Best Egg Visa® Credit Card

Our review of the Best Egg Visa® Credit Card

The Best Egg Visa® Credit Card, offered by First Bank and Trust of South Dakota in partnership with leading lender Best Egg, is a credit builder credit card designed to help individuals rebuild their credit. With no annual fee or membership fees, this card provides a great opportunity for those looking to improve their credit history.

Build Credit with Responsible Use

Unlike many other Best Egg offers, the Best Egg Visa® Card is specifically tailored for individuals who have faced financial difficulties in the past that have hindered their ability to build a positive credit history. While Best Egg loan products typically require a FICO Score of around 640 to qualify, the score requirement for the Visa credit card is lower, making it more accessible to those with less-than-perfect credit

The Best Egg Visa® comes with a range of educational tools and financial resources to assist cardholders on their credit journey. The dynamic mobile app allows users to easily track and control their spending, offering features like:

• Limitless controls
• Additional user capabilities
• Travel dates and spending limits settings
• Spending insights
• Access to free credit score through Best Egg Financial Health

Applying for the Best Egg Card also presents a credit-building opportunity. While a successful application may result in a hard inquiry on a credit report, unsuccessful applicants will not face any impact on their credit score, providing peace of mind in uncertain approval situations.

No Hidden Fees (of Any Kind)

The Best Egg Visa® Credit Card stands out among other fintech credit cards for bad credit scores by waiving various fees to attract new applicants. This card features no annual fee, no membership fees, no monthly maintenance fees, no origination fees, no foreign transaction fees, and no fees for over-the-limit or penalty APR charges.

Interest rates on the Best Egg Card are competitive, with a single fixed rate APR that varies with the Prime Rate, aligning with the average for unsecured credit cards. This rate is slightly below the national average APR for applicants with fair credit.

Choose Your Card Design

New Best Egg account holders have the option to select from three unique card designs, allowing them to choose a card that suits their personal style.

Access to the Community

Best Egg Credit Cardholders gain access to the fintech’s Community, where they can participate in discussions and activities that influence the company’s decisions on card features. Community engagement earns points that can be redeemed for gift cards at popular retailers.

Other Features

Additional features of the Best Egg Visa® Credit Card include:

• Auto-pay discounts
• EMV chip technology
• Mobile wallet compatibility with Apple Pay, Amazon Pay, Google Pay, Samsung Pay, and more
• Basic Visa protections, such as Zero Fraud Liability, Cardholder Inquiry Services, Emergency Card Replacement, Roadside Dispatch, Auto Collision Damage Waiver, Lost/Stolen Card Reporting, and ID Navigator from Norton

Should You Apply for the Best Egg Visa® Credit Card?

Currently available by invitation only, the Best Egg Visa® Credit Card is a solid option for eligible applicants looking to improve their credit score. While it may not offer the same benefits as other prominent credit builder cards, it stands out for its fee-free structure and accessibility to individuals with bad or no credit history.

For those seeking alternative options, merchandise cards like Boost Platinum, Freedom Gold, Buy on Trust, or Unique Platinum provide unsecured credit lines for purchases at select retailers. With responsible financial habits, cardholders can watch their credit improve over time and potentially move on to more rewarding cards from larger banks.