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First Electric Bank Destiny™ Mastercard®

in Personal Credit Cards from First Electronic Bank

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First Electric Bank Destiny™ Mastercard®

Claimed

in Personal Credit Cards from First Electronic Bank

Net Recommendation Score -50

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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1 user recommends
0 users are unsure
3 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

Purchase APR  (Fixed APR) 24.9%
Balance Transfer APR  (Fixed APR) N/A
Credit Score Range 600 - 850
Annual Fee $59 - $99

First Electric Bank Destiny™ Mastercard® Review

First Electric Bank Destiny™ Mastercard® is a credit card issued by First Electronic Bank. If you're wondering whether First Electric Bank Destiny™ Mastercard® is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • High APRs. This is not a great card for people who carry a balance. It has a fixed purchase APR of 24.9%
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
  • Fair or better credit required. You will have good approval odds if your credit score is above 600.
First Electric Bank Destiny™ Mastercard® Pros & Cons
The Good The Bad
  • 24/7 access to your account information, even on mobile
  • Quick pre-qualification available with no impact to your credit score
  • Considers applicants with fair or poor credit.
  • First Electric Bank Destiny™ Mastercard® reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • Charges an annual fee of up to $99.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 1%.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.
First Electric Bank Destiny™ Mastercard® FAQ

Is there a First Electric Bank Destiny™ Mastercard® cash back or rewards program?

No, First Electric Bank Destiny™ Mastercard® does not offer a rewards program.

What are the First Electric Bank Destiny™ Mastercard® benefits?

First Electric Bank Destiny™ Mastercard® provides the following benefits:

  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for First Electric Bank Destiny™ Mastercard®?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. First Electric Bank Destiny™ Mastercard® has higher than average purchase APRs.

First Electric Bank Destiny™ Mastercard® has a fixed purchase APR of 24.9%. It also has a fixed cash advance APR of 29.9% . Note that late payments are subject to an APR of 29.9% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does First Electric Bank Destiny™ Mastercard® have an introductory APR offer on balance transfers?

No, First Electric Bank Destiny™ Mastercard® does not come with an introductory APR offer for balance transfers.

Does First Electric Bank Destiny™ Mastercard® have an introductory APR offer on new purchases?

First Electric Bank Destiny™ Mastercard® does not offer an introductory rate on new purchases.
First Electric Bank Destiny™ Mastercard® Purchase Intro Offer
Description

What are the fees for First Electric Bank Destiny™ Mastercard®?

The following fees apply to First Electric Bank Destiny™ Mastercard®:

  • An overlimit fee of $40.
First Electric Bank Destiny™ Mastercard® Fees
Fees Amount
Annual Fee Starting at $59 up to $99
Overlimit Fee $40
Foreign Transaction Fee 1%
Returned Payment Fee up to $40
Late Payment Fee up to $40

Does First Electric Bank Destiny™ Mastercard® have a foreign transaction fee?

First Electric Bank Destiny™ Mastercard® charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

Does First Electric Bank Destiny™ Mastercard® report your account activity to credit bureaus?

Yes, First Electric Bank Destiny™ Mastercard® reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for First Electric Bank Destiny™ Mastercard®

  • Visit the First Electric Bank Destiny™ Mastercard® website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday Closed

About First Electric Bank Destiny™ Mastercard®

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $5
Minimum Cash Advance Fee ($) $5 - $100
Foreign Currency Transaction Fee 1%
Annual Fee $59 - $99
Minimum Interest Charge $0.50
Over-Limit Fee $40
Returned Payment Fee Up to $40
Late Fee Amount Up to $40
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
Rewards Type No Rewards
Cash Advance APR (Fixed APR) 29.9%
Balance Computation average daily balance (including new purchases)
Credit Limit $300
Penalty APR (Fixed APR) 29.9%
Purchase APR (Fixed APR) 24.9%
Card Type
  • Bad Credit
Card Network Mastercard

First Electric Bank Destiny™ Mastercard® Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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