Review
concora Destiny Mastercard Review: High-Cost Credit Building for Poor Credit
Our Destiny Mastercard review reveals a card for poor credit that helps build history, but its steep fees and high APR make it a costly last resort. Discover why this unsecured option should only be considered if all others fail.
Concora Credit
Destiny Mastercard
| Annual Fee | $175.00 |
| Sign-up Bonus | No signup bonus |
| Rewards Rate | No rewards |
| Regular APR | Annual Percentage Rate (APR) for Purchases 35.9% APR for Cash Advances 35.9% |
| Other Fees | Monthly Fee $0 the first year (billed $0 each month); $150 annually thereafter (billed $12.50 each month) Cash Advance Fee $5 or 5% of the amount of each transaction, whichever is greater (not to exceed $100) Foreign Transaction Fee 1% of each transaction in U.S. dollars Late Payment Fee Up to $41 Overlimit Fee Up to $41 Returned Payment Fee Up to $41 Minimum Interest Charge If you are charged interest, the charge will be no less than $1.00 Credit Protection monthly fee $1.49 per $100 of the ending balance on your billing statement |
Overview
Pros & Cons
What's great
- Helps build credit
Things to consider
- High annual and ongoing monthly fees
- Very high regular APR
- No rewards program
- No sign-up bonus
- Foreign transaction fees apply
- Low initial credit limit
Benefits
Drawbacks
Decision Guidance
Summary
The Destiny Mastercard receives a 'Very Poor' overall rating of 0.5 out of 5.0. This card is a prime example of a predatory product designed to profit from consumers with severely damaged credit, rather than genuinely help them rebuild. The APR is ex...