Destiny Mastercard Review

The Destiny Mastercard is ideal for people with imperfect credit who want to improve their credit score. It allows you to enjoy all the benefits of a Mastercard without a security deposit. The Destiny Mastercard reports your financial activity to all three major credit reporting agencies, allowing you an opportunity to quickly improve your credit standing.

Other notable features of the Destiny Mastercard include online account management, no deposit necessary, and choice of card design at no charge. However, the card does not offer any reward points and comes with a fixed 24.90% APR. There is an annual fee that ranges from $59 to $99. Check out our review below to find out what you need to know before applying for the Destiny Mastercard.

What is the Destiny Mastercard?

The Destiny Mastercard is issued by FDIC member First Electronic Bank and serviced by Genesis FS Card Services, Inc. Genesis FS Card Services, Inc. provides service for all Mastercard companies across North America. The Destiny Mastercard is ideal for those who want to increase their access to credit without paying a security deposit. You can qualify if you have less than perfect credit or even if you had a prior bankruptcy.

The Destiny Mastercard is a chip card. Chip cards are credit cards that come with a microchip embedded in them. They can be used at chip-enabled terminals to provide extra security and protection against fraud. Microchips are easy to use. All you have to do is insert them into a chip terminal.

You’ll need to match up the microchip to the end of the slot on the terminal. It works by creating a unique single-use code that validates the transaction when it’s used at chip-enabled terminals, protecting your card from unauthorized use. You can still use your card even if there is no chip-enabled terminal. Just slide your card through the magnetic strip like you normally would.

Here are some of the basic terms and conditions linked to the Destiny Mastercard:

  • Cash advance transaction fee: 0$ for the first year and either $5 or 5% of the amount of each cash advance after that (which is more) with a maximum of $100
  • Foreign translation fee: 1% of the amount in U.S. currency
  • Annual fee: $59 to $99
  • Return payment penalty fee: up to $40
  • Late payment penalty fee: up to $40
  • Overlimit penalty fee: up to $40
  • Cash advance APR: 29.9%
  • Fixed APR: 24.90%
  • Penalty APR: 29.9%

What Does It Offer?

The Destiny Mastercard allows you the opportunity to boost your credit if you have filed for bankruptcy or have less than perfect credit. This is because your financial activity will be reported to all three major credit reporting agencies. When you make a payment on time, this will be reflected in your credit report. Over time, having a history of on-time payments will boost your credit score. On the other hand, making late payments will be reflected in your credit report and this can bring down your score.

The Destiny Master card features all of the benefits of a regular Mastercard at no additional charge. You’ll get Mastercard ID theft protection, which provides thorough identity monitoring of your social security number, email addresses, credit cards, debit cards, bank account, username and passwords for internet logins, and much more. You’ll also enjoy a zero liability protection plan stating that you are not responsible for unauthorized transactions.

Here are some other Mastercard features that come with your Destiny Mastercard:

Mastercard global service: this feature provides worldwide, 24-hour assistance with lost and stolen card reporting, emergency cash advance, and emergency card replacement. You can call this service to immediately report your stolen or lost card and to cancel the account. If you need to make purchases or arrange for a cash advance, then you can temporarily reserve a card the next day within the United States and within two days almost anywhere else. Additionally, if you report your lost or stolen card, you will not be held responsible for fraudulent charges.

Single bureau credit monitoring: this feature monitors the cardholder’s Transunion credit file to determine new changes that could result in fraud, including a change in address, new credit inquiries, or new lines of credit opened in the cardholder’s name. An alert will be sent to the cardholder via email so that they can take immediate action and prevent any damage.

Mastercard airport concierge: this feature provides you with a 15% discount on airport meet and greet services. You can arrange for a personal dedicated agent to escort you through airports during a departure, arrival, or any connecting flights. This service is good at over 700 destinations over the world and is available 24/7, 365 days a year. There are also locations where you can be expedited through security or the immigration process.

Resolution services: this feature allows you to have access to a team of identity theft resolution specialists 24/7, 365 days a year. This can help you resolve your identity theft problems and prevent further damage. Resolution service members speak English, French, and Spanish.

Financial account takeover: as part of your identity theft protection, Mastercard will monitor your high-risk transaction with more than 300 of the nation’s largest companies. This can help uncover and stop attempts to take over your account. Transactions that are monitored include brokerage accounts, healthcare portals, bank accounts, debit and credit cards, prepaid cards, and workplace intranets.

Lost wallet assistance: this feature allows cardholders assistance with notifying the appropriate authorities to cancel or replace stolen and missing items, including their driver’s license, social security card, passport, and credit or debit cards.

How Does It Work?

The Destiny Mastercard allows you to boost your credit by reporting your financial activity to the three major credit reporting agencies. Other credit cards may only report to one or two. This can lead to inaccuracies between your credit reports from each individual organization. Banking with a credit card that reports to all three agencies is a good way to ensure that your credit score will be uniform across the board.

The Destiny Mastercard also appeals to those who have less than perfect credit. You can have bad or fair credit and still quality. Keep in mind that your credit score will likely influence your credit limit. The Destiny Mastercard is an unsecured card, which means that you do not need to put down a security deposit to obtain it.

A small credit limit of $300 is the perfect way to boost your credit score. By making small payments on time each month, you’ll ensure that you never go over your limit or miss a payment. Other cards that allow you a higher line of credit might make it easier for you to fault on payments if you simply can’t afford them.

Here is how the Destiny Mastercard ranks when compared to other secured cards:

Credit One Bank Unsecured Visa with Cash Back Rewards:

Hannual fee of $0 to $99, allows cardholders to earn 1% back on select purchases, does not include an introductory bonus, and comes with Visa benefits (such as zero dollar fraud liability and free FICO credit score access)

First Progress Platinum Prestige Mastercard Secured Credit Card

Has a $49 annual fee, does not offer any rewards, cashback, or welcome offers, and comes with Mastercard benefits (such as rental car collision damage waiver, purchase protection, and extended warranty coverage)

Destiny Mastercard

Has an annual fee of $49 to $99, does not offer a rewards or welcome offer, and comes with Mastercard benefits (such as identity theft protection and zero liability protection)

Destiny Mastercard: Pros and Cons

The Destiny Mastercard is favorable for people with bad or fair credit who seek the same benefits as others when it comes to utilizing a line of credit. You can qualify with bad credit and use this card as a tool to boost your credit.

The Destiny Mastercard reports your financial activity to all three major credit reporting agencies. By making all payments on time, you’ll be able to boost your credit in a short amount of time. Additionally, your credit records will be uniform across all three agencies and not just one.

Your initial line of credit is small, too. This helps ensure that you can make all payments on time without missing a payment. If you have good credit and need a lower APR or higher credit limit, then you may want to consider another card. Here is a complete list of the pros and cons of the Destiny Mastercard.

Destiny Mastercard PROS

  • Your credit activity will be reported to all three credit reporting agencies (not just one or two)
  • The Destiny Mastercard is embedded with a chip to enhance security and protection against fraud
  • You’ll enjoy full Mastercard benefits, such as a zero liability protection plan, the Mastercard ID theft protection plan, and much more
  • You are not held responsible for fraudulent charges if your card is lost or stolen (as long as you report it)
  • A small credit limit of $300 makes it easy to pay on time to avoid late charges and boost your credit
  • You can qualify for the card with bad credit, even if you’ve filed for bankruptcy in the past
  • You can check to see if you qualify without impacting your credit score
  • The annual fee of $59 to $99 is modest for an unsecured credit card
  • You can choose your card design at no extra charge
  • The application process is quick and easy
  • You can manage your account online 24/7
  • There is no security deposit required

Destiny Mastercard CONS

  • There are no reward points or sign up bonuses available with this Mastercard
  • Expect to pay penalty fees if your payments are late, returned, or you go over your limit (this is standard for most credit cards)
  • The APR of 24.90% is higher than most credit cards
  • No balance transfer options are available at the time of this writing

Should You Apply For The Destiny Mastercard?

Anyone with bad credit knows that it’s hard to find a credit card company that will work with you. This is especially true if you have filed for bankruptcy before. If you manage to find a credit card company that will extend you a line of credit, then you’ll probably have to pay an APR near 30% or more. You may also have to put down a security deposit. Additionally, most credit-boosting credit cards only report to one or two credit reporting agencies and do not offer any benefits.

The Destiny Mastercard is a great deal for someone looking to boost their credit score. Your financial activity will be reported to all three credit reporting agencies. Your APR is a modest 24.90%, which is not bad considering there is no security deposit required. Plus, the Destiny Mastercard provides all the benefits you’d expect from a regular Mastercard. You’ll be protected from fraud and criminal activity, and you won’t be held responsible for fraudulent activity (as long as you report your card lost or stolen). We doubt you’d find a better credit card for the price for as many benefits.

How To Apply

Before you can apply for the Destiny Mastercard, you’ll need to pre-qualify on the company’s website. This process is easy and only takes a few minutes. You can also get a free quote online that doesn’t impact your credit score. Some credit card companies require a hard pull on your credit to obtain a quote. These inquires show up on your credit report and can negatively affect your score if you have too many of these.

According to the company’s website, all credit histories will be considered for the Destiny Mastercard - even those with a prior bankruptcy. You can also apply if you have no credit. Keep in mind that this does not necessarily guarantee that you’ll be approved. You’ll need to review your pre-qualification request closely to determine whether you meet the requirements for this card.

Before you apply, here is some information you will want to have handy to speed up the approval process:

  • Personal information, such as your full name, physical address, email address, phone number, and social security number
  • Bank account information, such as your account number, where you bank, and monthly expenses
  • You may also be asked to provide additional information, such as employment information, bankruptcy information (if you’ve filed for this in the past), your credit score, and other information that might be found on your credit report

Leave a comment


CreditNervana promises to keep our information as accurate and up-to-date as possible. However, you should always consult a financial advisor for specific questions about personal or business finances and investment opportunities, especially if you are looking in your area. Working with a trained professional who is familiar with your case is a safe and guaranteed way to make the best investment decision possible. Please review our terms and conditions before making any decision based on the information we provide. Financial institutions are constantly changing. Because of this, it’s a good idea to cross check the information you read here with any company you are considering working with.


Send us message

Copyright 2021 CREDITNERVANA © All Rights Reserved