How Does LendingTree Get Paid?
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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.

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Best Egg Visa® Credit Card Review

Best Egg Visa® Credit Card

Best Egg Visa® Credit Card Review

Purchase Intro APR
0% APR on purchases for the first six months, after that 18.99% to 28.99% variable
Rewards Rate
Earn 1% unlimited cash back on all purchases, with no caps or expirations
No Credit Score Impact
No impact to your credit score if we’re unable to approve you
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Best Egg Visa® Credit Card best for?

If you’re looking to build or rebuild credit with the help of an unsecured card that has minimal fees, the Best Egg Visa® Credit Card could be a good fit.

Along with reporting your card usage to the three major credit bureaus (Equifax, Experian and TransUnion), the card charges a $0 annual fee and no over-the-limit fees. Plus, your credit score will not be impacted if you don’t get approved for the card.

We highlight the pros and cons of the Best Egg Visa® Credit Card, and show how it compares to similar cards, to help you decide if it’s the right choice for you.

Best Egg Visa® Credit Card overview

    • Earn 1% unlimited cash back on all purchases, with no caps or expirations
    • 0% APR on purchases for the first 6 months, after that 18.99%- 28.99% based on your creditworthiness
    • No impact to your credit score if we’re unable to approve you
    • Proactive credit line increases may occur after 6 months
    • Redeem your rewards as a statement credit or finance purchase with our Pay Me Back option
    • 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
    600 660 720
    Good/Fair
  • $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

0% APR on purchases for the first six months, after that 18.99% to 28.99% variable

Regular Purchase APR

18.99% - 28.99% variable

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

Pros and Cons

Pros

  • Credit score will not be impacted if you don’t get approved
  • Intro APR on purchases
  • No overlimit fees

Cons

  • No sign-up bonus
  • Mediocre rewards program

What we like about the Best Egg Visa® Credit Card

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

    Typically 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).

    However, with the Best Egg Visa® Credit Card, a hard inquiry will only be generated if you’re approved for the card.

  • Intro APR on purchases

    If you need to carry a balance on your card from month to month, the Best Egg Visa® Credit Card could be a good fit, since it offers an intro 0% APR on purchases for the first six months, after that 18.99% to 28.99% variable (variable) APR applies.

    That said, when trying to build credit, it’s best to pay your balance in full each month.

  • No overlimit fees

    The Best Egg Visa® Credit Card does not charge an overlimit fee if you go over your credit limit. Instead, your next purchase will be denied until you pay down your balance.

    Just know, 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.

  • Mediocre rewards program

    While the Best Egg Visa® Credit Card lets cardholders earn 1% unlimited cash back on all purchases, with no caps or expirations, there are rewards credit cards available that offer higher cash back rates in popular spending categories, like groceries, gas and dining.

    Also know that Best Egg Visa® Credit Card rewards may not be earned if the merchant uses a mobile or wireless card reader. That potentially means no rewards when you swipe your card at your favorite food truck or buy from vendors at the farmer’s market. Additionally, purchases made from third parties, including resellers and online marketplaces, may not earn cash back. Translation: purchases from eBay and Amazon will probably not earn cash back.

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
on Discover's secure site
N/A
26.74% Variable APR
$0
2% cash back at Gas Stations and Restaurants on up to $1,000
  • No credit score required to apply.
  • No Annual Fee, earn cash back, and build your credit with responsible use.
  • Establish your credit line by providing a refundable security deposit of at least $200. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line. Bank information must be provided when submitting your deposit, and the security deposit equals your credit limit.
  • 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. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • Click "Apply Now" to see terms and conditions.
300 600
Poor/Limited

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.

For credit builders who 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 is a secured card that requires a refundable security deposit ranging from $200 to $2,500, which will serve as your line of credit.

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

Discover it® Secured Credit Cardholders earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically. Plus, Discover will match all the cash back you’ve earned at the end of your first year.

After you’ve had the card for seven months, Discover will begin conducting monthly account reviews to see if you’re eligible to graduate to an unsecured card and get your deposit refunded. Note that Discover will evaluate your behavior across your credit cards and loans from Discover as well as other issuers or lenders. You can also get your deposit back if you choose to close your account and pay any remaining balance.

Compare the Best Egg Visa® Credit Card to similar cards

Comparison of four different credit cards
Best Egg Visa® Credit Card Discover it<sup>®</sup> Secured Credit Card OpenSky<sup>®</sup> Secured Visa<sup>®</sup> Credit Card Capital One Platinum Secured Credit Card
Best Egg Visa® Credit Card Discover it® Secured Credit Card OpenSky® Secured Visa® Credit Card Capital One Platinum Secured Credit Card
Apply Now
on Best Egg's secure site
Apply Now
on Discover's secure site
Apply Now
on OpenSky's secure site
Apply Now
on Capital One's secure site
Welcome Offer
N/A Discover will match all the cash back you’ve earned at the end of your first year. N/A No bonus
Rewards Rate
Earn 1% unlimited cash back on all purchases, with no caps or expirations 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically None Non-rewards Card
Annual Fee
$0 $0 $35 $0
Intro Purchase APR
0% APR on purchases for the first six months, after that 18.99% to 28.99% variable N/A N/A N/A
Regular APR
18.99% - 28.99% variable 26.74% Variable APR 21.14% (variable) 28.49% (Variable)
Regular APR
18.99% - 28.99% variable 26.74% Variable APR 21.14% (variable) 28.49% (Variable)
Intro Balance Transfer APR
N/A 10.99% Intro APR for 6 months N/A N/A
Regular Balance Transfer APR
N/A 26.74% Variable APR N/A 28.49% (Variable)
Regular Balance Transfer Rate
N/A 26.74% Variable APR N/A 28.49% (Variable)
Recommended Credit
Good/Fair Poor/Limited Poor/Limited Poor/Limited
Card Details
Best Egg Visa® Credit Card Discover it® Secured Credit Card OpenSky® Secured Visa® Credit Card Capital One Platinum Secured Credit Card

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

The Best Egg Visa® Credit Card may be a good fit for those interested in establishing or building their 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. Additionally, the intro APR offer is attractive if you need to finance a large purchase and pay it off over time. 

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.

 

Apply Now
on Best Egg's secure site