Destiny Credit Card

flavia rozinholli
February 20, 2025

Looking for a secure, practical payment method with reduced bureaucracy? Then the Destiny credit card is the perfect option! With it, you can make national and international purchases with ease, while enjoying great benefits.

With simple approval and no need for a security deposit, the Destiny credit card can be a very interesting alternative for those looking to avoid the difficulties involved in applying for traditional cards.

Continue reading to learn all about the benefits this card offers, the fees involved, and how to apply for yours quickly today!

Meet the Issuer

The Destiny credit card is issued by First Electronic Bank, a financial institution with over 20 years of experience in the market. The bank stands out for its transparency and reliability in its financial products.

As a member of the FDIC, it guarantees protection for customer funds, providing an extra layer of security.

First Electronic Bank offers credit products that meet a wide range of needs, focusing on financial inclusion. Its mission is to help consumers improve their credit in a safe and accessible way.

In addition to its credit solutions, the bank offers online management tools, allowing customers to monitor and adjust their finances in a practical and efficient manner.

Main Benefits of the Card

Easy Approval for All Credit Types: The Destiny credit card offers simplified approval, even for those with less-than-perfect credit. This benefit allows people with limited or poor credit to have a chance at approval, offering an opportunity to rebuild their credit.

Credit Building: Using the Destiny credit card responsibly can help improve your credit, as the bank reports your activities to the three major credit bureaus. Over time, this can lead to a higher credit limit and better rates on other financial products.

No Security Deposit: Unlike many credit cards for those starting or rebuilding credit, the Destiny credit card doesn’t require a security deposit. This makes it easier to join the program without a high upfront payment.

Online Management Tools: The card offers an online platform where users can track their spending, make payments, and adjust their financial behavior. Available 24/7, the tool helps keep track of your balance and avoid surprises at the end of the month.

Fraud Protection: The Destiny credit card offers protection against fraudulent charges, allowing users to dispute unauthorized transactions. This gives more security for online and in-store purchases, minimizing the risk of losses.

Credit Reporting to All Three Bureaus: The Destiny credit card reports regular activity to the three major credit bureaus (Experian, TransUnion, and Equifax), helping improve your credit history as long as the card balance is paid consistently.

Access to Exclusive Offers: In some cases, Destiny credit card holders get access to exclusive offers, such as discounts or promotions from partners. While not a universal benefit, these offers can make the card even more valuable to the consumer.

Destiny: Fees and Commissions

The Destiny credit card has an annual fee of $175 for the first year, which drops to $49 in subsequent years. The card’s APR is 35.9%, which can make carrying a balance more expensive if not paid in full.

Note: Fees and charges are subject to change without prior notice, so it’s important to check the latest information directly with First Electronic Bank.

Card limit

The initial credit limit for the Destiny credit card can be up to $700, but after paying the $175 annual fee, the available limit for purchases is reduced to about $525.

This initial limit offers a good opportunity for those looking to build or improve their credit.

Positive points

Accessible Approval:
The application process is simple and accessible for those looking to rebuild their credit.
No Security Deposit:
No upfront deposit required, making it easier to access credit.
Management Tools:
The card offers online tools to help control spending and make payments.

Negative points

High Fees:
The $175 annual fee in the first year and the 35.9% APR are relatively high.
Low Initial Credit Limit:
The credit limit is reduced after the annual fee payment.
No Rewards Program:
The card does not offer extra benefits like points or rewards programs.