This credit card will help you build credit if you have mediocre credit. This card, which is not secured, is reported to three of the major credit bureaus. It does not have a security deposit requirement and it starts off with a very low credit limit.
You can apply for an Avant card by visiting their website and filling out the application form. The company will review your financial situation and determine whether you are eligible for the card. The application takes only 60 seconds.
Avant allows you to access your account at any time of day or night. Your account can be managed through an app on your mobile device or via the web. You may even set up auto-pay for your monthly bills.
Also, it offers 24/7 monitoring of your card to let you know what's happening with your money. The card does not charge any foreign transaction fees. This means you can shop in other countries and use the currency they have without incurring additional costs.
The application process for an Avant credit card is simple. The company considers your income level, past payment records and other factors when determining if you qualify to receive the credit offer.
The minimum starting credit limit is $300, but it's possible to increase it in six months. You can then link the card to your checking or savings account for automatic payments.
If you pay on time and do not spend your balance, then your credit line could be increased. Having this breathing room allows you to improve your score by reducing your debt-to credit ratio.
You may also be eligible for a credit line increase if you haven’t used your card in the last six months or more than a full year. These reviews will be posted on your account dashboard as well as the card's website.
The Avant card can be approved even if you have a bad credit rating, although it will take longer. The company can offer an upgrade to your credit limit of up $3,000 after reviewing your account.
The only disadvantage of the Avant Credit Card is that there are no sign-up bonuses. The $59 fee per year is still low in comparison to other unsecured credit cards.
This company also shares the account data with three credit bureaus. It helps you build or repair credit. However, only use it for essential purchases.
Unlike secured credit cards, you can't use an Avant credit card to purchase a car or home. You will need a valid ID and proof of income to open an Avant credit card.
Paying your bills in full and on time is important with any credit card. This will help you avoid paying interest fees. Also, you shouldn't exceed your credit card limit.