Accepted Credit Score 
Bad Credit
Fortiva Credit Card
Info about the Fortiva Credit Card has been collected by WalletHub to help consumers better compare cards.
The financial institution did not provide the details.
Editor’s Take
John Kiernan, Credit Card Editor
Sep 9, 2020
Review: Fortiva Credit Card
The Fortiva Credit Card is an unsecured credit card for people with bad credit, which means there is no minimum credit score and no security deposit needed. However, the Fortiva Card charges a one-time fee of $25 prior to account opening and has an annual fee of $49 - $175 the first year. The annual fee drops to $0 - $49 from the second year on, but it is joined by a monthly fee of $5 - $12.50 at that point.
In exchange for those fees, cardholders get an unsecured credit line of an undisclosed amount. The Fortiva Credit Card also reports to the three major credit bureaus each month. It can therefore help you improve your credit score if used responsibly, as well as enable you to finance certain emergency expenses. However, carrying a balance from month to month will be expensive, thanks to the Fortiva Mastercard’s high APR. There are much less expensive ways to build or rebuild your credit, too.
That’s the Fortiva Credit Card in a nutshell. For your convenience, we’ll continue by highlighting the biggest factors to take into account when deciding whether to apply for the Fortiva Credit Card or reconsider alternative options.
Fortiva Credit Card Review Highlights:
Bottom Line: Is the Fortiva Credit Card Good?
No. The Fortiva Credit Card is not a good choice, unless you have bad credit and need to borrow a small amount of money for an emergency expense. The card’s interest rate and fees are too high to make it a good option for credit-building alone, and its lack of rewards means it’s not a good fit for people who plan to pay their bill in full every month. Most people would be better off with a $0 annual fee secured credit card.
In exchange for those fees, cardholders get an unsecured credit line of an undisclosed amount. The Fortiva Credit Card also reports to the three major credit bureaus each month. It can therefore help you improve your credit score if used responsibly, as well as enable you to finance certain emergency expenses. However, carrying a balance from month to month will be expensive, thanks to the Fortiva Mastercard’s high APR. There are much less expensive ways to build or rebuild your credit, too.
That’s the Fortiva Credit Card in a nutshell. For your convenience, we’ll continue by highlighting the biggest factors to take into account when deciding whether to apply for the Fortiva Credit Card or reconsider alternative options.
Fortiva Credit Card Review Highlights:
- One-time fee: $25
Some unsecured credit cards for bad credit, such as the Fortiva Mastercard, assess a fee prior to account opening in order to skirt a law prohibiting excessive fees the first year. - Annual fee: $49 - $175 1st yr, $0 - $49 after
The average credit card annual fee is $19.76, but many credit cards for people with bad credit have no annual fee. - Monthly fee: $0 1st yr, $5 - $12.50 after
It’s best to avoid this monthly fee, by graduating to a cheaper unsecured credit card offer within 12 months. - Interest Rate: 22.74% - 36% (V)
The Fortiva Card’s APR depends on your creditworthiness when you apply. Any rate from the range of possibilities will be above-average for a credit card offer right now, however. That’s why it’s best not to carry a balance from month to month with this card, except in emergency situations. - Credit limit: Undisclosed
The Fortiva Credit Card’s spending limit is revealed to new cardholders after approval for an account. That, combined with the fact that cardholders can’t request a credit limit increase, makes it very hard to count on the Fortiva Mastercard as a way to cover emergency expenses. Plus, whatever your limit is, fees will eat into the amount of spending power that you have available initially. - Rewards: None
The Fortiva Credit Card’s lack of rewards makes it a bad choice for people who plan to pay their bill in full every month. - How to apply: Online, with an offer code
You can apply for the Fortiva Credit Card online – but only in response to an offer that you receive in the mail. Receiving a mail offer for the Fortiva unsecured Mastercard doesn’t guarantee approval, but it does mean the chances are extremely good.
Bottom Line: Is the Fortiva Credit Card Good?
No. The Fortiva Credit Card is not a good choice, unless you have bad credit and need to borrow a small amount of money for an emergency expense. The card’s interest rate and fees are too high to make it a good option for credit-building alone, and its lack of rewards means it’s not a good fit for people who plan to pay their bill in full every month. Most people would be better off with a $0 annual fee secured credit card.
Sep 9, 2020
Fortiva Credit Card's Key APRs & Fees
| ONE-TIME FEES |
|---|
| $25 |
| ANNUAL FEE |
| $49 - $175 1st yr, $0 - $49 after |
| MONTHLY FEE |
| $0 1st yr, $5 - $12.50 after |
| REGULAR RATE |
|---|
| 22.74% - 36% (V) |
| GRACE PERIOD |
| 25 days |
Fortiva Credit Card's Highlights
| Payment history reported to all three major bureaus. |
| Transaction alerts keep you in charge of your credit. |
| Use your card everywhere Mastercard® cards are accepted. |
| $0 fraud liability. |
Fortiva Credit Card's Additional Info
| MAX LATE FEE |
$40 |
|---|---|
| MAX OVERLIMIT FEE |
None |
| MAX PENALTY APR |
None |
| FOREIGN TRANSACTION FEE |
3% |
| SMART CHIP |
Yes, unknown |
-
CASH ADVANCE APR
25.74% - 36% (V)
-
CASH ADVANCE FEE
5% (min $5)
at The Bank of Missouri's secure site
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Customer Questions and Answers
Don't see what you're looking for? Submit your question about Fortiva Credit Card to our community.
How do I apply for the Fortiva Credit Card? Reply 9
Irene Henderson
@irene_h
You can apply for the Fortiva credit card online if you have received an offer in the mail. First, visit the Fortiva website, click on "Respond to a Mail Offer" near the top-center of the page, and enter the acceptance code in the space provided. You can find your code near the bottom of your mail offer. Click "Submit Code" and follow the prompts to finish your Fortiva credit card application.
Note that currently, you won’t be able to apply for a Fortiva credit card unless you have a mail offer. There is no way to apply online if you don’t have a promo code, and applications are not accepted over the phone.
9
Upvotes
Where can I use my Fortiva Credit Card? Reply 7
Erwin Lozano
@erwin_lozano
Your Fortiva credit card can be used anywhere. It is a Mastercard, which is accepted virtually everywhere in the U.S. and in more than 200 countries and territories around the world.
However, using the Fortiva credit card abroad may not be such a good idea, considering its 3% foreign transaction fee.
7
Upvotes
How do I get a Fortiva Credit Card credit limit increase? Reply 4
Erwin Lozano
@erwin_lozano
You can't get a Fortiva Credit Card credit limit increase.
The cardholder agreement specifically states that the card issuer will not accept Fortiva Credit Card limit increase requests.
If you aren’t happy with the credit limit you’re given when you sign up, your only choices are to wait until your credit score improves to apply for a different card or avoid the Fortiva Credit Card altogether.
4
Upvotes
How can I set my Fortiva Credit Card PIN? Reply 2
Andre Simpson
@andre_simpson
You can set your Fortiva Credit Card PIN by calling Fortiva at 800-245-7741 or by accessing your Fortiva card account online or via the Fortiva Account Center app for iOS and Android.
A PIN number is usually used for cash advances, but keep in mind that cash advances are extremely expensive. They should be done only in cases where other payment methods aren't available.
2
Upvotes
How can I get a Fortiva Credit Card cash advance? Reply 2
FRANKIE SOLOMON
@solosolosolo
To get a Fortiva Credit Card cash advance, you can withdraw funds from an ATM.
You will need to request a 4-digit PIN from Citi customer service (800-245-7741) if you did not receive one after being approved for an account.
Cash advances are extremely expensive, so it’s best to avoid them whenever possible. Also, there may be additional bank fees when you withdraw cash from an ATM.
2
Upvotes
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We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
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Last updated on: September 9th, 2020 at 07:58
Related Credit Cards
If you are interested in the Fortiva Credit Card, check out the following credit cards as well:
Related Credit Card Categories
Fortiva Credit Card is related to the following categories:
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Sep 9th, 2020 at 07:58 ET