Fortiva® Mastercard Review: Is Fortiva® a Good Credit Card?
Explore the Fortiva Mastercard: A credit-building card that offers cashback rewards. Learn if this card is right for you!
Key features
Annual fee$85 - $175
Regular APR36%
Details
No Security Deposit Required: The Fortiva Mastercard doesn’t require a security deposit, making it cheaper to get started than most secured cards.
Cash Back Rewards: You’ll earn cash back on purchases, a rare perk for a credit-building card.
Credit Reporting: Fortiva reports to all 3 major credit bureaus, which helps cardholders build their credit with responsible use.
Online Account Management: You can easily manage your account through the Fortiva mobile app or website.
Annual Fee: Depending on your creditworthiness, you may pay an annual fee of $85 to $175, so be sure to check this detail when applying.
APR: The APR is 36% 💡Pro 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 this card accessible to many consumers who might otherwise rely on secured credit cards.
Offers Cash Back: This card offers cash back on gas, groceries, utilities, and all other purchases. The ability to earn cash back is rare for a card at this level and can help you offset the card’s fees.
Builds Credit: Fortiva reports payments to all major credit bureaus, which is essential for building your credit score.
Potential for Credit Line Increases: With consistent, responsible use, Fortiva 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.
Online Portal: You can manage your account 24/7 from any device.
Annual Fee: You’ll have to pay an annual fee, which varies based on your creditworthiness. This fee is charged upfront and can reduce the amount of credit you initially have available.
Escalating Free Structure: The total annual fees for this card increase over time.
Moderate APR: This card’s interest rate is above average, which could result in higher interest charges if you carry a balance.
Fortiva Credit Card Review: is this the right card for you?
If you're considering the Fortiva Mastercard, you’re likely looking for a credit-building tool that offers impressive cash back rewards and flexible approvals to people with imperfect credit. This Fortiva credit card could be a good fit if you’re building or rebuilding your credit score and want to avoid paying a security deposit. Continue reading to learn the pros and cons, read real customer feedback, and explore key features to help you decide if it’s the right card for your financial needs.
What is the Fortiva Mastercard?
The Fortiva Mastercard is an unsecured credit card geared toward individuals with poor or fair credit scores, which is typically a score of 669 or lower. This card is issued by the Bank of Missouri and designed to help people build or rebuild their credit without paying a security deposit, which is common for other credit-building cards. At the same time, this card helps you earn cash back in common spending categories at a rate that’s comparable to more premium cards.
Testimonials
- During the holidays the company was there for me and my family, and the staff are always knowledgeable and professional.Ernest, Trustpilot1/12/2023
- They have been good to me so far, and the payment system they have set up is great. It only takes 24 hours or so for the payment to process, not like the other cards, where it takes 7 days to process.Steve, Trustpilot1/11/2023
- Excellent card, and the app is also phenomenal. Payments are processed immediately.David, Trustpilot12/29/2022
Alternatives to the Fortiva® Mastercard
Discover other credit card offers that might be perfect for your financial needs.
You've got questions. We have answers.
The Fortiva credit card is offered by the Bank of Missouri and powered by Mastercard.
Yes, the Fortiva credit card is a legit credit card that can be used anywhere Mastercard is accepted. It reports to all 3 major credit bureaus and offers cash back rewards.
The Fortiva Mastercard is geared toward individuals with fair or average credit scores, typically ranging from 550 to 700.
Yes, the Fortiva credit card charges an upfront annual fee, which can reduce your initial credit limit.
Your card details may be available in the app before your card arrives, which would allow you to use your Fortiva credit card for certain expenses before it arrives in the mail.
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Credit score improvement is not guaranteed. Credit scores are independently determined by credit bureaus, and on-time payment history is only one of many factors that such bureaus consider. Your credit score may be negatively impacted by other financial decisions you make, or by activities or services you engage in with other financial services organizations. Rewards are subject to terms and conditions.