Nah, it's a legit credit card. " Oportun ® Visa ® Credit Card is issued by WebBank, Member FDIC. Actual account terms are based on application information and creditworthiness, and may vary."
Full Answer
Is the Oportun Visa credit card legit?
The financial institution did not provide the details. The Oportun® Visa® Credit Card is a legit card for people with limited credit history who want to build a solid credit score, as it reports account information to the major credit bureaus each month.
Is there a security deposit for the Oportun Visa credit card?
There’s no security deposit, but there could be an annual fee The Oportun Visa Credit Card isn't a secured credit card, so it doesn’t require a security deposit to qualify. But you may have to pay an annual fee of up to $29, depending on your creditworthiness.
What are my Oportun credit card approval odds?
Your Oportun Credit Card approval odds are good if you have little-to-no credit, or a credit score of 640+ (at least fair credit). Approval odds for the Oportun Credit Card will be influenced by your annual income and existing debts, and you need to be 18+ years old. You'll also need to have a U.S. mailing address and an SSN or ITIN.
What does it mean to be pre-approved for an Oportun credit card?
Getting pre-approved for an Oportun Credit Card means that your chances of being approved for an account are very high if you apply, but it does not mean that approval is guaranteed. Oportun Credit Card pre-approvals do not affect your credit score, as they're done using a soft “pull,” or inquiry.
Is Oportun a real credit card?
The Oportun Visa Credit Card, issued by WebBank, is one of just a handful of credit cards that can facilitate a path to credit for those with no credit history. It officially became available in most states as of August 2021, after a pilot period.
Is Oportun real?
Oportun is an online and storefront lender that makes installment loans to low- and moderate-income applicants with limited or no credit history. Oportun's rates are high, but below the 36% maximum that many financial experts and consumer advocates consider affordable.
Does Oportun credit card do a hard inquiry?
Yes, Oportun does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
Is Oportun credit card unsecured?
Unlike other card products that are available to financially responsible people with limited or no traditional credit history, the Oportun card is unsecured and offers starting credit lines of up to $1,000.
What credit score is needed for Oportun?
300 – 700Application Process & Eligibility Requirements Oportun is known for its very flexible credit score requirements. The credit score range that borrowers must fall into in order to be eligible for an Oportun loan is generally 300 – 700, but it will also approve people who have no credit.
What bank does Oportun use?
WebBank, MemberThe lender for the Oportun Visa Credit Card is WebBank, Member FDIC, which is who reports your account behavior to nationwide credit bureaus.
What is the annual fee for Oportun credit card?
$0 - $49 per yearThe Oportun Credit Card annual fee is $0 - $49 per year. Oportun Credit Card's annual fee may be higher or lower than the average annual fee among new credit card offers, depending on your creditworthiness. It's not the only fee you need to worry about with the Oportun® Visa® Credit Card, either.
Does Oportun affect credit score?
Oportun does have a prequalification application, so you can find out if you may qualify for a loan — and how much you may be able to borrow — with just a soft credit inquiry, which doesn't affect your credit scores.
Can I withdraw money from my Oportun credit card?
The total cash advance balance is limited to the greater of 30% of your credit limit or $150. Cash Advances cannot exceed 1 transaction per day, as applicable.
Can I use my Oportun credit card at an ATM?
The Oportun® Visa® Credit Card cash advance fee is 3% (min $10) per transaction, whichever is higher. A cash advance fee is charged when using the Oportun Credit Card for cash withdrawals at an ATM.
How do I cancel my Oportun credit card?
To cancel an Oportun Credit Card, call customer service at 1 (833) 676-7886 and ask a customer service rep to cancel your card account. Be aware that if there's a balance remaining on the canceled account, you will still need to make at least the minimum payment every month until the balance is paid in full.
Who is the owner of Oportun?
Raul Vazquez (Apr 9, 2012–)Oportun / CEO
Is Oportun a payday loan?
Oportun is a lender that markets its personal loans as an alternative to expensive payday loans and title loans. Based in California, Oportun offers both unsecured and secured personal loans, with loan amounts ranging from $300 to $10,000.
Is OppLoans safe?
Yes! OppLoans is legitimate and is not a scam. OppLoans is one of the highest-rated companies in the non-prime consumer lending space. OppLoans has an A+ rating from the Better Business Bureau and is highly rated on Google and LendingTree for our unmatched customer service.
Who is the owner of Oportun?
Raul Vazquez (Apr 9, 2012–)Oportun / CEO
Is credible legit?
Is Credible legit? You can't borrow a student loan from Credible or get lower interest rates by using its platform. But Credible is a legitimate way for student loan borrowers to compare multiple offers — similar to other online lending marketplaces, including NerdWallet's — to get the best deal possible.
How can I log in to my Oportun Credit Card account online?
You can log in to your Oportun® Visa® Credit Card account by going to the login page on the Oportun website or mobile app and entering your use...
How much is the Oportun Credit Card annual fee?
The Oportun Credit Card annual fee is $0 - $49 per year. Oportun Credit Card 's annual fee may be higher or lower than the average annual fee...
How long does it take to get the Oportun Credit Card?
It usually takes 7-10 business days to get the Oportun Credit Card in the mail after approval. Unfortunately, you cannot get your credit card fas...
What's the starting credit limit for the Oportun Credit Card?
The starting credit limit for the Oportun Credit Card is $300. So everyone approved for a new account is guaranteed to get at least $300 in spend...
How can I get an Oportun Credit Card cash advance?
You can get an Oportun Credit Card cash advance at any ATM or bank displaying the Visa logo. But considering the high fees associated with them,...
How do I add Oportun Credit Card authorized users?
You cannot add an Oportun Credit Card authorized user to your account because WebBank does not allow additional members on one Oportun Credit...
How do I contact the Oportun Credit Card reconsideration line?
To contact the Oportun® Visa® Credit Card reconsideration line, call 1 (855) 613-0070 . The Oportun Credit Card reconsideration line is a way...
What are the Oportun Credit Card categories for rewards?
There are no Oportun® Visa® Credit Card categories for bonus rewards. The Oportun Credit Card doesn't even offer rewards on purchases normally,...
How do I check my Oportun Credit Card balance?
To check your Oportun Credit Card balance, log in to your WebBank account online or call credit card customer service at 1-833-676-7886 . The fa...
What is the phone number for Oportun?
If you forgot your PIN or you just need to change it, call Oportun’s customer service line at (855) 613-0070. Once you verify your identity, you can request a new PIN to be sent to you.
How much does an Oportun credit card cost?
The Oportun Credit Card’s annual fee is $0 - $49, with the exact amount depending on an applicant’s credit history, income, debt and other such factors. For comparison, the best credit cards for people with no credit have $0 annual fees, and the average credit card offer has an annual fee of $21.
What is the interest rate on Oportun credit card?
The card has no rewards, and its interest rate is quite high – ranging from 24.9% to 29.9% (V).
How much credit do you need for an Oportun card?
The starting credit limit for the Oportun® Credit Card is $300. So everyone approved for a new account is guaranteed to get at least $300 in spending power. You can, in time, qualify for a higher credit limit. To improve your odds of being granted a higher limit, always pay your bills on time and work on your credit score and income.
How long does it take to get an Oportun card?
It usually takes 7-10 business days to get the Oportun® Credit Card in the mail after approval. Unfortunately, you cannot get your credit card faster because the issuer doesn’t offer expedited shipping. show more…. 1.
Is the Oportun card legit?
The Oportun® Credit Card is a legit card for people with limited credit history who want to build a solid credit score, as it reports account information to the major credit bureaus each month. But how good the Oportun Card is depends on the annual fee an applicant is assigned from the card’s range of $0 - $49. The amount of the annual fee depends on each applicant’s overall creditworthiness.
Does Oportun give rewards?
No rewards. Unlike several credit cards for people with limited credit, the Oportun Card does not reward cardholders for making purchases by giving them points, miles or cash back. This is not a deal-breaker, but if you’re not going to get rewards, it would be better to have a guarantee of no annual fee.
How long is the Oportun loan term?
Oportun’s rates are high, but below the 36% maximum that many financial experts and consumer advocates consider affordable. Terms are between 12 and 51 months, and the lender says it will structure loans and payments to account for a borrower’s income level and payday schedule.
Why do lenders report payments to all three credit bureaus?
Most lenders report payments to all three major credit bureaus. On-time payments can help you build credit so you can potential ly qualify for better rates on future loans and credit cards. If a lender doesn’t report to all bureaus, good credit behavior could go unnoticed.
How many data points does NerdWallet collect?
To review Oportun’s personal loans, NerdWallet collected more than 40 data points from the lender, interviewed company executives and compared the lender with others that seek the same customer or offer a similar personal loan product. Loan terms and fees may vary by state.
What is origination fee?
An origination fee is a one-time, upfront fee that some lenders charge for processing a loan. The fee can range from 1% to 10% of the loan amount, and lenders typically deduct it from your loan proceeds.
What is debt to income ratio?
The debt-to-income ratio divides your total monthly debt payments by your gross monthly income, giving you a percentage. Lenders use DTI — along with credit history and other factors — to evaluate a borrower's financial ability to repay a loan.
What happens if you don't pay your car loan?
Adding a co-signer puts that person on the hook if you can’t pay, and the lender can take your car if you fail to repay a secured loan.
How to check if a lender operates in your area?
Enter your ZIP code into Oportun's website to see whether the lender operates in your area. Then you can start the pre-qualification process online, which will not have an impact on your credit score.
What is the phone number for Oportun?
If you wish to call, the number is 1-866-488-6090. You may also send them a quick email at [email protected]. If you have a credit reporting dispute, submit your case in writing with your full name, your address, account number and detailed reason for your dispute.
How Does Oportun Loans Work?
The process is quite simple and can be distributed into three essential steps: starting your application, submitting your documents and awaiting approval for your loan. The first requires you to fill out an application either in person or online.
How many Oportun stores are there in the US?
With over 245 retail locations all over the United States of America, Oportun has grown thanks to their recognized and reliable work ethic. Their offices offer bilingual customer service (English and Spanish) and have expanded to various states: California, Florida, Illinois, Missouri, Nevada, New Mexico, Texas and Utah.
Why is Oportun important?
Loans are sometimes essential in order to, for instance, pay off an emergency situation. However, many establishments take advantage and charge insane amounts of interest. Thus, Oportun, a financial company built specifically to service those with little or no credit history, was founded in 2005. They use special data analytics to offer affordable ...
When was Oportun founded?
Thus, Oportun, a financial company built specifically to service those with little or no credit history, was founded in 2005.
Is no credit history required for Oportun?
Having no credit history limits many people from receiving loans and other benefits. A good credit score is required and it should be something each person works at through responsible loans. That is why companies like Oportun Loans are valued by many people.
Is there a hidden fee for a prepaid card?
In addition, there are no hidden fees and no changes to the set payment amount. You may also choose to pay more than the regular payment and even pay beforehand. The payment deadline is customized to your receiving dates to make the process easier.
Products & Services
Oportun empowers individuals with limited or no credit history by offering responsible, credit-building loans at affordable rates.
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