Chip Lupo, Credit Card Writer
@CLoop
The biggest disadvantage of the Mission Lane Cash Back Visa® Credit Card is that it is available to people with at least fair credit, which means the average person may struggle to qualify. There are a few other disadvantages of the Mission Lane Cash Back Visa® Credit Card to be aware of, too.
Mission Lane Cash Back Visa® Credit Card Disadvantages
- High APR: The Mission Lane Cash Back Visa® Credit Card has a relatively high APR, at 26.99% - 29.99% (V).
- No 0% APR on purchases: The Mission Lane Cash Back Visa® Credit Card does not currently offer a 0% APR promotion on purchases, so it is not good for people looking to finance big purchases.
- Foreign transaction fee: You will be charged a fee of 3% when using your card abroad.
- No balance transfers allowed.
In addition, there are plenty of potential disadvantages applicable to all or most credit cards. Some examples are the hard credit pull that usually happens when you apply, interest charged on balances that are carried from month to month, and the potential to overspend.
People also ask
Does Mission Lane Cash Back Visa Credit Card do a hard inquiry?
The Mission Lane Cash Back Visa® Credit Card does a hard inquiry on your credit report when you apply. A hard inquiry usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time. Mission Lane performs the hard pull to determine your credit risk and ultimately decide whether you’ll be approved for an account.
The Mission Lane Cash Back Visa® Credit Card requires fair credit to be approved. You can check your credit score by signing...
read full answer by Chip Lupo, Credit Card WriterHow do I contact the Mission Lane Cash Back Visa Credit Card reconsideration line?
To request reconsideration for a rejected Mission Lane Cash Back Visa® Credit Card, call Mission Lane customer service and ask a representative to direct you to the reconsideration department. Asking for reconsideration is a way for you to request a second review of your application and potentially get a denial overturned.
What You Need for Mission Lane Cash Back Visa® Credit Card Reconsideration
If you call to request reconsideration from Mission Lane, make sure you are prepared to make an argument for why you should...
read full answer by Chip Lupo, Credit Card WriterWhat is the Mission Lane Cash Back Visa Credit Card concierge benefit?
There is no Mission Lane Cash Back Visa® Credit Card concierge benefit. Cardholders with questions about their account can call 1 (855) 790-8860 for assistance, but the customer service representative won’t be able to perform the wide range of services provided by some credit card concierges.
A concierge acts like an on-demand personal assistant for cardholders, able to help with nearly anything, from travel and purchase assistance to directions and restaurant reservations. Although Mission Lane Cash Back Visa® Credit Card does not offer concierge service, there are plenty...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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