If you have a bad credit score or you're struggling to build your credit rating, having a Mission Lane credit card might be your best chance without dealing with a lot of barricades during your application
The Mission Lane Visa credit card can help you build your credit. It is also very affordable to own and applying for one is easy to do. This is why you need to learn the application process so you can easily breeze through the application without hassles.
In this article find out how to apply for a Mission Lane credit card so you can easily breeze through the application without hassle.
Understanding the Mission Lane Credit Card
Having bad credit is a very difficult situation especially when you're applying for the average credit card. With the Mission Lane Visa credit card, you don't have to worry about your credit score, as you can still qualify.
The card also does not require you to produce a security deposit, unlike many other credit builder cards that need you to deposit at least $200 for you to apply and use the card.
Mission Lane also provides a credit limit increase after making the first six payments on time.
The card also offers a 19.99% to 29.99% variable APR for purchases and cash advances and a 3% foreign transaction fee. There's also a $0 to $59 annual fee depending on your creditworthiness.
Benefits and Features of the Mission Lane Visa Credit Card
The Mission Lane Visa credit card offers a good rewards program for those who pre-qualify for the card. There are 1%, 1.5%, and 2% cashback rewards for customers who use the card for purchases. You can then redeem your rewards as a statement credit to help you pay off your monthly dues.
The credit card also has a $0 fraud liability where any charges made through the fraudulent activity will not be charged to your account. There is also a 24/7 customer service hotline that you call in case you have issues with your card.
You can also download the Mission Lane app where you can link your account for online banking. You'll get alerts on every transaction and you can monitor your account on your mobile phone.
Get Pre-Approved First
If you're interested in applying for the Mission Lane Visa credit card, you will need to head over to the official Mission Lane website and select the Visa credit card.
You will then be asked to fill out the application form and submit it. This is the prequalification stage where the issuer will then check for your credit score. However, this is not a hard check so it won't affect your credit score or impact your approval.
You will know within a few minutes if you are qualified for the card. If you're pre-qualified, you will then receive a recommendation on which card you can apply to and an offer to apply for it.
At this stage, they will then run a hard credit check before they approve your application.
If you have inquiries about getting pre-approved and the entire pre-qualification process, you can call their customer service number at 855-790-8860.
You can also reach out to them by writing to Mission Lane LLC, PO Box 105286, Atlanta, GA 30348-5286.
You can also visit their main office at 1504 Belleville St Richmond, VA, 23230-4438, United States.
Check Your Eligibility and Prepare the Required Documents
Before you can apply for the Mission Lane Visa credit card, you should be aware of the eligibility requirements. You need to be 18 years old and above and have a good income to apply for the card.
You will be required to provide documents verifying your personal information. In some cases, you may be asked to verify your income with the necessary documentation.
You will need information such as your street address, Social Security Number, income information such as your pay stubs, W2s,1099s, an active phone number, and an active email address.
You will also need to gather the code offer which was sent to you through your email address after your pre-qualification check or through your invitation email.
What to Do During Application
To proceed with the application, fill out the application form with the required details. Make sure that your address is valid since the bank will use USPS to validate your address.
If the application mentions that you have an invalid address, make sure that the formatting of your address is correct or re-enter the requested information after refreshing the page. You can also upload the documents that are requested during your application.
Review all the details including the terms and conditions before you submit your application. You will also need to electronically sign your cardholder agreement to be approved for the card.
After Applying: What Happens Next?
Once you have signed the cardholder agreement, it will only take a few minutes for them to provide you with the decision.
Once approved, you will receive your credit card in the mail within seven to 14 calendar days. You will then need to activate your card once you have received it.
The card can be easily activated through Mission Lane's mobile application. Download the Mission Lane mobile app, create or sign into your account and select “Activate”.
You can also activate your credit card by calling their customer service hotline and have it activated for you.
Tips for Managing Your Mission Lane Credit Card
One of the best ways to help you manage your Mission Lane credit card is to take advantage of the mobile app. The app has all the features you need to help you manage your finances.
You can check your current balance as well as every transaction made on the account. You can also use the app to make online payments and manage your upcoming payments as well.
The app also allows you to check your credit score to check its health and be aware of anything that could be affecting it for the worse.
The Mission Lane Visa credit card is a very good option for those who are looking to fix or establish their credit score. By paying on time, you can easily build your credit score and make a positive impact on your overall credit.
Note: All credit products carry risks. Read the terms and conditions of the product to know more.