Imaginecredit.com/Offer | Pre-Approval Offer

The website imaginecredit.com/offer is the legitimate portal for the Imagine^® Visa^® Credit Card, used by individuals to respond to and accept a pre-qualified mail offer they received. The card is issued by WebBank and targets individuals with fair or limited credit seeking to build credit history, offering features like cash back rewards and no security deposit but also noting potentially high annual fees and APR.

The application process on Imaginecredit.com/offer

Step 1: Verification with your invitation code

The very first step is to confirm your identity and access your specific offer. On the website, you will be prompted to enter a unique invitation code, which is printed on the mailer you received. You may also be asked to provide your ZIP code to further verify the offer. This allows Imagine to pull up the terms and conditions that apply specifically to you.

Step 2: Accessing your pre-filled application

Once you enter your invitation code, the website will present a streamlined application form. This form is often pre-filled with some of your basic information, such as your name and address, based on the pre-qualification check that Imagine^® performed. This step saves you some time and effort in the application process.

Step 3: Completing the remaining details

While some information is pre-filled, you will still need to manually provide or confirm some details. This typically includes:

Your full Social Security Number

Your date of birth

Your annual income

Your employment status

Your monthly housing payment (rent or mortgage)

Step 4: Final submission and hard inquiry

After you have reviewed and completed all the information, you will submit the application for final approval. At this point, Imagine will perform a hard inquiry on your credit report. This is a crucial step for the bank to verify your creditworthiness, and it can cause a small, temporary dip in your credit score.

Step 5: Receiving an instant credit decision

In many cases, after you submit the application, Imagine will give you an instant credit decision. However, this is not always the case, and your application may require further review before a final decision is made.

Step 6: Final approval is not guaranteed

It is important to remember that receiving a pre-qualified offer and completing the application does not guarantee final approval. Imagine can still deny your application if your credit profile has changed since the initial pre-qualification or if other financial factors no longer meet their criteria.

Step 7: Waiting for your card

If approved, you can expect to receive your physical card in the mail. The mailing time can vary, but it typically takes 7 to 14 business days. Some users have reported waiting a bit longer, while others mention an option for expedited shipping for an additional fee.

The high costs of the Imagine Card

Despite being an unsecured card with rewards, the Imagine^® Visa^® Credit Card is known for its high fees and steep APR, which can outweigh the benefits.

Annual fee: The annual fee can be between $85 and $125 for the first year, and potentially similar or higher after that.

High APR: The variable purchase APR can be as high as 36%, making it very expensive to carry a balance month-to-month.

Expedited shipping fee: If you need your card sooner, there's an extra $19 fee for expedited shipping, which can be delivered in 3 business days.

High-cost reputation: Many reviewers on sites like WalletHub warn that Imagine will find every opportunity to charge fees, and some customers have complained of issues with billing and customer service.

Alternatives exist

For those looking to build credit, there are more affordable alternatives to the Imagine Card, such as secured cards from major banks like Discover and Capital One.

Secured cards: Secured cards require a security deposit but often come with no annual fee and a lower APR. They are generally considered a safer and more cost-effective way to build credit.

Other unsecured options: Other unsecured cards, such as the Arro Card, may use alternative data for approval and have more transparent, and potentially lower, fees.