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.
|
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).
|
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.

Mission Lane 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.
2.3
Mission Lane Visa<sup>®</sup> Credit Card
Strengthen Your Credit
Free, online credit score access for cardholders.
Regular APR
19.99 - 29.99% Variable
Credit Line Increase
Get a higher credit line if you're in good standing after making your first 7 payments on time.
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.

Our take: The Mission Lane Visa® Credit Card accepts applicants with limited or poor credit and offers a decision in under a minute. However, it’s an expensive option for building credit, due to a potential annual fee.

Pros and cons

  • Get a decision in 60 seconds or less
  • No security deposit required
  • Reports to all three credit bureaus
  • Consideration for credit limit increases
  • Potential annual fee
  • Very high APR
  • No sign-up bonus or rewards

Is the Mission Lane Visa® Credit Card a good card?

The Mission Lane Visa® Credit Card offers applicants the opportunity to be prequalified in under a minute for an unsecured line of credit. But, depending on your credit score, you may end up with a high APR and an annual fee with this card. You can find more affordable cards that accept applicants with limited or poor credit.

However, if you’ve exhausted all options and are in need of a card, the Mission Lane Visa® Credit Card may be worth applying for. Not all cardholders are required to pay an annual fee. If you use it responsibly, it can help build your credit, and you may even qualify for a credit limit increase.

Quick facts

    • See if you qualify instantly without harming your credit score.
    • Be automatically considered for a higher credit line in as few as 7 months.
    • Free, online credit score access for cardholders.
    • Instant decision on your application.
    • No interest on purchases when you pay in full and on time each month.
    • No security deposit required – get started today!
    • Enjoy coverage from Visa®.
    • Access your account anytime, anywhere with our mobile app.
    • If you are charged interest, the charge will be no less than $0.50.
  • 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
    Fair
  • No security deposit required
  • Reports to three major credit bureaus
  • Opportunity for credit line increases

 

Intro Purchase APR

N/A

Regular Purchase APR

19.99 - 29.99% Variable

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

$0-$59

Cash Advance Fee

The greater of $10 or 3% of each cash advance.

Foreign Transaction Fee

If the transaction occurs at a merchant outside of the U.S., the fee is 3% of the U.S. dollar amount of the transaction, regardless of whether a currency conversion is performed at the time of the transaction.

Balance Transfer Fee

N/A

Mission Lane Visa® Credit Card benefits

  • Get a decision in under a minute

    The Mission Lane Visa® Credit Card offers a prequalification decision in under 60 seconds without any negative effect to your credit score. If you’re pre-qualified and submit your application, the issuer will run a hard credit pull before giving you a final decision.

  • Be considered for credit limit increase in as few as seven months

    Within the first year, and in as few as seven months, your account will be evaluated for a potential credit limit increase. The issuer may consider several factors, including your credit score, information on your credit history and your income, as well as timely payments with your card.

    After the first evaluation, evaluations are done regularly as long as your account is in good standing.

  • No security deposit is required

    Since it’s an unsecured credit card, you don’t need to submit a security deposit for the Mission Lane Visa® Credit Card. This will save you a little cash upfront.

    Do remember, though, that, depending on your creditworthiness, you may have to pay an annual fee for the card. Unlike a security deposit, you’ll have to pay this annual fee as long as the account is open, and it’s non-refundable.

  • Reports activity to all three credit bureaus

    When you use the Mission Lane Visa® Credit Card, all your payments are reported to the three major credit bureaus: Equifax, Experian and TransUnion. This is ideal for building credit. When you apply for a credit card, auto loan or a mortgage in the future, the lender will see your payment history on the card, no matter which bureau they use.

Mission Lane Visa® Credit Card drawbacks

  • Annual fee

    The annual fee for the Mission Lane Visa® Credit Card ranges from $0-$59, and is determined by your creditworthiness. You won’t know which fee you’ll pay until you are approved for the card. If you want to avoid an annual fee, consider a secured credit card — many don’t charge annual fees.

  • High APR

    Like the annual fee, your APR with the Mission Lane Visa® Credit Card is determined during the approval process and will range between 19.99 - 29.99% Variable. While the low end of this range is reasonable, applicants with low scores could land a very high APR.

    This may not be a problem if you don’t carry a balance from month to month. However, emergencies do happen, so make sure you can cover the interest and any applicable fees if you miss a payment.

  • No sign-up bonuses or rewards

    A sign-up bonus or a rewards program can put a little money back in your pocket, and may even help make up for an annual fee. Unfortunately, this card has neither.

    When you are focused on building credit, rewards shouldn’t be the highest priority. If you keep your credit utilization low and make your payments on time, you may be able to qualify eventually for a good rewards credit card. However, if rewards are an important feature for you, you can find some solid credit cards for people with bad credit that include rewards programs.

Alternate credit building cards

Mission Lane Visa® Credit Card vs. AvantCard Credit Card

| Disclosures
AvantCard Credit Card
AvantCard Credit Card
apply-now-icon Apply Now
on Avant's secure site
N/A
35.99%
$59
Non-rewards card
  • Fast and easy application process
  • No deposit required
  • No hidden fees
  • No penalty APR
  • Report to all three major credit bureaus
  • Zero fraud liability for unauthorized charges
  • Avant branded credit products are issued by WebBank, member FDIC
  • Disclosure: If you are charged interest, the charge will be no less than $1.00
  • Late Fee up to $39
  • Checking your eligibility does not affect your credit score
300 600 660
Limited / Poor / Fair

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.


 
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

| 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.


 
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

| Disclosures
Capital One Quicksilver Secured Cash Rewards Credit Card
Capital One Quicksilver Secured Cash Rewards Credit Card
apply-now-icon Apply Now
on Capital One's secure site
Rates & Fees
N/A
29.99% (Variable)
$0
1.5% Cash Back on every purchase, every day; 5% Cash Back on
  • No annual or hidden fees, and you can earn unlimited 1.5% cash back on every purchase, every day. See if you're approved in seconds
  • Put down a refundable $200 security deposit to get a $200 initial credit line
  • Building your credit? Using a card like this responsibly could help
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
  • For Capital One products listed on this page, some ofthe benefits are provided by Visa® or Mastercard® and may vary by product. Seethe respective Guide to Benefits for details, as terms and exclusions 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.


 
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 29.99% (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.

Is the Mission Lane Visa® Credit Card right for you?

If you’re simply looking for a card that’s quick and easy to qualify for, the Mission Lane Visa® Credit Card may be right for you. However, you should be prepared for an annual fee and potentially high APR.

If you are able to put down a deposit for a secured credit card, you should. Some secured credit cards like the Discover it® Secured Credit Card and Capital One Quicksilver Secured Cash Rewards Credit Card offer $0 annual fees for all cardholders. These cards also offer rewards that you can apply to your credit card balance.

Learn More
on Mission Lane's secure site
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

The information related to the Mission Lane 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.