Fortiva Credit Card is an unsecured credit card you can apply for without a security deposit. Though you may have a less perfect credit score. More also, if you have bad credit or you do not have an established credit history, secured credit cards that require a security deposit are a common option. That is the reason you need a Fortiva card in your wallet.
The Fortiva MasterCard is marketed to individuals trying to rebuild their poor credit. What the card issuer doesn’t tell you is that you’ll pay hundreds of dollars just for the privilege of adding this card to your wallet.
Unless you have no other options, you are better off avoiding the Fortiva Credit Card and going with a secured credit card instead.
This credit card comes with annual fees and account maintenance fees, but your payment history is reported to the major credit bureaus, which can help build your credit score. You can as well review your credit score through the Fortiva MasterCard online portal. Read on to learn all about the Fortiva Retail Credit.
Pros and Cons of Fortiva Credit Card
Though this credit card is regarded as an unsecured credit card, it is believed to have some good characteristic which we call the pros.
In addition to the pros, it must have what will make you do away from it, you will get to explore this as we dig deep more on Fortiva Retail Card. In that case, this part of the article will be covering the pros and cons of this credit card.
Pros of Fortiva Credit Card
No security deposit required: If you have poor credit or credit history, qualifying for a credit card can be so tough. Often, you are limited to secured credit cards, which require you to deposit hundreds of dollars for security before you can be issued one.
The money you deposit serves as your credit line. Meanwhile, Fortiva credit card, by contrast, is an unsecured credit as mentioned above. This means, you will not make a security deposit before you apply and get the credit card, even if you have less-than-perfect credit.
You will have a revolving line of credit that you can use for regular transactions, as needed. That all
Access to credit score: Once your Fortiva MasterCard application is approved, you can create an online account.
After your account has been open for 60 days, you can view your VantageScore 3.0 at no charge. The VantageScore 3.0 is slightly different from the FICO score.
It is frequently used by companies to determine your credit, but variables are weighed slightly differently when calculating your score. Your score will be between 300 and 850 with the VantageScore 3.0; anything over 700 is generally considered good credit.
Being able to view your credit score is a common feature for a credit card. However, for a card for people with bad credit, it is an especially useful tool. You can monitor your progress over time and see how your credit score is improving.
Cons of Fortiva Retail Credit Card
Annual fee: Your annual fee depends on various qualification factors. During your first year as a cardholder, it could be $49 to $175, this is too high for people with low income. After that, it could be $0 to $49.
Annual maintenance fee: Depending on your creditworthiness, you will be charged $60 to $159 per year in account maintenance fees, it is also considered too high.
Authorized user fee: If you add someone to your account, such as a partner or child, you will have to pay a $25 annual fee for each person. Imagine having three peoples, you are to pay $75, it is very high.
Penalty fees: If you miss a payment or a payment is returned to you, Fortiva will charge you the maximum fee permitted by law. As of May 1, 2020, that is $40, too high as well.
Foreign transaction fees: If you use your card outside of the United States, you will be charged 3% of each transaction amount.
The bottom line of these charges is extremely high fees. While the Fortiva card does not require a security deposit, you will still need to pay hundreds of dollars. It is just in the form of fees, which you will never get back.
Even for a card for people with less-than-stellar credit, the fees of the Fortiva credit card are quite high. That is what we explained under the cons of the credit card.
Charges and Fees on Fortiva Credit Card
====> Annual Fee: $49 to $175 for the first year, then $0 to $49 every year thereafter
====> Purchases: 21.99% to 36%, depending on creditworthiness
====> Cash Advances: 24.99% to 36%
====> Balance Transfers: 24.99% to 36%
====> Sign-Up Bonus: None
====> $60 to $159 annual maintenance fee after the first year (billed at $5.00 to $12.50 per month)
====> Up to $38 for late payments
====> Up to $38 for returned payments
====> $25 one-time authorized user fee
====> $25 one-time program fee when you open an account
====> $5 or 5% cash advance fee, whichever is greater
====> 3% balance transfer fee
====> 3% foreign transaction fee
Fortiva Credit Card Benefits
Despite the cons of this credit card, the card still offers some amazing benefits to her users. Some of the benefits are listed and explained below.
Reports Payment History to Credit Bureaus: As long as you pay your bill on time each month, this card can help build your credit. It reports to all three credit bureaus each month.
The monthly reporting will help you start to build a solid payment history. It helps to show lenders that you can be responsible with your finances. Also, it makes them more prone to approve you for other cards or loans.
Easy Approved Credit Card for People with Poor Credit Score: People who have poor credit are severely limited in which credit cards they can and cannot receive.
You are usually tied to a secured credit card that’s very limiting. However, Fortiva MasterCard is different.
It is specially marketed to help people with poor credit rebuild without a secured card’s traditional restrictions. This can help jump your score a few points once the lender approves you.
EMV Chip: This credit card Keep your identity secure. It is believed that keeping identity secured in today’s digital world can be a challenge.
However, the Fortiva card works to prevent fraud and identity theft. It comes with an EMV chip built into the card. This adds an extra layer of security to every transaction you make.
It is great if you do a lot of in-store shopping. You will be able to shop without worrying as much about the potential risks and disadvantages of using store credit cards.
Lower Minimum Payments: The Fortiva Retails credit card comes with very low minimum monthly payments. You will pay just 1% of your balance of $10. You will pay whichever out of the two is greater.
However, this does mean that you pay interest every month. If it is possible, do not use over 33% of your total balance and pay it in full each month. Keep your credit utilization low. This can help you get into good financial habits.
Free Access to Credit Score: Another amazing benefit, is access to your credit score. You cannot fix your credit score if you are not sure what’s wrong.
In that case, Fortiva credit card gives you access to your credit score. You can monitor it each month to watch your payment history build.
In addition, it is a great way to check for fraud or report errors. Resolving these things can also give your credit score a needed boost.
No Security Deposit Required: You would assume that you would need a security deposit to open this card since it is for poor credit.
However, it does not require one since it is an unsecured card. This can potentially save you a little money over a secured option. However, there may be other fees to consider with the Fortiva MasterCard.
$0 Fraud Liability: Did someone get their hands on your Fortiva Retail Credit Card and make unauthorized purchases?
As long as you report it quickly, you will get a $0 fraud liability. Your lender will wipe out the purchases and restore your card’s balance.
In cases of identity theft, this is a huge benefit. It is subject to MasterCard’s liability rules and regulations, though, you may want to take a look at them if you are not sure.
Wide Acceptance Rate with the Fortiva MasterCard: Despite not being widely known, the Fortiva credit card is a MasterCard.
MasterCard is one of the most widely accepted credit card lenders in the world. You will be able to use your Fortiva MasterCard anywhere that accepts MasterCard.
This reduces your need to carry a backup credit card in case something doesn’t work on your Fortiva Card.
Fortiva Credit Card Apply Online Process
The application is done through the online process. This is considered the most secured way to apply for Fortiva retail card. Follow the steps in the article to get started; it is simple and easy to go about.
Step 1 ====> You need to visit Firtiva Card official website or copy and paste www.myfortiva.com on your browser
Step 2 ====> Now locate and click on Respond to a Mail Offer near the top centre of the page.
Step 3 ====> Then enter the acceptance code in the provided space. You can find your code near the bottom of your mail offer.
Step 4 ====> Move on to click Submit Code
Step 5 ====> From here follow the prompts to finish your Fortiva credit card application.
NOTE: You will need to confirm your personal information. You will also need to provide your annual income.
Fortiva Retail Card com Login
Now that you have completed your application successfully, you need to login into your online account before you enjoy most of the benefit associated with Fortiva MasterCard.
In that case, this part of the article will guide you through the complete login process. This is very simple and easy to about.
Step 1 ====> You need to visit Fortiva Retail card official website or copy and paste https://www.myfortiva.com/
Step 2 ====> On the page, at the top right corner on the screen, locate and click on Account
Step 3 ====> Another page will open. This time you will see a widget to enter your login detail
Step 4 ====> Enter your login details (username and password) in the space provided
Step 5 ====> Mark remember My User Name if you are using your personal computer
Step 6 ====> Finally here, click on the login button to access your online account
NOTE: If you enter the correct login details, you will be able to access your online account without any problem; otherwise, you will not be able to access your account.
Activate your Fortiva Credit Card Online
The fastest and easiest way to activate your new Fortiva Credit Card is through the Fortiva Account Center. Once your card is activated, the Fortiva Account Center gives you 24/7 account access from any device. To activate your credit card, click here and do so right now
Reset Fortiva Credit Card Login Details
Due to certain reason, we forget our login details. This is very normal as a human being. Now that you have lost or forgot your login details. You don’t need to worry too much; you can recover this through the login page.
On the login page, just below the login button. Locate and click on forgot password and user name link. You need to follow the onscreen instruction to recover your login details.
How to Pay your Fortiva Credit Card Payment Login
If you have a Fortiva credit card or financing arrangement from Fortiva, you can make Fortiva MasterCard payments by phone, online, by mail, through Western Union, and MoneyGram, as Fortiva reports. This part of the article will walk you through how to pay your Fortiva Retail card payment login.
Before we go ahead to show you how to make Fortiva credit card pay bill online, you have to note that to make an online payment, a customer needs a user ID and password allowing him to use the Fortiva online system, as Fortiva claims.
Fortiva Credit Card Online Payment Process
Online payment is a very fast and secured payment method. You need to login into your account as explained above and make your payment.
Fortiva online account access allows a customer to make payments directly to his account balance using an accepted method of payment.
Fortiva Retail Credit Card Pay Bill By Mail
If you want to pay your Fortiva card bill by mail, send your payment to the following Fortiva credit card payment address:
P.O. Box 790156
St. Louis, MO 63179-0105.
Pay Fortiva MasterCard Bill By Phone
The Fortiva customer service phone number for payments is 1 800 245 7741. You can also contact Fortiva directly with payment questions or for other customer services, as Fortiva reports
Fortiva Credit Card Customer Service
If you have any questions about your Fortiva credit card account, you can reach their customer service representatives at 1 800 245 7745.
You can also write them via P O Box address below
P.O. Box 105555
Atlanta, GA, 30348-5555
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Fortiva Credit Card FAQs
Here are answers to some of the most common questions people have about the Fortiva MasterCard.
Who Accepts Fortiva Card?
Where can I use my Fortiva Credit Card? Your Fortiva credit card can be used anywhere. It is a Mastercard, which is accepted virtually everywhere in the U.S. and in more than 200 countries and territories around the world.
Does Fortiva Increase Credit Limit?
However, Fortiva explicitly states in the cardmember agreement that it does not accept credit limit increase requests.
Fortiva may decide to adjust your credit limit increase, decrease, or remove it at any time, but customers cannot initiate an increase on their own
What Bank Issue Fortiva MasterCard?
The Fortiva Retail credit card is issued by the Bank of Missouri. It is a credit card that is designed for people with imperfect credit.
This can give you the opportunity to build or rebuild your credit. The fees and APR are high, though, and you can only apply for a card if you have received an invitation in the mail.
Where can I use my Fortiva Credit Card?
You can use your Fortiva Credit Card anywhere where MasterCard is accepted.
Is Fortiva Credit Card Good Credit Card?
No, the Fortiva Retail Credit Card is not a good card. It is an unsecured card for people with bad credit, having one-time, annual and monthly fees, but also an APR of 22.74% – 36% (V). And it is not even available for everyone, you can only apply for it with a pre-approved offer code
Does the Fortiva Credit Card Report to the Credit Bureaus?
Yes, the card issuer will report all of your Fortiva Credit Card payments to the three credit bureaus. Making regular, on-time payments can help to increase your credit score over time. However, missing payments and paying late will likely hurt your score.
Can I get Cash from My Fortiva Credit Card?
To get a Fortiva Credit Card cash advance, you can withdraw funds from an ATM. You will need to request a 4-digit PIN from Citi customer service (800 245 7741)
If you did not receive one after being approved for an account. Cash advances are extremely expensive, so it’s best to avoid them whenever possible