How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Advertising Disclosure
LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).

Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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American Express Disclosure
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

American Express Disclosure

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Best Egg Visa® Credit Card Review

LendingTree's Review

How LendingTree Rates Credit Cards?

Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
4.1
Best Egg Visa® Credit Card
Build Credit
Proactive credit line increases may occur after 6 months
Fees
$0 Annual Fee, no Foreign Transaction Fees, and no Overlimit Fees
APR
18.99% - 29.99%
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It was not reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Is the Best Egg Visa® Credit Card a good card?

If you’re searching for a credit card to build credit, you may find there are a lot of “bad eggs” out there — credit cards laden with high fees and lots of “gotchas” in the fine print. True to its name, the Best Egg Visa® Credit Card is not a bad egg, but a good one.

It reports to all three major credit bureaus (Equifax, Experian and TransUnion) and doesn’t charge an annual fee or any ongoing maintenance fees. And, you don’t have to fret about rejection with this card — your credit score will not be impacted if you’re not approved.

Pros and Cons

Pros

  • Credit score will not be impacted if you don’t get approved
  • No annual fees or overlimit fees

Cons

  • No sign-up bonus
  • No rewards program
  • No intro APR on purchases

Best Egg Visa® Credit Card overview

     
    • No impact to your credit score if we’re unable to approve you
    • Proactive credit line increases may occur after 6 months
    • Secure Mobile Wallet and contactless tap-to-pay options
    • $0 Visa® Fraud Liability
    • $0 Annual Fee, no Foreign Transaction Fees, and no Overlimit Fees
    • Free credit score access through Best Egg Financial Health
    • Use your card your way with the frictionless, uber-clickable Mobile App
  • Recommended Credit
    Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion
  • 600 660 720
    Fair/Good
  • $0 Visa fraud liability
  • Free access to your credit score
  • Mobile app with customizable card settings and controls
  • Visa® Traditional Credit Card benefits

Intro Purchase APR

N/A

Regular Purchase APR

18.99% - 29.99%

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

$0

Cash Advance Fee

$10 or 5% of the amount of each cash advance, whichever is greater

Foreign Transaction Fee

$0

Balance Transfer Fee

N/A

What we like about the Best Egg Visa® Credit Card

  • Your credit score will not be impacted if you don’t get approved

    Usually when you apply for a new credit card, a hard inquiry appears on your credit report — which lowers your score by a few points and stays on your credit report for two years (although the negative impact lessens over time).

    The Best Egg Visa® Credit Card eases the concern of rejection, because you only get a hard inquiry if you’re approved for the card.

  • No overlimit fees

    The other major selling point of Best Egg Visa® Credit Card is it doesn’t burden you with ongoing fees. Many unsecured cards for building credit charge monthly maintenance fees and annual fees that can amount to more than $100 each year — which you’re stuck paying as long as your account is open. With the Best Egg Visa® Credit Card, you don’t don’t have to pay ongoing fees to keep your account open.

    Also, it doesn’t charge an overlimit fee if you go over your credit limit. Instead, your next purchase will be denied until you pay down your balance.

    Tip: Exceeding your credit limit can negatively impact your credit score. In fact, most experts recommend keeping your balance well below 30% of your credit limit. For example, if you have a credit card limit of $500, you should keep your balance below $150 each month.

What to watch out for with the Best Egg Visa® Credit Card

  • No sign-up bonus

    Many cards offer a sign-up bonus, but Best Egg Visa® Credit Card does not. However, this isn’t a deal breaker — especially if you’re rebuilding your credit and don’t qualify for a credit card with a sign-up bonus.

  • No rewards program

    You can build credit with the Best Egg Visa® Credit Card, but you won’t be rewarded for it. While it does not offer a rewards program, there are rewards credit cards available that offer high cash back rates in popular spending categories, like groceries, gas and dining.

Alternate card to the Best Egg Visa® Credit Card

Compare it to the Discover it® Secured Credit Card

| Disclosures
Discover it® Secured Credit Card
Discover it® Secured Credit Card
apply-now-icon Apply Now
on Discover's secure site
Rates & Fees
N/A
28.24% Variable APR
$0
Earn 2% cash back at Gas Stations and Restaurants on up to
  • No credit score required to apply.
  • No Annual Fee, earn cash back, and build your credit history.
  • Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
  • Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
  • Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.
  • Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.
  • Terms and conditions apply.
300 600
Limited/Poor

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


 
If you don’t mind putting down a deposit for a secured credit card, the Discover it® Secured Credit Card is a good alternative to the Best Egg Visa® Credit Card. The Discover it® Secured Credit Card requires a refundable security deposit ranging from $200 to $2,500, which will serve as your line of credit.

Like the Best Egg Visa® Credit Card, the Discover it® Secured Credit Card comes with a $0 annual fee and reports to the three major credit bureaus. However, it also offers a cash back on your purchases and a sign-up bonus. And perhaps best of all, no credit score is required to apply.

You’ll find the Discover it® Secured Credit Card especially rewarding if you spend a lot on restaurants and gas. Cardholders earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.

After you’ve had the card for seven months, Discover will conduct monthly account reviews to see if you’re eligible to graduate to an unsecured card and get your deposit refunded.

Is the Best Egg Visa® Credit Card right for you?

The Best Egg Visa® Credit Card may be a good fit if you’re interested in establishing or building your credit profile, since it reports your credit usage to the major credit bureaus, doesn’t require a deposit and comes with a $0 annual fee.

But if you’d rather use a secured card to help build credit, the Discover it® Secured Credit Card may be a better fit. Along with offering a solid cash back rate on every purchase, the card offers a sign-up bonus that matches the cash back you earn at the end of your first year as a new cardholder.

Learn More
on Best Egg's secure site

The information related to the Best Egg Visa® Credit Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.