Fortiva Credit Card Review: Is It a Good Option for Building Credit?

Are you dreaming of achieving a strong credit score but don’t know where to start? Look no further than the Fortiva Credit Card – a powerful tool that can help pave your way toward financial success.

In this comprehensive review, we will delve into the nitty-gritty of why the Fortiva Credit Card might just be the perfect option for those looking to build their credit. Get ready to embark on a journey that will not only demystify credit-building strategies but also unveil whether or not this particular card is worth adding to your wallet. Let’s dive in!

Introduction to Fortiva Credit Card

If you’re looking to rebuild your credit, the Fortiva Credit Card may be a good option for you. This card offers several features that can help you improve your credit score, including a relatively high credit limit and the ability to make payments online.

The Fortiva Credit Card is issued by First Bankcard, a division of First National Bank of Omaha. It’s available to consumers with bad or no credit, and it can be used anywhere Mastercard is accepted.

One of the biggest selling points of the Fortiva Credit Card is its high credit limit. Limits start at $500, but they can go up to $10,000 for qualified applicants. That’s much higher than most secured cards, which tend to have limits around $200-$300.

Another feature that makes the Fortiva Credit Card attractive for people looking to rebuild their credit is that it offers online account management and bill pay. This makes it easy to keep track of your account and make payments on time, both of which are important factors in your credit score.

The Fortiva Credit Card has a fairly low annual fee of $39. This is lower than many other cards designed for people with bad credit, which often have annual fees of $50-$100 or more.

So if you’re looking for a card that can help you rebuild your credit, the Fortiva Credit Card is worth considering. Just be sure to use it responsibly and make all your payments on time.

Pros and Cons of the Fortiva Credit Card

There are a few key things to consider when determining if the Fortiva Credit Card is right for you and your credit-building journey.

Pros.

• No security deposit is required
• You can pre-qualify for the card without impacting your credit score
• There is no annual fee
• The card offers a competitive APR (19.99% variable)

Cons.

• The card has a high minimum credit limit of $500 (most secured cards have lower limits)
• You may be better off with a different unsecured card if you have average or bad credit
• There is an additional $25 annual participation fee
• The APR on the Fortiva Credit Card is higher than its competitor’s cards (which averages around 17.99%)

What is the Interest Rate on Fortiva Credit Cards?

Assuming you are referring to the Fortiva Retail Credit Card, the interest rate is 34.99% APR. This is a variable rate, which means that your interest rate may change from time to time based on the prime rate. If you have a balance on your card, you will be charged interest on that balance. Interest is calculated daily and charged monthly.

There are also other Fortiva credit cards available with different interest rates. You should check with the issuer directly for more information on their specific interest rates.

Other Benefits and Features

Other than the comparatively high APR, there are a few other things to be aware of before signing up for the Fortiva Credit Card.

• There is a rather hefty annual fee of $175 – though this may be worth it if you’re confident you’ll be able to use the card to successfully build your credit.
• The card doesn’t offer any rewards or cash back – so if that’s what you’re looking for in a credit card, you’ll need to look elsewhere.
• However, one nice feature of the Fortiva Credit Card is that it offers cell phone protection against damage or theft – up to $1,000 per occurrence with a $50 deductible. So if you’re prone to dropping your phone or losing it, this could be a helpful perk.
• Fortiva also offers an identity theft resolution service for cardholders. This will provide support if you become a victim of identity theft and will help to recover lost funds.

Is the Fortiva Credit Card a Good Option for Building Credit?

If you’re looking to build your credit, the Fortiva Credit Card is a good option. It offers a low APR and several features that make it easy to manage your credit and make payments on time.

With the Fortiva Credit Card, you can get a credit limit of up to $10,000. This card also offers several features that can help you manage your credit and make payments on time. For example, you can set up automatic payments so you never have to worry about missing a payment. You can also view your account balance and transactions online or through the mobile app.

The Fortiva Credit Card also offers some protection if you do miss a payment. For example, there’s no penalty APR for late payments, and you won’t lose your promotional APR if you make one late payment within the first six months.

Overall, the Fortiva Credit Card is a good option for building credit, as it offers an easy way to manage your credit and make payments on time.

Experiences of Existing Users

Many consumers who have used the Fortiva Credit Card to build their credit report positive experiences. One common theme among users is that the card has helped them to improve their credit scores. Some users report an increase of over 100 points within a few months of using the card. Another common positive experience reported is that Fortiva offers a higher credit limit than many other similar cards, giving cardholders more flexibility when it comes to making purchases.

Some users have experienced negative customer service experiences when dealing with Fortiva. In particular, some users report difficulty in getting in touch with customer service representatives and long wait times on hold. Other users have had issues with being unexpectedly charged late fees or annual fees, which can add up quickly and put a strain on finances.

Overall, however, most existing users have found the Fortiva Credit Card to be a helpful tool in boosting their credit scores and providing flexibility when it comes to making purchases.

Conclusion

Fortiva Credit Card is a great option for anyone who wants to build or rebuild their credit score. With no security deposit needed, no annual fee, and several low-cost repayment options, this card offers its users an opportunity to begin establishing a strong credit history. The reporting of on-time payments is also beneficial in helping customers achieve their goals of improving their financial standing. For those looking for the best possible way to boost their creditworthiness, the Fortiva Credit Card makes an excellent choice.