Destiny Mastercard Review 2026: $175 Fee, No Deposit, High APR
The Destiny Mastercard is an unsecured credit card for bad and fair credit that requires no security deposit, but according to WalletHub and U.S. News, most approved applicants pay a $175 fee in the first year and $49 in renewal years, plus a 35.9% APR.
Issued by The Bank of Missouri and serviced by Concora Credit — the same company behind the Milestone Mastercard — the Destiny card targets consumers who have been turned down for traditional unsecured cards and want to avoid tying up cash in a security deposit. Approved cardholders typically start with a $700 credit limit, and the account reports monthly to Experian, TransUnion, and Equifax.
Key Details at a Glance
| Feature | Details |
|---|---|
| Issuer | The Bank of Missouri, serviced by Concora Credit |
| Annual Fee | $175 first year, $49 renewal (most common offer); some cardholder agreements show a $0 annual fee with a $5/month fee instead |
| APR | 35.9% (penalty/cash advance APR); some sources list 24.9% on standard purchases |
| Credit Limit | Typically $700 at approval |
| Security Deposit | None required (unsecured) |
| Credit Bureaus | Experian, TransUnion, Equifax |
| Foreign Transaction Fee | 1% of each transaction |
Applicants can check their approval odds through the official Destiny prequalification page, which uses a soft credit pull that doesn’t affect your credit score. A hard inquiry only happens once you submit the full application.
Why the Fee Structure Varies by Offer
One detail most reviews skip: this card doesn’t have a single fixed fee structure. According to a cardholder agreement filed with the Consumer Financial Protection Bureau (CFPB), some approved applicants are offered a $0 annual fee paired with a $5 monthly fee — working out to $60 per year. Others receive the more commonly marketed offer of $175 upfront and $49 annually after that, plus a $12.50 monthly fee starting in year two.
Both structures land in a similar cost range over two years, generally between $150 and $220. The exact terms depend on your specific creditworthiness at the time of prequalification, so it’s worth reading your personalized offer carefully before accepting.
Pros and Cons
Pros
|
Cons
|
Who Should Get This Card
| Profile | Fit |
|---|---|
| Rebuilding after bankruptcy or delinquency | Good fit — unsecured approval without a deposit |
| No cash available for a security deposit | Good fit — avoids the deposit secured cards require |
| Wants a card with cash back or rewards | Poor fit — consider the Aspire Mastercard instead |
| Wants the lowest possible fees | Poor fit — a secured card with no annual fee will usually cost less |
If the fees on Destiny feel steep, it’s worth comparing offers before applying. Our Milestone Credit Card review breaks down a similar Concora Credit product, and our Indigo Mastercard review covers another no-deposit option from a different issuer with its own fee tradeoffs.
Frequently Asked Questions
Is the Destiny Mastercard a legitimate credit card?
Yes. Destiny is issued by The Bank of Missouri, an FDIC-insured bank, and serviced by Concora Credit. It reports account activity to Experian, TransUnion, and Equifax every month.
Does Destiny require a security deposit?
No. Unlike secured credit cards, this is an unsecured card, meaning approved applicants don’t need to put down any cash deposit to open the account.
How much does the Destiny Mastercard cost per year?
Most approved applicants see a $175 fee in the first year and $49 in following years, plus a monthly fee starting in year two. Some cardholder agreements instead show a $0 annual fee with a $5 monthly fee. The exact structure depends on the offer presented at prequalification.
What credit limit does Destiny offer?
Approved cardholders typically start with a $700 credit limit, though the fees charged at account opening reduce the credit actually available to spend.
Can I check if I qualify without hurting my credit score?
Yes. Destiny’s prequalification process uses a soft credit pull, which doesn’t affect your credit score. A hard inquiry only occurs if you proceed with the full application.
Disclaimer: We are not financial advisors. This review is for informational purposes only and reflects publicly available terms as of 2026. Card terms, fees, and APRs can change — always confirm current details directly with the issuer before applying.