AvantCard from WebBank Credit Card Review
AvantCard from WebBank ā all information about the credit card.
Good Choose for Fair credit
- Rewards Rate:
- This card doesn't offer cash back, miles or points.
- Intro Offer:
- No current offer.
- Annual Fee:$0 - $59 annually
- Purchase Intro APR:None
- Regular APR:29.24% - 35.24% Variable
- Balance Transfer APR:None
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Rate and fee information
- Purchase Intro APR
- None
- Purchase APR
- 29.24% - 35.24% Variable
- Intro Balance Transfer APR
- None
- Balance Transfers APR
- None
- APR for Cash Advances
- 29.24% - 35.24% Variable
- How to Avoid Paying Interest
- Your due date is at least 24 days after the close of each billing period. You will not be charged 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.
Fees
- Annual Fee
- $0 - $59 annually
- Fees for Cash Advances
- The greater of $10 or 3% of the amount of the cash advance
- Late Payment
- Up to $39
Pros & Cons
- No security deposit
- Pre-qualification is available
- Reports to Three Major Credit Bureaus
- Periodic Account Review for potential credit limit increase
- Accepted Worldwide
- Annual fee
- No Card Benefits
- No Signup Offer or Any Rewards
- Permanent and Inflexible 'Payment Due Date
Features
- No foreign transaction fees
- Payment Flexibility
- Fraud Protection
- Free Credit Score
- Purchase Protection
- Fair Credit
- Good Credit
About the issuer
Compare with other cards
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- 2x - 7x:Points on restaurants.
- NonePurchase Intro APR
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- 29.99%Regular APR
- 5%Cash Back on hotels and rental cars booked through Capital One Travel.
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- 19.99% - 29.99%Regular APR
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- 0% Introductory APR for the first 15 months that your account is openPurchase Intro APR
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AvantCard Review: Build Credit without Any Security Deposit
The AvantCard is a good choice for people looking to build their credit history from scratch or rebuild it with responsible payments. Let's look at this card's benefits, perks, and limitations in our comprehensive review.
The AvantCard is a good alternative for people who either have a poor credit history or are new to credit. The AvantCard is a MasterCardĀ® that can help build or improve credit score by gaining credit and paying off responsibly. The ongoing APR for AvantCard varies between 23.99% and 25.99%. There is no foreign transaction fee and penalty APR though you may have to pay a late fee of a maximum of $39.
AvantCard: Pros and Cons
| Pros: | Cons: |
|---|---|
| No security deposit: AvantCard is an unsecured credit card. You don't have to put down any security deposit for approval. | Annual Fee: Depending on your creditworthiness, you might have to pay an annual fee of up to $59. |
| Pre-qualification is available: Pre-qualification is performed with a āsoftā inquiry. It won't affect your credit score. | No Card Benefits: The most significant disadvantage of this card is probably the absence of extra benefits for the cardholders. |
| Reports to Three Major Credit Bureaus: Your credit utilization and payment history will be reported to all major credit bureaus. With responsible card use, you can improve your credit score. | No Signup Offer or Any Rewards: The Card offers no rewards. This means you cannot earn points, cash-back, or miles on your purchases. Furthermore, the card has no signup bonus. |
| Periodic Account Review for potential credit limit increase: Your account will be reviewed periodically to check if youāre eligible for any credit limit increase. | Permanent and Inflexible 'Payment Due Dateā: With the AvantCard Credit Card, you get a fixed payment due date. This means you can't switch this date to a time more convenient for you. |
| Accepted Worldwide: The AvantCard is a broadly accepted MasterCardĀ®; you can use it worldwide. And the best part is that there are no foreign transaction fees. |
Rewards System in a Nutshell
The AvantCard Credit Card is created to help individuals who have a poor or no credit history and offers no rewards.
Who Can Benefit From Getting The AvantCard Credit Card?
AvantCard Credit Card is a good choice for people with problematic credit or no credit history at all. Like some of the unsecured cards on the market, AvantCard prioritizes non-traditional factors that do not include your credit score during the application process. These may consist of your bank balance and other factors. However, you still need to have an email, phone number, permanent address, and social security number to qualify. The regular APR for AvantCard can vary between 23.99% and 25.99%.
While it doesn't require any deposit, this card offers no rewards or extra benefits to the cardholders. The credit limit of up to $1000 provided by AvantCard Credit Card is not the highest. But, it can beat the limit provided by many other unsecured cards for the same target audience.
Are There Any Other Benefits?
Yes, there are several benefits of AvantCard that make it a great option. Here are some of the prominent ones:
- Fast and Easy Application Process
The process of applying for AvantCard is very straightforward. All you need to have is an email, phone number, a permanent address, and social security number to qualify.
- Helps Build a Strong Credit Score with Responsible Use
If you make your credit card payments on time and use your card responsibly, it may result in a credit limit increase over time. A higher credit limit lowers your utilization ratio and positively affects your credit score.
- Zero fraud liability for unauthorized charges
If there are any unauthorized transactions or your account has been used without your permission, you will not be held responsible.
- Conveniently make your Credit Card Payment Online, 24/7
With the Avant Mobile App and online portal, youāll never miss a credit card payment. Simply sign in to your dashboard and make your credit card payment quickly and securely using their intuitive online portal.
- No hidden fees
AvantCard comes with no hidden fees. So, you donāt have to worry about any last-minute surprises.
Conclusion:
Probably, the most significant advantage that AvantCard has over secured credit cards is that it requires no security deposit. And while thereās an annual fee, itās still comparatively low when you consider some of the competitors. What makes it a good option for beginners is that they donāt need an impeccable credit history or a good credit score for approval.
However, If you have a decent credit history (a FICO score of more than 630), several other cards offer rewards and charge no annual fee. You might consider such cards as Upgrade Card and PetalĀ® 1 Ā«No Annual FeeĀ» VisaĀ® Credit Card.
FAQ
What Is The Customer Service Phone Number For AvantCard Credit Card?
How to Check My Application Status for AvantCard Credit Card?
- NoneAnnual Fee
- 19.99% - 29.99%Regular APR
- 10%Cash Back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024.
- NonePurchase Intro APR