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." It is invite only right now. $1K isn't a bad limit if you're building/rebuilding but nothing special if you're established.
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.
What's the credit limit for the Oportun Visa credit card?
The Oportun Visa Credit Card offers a decent credit limit for beginners to credit, up to $1,000. As with any credit card, the credit limit you get depends on your creditworthiness. You may also be able to get a higher credit limit over time.
How much is the security deposit for the Oportun Visa credit card?
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. Being able to dodge the annual fee would make it easier to keep the Oportun Visa Credit Card open for a long time.
How do I log in to my Oportun Visa credit card account?
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 username and password in the appropriate fields. Then, click “Log in” to access your online account. Go to the Oportun Credit Card login page. Fill out the “Email” and “Password” fields with your credentials.
Is Oportun a real loan company?
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 Oportun a secured credit card?
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 is an Oportun card?
The Oportun® Visa® Credit Card: Offers unsecured starting credit lines up to $1,000. Is available to financially responsible and hardworking people typically denied the opportunity, including those without a credit score, social security number, or U.S. ID.
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 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.
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.
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.
Can I use my Oportun credit card at ATM?
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, you should avoid doing cash advances altogether. Try paying with your card wherever you can and leave cash advances for emergency situations only.
Does Oportun Visa have an app?
At Oportun we offer loans with affordable and fixed payments. Once you get a loan, you can add these payments as a fixed expense in your app and easily track what you have paid. At the end of the month, analyze the results and make decisions that help you achieve your financial goals.
How big of a loan can I get with no credit?
Just keep in mind that if you are approved for the loan with a lower (or no) credit score, you may be subject to a higher interest rate. You can apply for loan amounts as low as $1,000 and as much as $50,000.
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.
Can I get a loan with no job?
It's possible to qualify for a loan when you're unemployed, but you'll need solid credit and some other source of income. Whether you are unemployed unexpectedly or by choice (in the case of retirement), lenders will consider extending you a loan as long as you can persuade them you can make regular payments on time.
How much cash advance can I get from an 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.
What is a verve Mastercard?
The Verve Mastercard® is an unsecured credit card with an initial credit limit of $300–$1,000. Although it's designed for people who want to build credit, it doesn't require a security deposit as many similar cards do. It also doesn't charge monthly fees or program fees, but it does have an expensive annual fee of $99.
What is Oportun?
Oportun: Loan company with affordable loan & credit services. Loans. Personal loans. Loan calculator: Explore payments and rates.
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 does a credit card help your credit score?
The card can also help users improve their credit score, by reporting account information to the major credit bureaus each month. If that information reflects on-time bill payments and low credit utilization, your credit score should go up over time.
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.
How much is a finance charge?
If you are assessed a finance charge, it will be no less than $1.00
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 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.
Is Oportun a payday loan?
Oportun's personal loans offer an accessible alternative to payday and high-interest loans, but rates are high.
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.
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 ...
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.
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.