What is OneMain Financial BrightWay Card credit limit?

The OneMain Financial BrightWay Card interest rate is 26.99% - 28.49%. This OneMain Financial BrightWay Card interest rate is fixed, meaning the rate does not change based on economic conditions, like a variable rate would.

The OneMain Financial BrightWay Card gives you a 25-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your OneMain Financial BrightWay Card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.... read full answer

In addition to the regular interest rate, OneMain Financial BrightWay Card also charges a separate interest rate on cash advances. All OneMain Financial BrightWay Card interest rates will be listed on your statement and on your online account summary.

Yes, OneMain Financial does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.

OneMain Financial's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual credit score may be affected by a hard inquiry, you can use the ... read full answercredit score simulator on WalletHub.

It's worth noting that some people may be uncertain about whether OneMain Financial does a hard inquiry because there's only a soft inquiry during the pre-qualification process. Soft inquiries do not impact your credit score. But that's just the first step, and a hard inquiry is required when you officially apply.

If not having a hard inquiry is important to you, lenders that don't do a hard pull at all include Opploans, Integra Credit and NetCredit.

The OneMain Financial BrightWay Card reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. The OneMain Financial BrightWay Card reports the card’s credit limit, account balance, payment history, and more to all three of the major credit bureaus: Experian, TransUnion, and Equifax. WebBank may use a specific credit bureau more than another, depending on the applicant’s home state, and other factors.... read full answer

Once the OneMain Financial BrightWay Card reports your account information to a credit bureau, it may take a few days before the updates appear on your credit report. New OneMain Financial BrightWay Card cardholders may not see any new credit account info on their credit report for one or two billing periods after getting a card.

If you’d like to review your up-to-date credit score and TransUnion credit report, you can sign up for a free account on WalletHub. That way, you’ll be able to check every day to see if there’s any new information about the OneMain Financial BrightWay Card on your credit report.