Last updated on March 8th, 2023
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Best Egg Visa® Credit Card
Best Egg Visa® Credit Card
- 18.99% to 28.99% variable based on creditworthiness Regular Purchase APR
- 18.99% to 28.99% variable based on creditworthiness Cash Advance APR
At a Glance
The Best Egg Visa® Credit Card is a fee-free credit builder credit card from fintech lender Marlette Funding LLC (Best Egg’s parent company) and First Bank & Trust – the issuing bank of the Mercury Mastercard and Free Spirit Points Mastercard. The card, currently invite-only, features no annual fee, no foreign transaction fees, and no impact on credit when declined.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- No foreign transaction fees
- No impact to your credit score if declined
- Regular Purchase APR: 18.99% to 28.99% variable based on creditworthiness
- Cash Advance APR: 18.99% to 28.99% variable based on creditworthiness
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
- You regularly make your monthly payments on time but have had a financial hardship
- You don’t want to pay any additional fees on your card
- You have an invitation code for Best Egg
Best Egg Visa® Credit CardTerms & Conditions
Best Egg Credit Card Review
The Best Egg Visa® Credit Card is a credit builder credit card from First Bank and Trust of South Dakota and leading lender Best Egg. The card, which features no annual fee or membership fees, offers the ideal platform to rebuild credit, instant virtual card access, and more.
Build Credit with Responsible Use
The Best Egg Visa® Card differs from many Best Egg offers in that it is geared towards those with financial difficulties in the past that keep them from building a positive credit history. Best Egg loan products typically require a FICO Score of around 640 to qualify, though that score requirement drops for the Visa credit card.
Because the Best Egg Visa® is designed for rebuilding credit, it offers a slew of educational tools and financial resources to help consumers on their credit journey. These features include a dynamic mobile app that allows cardholders to control and track their spending.
Best Egg claims its mobile app offers “limitless controls,” and while that isn’t technically true, it does provide exceptional spending tracking and controls designed to streamline the credit repair process. Other tools at the cardholder’s fingers include:
- The ability to add additional users
- Settings for travel dates and spending limits
- Spending insights
- Access to your free credit score through Best Egg Financial Health
Applying for the Best Egg Card also offers credit-building potential. While successfully applying for the card will result in a hard inquiry (or hard pull) on a credit report, unsuccessful applicants won’t have anything to fear. If declined for the Best Egg Visa credit card, there is no impact on the applicant’s credit score – saving some of the worries when approval is uncertain.
Other Options to Consider
Surge® Platinum Mastercard®
Applied Bank® Unsecured Classic Visa® Card
|The Surge Mastercard® from Celtic Bank can be an ideal pre-qualification option if you need to repair or continue building your less-than-perfect credit score.||The Applied Bank® Unsecured Classic Visa® Card is a credit card designed to help you build your credit score.||Revvi is a full-fledged Visa® credit card that can help you improve your credit score with on-time payments and responsible use.|
|Up to $1,000 credit limit doubles up to $2,000! (Simply make your first 6 monthly minimum payments on time)||A $300 unsecured credit line which can be used at grocery stores, gas stations, discount stores, ATMs and online||Earn 1% cash back rewards^^ on payments made to your Revvi Credit Card|
No Hidden Fees (of Any Kind)
The Best Egg Visa is like many other new fintech credit cards for bad credit scores in that it forgoes fees to attract new applicants. Best Egg’s credit card features no annual fee, no membership fees, no monthly maintenance fees, no origination fees, no foreign transaction fees, and no fees for over-the-limit fees or penalty APR.
Interest rates with the Best Egg Card are also average, with one fixed rate APR for all. That rate, currently around 25% varies with the Prime Rate, is in line with the average credit card APR for an unsecured credit card – and slightly under the national average APR for applicants with fair credit.
Choose Your Card Design
Best Egg also offers new accounts the option of selecting from one of three card designs. While the option of card design isn’t a unique feature to Best Egg, it is always a pleasant perk that lets cardholders pick a card that matches their style.
Access to the Community
New Best Egg Credit Cardholders gain access to the fintech’s Community. The Community is made up of customers to participate in discussions and activities that directly help Best Egg make decisions on what features the company will add to the Best Egg Credit Card. When cardholders participate in the Community, they’ll earn points to turn into gift cards for popular retailers.
Priority Access Required
The Best Egg Visa® Credit Card is currently invite-only, though hopeful applicants might boost their chances of gaining access by joining Best Egg’s Priority List. The Priority List allows Best Egg to gauge interest in the Visa card and offer early access to members.
Other notable features of the Best Egg Visa® Credit Card include:
- Auto-pay discounts
- EMV chip technology
- Mobile wallet compatibility with Apple Pay, Amazon Pay, Google Pay, Samsung Pay, and more.
The card also enjoys basic Visa protections. Visa Platinum offers the credit protections you need, including the following:
|Zero Fraud Liability||Cardholder Inquiry Services||Emergency Card Replacement|
|Roadside Dispatch and Auto Collision Damage Waiver||Lost/Stolen Card Reporting||ID Navigator from Norton|
Should You Apply for the Best Egg Visa® Credit Card?
The Best Egg Visa® Credit Card is currently an invite-only product. Despite this, is the card worth getting if you have an invitation code?
The card is like many other credit builder cards on the market in that it offers fee-free access to credit that many consumers are locked out of from larger banks. That said, the card more than holds its own against the competition, though it falls short against some of the more prominent names.
The Self Visa, for instance, is an exceptional card for building credit. While Self is a secured credit card, it offers the chance to build a positive credit history in double time thanks to its tie-in with the Self Credit Builder Loan, meaning on-time payments are doubly counted on a cardholder’s credit score.
Ultimately, the Best Egg Visa is a solid credit repair credit card for eligible applicants seeking to boost their score – but not wanting an annual fee or hidden fees of any kind. Those with bad credit, or even no credit history at all, should consider a merchandise card, like the Merit Platinum, Freedom Gold, Buy on Trust, or Unique Platinum. These merchandise, or catalog cards, provide an unsecured line of credit that cardholders use to make purchases at select retailers.
With good financial habits, in tie you’ll be able to watch your credit egg hatch and advance on to more lucrative rewards cards from bigger banks. including well-known names such as Citi (the Citi Custom Cash℠ Card, Citi® Double Cash Card – 18 month BT offer), Amex (the EveryDay Card), and Chase (Freedom Flex, Freedom Unlimited).
The information related to Citi Custom Cash Card and Citi Double Cash Card has been collected by BestCards.com and has not been reviewed or provided by the issuer or provider of this product or service.