Revvi Credit Card Review: If you’re looking for a way to build your credit history, the Revvi credit card might be a good option. With no deposit and cashback rewards, the Revvi card is a great way to start restoring your credit score. However, this card has a few downsides that you should be aware of before signing up.
In this Revvi credit card review, we’ll go through the pros and cons of this card so you can decide if it’s right for you.
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REVVI CREDIT CARD REVIEW
This is a cashback credit card issued by Revvi. If you’re wondering if the Revvi credit card is the right card for you, read on. This Revvi credit card review gives you all the details you need to make a good choice.
Introduction to Revvi Credit Card
The Revvi credit card is an unsecured credit card that offers several benefits to cardholders. For example, Revvi Active cardholders get exclusive access to TransUnion’s free credit monitoring. In addition, the application process is quick and easy, and cardholders can get a response within seconds.
The credit limit for the Revvi credit card is $300, but this is subject to change based on the cardholder’s credit history. One of the key features of the Revvi credit card is that it allows users to restore their credit score.
This can be done by paying on time and keeping the balance below the credit limit. After 12 months, cardholders may also be able to request a credit limit increase, although a fee may apply.
Finally, the Revvi credit card reports monthly to all three major credit bureaus, making it easy for cardholders to keep track of their creditworthiness.
Revvi Credit Card Reviews: Features
- Active Revvi cardholders get exclusive access to TransUnion’s free credit monitoring!
- Earn 1% Cashback Rewards^^ when you pay with your Revvi Credit Card
- Quick and easy application; Answer within seconds
- Credit limit of $300 (subject to available credit)
- Build your credit with timely payments and keep your balance below the credit limit
- Possibility to request an increase in the credit limit after twelve months for a fee
- Payment account required
- Reports monthly to all three major credit bureaus
- Manageable monthly payments
- Perfect credit is not required
- Easy-to-use mobile app for on-the-go management!
- *View Rates, Fees, Charges & Restrictions, and Rewards for the full offering and Revvi Rewards details
“Should I get an unsecured Revvi credit card?”
Consider your financial needs and goals to decide if the Revvi credit card is right for you. This card can be a good option if you’re looking for a way to build your credit. However, building your credit score is not just one factor to consider when looking for a new credit card.
You should also review the pros and cons of each card to make sure it best suits your needs. The Revvi credit card has several advantages and disadvantages that you should consider before signing up.
Revvi Credit Card Review: Pros
Let’s understand the benefits of this card a little better.
#1. No security deposit is required.
One of the main advantages of the Revvi credit card is that you do not have to make a deposit. This can be helpful if you’re trying to rebuild your credit and don’t have the extra money to put down a down payment.
Most credit cards for people with bad credit require a deposit, a major benefit of the Revvi credit card.
#2. Cashback Rewards.
If you are looking for a cash-back bonus card, the Revvi unsecured credit card is a great option. This card gives you 1% cashback on all your purchases as long as you cash out your balance in full each month.
There is no limit to the amount of cashback you can earn, making this a great way to increase your rewards balance. Most credit cards designed for people with bad credit don’t offer rewards.
Also, this card can help you build your credit score as long as you make your payments on time and keep your balance low.
#3. Your credit limit has been increased
Revvi unsecured credit cards can be a good option for those looking to improve their credit score. The credit limit is increased as early as 12 months after opening and cardholders can receive a credit limit increase if their creditworthiness has improved.
A fee of 20% will be charged for each increased credit limit. The Revvi Visa credit card also comes with an initial credit limit of $300.
#4. Reports monthly to all three major credit bureaus.
Each month, Revvi’s unsecured credit card is reported to all three major credit bureaus: Experian, EquusUnion, and TransUnion. This can be helpful when trying to improve your credit score and tracking your progress.
Additionally, reporting to all three credit bureaus can help you qualify for a lower interest rate in the future.
#5. Qualify with bad credit.
One of the main advantages of the Revvi unsecured credit card is that you can qualify with bad credit. Intended for those with limited or no credit history, this card can help you build your credit score.
#6. Full-service mobile app.
Revvi’s unsecured credit card offers a full-service mobile app that lets you check your balance, make payments, view transactions, and more. This can come in handy when trying to manage your finances on the go.
#7. Fast and uncomplicated application process.
Revvi’s unsecured credit card offers a quick and easy application process. You can apply online in minutes and receive a decision within seconds.
Revvi credit card Cons: Why not get the Revvi unsecured credit card?
Now that we’ve examined the advantages of the Revvi credit card, let’s take a look at some of the disadvantages.
#1. Very high APR.
One of the biggest disadvantages of the Revvi credit card is its very high APR. The APR is 29.99%, which is one of the highest APRs available. If you have a balance on your card, interest costs will quickly accrue.
This can make it harder to repay your balance and lead to more debt. If you’re looking for a card with a lower APR, the Revvi credit card isn’t the best option.
#2. No introductory APR period.
Another disadvantage of the Revvi credit card is that there is no induction period for the APR. This means that you will incur interest costs from day one.
#3. Very high fees.
Revvi unsecured credit card is not recommended for several reasons. First, the cost is very high. There is a one-time “program fee” of $89, plus an annual fee of $75 for the first year and $48 thereafter. There is also a monthly fee of $6.25 starting in the second year that an account is opened.
For these reasons, it’s best to avoid Revvi’s unsecured credit card.
#4. No option to transfer the balance.
The Revvi credit card is not the best option when trying to pay off debt. This card doesn’t offer an option to transfer funds, so you’ll have to use another card to pay off your debt.
Who Is This Revvi Credit Card Ideal For?
Revvi’s unsecured credit card is ideal for those looking to improve their credit score. Cardholders can improve their credit score by paying on time and using a low balance.
In addition, Revvi’s unsecured credit card offers Visa® protections such as liability insurance without fraud. This protects cardholders from fraudulent charges.
Also, Revvi’s unsecured credit card offers manageable monthly payments. Cardholders can also earn 1% Cash Back Rewards on payments made with the card.
This makes Revvi’s unsecured credit card an excellent choice for those looking for a well-rounded and affordable credit card.
How to Apply for Revvi credit card?
- Visit the Revvi credit card website.
- Fill out the application form. Typically, you’ll need to provide general financial information, such as your social security number, address, and annual income.
- Check that the information is correct and submit your application
What are the Revvi Credit Card Approval Chances?
Revvi credit card approval chances are good. The company reports that people with different credit ratings have been approved for the card.
Those with bad credit, no credit, and limited credit are all eligible for the Revvi unsecured credit card. This makes Revvi’s unsecured credit card a great option for those with a variety of credit ratings.
What is the minimum credit rating for the Revvi credit card?
The Revvi unsecured credit card is available to individuals with a variety of credit ratings. There is no set minimum credit rating, so anyone interested in the card can apply.
However, applicants with higher credit ratings are more likely to be approved for the Revvi unsecured credit card. Additionally, those with higher credit ratings are likely to receive a lower APR.
The Alternative To The Revvi Credit Card?
As mentioned earlier, the Revvi credit card is not the best option for everyone. There are many other options if you’re looking for a credit card with a lower APR or low annual fee.
Here are some alternative credit cards to consider:
#1.Reflex MasterCard
The Reflex Mastercard is marketed as an alternative for people with bad credit who are looking for a credit card.
However, the high fees and interest rates associated with this card make it a poor choice for consumers. The Reflex Mastercard has an annual fee of $99 and charges a cash advance APR variable between 24.99% and 29.99%.
Add to that a 3% foreign transaction fee and a late or refund fee of up to $41. For these reasons, the Reflex Mastercard isn’t a good option for consumers.
#2. Indigo Mastercard
For consumers looking to build or repair their credit score, the Indigo Mastercard is a great option. The short and easy-to-fill-out pre-qualification form makes it easy to get started, and 24/7 mobile account access allows cardholders to manage their account on their schedule.
In addition, the Indigo Mastercard is accepted worldwide – wherever Mastercard is accepted – so cardholders can use their card with confidence anywhere.
Finally, with different card designs, the Indigo Mastercard allows cardholders to show their personality. Whether you’re building your credit from scratch or simply looking for an alternative to a traditional credit card, the Indigo Mastercard is a great option.
#4. Destiny MasterCard
The Destiny Mastercard is a great alternative for those with less-than-perfect credit or difficult credit history. This card does not require a deposit, making it ideal for those who want a Mastercard but don’t want to pay a deposit.
Additionally, the Destiny Mastercard offers the versatility to make purchases abroad, which is perfect for those looking to travel or make purchases outside of the United States.
Revvi credit card review 2023: Is the Revvi credit card worth it?
The Revvi credit card is an option if you have bad credit and are having trouble getting approved for other cards. By requiring a checking account, the Revvi card offers greater chances of acceptance than many other cards. In addition, the Revvi Card reports regularly to the major credit agencies – many competitors only report to one credit agency, others only semi-regularly.
The Revvi credit card is an option if you have bad credit and are having trouble getting approved for other cards. By requiring a checking account, the Revvi card offers greater chances of acceptance than many other cards.
In addition, the Revvi Card reports regularly to the major credit agencies – many competitors only report to one credit agency, others only semi-regularly.
However, there are some disadvantages to consider. The main disadvantages of the Revvi card are its high cost, including a mid-1930s purchase, making it one of the most expensive on the market.
While the Revvi card can help you build credit, it’s important to be aware of the possible downsides before signing up.
Frequently asked questions about the Revvi credit card
Is Revvi a real credit card?
Yes, Revvi is a real credit card. It is an unsecured credit card that does not require a deposit.
Is Revvi a good credit card for bad credit?
The Revvi credit card is an option if you have bad credit and are having trouble getting approval for other cards. The Revvi card offers greater chances of adoption than many others. Other cards, thanks to the request for a current account. In addition, the Revvi Card reports regularly to the major credit agencies – many competitors only report to one credit agency, others only semi-regularly.
What is the Revvi credit card credit limit?
The Revvi credit card minimum credit limit is $300.
Does the Revvi credit card have a cashback or rewards program?
This is a cashback card. That means you receive a percentage of your purchases as cashback rewards.
Revvi Credit Card Rewards
- Reward Percentage (All Purchases) N/A
- Maximum Reward Percentage N/A
- Annual Award Limit N/A
Does the Revvi credit card have a sign-up bonus?
This card does not offer a cash sign-up bonus.
Does the Revvi credit card offer an annual loyalty bonus?
This card does not offer a cash loyalty bonus.
What are the benefits of the Revvi credit card?
It offers the following advantages:
- No liability for fraud
- Reports to major credit bureaus
What are the relevant APRs for the Revvi credit card?
According to the Federal Reserve Board, the average APR is 15% for all credit cards and 17% for prepaid accounts. This card has higher than average regular APRs.
The Revvi credit card has a variable APR of 34.99%. It also has a variable cash advance APR of 34.99%.
Does the Revvi credit card offer an introductory APR for fund transfers?
No, there is no introductory APR offer for balance transfers.
Does the Revvi credit card offer an introductory APR for new purchases?
This card does not offer an introductory APR rate for new purchases.
How much does the Revvi credit card cost?
The following tariffs apply:
Revvi Credit Card Fees
- The annual fee is $48
- The initial program fee is $89
- Return shipping fee $41
- Late Payment Fee $41
What is the Revvi Credit Card customer service phone number?
The Revvi Credit Card customer service number is (800) 755-9203.
What is the Revvi credit card support contact email address?
The Revvi Credit Card support email address is Info@Revvi.com.
What is the Revvi Credit Card Login Page?
This will take you to the Revvi credit card login page.
How do people rate Revvi Credit Card’s customer service and user experience?
Revvi does not have good rating across all credit review sites.
Does Revvi Credit Card report your account activity to credit bureaus?
Yes, the Revvi credit card reports your account activity to the following credit reference agencies:
- Equifax
- Experiential
- Transunion
Making regular, timely payments to a creditor who reports to one or more credit reporting agencies demonstrates your financial responsibility and can help improve your credit score.