Destiny Mastercard®. Credit Limit Increase?
For many working to build or repair their credit, a credit limit increase is a goal that can significantly help with credit utilization. However, if you have a Destiny Mastercard®, the process is not as straightforward as with other credit cards. The card's issuer, The Bank of Missouri, has a specific policy for credit limit reviews that cardholders must understand. Read more: The Destiny Mastercard®: Your essential guide to rebuilding credit.
Starting with a low limit
The Destiny Mastercard® has a low starting credit limit of $700. This is a common practice for cards intended for consumers with bad credit, as it helps limit the bank's risk.
However, the first year's $175 annual fee is subtracted from this amount before you even make a purchase. This leaves you with only $525 in initial spending power, which can be a difficult hurdle to manage when trying to keep your credit utilization low.
No user-requested credit limit increases
Unlike many other credit cards, you cannot request a credit limit increase for the Destiny Mastercard®. This is a policy established by The Bank of Missouri and Concora Credit, the card's servicer.
For cards that do offer this feature, users can call the bank or make a request online. This is not an option with the Destiny Mastercard®. If you try to call customer service, they will inform you that credit limit increases are not an option on a per-request basis.
How to trigger an automatic review
Your only path to a higher credit limit with the Destiny Mastercard® is through an automatic account review performed by the issuer. The issuer will periodically assess your account's performance to decide whether to grant an increase. To maximize your chances, you should consistently demonstrate responsible financial behavior:
- Pay on time, every time: A perfect payment history is the most crucial factor in triggering a favorable review. Missing a payment can instantly disqualify you from a credit limit increase and damage your credit score.
- Keep your credit utilization low: Aim to keep your spending below 10% of your total credit limit. A high utilization ratio, especially near the $700 limit, signals financial stress to the issuer.
- Use your card responsibly: Consistent, responsible use shows that you can manage credit effectively. Using your card for a few small, recurring expenses and paying the balance off each month is a good strategy.
What to do if you can't get an increase
Ultimately, a credit limit increase is not guaranteed with the Destiny Mastercard®, even with perfect behavior. Due to the high annual fees, the Destiny Mastercard® is best treated as a temporary tool. Your long-term strategy should be to use the card responsibly for a year or two to build your score, and then apply for a better, more competitive card that offers higher limits and lower fees.
- The Destiny Mastercard®: Your essential guide to rebuilding credit
- Destiny Mastercard® Annual and Monthly Fees
- Destiny Mastercard® Credit Score Needed
Destiny Mastercard®
- A guaranteed $700 credit limit to help get your financial goals on track, if approved.
- Apply with Confidence! There is no impact to your credit score if you’re not approved. See terms.
- No security deposit, and a path to better credit.
- Zero Fraud Liability - Peace of mind that comes with having a Mastercard.
- Get the credit you deserve, even with less-than-perfect history.
- An unsecured card great for everyday purchases
- CLICK HERE TO APPLY ONLINE
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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.
Security Notice: All participating issuers use secure application systems protected by Transport Layer Security (TLS) encryption to help protect your information.
*See the online credit card applications for details about terms and conditions of credit card offers. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the " Apply Now " button you can review the credit card terms and conditions on the credit card issuer's web site.
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