How Does LendingTree Get Paid?
| Advertising Disclosure
| American Express Disclosure

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.

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.

Oportun® Visa® Credit Card Review

Oportun<sup>®</sup> Visa<sup>®</sup> Credit Card

Oportun® Visa® Credit Card Review

Credit Line
Credit line up to $1,000 – get a response in minutes
Increase Credit
Automatic reviews for credit line increase
Fraud Protection
Zero Fraud Liability – you won’t be responsible for unauthorized charges
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 Oportun® Visa® Credit Card best for?

If you want access to credit, but you’re having a difficult time being approved for a traditional credit card due to a limited or nonexistent credit history, check out what the Oportun® Visa® Credit Card has to offer. This unsecured card offers an initial credit line of up to $1,000, and is designed for individuals with good/fair/poor/limited.

The card can even be available to those without a credit score, Social Security number or U.S. identification. However, know that when applying for the Oportun® Visa® Credit Card, you should be prepared to provide your email address, cellphone number, photo ID, proof of income and proof of address.

We should also note that the card is not available to residents of Colorado, Iowa, Maryland, West Virginia or Washington, D.C.

We’ll review the pros and cons of the Oportun® Visa® Credit Card, and show how it compares to similar cards intended for individuals with limited credit history to help you determine if it’s the right fit for you.

Oportun® Visa® Credit Card overview

    • Credit line up to $1,000 – get a response in minutes
    • No security deposit or credit history required to apply
    • Zero Fraud Liability – you won’t be responsible for unauthorized charges
    • Automatic reviews for credit line increase
    • Worldwide acceptance in stores or online
    • Start establishing credit history – monthly reporting to all 3 major credit bureaus
    • 24/7 online account management – friendly support in English and Spanish
    • If you are assessed a finance charge, it will be no less than $1.00
    • Card issued by WebBank, Member FDIC
    • You must respond directly to this offer to receive these terms. Applications in response to other offers may result in different terms. See the online provider's credit card Cardholder Agreement for details about terms and conditions. Reasonable efforts are made to maintain accurate information. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the provider's website.

    300 600 660 720
    Good/Fair/Poor/Limited
  • A+ rating by the Better Business Bureau
  • Zero fraud liability
  • 24/7 online account management

Intro Purchase APR

N/A

Regular Purchase APR

24.90%-29.90% Variable

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

$0–$49

Cash Advance Fee

N/A

Foreign Transaction Fee

None

Balance Transfer Fee

N/A

Pros and cons of the Oportun® Visa® Credit Card

Pros

  • No credit history needed
  • Worldwide acceptance
  • Credit line up to $1,000

Cons

  • Potential fees
  • No rewards program
  • High interest rate

What we like about the Oportun® Visa® Credit Card

  • No credit history needed

    According to Oportun’s website, the Oportun® Visa® Credit Card “is available to financially responsible and hardworking people typically denied the opportunity [to carry a credit card], including those without a credit score, Social Security number or U.S. ID.”

    Instead, Oportun uses its own proprietary technology to determine your creditworthiness based on other factors, such as income.

    Oportun can prequalify you for the Oportun® Visa® Credit Card with a soft credit pull, which won’t impact your credit. However, once you formally apply, a hard inquiry will be performed.

  • Worldwide acceptance

    The Oportun® Visa® Credit Card can be used across the globe. As for foreign transaction fees, there are none. This means you won’t be charged a fee when using your card outside of the U.S.

  • Credit lines up to $1,000

    With the Oportun® Visa® Credit Card, cardholders can receive an initial credit line of up to $1,000. This is a pretty decent amount for a credit-building card, considering that the issuer doesn’t require a security deposit or an established credit history to apply.

What to watch out for with the Oportun® Visa® Credit Card

  • Potential fees

    The Oportun® Visa® Credit Card comes with an annual fee ranging from $0–$49, depending on your creditworthiness. In addition, the card charges late payment fees of up to $35 and returned payment fees of up to $35.

    That said, the Oportun® Visa® Credit Card doesn’t charge some of the other fees typically associated with subprime cards, such as setup fees, monthly fees and maintenance fees.

  • No rewards program

    The Oportun® Visa® Credit Card doesn’t provide the opportunity to earn rewards on the purchases you make or a sign-up bonus.

    But we should note that if you’re trying to establish or build credit, it’s wise to direct your attention toward paying your credit card bill in full and on time each month, rather than earning points or cashback rewards.

  • High interest rate

    If you carry a balance on your Oportun® Visa® Credit Card from month to month, you’ll be subject to interest charges at an APR of 24.90%-29.90% variable.

Alternative card to the Oportun® 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.

 

If you’d prefer to go with a big-name issuer to help establish credit and have some cash available for a security deposit, the Discover it® Secured Credit Card is a great alternative. The card requires a deposit ranging from $200 to $2,500, which will then serve as your credit line.

In addition, 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.

Along with offering a $0 annual fee, the Discover it® Secured Credit Card doesn’t charge a fee the first time you pay late; after that, the late fee will be up to $41. But beware: It’s very important to pay your bill on time when trying to establish a good credit history, as timely payments account for 35% of your credit score.

After you’ve had the Discover it® Secured Credit Card for seven months, Discover will begin conducting monthly account reviews to see if you’re eligible to graduate to an unsecured card — if this happens, your card will transition to a Discover it® chrome. (Note that Discover will evaluate your behavior across your credit cards and loans from Discover, as well as those from other issuers or lenders.) You can get your deposit back once you’ve upgraded or if you choose to close your account and pay any remaining balance.

Compare the Oportun® Visa® Credit Card to similar cards

Comparison of four different credit cards
Oportun<sup>®</sup> Visa<sup>®</sup> Credit Card Discover it<sup>®</sup> Secured Credit Card Capital One Platinum Credit Card AvantCard Credit Card
Oportun® Visa® Credit Card Discover it® Secured Credit Card Capital One Platinum Credit Card AvantCard Credit Card
Apply Now
on Oportun's secure site
Apply Now
on Discover's secure site
Apply Now
on Capital One's secure site
Apply Now
on Avant's secure site
Welcome Offer
N/A Discover will match all the cash back you’ve earned at the end of your first year. No bonus None
Rewards Rate
N/A 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 Non-rewards Card Non-rewards card
Annual Fee
$0–$49 $0 $0 $59
Regular APR
24.90%-29.90% Variable 26.74% Variable APR 28.49% (Variable) 28.74% Variable
Recommended Credit
Good/Fair/Poor/Limited Poor/Limited Fair/Limited Fair/Poor/Limited
Card Details
Oportun® Visa® Credit Card Discover it® Secured Credit Card Capital One Platinum Credit Card AvantCard Credit Card

Is the Oportun® Visa® Credit Card right for you?

If you have no credit history or lack a Social Security number, the Oportun® Visa® Credit Card can help you establish or build your credit profile by practicing responsible card usage. (Note that you’ll have to provide an SSN in order to have the card account and payment activity reflected on your credit reports — but once you have that SSN, the card does report to all three credit bureaus.)

But if you’d prefer a card that offers rewards on the purchases you make — and you can afford the security deposit — the Discover it® Secured Credit Card may be a better fit. Along with offering cashback rewards on every purchase you make, the card starts reviewing your your account after seven months to see if you’re eligible to graduate to an unsecured card and get your deposit back.

Apply Now
on Oportun's secure site