Bad Credit

Review Of Credit Cards Before Ascension


Best benefits

This card has a few advantages that set it apart from other credit cards.

An unsecured card with no deposit required

One of the most attractive features of the Avant credit card is that it is an unsecured credit card. This means that you don’t need to make a cash deposit to open an Avant credit card account if you are approved.

In contrast, many bad credit or no credit cards are secured credit cards. Secure cards require a deposit to open and maintain the account. This deposit is refundable if you close your account with a balance of $ 0 and no outstanding fees.

Although the deposit is refundable, most secured cards require a minimum deposit amount that is more than the annual Avant credit card fee. So the Avant credit card is likely to require less money to open.

Check online if you are prequalified

It might seem counterintuitive, but applying for a new credit card can hurt your credit. This is because the credit card issuer will perform a rigorous credit check. This is a comprehensive review of your credit report and scores. Every credit request is marked on your credit report and can lower your credit score. The more difficult inquiries you have, the more credit damage it can cause.

The Avant credit card allows you to verify prequalification before completing a full application. Prequalification uses a flexible credit check instead of a firm check. Soft credit checks do not pull your full credit report and do not hurt your credit score. If you prequalify for an Avant credit card, there’s a good chance you’ll be approved if you apply. However, this is not guaranteed.

No foreign transaction fees

One of the most unusual features of the Avant credit card is that it does not charge any foreign transaction fees. This is rare for credit cards, especially unsecured ones.

Basically, overseas transaction fees are charged by credit card issuers every time you use your credit card to make a purchase in a foreign currency. So anything you buy that is not in US dollars. Transactions that go through a foreign bank might also be charged foreign transaction fees.

Since overseas transaction fees can vary between 3% and 5%, they can quickly get expensive. The 0% Avant credit card fee could save you a lot of money if you are traveling internationally or shopping online from a foreign retailer.

What could be improved

This card has very limited characteristics that make it rare.

No rewards on purchases or welcome offers

A major downside to the Avant credit card is that you cannot earn shopping rewards like cash back or reward points. This is a big oversight, as many other credit cards earn rewards. You can even find some great secure cards that allow you to earn rewards while building up credit.

In addition to the lack of rewards, there is also no signup bonus. Many rewards cards will offer a lump sum cash back or points for spending a certain amount on your card, but the Avant credit card will not.

Additionally, you will not receive any type of introductory APR offer. This means that you can only avoid interest charges on your Before credit card by paying your full balance before the due date in each bill cycle.

Annual subscription

The annual fee system for the Avant credit card can be very confusing because you won’t know your annual fee until you receive an offer. If you are well qualified, you may have an annual fee of $ 0.

However, some people may be approved for an Avant credit card but must pay an annual fee of up to $ 59. Approved applicants who are required to pay an annual fee will be billed for this fee as soon as they open their account.

Credit limits range from $ 300 to $ 1,000

As with the annual fee, the credit limit you receive if you are approved for an Avant credit card can vary widely. The minimum credit limit you will receive is $ 300. The maximum credit limit you could be approved for would be $ 1,000.

Either way, it’s a low limit. You will need to be careful about how much you charge with your card. Using too much of your available credit can hurt your credit score. The percentage of your credit limit that you use is called your usage rate. If this rate exceeds 30%, your credit score could suffer a significant drop.