Avant Credit Card Review
Explore the Avant credit card: a versatile choice for cashback and credit building. Discover if it's the right fit for you!
Key features
Annual fee$39
Regular APR35.99%
Details
No Security Deposit Required: Unlike secured cards, the Avant Credit Card doesn't require an upfront deposit.
Credit Reporting: Avant reports to all three major credit bureaus, which helps users build their credit with responsible use.
Online Account Management: Easily manage your account through the Avant mobile app or website.
Annual Fee: Depending on your creditworthiness, you may pay an annual fee of $39, so be sure to check this detail when applying.
APR: The APR is 35.99% đź’ˇPro tip: You can avoid some of the downside of higher APR cards by paying off your balance in full each month.
Pros & cons
No Security Deposit: The lack of a security deposit makes it accessible to many consumers who might otherwise rely on secured credit cards.
Builds Credit: Avant reports to all major credit bureaus, which is essential for users looking to improve their credit score.
Potential for Credit Line Increases: With consistent, responsible use, Avant may increase your credit limit, helping you build a stronger credit profile over time.
Simple Application Process: The application is straightforward, and you can check for prequalification with no impact on your credit score.
Limited Rewards Program: Unlike many cards, the Avant Credit Card doesn't always offer cash back, points, or other rewards.
Annual Fee: Depending on your credit profile, you may have to pay an annual fee, which could be a drawback if you prefer a no-fee card.
Moderate APR: The APR is on the higher side, which could result in higher interest charges if you carry a balance.
Avant Credit Card review: is this the right card for you?
If you're considering the Avant Credit Card, you're likely on the lookout for a credit-building tool that offers flexible approvals without the requirement of perfect credit. The Avant Credit Card could be a great fit, especially if you're working on building or rebuilding your credit score. In this review, we'll break down the pros and cons, share real customer feedback, and highlight key features to help you decide if it's the right card for your financial needs.
What is the Avant Credit Card?
The Avant Credit Card is an unsecured credit card geared toward individuals with fair or average credit scores, typically ranging from 550 to 700. It’s issued by WebBank and designed to provide an accessible option for people who want to improve their credit scores without needing to put down a security deposit, which is common among other credit-building cards. While some versions of the card lack traditional rewards, the Avant Credit Card can be a stepping stone toward better credit and improved financial health (which is a massive reward in itself)!
Testimonials
Here are some real customer testimonials that shed light on the experiences of current Avant Credit Card users:
- I've had my Avant card for almost a year, and it's helped my credit score go up by over 50 points! The app is easy to use, and I like that I didn't need to put down a deposit.K. Smith3/14/23
- Avant helped me rebuild my credit after some tough times. I like that I was pre-approved with just a soft check, but I wish it had rewards like cash back.L. Johnson5/21/23
- The annual fee is a bummer, but for someone with fair credit, it's worth it. I also received a credit limit increase after six months, which was nice!R. Davis8/10/23
These reviews highlight that the Avant Credit Card is a solid option for credit improvement, though some users mention they'd appreciate rewards or a lower annual fee.
Alternatives to the Avant Credit Card
Discover other credit card offers that might be perfect for your financial needs.
You've got questions. We have answers.
Avant is a wholly-owned and operated subsidiary of Avant LLC, Nationwide Multistate Licensing System.
The Avant credit card is issued by WebBank which, in collaboration with Avant, offers a variety of credit and loan products.
Avant credit cards can be a good choice depending on your financial goals. They offer clear terms and can be particularly beneficial for those looking to build or improve their credit. See our review above for some of the benefits and considerations of the Avant card.
The initial credit limit for Avant credit cards varies based on the applicant's creditworthiness, typically ranging from a few hundred to a few thousand dollars.
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