

  • Destiny Mastercard® - $700 Credit Limit

    A solid no-frills credit card with opportunities to repair or build credit.

    • Poor–FairRecommended Credit
    • See terms*Annual Fee
    • 3# of Reporting Bureaus
    • See terms*APR

    Destiny Mastercard® - $700 Credit Limit

    Terms, rates and fees apply

    Compare this credit card with other top-rated student credit cards from our partners.

Pros & Cons Explained

Although the card does not charge a security deposit, there are other fees that you must keep in mind, as they can become rather costly, depending on how you use the card. Let’s take a look at the Destiny Mastercard® - $700 Credit Limit’s advantages and disadvantages.


  • Benefits
  • No upfront security deposit
    Usually, cards for those with bad to poor credit scores are secured with an upfront deposit, but this card does not charge a security deposit.
  • Quick pre-qualification
    This card does a quick pre-qualification check, which takes only 60 seconds to let you know whether you qualify for it.
  • Low minimum credit score
    You can qualify for this card with a bad to poor credit score. Even those who have declared bankruptcies in the past can qualify.
  • Reports to all three credit bureaus
    This card sends reports to all the three major credit bureaus, which helps establish a good credit score with proper card usage.


  • Drawbacks
  • Annual fee
    The annual fee varies (see terms*). While it tends to be relatively low, other entry-level cards have no annual fee.
  • High APR
    The card has a considerably high variable purchase APR (see terms*). This could lead to significant charges if you do not pay off your balance in full every month.
  • No rewards program
    Unlike other cards that help build credit, this card does not provide any rewards or cash back offers.
  • Foreign transaction fee
    This card charges a fee of 1% on all international transactions, which makes it less than ideal if you want to use it abroad.
balanceTransfer icon

The Destiny Mastercard® - $700 Credit Limit made it on our list of the best student credit cards. You can know more about the other options by reading our full review.

Other Features Explained

  • Card Feature
  • Cash advance fees
    You will be charged a fee of $5 or 5% of the transaction amount, whichever is higher.
  • Credit limit
    The card offers a very low credit limit of $700.
  • Annual fee
    Depending on your eligibility, the Destiny Mastercard® - $700 Credit Limit may charge you an annual fee (see terms*).
mglogo icon

Note that the Destiny Mastercard® - $700 Credit Limit deducts the annual fee from your credit limit, which further restricts your spending capability. For example, if your annual fee is $59, this amount will be deducted from the $700 credit limit, which means you will be left with only a $641 spending limit in the first month.

Understanding the Fine Print

You do not need to pay an upfront security deposit to start using the Destiny Mastercard® - $700 Credit Limit, but it does charge an annual fee and its purchase APR rates are very high (see terms*)

  • Card Feature
    Amount or Rate
  • APR
    See terms*
  • Annual Fee
    See terms*
  • Balance Transfer Fee
  • Balance Transfer APR
  • Late Fees
    Up to $41
  • highInterestAPR icon

    Regular APR

    The card charges a high regular APR (see terms*) and does not provide any intro APR offer. This means the APR will start accruing interest from the date of your first transaction.

  • highInterestAPR icon

    Cash Advance APR

    The cash advance APR for this card is also 35.90%. Other cards in the same category offer a lower cash advance APR rate.

  • money2 icon

    Cash Advance Fee

    There is a charge of $5 or 5%, whichever is higher (up to a limit of $100). Note that although there is no cash advance fee, you will still be charged a significantly high APR of 35.90%, which will accrue interest from the transaction date.

  • wallet icon

    Late Fees

    The card charges a fee of up to $41 for any late payments. This is in addition to the APR charges that accrue on the total outstanding amount. Missing payments may also impact your credit score.

creditCardsMagnifyingGlass icon

You can compare this card with other cards for students or those with lower credit scores. You must keep in mind the charges that the cards levy, such as the APR and annual fees. You can find this information on the card provider’s website, in your last bill statement or on the credit card agreement database provided by the Consumer Financial Protection Bureau.

Who Should & Shouldn’t Consider Destiny Mastercard® - $700 Credit Limit?


Other Considerations for Destiny Mastercard® - $700 Credit Limit

It is important to consider whether this will be your only card or whether you are going to use it with other cards, as its pros and cons may vary depending on your use case.

Things to Consider if This Will Be Your First or Only Credit Card

If you are going to use the Destiny Mastercard® - $700 Credit Limit as your first or only card, you must keep in mind the limited credit that it offers. With a limit of only $700, this card could be unfit to meet all your spending requirements.

This card does give you the option of over-limit coverage that lets you spend more than the card's $700 credit limit. This is not advisable as you could be charged up to $41 in over-limit fees and doing so may increase your credit utilization ratio and in turn hurt your credit score.

Things to Consider if This Will Be an Additional Card in Your Wallet

If the Destiny Mastercard® - $700 Credit Limit is going to be used in combination with other cards, you must keep in mind the credit limit and the foreign transaction fee.

If you have another card with a higher credit limit that does not charge an international transaction fee, then this could be a good choice as a supplemental card. Not utilizing the entire limit on the Destiny Mastercard® - $700 Credit Limit can also help boost your credit score.

If another card that you own offers rewards points and cash back, then you could use this card to improve your credit while at the same time earning benefits using the other card.

fraudProtection icon

Our transparent and comprehensive approach for reviewing credit cards considers important aspects that could impact your finances. Our in-depth process assesses all the necessary information which includes compiling reports from the Consumer Finance Protection Bureau’s database.

How Destiny Mastercard® - $700 Credit Limit Compares to Other Cards

Although the Destiny Mastercard® - $700 Credit Limit could be a good option for those looking to establish their credit, there are better options available in the market. We compared this card to others in the same category on some important aspects.

Quick Comparison of Destiny Mastercard® - $700 Credit Limit

creditCard icon

Destiny Mastercard® - $700 Credit Limit

  • Annual fee: See terms*
  • Recommended credit score: Bad to poor
  • Intro APR offer: No
  • Cash back rewards: No
  • Mini verdict: Best for those who want to build credit without a security deposit
creditCard1 icon

Discover it® Secured Credit Card

  • Annual fee: $0 (requires a minimum $200 deposit)
  • Recommended credit score: Poor
  • Intro APR offer: 10.99% intro APR on balance transfers for 6 months
  • Cash back rewards: 2% cash back (select categories). 1% cash back on all other purchases
  • Mini verdict: Best for those with poor credit who want to improve their standing and earn rewards

Other Helpful Decision-Making Q&As

If your credit score is not great and you are committed to improving it, there are many good options available in the market. Knowing what other users look for before making a decision can help you too.

Still not sure about this card? Consider these options.

If you’ve not yet made up your mind about which card is best suited for you, you can take a look at our list of the best student cards. If you are looking for other options, you can also check some of the best cards for bad credit or a secured card with benefits.

Learn more about credit cards in general

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with and for our coverage of credit card products. MoneyGeek, CardRatings and may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.