Destiny® Mastercard® With 3% Cashback Rewards – $700 Credit Limit
The Destiny® Mastercard® with Cashback Rewards is an unsecured credit card for consumers with less-than-perfect credit that offers 3% cash back on the first $5,000 in eligible gas, grocery, restaurant, and mobile phone service purchases. If approved, the card provides a $700 credit limit and requires no security deposit. Other eligible purchases earn 1% cash back. The card is currently listed for fair credit, so it may be an option to investigate if your credit has improved beyond the poorest credit ranges, but its fees are an important consideration.
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What Is the Destiny Cashback Rewards Mastercard?
The Destiny Cashback Rewards Mastercard is an unsecured credit card designed for consumers with less-than-perfect credit. Because it is unsecured, you do not have to make a cash security deposit to receive the card if you are approved.
The card combines credit-building features with cash back rewards. It offers 3% cash back on the first $5,000 in eligible purchases in four categories: gas, groceries, restaurants, and mobile phone services. Other eligible net purchases earn 1% cash back.
How Much Cash Back Does Destiny Offer on Gas?
Destiny offers 3% cash back on eligible gas purchases up to the first $5,000 in qualifying purchases each calendar year. The same 3% rate applies to eligible grocery, restaurant, and mobile phone service purchases within the applicable $5,000 limit.
After the applicable $5,000 threshold is reached, eligible purchases earn the card's 1% base cash-back rate. Whether a purchase qualifies for a particular rewards category can depend on the merchant's category code, so not every purchase that looks like gas, grocery, or another bonus-category purchase will necessarily qualify.
What Is the Destiny Mastercard Credit Limit?
The Destiny Cashback Rewards Mastercard provides a $700 credit limit if approved. No security deposit is required to establish that credit line.
The $700 figure is the credit limit, not $700 of cash available in a bank account. Fees charged to the account can reduce the amount of available credit you actually have available to spend.
Does Destiny Require a Security Deposit?
No. Destiny is an unsecured Mastercard, so you do not have to provide a refundable security deposit when you open the account.
This can be useful for someone who wants an unsecured credit card but does not have enough available cash to put toward a secured card's deposit. The tradeoff is that unsecured cards for less-than-perfect credit can have higher fees than mainstream credit cards.
What Credit Score Is Recommended for Destiny?
The Destiny Cashback Rewards Mastercard is currently listed for fair credit. That does not mean a particular credit score guarantees approval. The issuer considers the information in your application and credit profile when making its decision.
If your credit is closer to fair than poor, Destiny may be one of the unsecured rewards cards worth investigating. If you have significantly weaker credit, you may want to compare it with cards specifically marketed toward poor or bad credit.
Can I Prequalify for the Destiny Mastercard?
Yes. Destiny provides a way to check potential eligibility before completing a full application. The prequalification process does not require a hard inquiry, allowing you to see whether you may receive an offer without the initial check affecting your credit score.
Prequalification is not a guarantee of final approval. If you proceed with an application after receiving an offer, review the current disclosures carefully to understand when a hard inquiry may occur.
➤ See if you pre-qualify for the Destiny® Mastercard® with Cashback Rewards
What Are the Destiny Mastercard Fees?
The Destiny Cashback Rewards Mastercard has an annual fee of $175 for the first year and $49 thereafter. The account also has a $0 monthly fee during the first year and a $12.50 monthly fee after the first year, according to the current offer information.
That means the recurring monthly fees after the first year add up to $150 annually. Combined with the $49 annual fee, the listed recurring fees total $199 per year after the first year.
The annual fee is charged to the account and can reduce your available credit. With a $700 credit limit, this is an important consideration when determining how much credit you will actually have available after account fees.
Does Destiny Help Build Credit?
The Destiny Mastercard reports account activity to the three major credit bureaus. Using the account responsibly and making payments on time can help establish a positive payment history.
The card should not be viewed simply as a way to earn rewards. For someone rebuilding credit, the more important long-term benefit can be establishing responsible revolving-credit history while keeping balances manageable and payments on time.
Who Is the Destiny Cashback Rewards Mastercard For?
The Destiny Cashback Rewards Mastercard may be worth considering for someone with fair or less-than-perfect credit who wants an unsecured credit card and does not want to make a security deposit. Its gas and other bonus-category rewards may also appeal to people who regularly spend in those categories.
The fees are significant, however, particularly when compared with cards that have no annual fee. Before applying, consider both the rewards you realistically expect to earn and the total cost of maintaining the account.
Destiny Mastercard Cashback Rewards Summary
The Destiny Cashback Rewards Mastercard is an unsecured $700 credit card for approved applicants that requires no security deposit and offers 3% cash back on the first $5,000 in eligible gas, grocery, restaurant, and mobile phone service purchases. Other eligible purchases earn 1% cash back. The card is currently listed for fair credit and provides a prequalification process before a full application.
The main drawback to consider is the fee structure: the annual fee is $175 the first year and $49 thereafter, while a $12.50 monthly fee applies after the first year. Review the current offer terms carefully before deciding whether the rewards and credit-building opportunity justify the cost.
➤ See if you pre-qualify for the Destiny® Mastercard® with Cashback Rewards
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FICO® Credit Scores
A FICO® Score is a proprietary credit score created by the Fair Isaac Corporation (FICO). About 90% of top U.S. lenders use it to make lending decisions.
FICO® Score Ranges:
- Exceptional: 800–850
- Very Good: 740–799
- Good: 670–739
- Fair: 580–669
- Poor: 300–579
FICO categorizes scores as Poor, Fair, Good, Very Good, and Exceptional.
What is a Credit Score?
A credit score is a three-digit number (300–850) predicting your creditworthiness. Lenders use it to evaluate risk and determine rates and terms for credit.
Why it matters: A higher score can help you qualify for loans and lower interest rates. A lower score can lead to higher borrowing costs or application denials.
FICO® Credit Score Facts
- Three-Digit Number: Summarizes your credit risk.
- Range: 300–850; higher scores = lower risk.
- Data Source: Uses your credit reports from Experian, Equifax, and TransUnion.
- Industry Standard: Lenders rely on FICO for mortgages, auto loans, and credit cards.
Note: Credit scores reflect your creditworthiness but do not guarantee approval for any credit product.
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