The Avant Card is a type of credit card designed for individuals with less-than-perfect credit scores. It is issued by Avant, a financial services company that provides access to credit products for people who may not qualify for traditional credit cards. The Avant Card is a Mastercard credit card that can be used for everyday purchases, such as gas, groceries, and dining out.
Features and Benefits of the Avant Card
The Avant Card offers several features and benefits that make it an attractive option for individuals with poor credit. Some of the key features include:
- No security deposit required: Unlike secured credit cards, the Avant Card does not require a security deposit to open an account.
- Credit limit: The credit limit for the Avant Card ranges from 300 to 1,000, depending on the applicant’s creditworthiness.
- Interest rate: The interest rate for the Avant Card is relatively high, with an APR of 24.99% - 29.99% (Variable).
- Fees: The Avant Card has several fees, including a late payment fee of up to 25, a returned payment fee of up to 25, and a foreign transaction fee of 3% of the transaction amount.
- Reporting to credit bureaus: The Avant Card reports to all three major credit bureaus, which can help individuals build credit over time.
Avant Card Application and Approval Process
To apply for the Avant Card, individuals can visit the Avant website and fill out an online application. The application process typically takes a few minutes, and applicants will need to provide personal and financial information, such as their name, address, income, and employment status. Avant will then review the application and make a decision based on the applicant’s creditworthiness.
| Avant Card Fees | Amount |
|---|---|
| Annual Fee | $0 - $49 |
| Late Payment Fee | Up to $25 |
| Returned Payment Fee | Up to $25 |
| Foreign Transaction Fee | 3% of the transaction amount |
Key Points
- The Avant Card is a credit card designed for individuals with less-than-perfect credit scores.
- The card has a credit limit of $300 to $1,000 and an APR of 24.99% - 29.99% (Variable).
- The Avant Card has several fees, including a late payment fee and a foreign transaction fee.
- The card reports to all three major credit bureaus, which can help individuals build credit over time.
- Applicants can apply for the Avant Card online and will need to provide personal and financial information.
Building Credit with the Avant Card
Building credit with the Avant Card requires responsible credit behavior, such as making on-time payments and keeping credit utilization low. It’s essential to make payments on time, as late payments can negatively affect credit scores. Additionally, keeping credit utilization below 30% can help improve credit scores over time.
Avant Card Customer Service
Avant offers customer service to cardholders through phone, email, and online chat. Cardholders can contact customer service to ask questions, report lost or stolen cards, or dispute charges. Avant also has a mobile app that allows cardholders to manage their accounts, make payments, and track their credit scores.
What is the Avant Card credit limit?
+The Avant Card credit limit ranges from $300 to $1,000, depending on the applicant's creditworthiness.
How do I apply for the Avant Card?
+To apply for the Avant Card, visit the Avant website and fill out an online application. You will need to provide personal and financial information, such as your name, address, income, and employment status.
Does the Avant Card report to credit bureaus?
+Yes, the Avant Card reports to all three major credit bureaus, which can help individuals build credit over time.
In conclusion, the Avant Card is a credit card designed for individuals with less-than-perfect credit scores. While it has several fees and a high interest rate, it can be a good option for those looking to rebuild their credit score. By making responsible credit decisions and using the card wisely, individuals can improve their credit scores over time and qualify for better credit products in the future.
