Mission Lane Visa® Credit Card vs. AvantCard Credit Card
As an unsecured card, the AvantCard Credit Card is very similar to the Mission Lane Visa® Credit Card and may offer you a higher credit limit for a similar annual fee of $59. The credit limit may range from $300 to $3,000 depending on your creditworthiness. Like the Mission Lane Visa® Credit Card, the AvantCard Credit Card allows you to prequalify and reports your activity to all three credit bureaus.
Mission Lane Visa® Credit Card vs. Discover it® Secured Credit Card
A more fiscally-savvy option is the Discover it® Secured Credit Card
. Though it requires a deposit of at least $200, it has a $0 annual fee and also offers a sign-up bonus and cash back rewards.
Your payment history is reported to the credit bureaus and Discover may even graduate you to an unsecured card in less than a year. Account reviews begin automatically after seven months. If you qualify for an unsecured card, you can get your deposit back.
Mission Lane Visa® Credit Card vs. Capital One Quicksilver Secured Cash Rewards Credit Card
Another secured credit card option is the Capital One Quicksilver Secured Cash Rewards Credit Card
, which has a $0 annual fee and requires a $200 deposit for a $200 line of credit. You’ll also earn 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply). This is one of the highest cash back rates you can find on a card targeted to people with low credit scores.
After six months, you will automatically be considered for a credit line increase without needing to put down an additional deposit. Over a year or two, as you build credit, this card will keep more money in your bank account than the Mission Lane Visa® Credit Card.
On the downside, the card’s APR is 30.74% (Variable), so make sure you’re prepared to pay off your balance each month before you apply.
*To see rates & fees for Capital One Quicksilver Secured Cash Rewards Credit Card, please click here