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.

• 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.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have good approval odds.

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 $59 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.

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.

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	$59
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® 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.