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.
Avant Credit Card: No hidden fees and great credit building tools!
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.
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.
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Significant benefits and disadvantages you may find
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.
- 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;
- 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.
About the author / Aline Barbosa
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