Revvi Card Review: Credit Limit, Benefits

Revvi Card from MRV Banks ā€” all information about the credit card.

By Hanna Volkava
Updated May 26, 2023
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Revvi Card MRV Banks
Apply now
On the Revvi secure website
Our Rating:
4.1 out of 5
scorer
Recommended credit score
Rebuilding Credit to Fair (0-669)
  • Rewards Rate:
    • 1% Cash Back rewards^^ on payments made to your Revvi Credit Card.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $75 for the first year
    $48 after *
  • Purchase Intro APR:
    None
  • Regular APR:
    35.99% *
  • Balance Transfer APR:
    None
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All benefits

  • Cash back
    • 1% On payments made to your Revvi Credit Card.

Rate and fee information

  • Purchase Intro APR
    • None
  • Purchase APR
    • 35.99% *
  • Intro Balance Transfer APR
    • None
  • Balance Transfers APR
    • None
  • APR for Cash Advances
    • 35.99% *
  • How to Avoid Paying Interest
    • Your due date is at least 21 days after the close of each billing cycle. You will not be charged any interest on purchases if you pay your entire balance by the due date each month.

Fees

  • Annual Fee
    • $75 for the first year
      $48 after *
  • Fees for Cash Advances
    • None for first year (introductory). After that, either $10.00 or 3% of the amount of each cash advance, whichever is greater
  • Return Payment
    • Up to $41
  • Late Payment
    • Up to $41
View all Rates & Fees

Pros & Cons

Pros:
  • Cash Back
Cons:
  • Annual Fee
  • Extra Fees

Features

Classic
Visa
  • Cashback
  • Rewards
  • Free Credit Score
  • Poor Credit
  • Fair Credit

About the issuer

MRV Banks has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your
Credit card issuer's website
Call to Customer Service

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Revvi Card Review

The Revvi cardā€™s main selling point is that it gives people with bad or no credit an opportunity to build one without placing a security deposit. In the long run, disciplined users of the Revvi card can rebuild and improve credit score which helps qualify for better credit card offers.

The reason why many people try to avoid credit cards designed to build credit is their harsh terms ā€” complex and hefty fees, high interest rates, and stiff penalties. Honestly, this credit card has the same problem: little perks, on top of multiple fees and a high APR.

Revvi card reports to all major credit bureaus and can help you go from no credit to good credit quickly enough, however itā€™s still necessary to compare the advantages of this credit card and the cost of use.

Revvi Card pros and cons

Pros: Cons:
1% Cash Back. The Card offers 1% cash back rewards^^ on payments made to your Revvi Credit Card. Requirements for cash back redemption. You are able to redeem your cash back as a statement credit only after at least 6 months from account opening (assuming your account is in good standing).
Chance to get a higher credit limit. Cardholders may increase their credit limit after 12 billing cycles (1 year) of credit card use. Extremely High Regular APR. Revvi has an extremely high APR even for bad credit: 35.99%.
All credit scores are welcome to apply. People with limited or no credit history, as well as those with bad credit have a high chance to get approved for Revvi. High and complex fees. The Revvi card comes with various fees, including an annual fee of $75 (for the first year and $48 afterward) and one-time program fee of $89. You also pay $8.25 every month as a maintenance fee from the second year going forward.
Reports to three bureaus. Revvi Card reports to all three major credit bureaus ā€” Equifax, Experian, and TransUnion. Low credit limit. Revvi's initial credit limit is $300, which is pretty low, but typical for this type of card.
No deposit required. Revvi card is unsecured, and it gives you an opportunity to build credit without a security deposit.

Revvi Card: rewards system in a nutshell

Revviā€™s rewards system may give its holders unexpected surprises, so here is what you should know about it.

The Revvi Card offers 1% cash back rewards^^ on payments made to your Revvi Credit Card. It means youā€™ll get rewards not by making purchases, but for paying off your Revvi card balance.

The points (1 point for each dollar) start accumulating right after you activate (open) your Revvi account. However, youā€™ll be able to redeem your points only after 6 months from account opening (the account also must be in good standing).

The points value is fixed: 100 points = $1. The only way to redeem points is a $5 statement credit, which means you can redeem only amounts multiple of 5: $5, $10, $15, etc. The problem here is that itā€™s hard enough to get these amounts of points, considering the low initial limit: just $300. Assuming that each month you use your limit to the full and then pay it off, itā€™ll take almost 2 months to earn $5 cash back.

The positive side is that the accrued points do not expire as long as your account stays open.

Who can benefit from getting the Revvi Card?

People who have little or no credit history may benefit from Revvi. It gives you a chance to build credit, on top of getting 1% cash back.

People who have bad credit but want to start over may also benefit from getting this credit card. It reports to all three major credit bureaus and doesnā€™t require a cash deposit, which some people might not be able to afford.

The ones who canā€™t benefit from this card are frequent travelers, as itā€™s prohibited to use Revvi outside the United States or to make payments in a foreign currency.

Are there any other benefits of the Revvi Card?

This card comes with a few additional benefits (common for all Visa cards), such as:

  • $0 fraud liability. Youā€™ll not be held responsible for any unauthorized charges on your Revvi card.
  • Free monthly credit score. You may monitor your credit score for free using TransUnionĀ® reports.
  • Online account management. You can check due dates, view statements, and make payments in your browser after logging in to MyCCPay.com or using Revvi mobile app for Android and iOS (though the appā€™s rating is relatively poor: 2.8 for iOS and 3.5 for Android).

Conclusion

Revvi is geared toward people with bad credit or those with little or no credit history. In spite that it has 1% cash back, its annual fee and interest rate are much higher than the average. Plus, it charges a monthly maintenance fee from the second year onward, something that many cards for credit-builders donā€™t. Unless you donā€™t qualify for other credit card offers, this card is not the best choice for you.

FAQ

What is the customer service phone number for the Revvi Card?

You can get in touch with the Revvi card customer service at 1-800-755-9203.

How to check my application status for the Card?

To check your application status for the Revvi card you may call 1-800-845-4804.

Is Revvi a good card?

To put it in a nutshell, it is an expensive credit card for people who want to build or rebuild their credit. Even considering the 1% cash back, there are still better offers on the market.

Is Revvi available in all states?

According to the Terms and Conditions Revvi is not available for New York residents.

The Revvi Card is an option for those, who need Classic features. With an APR of 35.99% and $75 annual fee this credit card can easily cover your simple everyday demands. For high approval odds you need to have Rebuilding Credit to Fair (0-669) credit score. With Revvi you will get such features as Cashback, Rewards, Free Credit Score, etc. To make sure about either this credit card is good for you or not compare it with other cards with similar features.

*See rates, fees, costs and limitations for additional details.

^^See Revvi Rewards Program Terms & Conditions for details.

Hanna VolkavaHanna Volkava

Financial and product expert

hv@myfin.us
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