This credit card will help you build credit if you have mediocre credit. This card is unsecured, reports to the three main credit bureaus and has a low credit limit.
The website has an application form that you can fill out to apply for the Avant Card. The company will review your financial situation and determine whether you are eligible for the card. The application process is super fast, usually taking 60 seconds or less.
Avant has the advantage of allowing you to log in at any time, whether it is daytime 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.
It also offers 24/7 monitoring for your card so that you know where your money is and what it's being used for. It does not charge foreign transaction charges, so that you can shop and pay for purchases in the currency used by the other country without having to pay additional fees.
Getting approved for an Avant card is easy, too. The company will look at your income and payment history to see if you are eligible for the credit limit you have been offered.
You can increase your credit limit in six months. The card can be linked to your savings or checking account for automatic payments.
Your credit line can be higher when you make timely repayments and don't exhaust your available balance. This extra breathing space will allow you to keep your debt-to-credit ratio low and improve your credit rating.
If you've been using your card for more than six months, or have had it open for longer than one year, you can get a credit boost. These reviews are displayed on your card dashboard and the card's official website.
The Avant card can be approved even if you have a bad credit rating, although it will take longer. The company reviews your account to offer a credit line upgrade that can reach up to $3,000
The only downside to the Avant credit card is that you won't receive sign-up bonuses or welcome offers with this card. The $59 annual charge is still relatively low when compared to other unsecured cards for building credit.
The company also shares account information with the three credit bureaus. It helps you build or repair credit. However, only use it for essential purchases.
The Avant card cannot be used to buy a house or car. A valid ID is required to open an Avant card.
To avoid fees and interest, pay your bills promptly. Also, you shouldn't exceed your credit card limit.