Is mission Lane Visa credit card a good credit card?
Overall, Mission Lane credit card is mostly recommended based on community reviews that rate customer service and user experience. Does Mission Lane Visa® Credit Card report your account activity to credit bureaus? Yes, Mission Lane Visa® Credit Card reports your account activity to the following credit reporting agencies:
What are the best alternatives to the mission Lane visa?
Here are some alternatives to consider: If you have fair credit or higher (a credit score of 580-plus), the Capital One QuicksilverOne card is a great option. Indeed, this cash back credit-building card beats out the Mission Lane Visa in nearly every category.
How much can I Raise my mission Lane Visa credit limit?
Though you may start out with a credit limit as low as $300 on the Mission Lane Visa (a common starting limit for unsecured credit-building cards), the issuer gives you a chance to increase your credit limit by demonstrating responsible card use.
Does mission Lane have a cash back or rewards program?
Does Mission Lane credit card have a cash back or rewards program? No, it does not offer a rewards program. What are the relevant APRs for Mission Lane credit card? According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance.
See more
Does the Mission Lane Visa require a hard credit pull?
Yes, you’ll face a hard pull of your credit when you apply for the Mission Lane Visa card. This action may cause a temporary dip in your credit sco...
Does the Mission Lane Visa offer cash back?
No, the Mission Lane Visa card does not offer cash back or any other rewards. Its counterpart, the Mission Lane Cash Back Visa card offers 1 to 1.5...
How long does it take to get approved for a Mission Lane Visa?
You’ll most often get an instant decision when you submit your application for the Mission Lane Visa card.
What credit score do you need for the Mission Lane Visa card?
You can be approved for the Mission Lane Visa card with a bad to fair credit score (a FICO score of 300 to 670). However, if your score is in the f...
Does the Mission Lane Visa require a security deposit?
No, the Mission Lane Visa does not require you to put down a security deposit. There is, however, an annual fee you must pay to hold the card that...
What is Mission Lane Visa?
As a standard Visa card, the Mission Lane Visa automatically comes with a handful of benefits for cardholders, including zero liability for fraud, a 24/7 pay-per-use roadside dispatch and 24-hour support for lost or stolen cards. These are some of the bare minimum benefits you should expect with a credit card, however, so the Mission Lane Visa doesn’t earn any special praise with their inclusion.
How much money do you need to get a Mission Lane Visa?
Perhaps the Mission Lane Visa’s most appealing feature is its $0 deposit requirement. You’ll get access to a minimum credit limit of $300 without putting down any money beyond the card’s annual fee.
What is Bankrate's mission?
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to:
Is Mission Lane worth it?
Though the Mission Lane Visa card’s annual fee may be worth it for people with bad credit who want to avoid putting down a deposit in order to build credit, it’s unlikely to be your best option. A few other unsecured credit-building cards are available with no annual fee and some secured cards require a minimum deposit that’s lower than the Mission Lane card’s annual fee.
Does Mission Lane Visa require a deposit?
The Mission Lane Visa card charges a reasonable annual fee compared to most unsecured cards available with bad credit, is laudably free of the hidden fees common among subprime cards and doesn’t require you to put down any money as a deposit.
Is Mission Lane a secured card?
Though it carries a relatively low cost for an unsecured card available with a damaged or limited credit history, the Mission Lane Visa card will fall short of the typical no annual fee secured card for most credit-builders.
What are the fees for Mission Lane credit card?
Mission Lane credit card charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.
Does Mission Lane Visa® Credit Card report your account activity to credit bureaus?
Yes, Mission Lane Visa® Credit Card reports your account activity to the following credit reporting agencies:
What is Mission Lane Classic Visa?
Mission Lane Classic Visa® is a card for people with less than great credit who want to enjoy the perks of an unsecured credit card, such as complimentary auto rental insurance and zero fraud liability. It can also help rebuild your credit, if used wisely since it card reports to all three major bureaus (Equifax, Experian, and TransUnion). Customers in good standing can receive higher credit lines after making six payments on time.
What is the average APR on credit cards?
According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has higher than average regular APRs. It has a variable purchase APR that ranges from 19.49% up to 29.99%. It also has a variable cash advance APR that ranges from 27.74% up to 29.99%.
What is Mission Lane?
Mission Lane was launched in 2019 as an offshoot of LendUp, a financial technology company. Both Mission Lane and LendUp target Americans who lack access to high-quality financial services, which is over half the population.
What is the recommendation score?
Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.
Why is it important to write a review?
Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.
Suggested credit score
The Mission Lane Visa® Credit Card is designed to help people build credit. It doesn't have any set credit score or credit history requirements. You may qualify for the Mission Lane Visa® Credit Card even if you have bad credit or no credit score at all.
Alternatives to consider
If you want to earn rewards: The Discover it® Secured Credit Card is a good choice for both building credit and earning purchase rewards. You'll get cash back on purchases, plus bonus cash back on up to $1,000 on gas station and restaurant purchases each quarter.
About the Author
Brittney is a credit expert and card strategist whose advice has been featured by major publications and financial sites across the web. A spreadsheet and data obsessive, she believes most problems can be solved with the right research, and she specializes in translating complex topics to educate and empower readers.
How much is the Mission Lane credit card?
The starting credit limit for the Mission Lane Credit Card is $300. If you only qualify for this amount, keep in mind that your annual fee will be $75, which means your available credit will drop to about $225.
What is the phone number for Mission Lane Credit Card?
Erwin Lozano. @erwin_lozano. The Mission Lane Credit Card phone number for customer service is 1-855-570-3732. You could also contact them online by signing in to your account. They are very responsive on Twitter and Instagram, too.
What is the APR on Mission Lane?
The Mission Lane Credit Card APR is 3.25% - 29.99% (V). The V at the end stands for “variable” and tells you the APR can change based on the Prime Rate.
How to ask Mission Lane to reconsider?
Even if you're denied, it’s important to remember that there’s still hope. You can ask Mission Lane to reconsider your application by calling 1-855-570-373 and making your case. It’s not guaranteed they will change their mind, but it’s definitely worth a try. show more….
How far in advance do you have to send payment to Mission Lane?
Alternatively, you can send your payment via mail, just make sure to send it at least 5 days prior your due date. This way you could avoid being charged with a late fee. The Mission Lane payment address is:
Can you apply for Mission Lane credit card with invitation code?
The biggest downside of the Mission Lane Credit Card is that you can only apply for it with an invitation code. If you haven’t received a pre-approved offer with a code yet, you can join Mission Lane's waitlist. show more…. 1.
Is Mission Lane a good credit card?
Yes, the Mission Lane Credit Card is a good card for people looking to build or rebuild their credit. It doesn’t have any hidden fees, and the issuer offers periodical credit limit increases (if you use your card responsibly). You’re also given many credit-building tools such as: Free access to your credit score.
Excellent card
Excellent card. Even though I am rebuilding, inital limit was higher than any others plus limit increase was fast and automatic... wasn't even 6 months. Easy approval, website is simple and easy to use. Any contact I've made or questions I had are answered quickly. I love this card and thankful for it.
THIS COMPANY DOES NOT HELP YOUR CREDIT
THIS COMPANY DOES NOT HELP YOUR CREDIT! BAD CUSTOMER SERVICE ! HIGH INTEREST RATES AND 60 DOLLARS A YEAR FOR THEIR FEE! THEY ARE OUT TO MAKE MONEY ON YOU!
BEWARE OF THEIR LACK OF EXPERIENCE
With the advancement of technology their is no reason for it to take 7-10 days to clear funds and restore available credit. I've been with them 3 months paying off the balance each month. My bank account is deducted but they do not post it to my card for availability to me - last month took 15 days.
Is WalletHub a financial advisor?
Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm.
Can you apply for Mission Lane credit card with invitation code?
You’re also given many credit-building tools such as: The biggest downside of the Mission Lane Credit Card is that you can only apply for it with an invitation code. If you haven’t received a pre-approved offer with a code yet, you can join Mission Lane's waitlist.
Is Mission Lane a good credit card?
Yes, the Mission Lane Credit Card is a good card for people looking to build or rebuild their credit. It doesn’t have any hidden fees, and the issuer offers periodical credit limit increases (if you use your card responsibly). You’re also given many credit-building tools such as: Free access to your credit score.
Clear pricing & no hidden fees
Security deposit? Nope. Activation fee? Nope. Over-the-limit fees? Nope! We've got nothing to hide.
Higher credit lines over time
We see all your hard work, and when you're eligible, we'll bump up your credit limit.
The tools to help build your credit
We've got you covered with free anytime access to your credit score, credit-building education, and reporting to all three major bureaus.
Instant credit decision
Get an instant decision on your Mission Lane Visa ® Credit Card application. No more waiting for days or weeks to find out if you're approved.
By your side anytime, anywhere
Easily manage your account 24/7 through our website and mobile app. And there's never a cost to talk with one of our world-class team members on the phone.