Credit Cards

Avant Credit Card review

Avant is a newer player in the credit card game, but it offers some enticing features. Find out if this card is right for you in our comprehensive review.

Advertisement

Avant Credit Card: No hidden fees and great credit building tools!

avant credit card
This is the Avant credit card. Source: The Post New.

In this Avant Credit Card review, you’ll learn why this card has been featured in so many lists as one of the top credit building products in the market.

avant credit card

How to apply for the Avant credit card?

This post will tell you everything you need to know about the applciation process to get the Avant credit card. It has no fees and you can apply even with fair credit.

With a modest annual fee and no hidden fees, responsible use of your Avant card can really help you increase your credit score.

Applicants with a fair credit score are welcome to try for pre-qualification without harming their current rating.

This card does not require a security deposit and reports all of your account activity to the three main credit bureaus in the country. See its main features below. 

  • Credit Score: You can try for pre-qualification even with a fair score.
  • APR: The APR is a bit on the high end, with a 28.24% variable.
  • Annual Fee: You’ll only have to pay $39 annually to own this card.
  • Fees: There’s a 3% cash advance fee and a $39 max late fee.
  • Welcome bonus: There are no current offers.
  • Rewards: This is a card that focuses more on credit building, so there are none.

So if you’re looking for a way to improve your credit score, the Avant Credit Card could be the perfect solution. The card comes with a number of features that can help you build or repair your credit history.

Keep reading this Avant Credit Card review to learn more about the card and how it can work for you.

Avant Credit Card: how does it work?

Issued by WebBank, Member FDIC, the Avant Credit Card is an unsecured card. That means that unlike a secured card, which requires a deposit, the Avant doesn’t require any money up front.

You’ll get an initial spending limit of $300 and good use might get you a limit increase since the company reviews your account periodically.

There’s an annual fee of $39, which is below what most subprime unsecured cards charge new cardholders. There are no activation or monthly fees with this card either.

Curiously, the Avant card also doesn’t charge any foreign transaction fees. Therefore, you can make international purchases or take the card abroad on your travels.

This card has a 28.24% variable APR, so carrying a balance from month to month is ill-advised. Using the card responsibly and making on-time payments will help you boost your score over time.

Avant reports all account activities to the three major credit bureaus in the country.

Significant benefits and disadvantages you may find

avant credit card
Use your card everywhere and pay on time to build your credit score. Source: The Post New.

Like with any other type of credit card, there are pros and cons to this one. Next, in this Avant Credit Card review, we’ll take a closer look at the benefits and drawbacks.

Keep reading to evaluate and see if it meets your financial needs.

Benefits

  • The online pre-qualification process causes no harm to your score;
  • You can qualify for this card even with a fair credit score;
  • The Avant Card doesn’t require a security deposit;
  • There are no hidden fees to the Avant Card;
  • WebBank reports your payment activities to the three credit bureaus;

Disadvantages

  • The variable APR is on the high-side. So carrying a balance from month to month is not ideal.
  • There are no welcome bonuses or rewards on purchases made with the Avant card.
  • The Avant card charges an annual fee.

Is a good credit score required for applicants?

Not at all. Like all other cards in its segment, the Avant Credit Card is a solid tool to help people improve their credit scores. Besides, you can try for pre-qualification before applying for it.

That way you’ll know if the card is available to you without affecting your current rating. 

Learn how to apply and get a Avant Credit Card

If reading this Avant Credit Card review got you interested in applying for it, we can help. Follow the link below for more details on how you can easily get your Avant.

We’ll give a proper walkthrough of the online process and more.

avant credit card

How to apply for the Avant credit card?

This post will tell you everything you need to know about the applciation process to get the Avant credit card. It has no fees and you can apply even with fair credit.

About the author  /  Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

Trending Topics

content

Coinbase Card review: a simple way to accumulate crypto

In this Coinbase Card review you will see how this card allows you to accumulate crypto at virtually no risk.

Keep Reading
content

What does Open Banking means?

Open banking is here to change the way we deal with money management and banking services. Is it good? Keep reading to find out.

Keep Reading
content

Bank of America® Customized Cash Rewards Secured review

Get approved easily and pay no annual fee! Check out this Bank of America® Customized Cash Rewards Secured review and learn more.

Keep Reading

You may also like

content

Capital One Bank review

This Capital One Bank review will show you how this bank works and highlight some pros and cons of using its services.

Keep Reading
content

PenFed Gold Visa® credit card review: One of the lowest purchase APRs in the market

Would you like to enjoy one of the lowest purchase APR in the market? If you do, read this PenFed Gold Visa® review!

Keep Reading
content

How to join and start banking with Aspiration Bank?

In this Aspiration Bank application guide, you will learn how to join it easily and stay environmentally friendly while earning cash back.

Keep Reading