Destiny Mastercard Review

Destiny Mastercard Credit Card

If you have a poor credit score and need help rebuilding your credit, the Destiny Mastercard® may be a potential card for you. The Destiny card is issued by First Electronic Bank and is suitable for consumers with poor to fair credit scores.

Although the Destiny card is an unsecured credit card not requiring any deposit and reports to all three credit bureaus, it’s still important to weigh the costs of owning this card.

Destiny Mastercard Details

  • Credit Limit: Starting credit limit of $300 (secured)
  • Annual fee: $55 to $99 annual fee 
  • Annual Percentage Rate (APR): 24.9%
  • APR for Cash Advances: 29.9%
  • Late Fees:  Up to $40
  • Returned Fee: Up to $40
  • Overlimit Fee: Up to $40
  • Cash Advance Fee: $0 for the first year. Afterward, $5 or 5% of each transaction amount (highest value applies).
  • Foreign Transaction Fee: 1% of each transaction (in US dollars)
  • Rewards Program: None

The destiny credit card is targeted towards people with bad to fair credit (including prior bankruptcies).

Is It Hard To Get a Destiny Credit Card?

While there are no guarantees, the chance of getting approved is pretty good compared to other credit card offers. Plus, Destiny Mastercard offers quick and easy pre-qualifications.

Destiny Card Pros and Cons

Destiny Mastercard Pros

1. Convenient Pre-qualification

Enjoy the convenience of pre-qualifying for the Destiny Mastercard without affecting your credit score. If you are pre-qualified, you can then decide whether to proceed with the complete application process.

2. No Security Deposits

The Destiny Mastercard is an unsecured credit card. It does not require a security deposit, making it a decent option for people trying to rebuild their credit score who currently don’t have the funds to cover a deposit.

3. Credit Reporting

Every month, the Destiny credit card reports to all three major credit bureaus (Experian, Equifax, and TransUnion).

4. Lower Foreign Transaction Fee

One perk of the Destiny Mastercard is its lower than average foreign transaction fee, currently set at 1% of each transaction. As international transaction fees tend to fall around 3%, a 2% savings can quickly add up if you travel frequently.

You get to enjoy these lower fees in over 200 countries and more than 40 million merchants.

5. Free Fraud Liability Protection

Cardholders of Destiny Mastercard are relieved of worry when it comes to fraudulent charges.

 If you are a cardholder, you are not responsible for any unauthorized purchases made on your Destiny credit card. And that’s because they have a zero liability protection plan. 

Destiny Credit Card Cons

1. Annual Fee

The Destiny Mastercard credit card does come with a yearly annual fee between $59 to $99.

2. Higher Interest Rate

According to the balance’s August report, the average APR for credit cards is currently 20.25%. With the Destiny card’s average percentage rate set at 24.9%, cardholders are looking at 4.65% above the average interest rate.

3. Lack of Rewards

Destiny credit cards offer no rewards or cashback perks, making it a simple unsecured credit card. 

Does Destiny Credit Card Increase Credit Limits?

The credit limit of the Destiny MasterCard is set at $300. While this remains a negative point for the credit card, it can still be used for small purchases.

Destiny Mastercard Alternatives

1. Legacy Visa Card

The Legacy Visa Card is an unsecured credit card similar to the Destiny Mastercard, however; it’s by invitation only.

Annual Fee: $75 annual fee (invoiced on a monthly basis at $6.25).

Average Percentage Rate:  29.9% APR

Rewards & Protection Plan: The Legacy Visa offers optional rewards and payment protection plans for additional monthly fees.

2. Capital One Platinum Credit Card

The Capital One Platinum Credit Card is another potential credit card marketed to people looking to rebuild credit. It’s a secured card with no annual fee.

Minimum Security Deposit: Security deposits are set to be either $49, $99, or $200.

Annual Fee: The Capital One Platinum card has no annual fee.

Average Percentage Rate: A variable APR of 24.99%.

Foreign Transaction Fees: There are no international transaction fees allowing you to save 1% compared to the Destiny card.

Credit Limits: Your account will be reviewing after six months for a potential credit limit increase.

Where Can I Send My Destiny Mastercard Payment?

Payments can be sent to the following address:

Destiny Card Contact Information

Toll-free customer service number: 1-844-222-5695

Fax number: 888-325-4717

Correspondance address:


With its low credit limit, annual fee, no rewards program, and higher than average APR, the Destiny Mastercard has a lot of room for improvement.

However, when credit card options are limited, the Destiny credit card can be used to make small purchases each month to help start rebuilding your credit score.

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About the author

Clara is the founder of Credit Rise Up, an entrepreneur, personal finance expert, and credit repair enthusiast. She’s committed to helping her readers get on the right track and take actionable steps towards improving their credit by using the experience that allowed her to join The 800 Club. Find out more.

Destiny Mastercard Review