If you're a consumer with mediocre credit and looking for a credit card to help build your credit, the Avant credit card is a great option. This card, which is not secured, is reported to three of the major credit bureaus. It does not have a security deposit requirement and it starts off with a very low credit limit.
Visit their website and complete the application form. The company will review your financial situation and determine whether you are eligible for the card. The application is quick, taking about 60 seconds.
Avant has the advantage of allowing you to log in at any time, whether it is daytime or night. You can use a mobile app, a web platform or even autopay to manage your account.
This card offers you 24/7 monitoring so that your money can be tracked and used to your satisfaction. The card does not charge any foreign transaction fees. This means you can shop in other countries and use the currency they have without incurring additional costs.
It's easy to get approved for an Avant Card. The company considers your income level, past payment records and other factors when determining if you qualify to receive the credit offer.
The minimum starting credit limit is $300, but it's possible to increase it in six months. The card will then be linked to either your checking or saving account so that automatic payments can be made.
Your credit line might be higher if your payments are timely and you don't use all the available funds. Using this extra breathing room will help you keep your debt to credit ratio lower and improve your credit score.
You can also receive a credit limit boost if your account has been open for over a year or you have not used the card in six months. These reviews can be found on both the card's site and your account dashboard.
Even with a low credit score it is possible to get an Avant card, but the process may take longer. The company will review your account and offer a credit limit upgrade, which can be up to $3,000.
The only negative aspect of the Avant credit card, is that it does not offer any sign-up bonus or welcome offers. The $59 fee per year is still low in comparison to other unsecured credit cards.
The company also shares account information with the three credit bureaus. You can use this card to repair or build your credit. But you should only make essential purchases.
The Avant card cannot be used to buy a house or car. A valid ID is required to open an Avant card.
Paying your bills in full and on time is important with any credit card. This will help you avoid paying interest fees. Also, you shouldn't exceed your credit card limit.