Mission Lane Visa® Credit Card Review
The Mission Lane Visa® from Transportation Alliance Bank — all information about the credit card.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
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Rate and fee information
- Purchase Intro APR
- None
- Purchase APR
- 26.99% - 29.99% Variable
- Intro Balance Transfer APR
- None
- Balance Transfers APR
- None
- APR for Cash Advances
- 29.99% Variable
- How to Avoid Paying Interest
- Your due date is at least 23 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. You will be charged interest on cash advances on the transaction date or the first day of the billing cycle in which the transaction is posted, whichever is later.
Fees
- Annual Fee
- $0 - $59
- Fees for Cash Advances
- The greater of $10 or 3% of each cash advance
- Late Payment
- Up to $35
Pros & Cons
- Higher credit lines
- Reports to the three major credit bureaus
- Instant credit decision
- High variable purchase APR
- Annual fees up to $59
- No rewards
- Foreign transaction fee
- Not available to everyone
Features
- Payment Flexibility
- Fraud Protection
- Poor Credit
- Fair Credit
About the issuer
Compare with other cards
- $175Annual Fee
- 35.9%Regular APR
- This card doesn't offer cash back, miles or points.
- NonePurchase Intro APR
- *see terms*Annual Fee
- 35.90%Regular APR
- This card doesn't offer cash back, miles or points.
- NonePurchase Intro APR
- NoneAnnual Fee
- NoneRegular APR
- 2x - 7x:Points on restaurants.
- NonePurchase Intro APR
*If you are charged interest, the charge will be no less than $0.50.
Mission Lane Classic Visa® Credit Card Review
Let’s have a look at the pros and cons of the Mission Lane Classic Visa® credit card, which has transparent pricing and no hidden fees. Now, you don’t have to worry about activation fees, security deposits, or over-the-limit fees.
With higher credit lines over time and tools to help build your credit, this card is ideal for people with less than great credit.
Mission Lane Classic Visa®: Pros and Cons
| Pros: | Cons: |
|---|---|
| Higher credit lines: Mission Lane states that you could qualify for a higher credit line if you make your first six payments on time. It mainly depends on your payment history. Once they see that you’re eligible, they’ll bump up your credit limit. | High variable purchase APR: Mission Lane Classic Visa® credit card has a high interest rate of 29.99%*, which might turn you off. This is not a great card for people who’re on a budget. |
| Reports to all three major credit bureaus: Mission Lane reports your credit activity to the three major credit bureaus, which will help you build credit. | Annual fees up to $59: Mission Lane does not offer many benefits or rewards programs but still charges an annual fee of $59. So, you won’t have a chance to offset the cost by earning rewards with your purchases. |
| Instant credit decision: You won’t have to wait for days or weeks to find out if your credit card application is approved. | No rewards: Mission Lane does not offer a signup bonus, cash back, or a chance to earn rewards on purchases. |
| Foreign transaction fee: The Mission Lane Classic Visa® credit card has a foreign transaction fee of 3%. | |
| Not available to everyone: According to Mission Lane, card applications are accepted on a limited basis or by invitation. |
Who Can Benefit From Getting The Mission Lane Classic Visa® Credit Card?
Unfortunately, their annual fees, high variable purchase APR, and no rewards program might make people want to move to the next option in line. The Mission Lane Classic Visa® is not for you if you prefer using one credit for everything and want to earn benefits like cash back, signup bonuses, or other rewards.
Are there any other benefits?
Apart from all the pros mentioned above, there are a few more benefits that this credit card has to offer.
- Zero Liability Fraud Coverage: If your credit card is ever lost or stolen, you will not be responsible for any transactions.
- Free Online Credit Education: Mission Lane offers free online credit education to its cardholders, which includes short videos covering topics like savings, credit, and more.
- Always Stay Up-to-Date With Their Mobile App: Now, you can easily access your account through Mission Lane’s mobile app.
- Accepted Globally: Mission Lane Classic Visa® credit card is accepted internationally, wherever you come across the “Visa®” logo.
- 24/7 Customer Service: Their world-class team is available 24/7 to listen to your queries. You also get online access to your account via a webpage or an app. Read how to register and log into your Mission Lane account.
- Includes Insurance: If you’re searching for a credit card with auto rental insurance, Mission Lane classic visa® is your best bet.
Conclusion
Even though the Mission Lane Classic Visa® credit card reports to all three major credit bureaus and allows people to build credit, it still lacks in many aspects to make it an ideal credit card.
The high variable purchase APR, annual fee, no rewards program, and foreign transaction fees might be the biggest turn-offs. Besides, according to Mission Lane, not everyone can get approved for this credit card.
Since you can find features like rewards, benefits, and an opportunity to build credit in other credit cards, Mission Lane Classic Visa® might not be the best option for you. Consider Petal® 2 “Cash Back, No Fees” Visa® credit card and Discover it® Secured credit card as an alternative with attractive rewards.
FAQ
Does Mission Lane Classic Visa® credit card have an introductory APR offer on balance transfers or new purchases?
Does Mission Lane Classic Visa® credit card offer a cash back or rewards program?
What is the grace period for the Mission Lane Classic Visa® credit card?
What is the customer service phone number for Mission Lane Classic Visa® credit card?
How to apply for Mission Lane Classic Visa® credit card?
- Head over to Mission Lane’s website.
- Fill in the application form, which will typically require general information like number, address, and annual income.
- Submit your application and wait for it to get approved.
How to check my application status for Mission Lane Classic Visa® credit card?
- $395Annual Fee
- 19.99% - 29.99%Regular APR
- 10,000x10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary.
- NonePurchase Intro APR