Fortiva Credit Card Review – Fortiva MasterCard Should You Apply?

Fortiva Credit Card Review – Fortiva MasterCard Should You Apply?

– I am reviewing the Fortiva credit card and I have mixed feelings about that. (dramatic music) I worked hard to rebuild
my credit and I love making these videos and sharing
my tips and tricks on how I was able to do that. And I’ve shown you in the
cheapest, easiest way possible. But today I’ll be talking
about the Fortiva credit card and it is not the cheapest and easiest way to build credit. So are there any redeeming
qualities to this credit card? I’m gonna go over that with you today. We’re going to look into
this card closer to see if it is a viable option
for you to rebuild credit. Did you receive an
acceptance letter in the mail for the Fortiva credit card? Well if you did later I
will share with you a trick that could potentially
lower some of the fees associated with the Fortiva Mastercard. Honestly, while researching
to do this video and review article, I have
discovered that there’s not that much love for the
Fortiva credit card. So if you have this credit card,
let us know what it’s like. If you love it, let us know. If you hate it, let us know. Now the Fortiva Mastercard
is an unsecured credit card, but there are so many fees that those fees will add up to about the
same amount that it would add up to if you were going to apply and get approved for
a secured credit card. So that’s one of the main problems I have with this card. I think that their fee
structure is way too high. So this is the dreaded
snapshot of the Fortiva fee structure, but like I
said before earlier in this video I am going to
show you a tip and trick on how to avoid some of those fees. At least hopefully. So you can see there there
is a huge, huge fees being charged on this card. You get an annual fee, an application fee, and also monthly maintenance fees. So keep in mind what you
could potentially have to pay in order to have the Fortiva Mastercard. So if you received a letter
in the mail inviting you to apply for the Fortiva credit card and you want to do
that, I did leave a link in the review article, the
pros and cons review article so you can glance over the review, figure out if this card’s right for you, and if you do want to apply there’s a link that you can simply
click on to take you over to Fortiva and apply for this offer. So when you go to the
Fortiva website and you go to the area where you type
in your reservation code, this is basically what it looks like, it’s very simple and straightforward. So a good thing about
the Fortiva credit card is that it is a credit
card that will report to the three credit bureaus. The Fortiva credit card is a Mastercard. So the Fortiva Mastercard
will report monthly to the three credit bureaus
and that will help you build your credit. This is so much better to
have than a prepaid card. Keep in mind, prepaid cards
tend to be just as expensive in many cases as the Fortiva Mastercard. The only difference is
you will not build credit with a prepaid card. So the Fortiva credit
card can be a helpful tool with managing your finances,
you can use this to easily pay for your utility bills or
other expenses you may have. One thing that is nice
that they do include with all of this is that they will give you credit monitoring included. So that can be very helpful,
that’s offered to you when you get the Fortiva
credit card and you can closely monitor your credit and
you can see how it is improving and it’ll give
you a good indication on when you should apply
for your next credit card. Like we said before, the
Fortiva credit card has higher fees so maybe after eight
months, 10 months, 12 months, 14 months you can see how
much your credit score improved and you can try applying for a different credit card. Also, I started a Facebook
group especially for people with bad and fair credit. If you’re undecided on what
direction you need to go with the types of credit
card offers that you are planning to apply for, I recommend joining this Facebook group. I will always be posting
any kind of information that can help you get better
chances of getting approved. Easy credit approval
is the name of the game on my Facebook group. Recently I did a review
on the Blaze Mastercard and the Avant Mastercard. These are similar types
of credit cards to the Fortiva Mastercard. If you’re interested, they
are, the links will be in the description below this video. I recommend that you check it out. This will be a great
way to compare to find the best credit card for you. I’ve also left other
fair credit card links in the description below,
including store cards. And I just am about to start
a fair credit card playlist and that will include every
single video that is for fair credit and then whenever
I do any future videos, I will immediately add those
videos to that playlist so you’ll always get
the most updated content for fair credit cards. Now, one of the things
I have against secured credit cards, or I should
say some secured credit cards is that the terms can be a little murky. It is suggested that the
security deposit is refundable, it is a security deposit. But certain secured cards
do not easily refund your security deposit. Sometimes they only refund
your security deposit when you cancel your account. If that is the case and you decide to keep a secured card open, you’re
essentially paying about the same fees that you would be paying with the Fortiva credit card. So that’s why I don’t exactly
think that the Fortiva credit card is the absolute
worst credit card out there. It can turn out to be the same exact thing if you pick a certain type
of secured credit card to apply for. Now, a while back I did a
video on secured credit cards, I talked about the five
top secured credit cards and I talk about many
aspects of these cards and who their best suited for. So it all depends on the
situations you are in your life. If you’re in the middle of a bankruptcy, some credit cards you should
not apply for during that time and you’ll automatically get denied. I cover all of that in that video, as well as covering which credit cards, which secured credit cards
will refund your security deposit without having
to cancel your account. So if you’re interested
in that I’ve left a link for that in the description
below this video and you should check it out. One really bad thing about
the Fortiva credit card is how high the interest rate is charged. There is a range, but the
top interest rate is 36%. That is huge! But if you watch my
videos you know what I say time and time again, most
credit cards have high interest rates, even ones
that are for good credit. So my tip always is pay
your balances in full and the interest rate will not matter. But I need to leave that out there. At the taping of this
video, the top interest rate for the Fortiva credit card is 36%. Okay so now I’m going to
share the possible tip that can help make the Fortiva credit card just a little bit more affordable. Now, from what I’ve been
hearing online there is a way to get your fees lowered
at the time of application. And simply what you need to
do is fill out the complete application and then at one
point they’re gonna ask you if you accept all the
terms and conditions. From what I’ve been hearing
is if you say you do not, immediately a little
offer window will pop up offering you slightly
better terms than everything I’ve described to you today. So if this tip does in fact work for you, I think you should come
back to this video, leave a comment, let
everyone know they can save more money if they apply in this way. And I do believe I would deserve that you smash that like button, I saved you money. Okay so at the end of the
day the Fortiva credit card might possibly not be the
worst credit card out there, especially if you follow my tip today and get some of the fees that
we’ve been looking at lowered. My recommendation is it would be better to have
the Fortiva credit card than do nothing at all,
then not start building your credit today. Because the longer you
are building your credit, the better it will be. The longer your credit history will be. So if there’s a choice
whether to do nothing or to apply and get the
Fortiva credit card, I would say get the Fortiva credit card, it will report back to the credit bureaus and that will start building your credit and later you’ll be
able to get much better credit card offers. So basically we’ve come
to that time again where I say goodbye. But I’d like to say that
if you really liked this video today I hope that you
will hit the like button and if you want to see more of my videos on different reviews of credit cards, please hit that subscribe button. See you later.

11 thoughts on “Fortiva Credit Card Review – Fortiva MasterCard Should You Apply?

  1. I received an invite and I did research. All I could find was $130-150 annual fee. That is awful. Not one would said anything nice

  2. I got an offer for this card in the mail and didn't accept it (yet).
    26.49% APR for purchases
    29.49% APR for cash advances
    Annual Fee: $150 for the first year then $29 annually after that
    Account Maintenance Fee: $150 annual fee ($12.50/mo), but the fee isn't billed for the first 12 months of having the account open.
    My FICO score as of right now is 631 and I opened up my first card in May of last year.

  3. 👉Watch Next: Four Credit Cards For Fair Credit > ⚡

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