If you have been having a hard time applying for a new credit card because of poor or limited credit history, the Mission Lane Visa credit card can be an option worth looking into. It presents an excellent chance for you to boost your credit score without having to keep a security deposit stuck in your account earning zero interest.

But you know what they say: there is no such thing as a free lunch. This ease of access to the card does come with an annual fee. It’s a pretty reasonable one if you compare it to other unsecured cards aimed at people with bad credit. Also differently from other subprime cards, the Mission Lane Visa credit card doesn’t have any hidden fees.

Keep in mind you can get more flexibility, a lower annual fee or even a $0 annual fee and a higher credit limit if you opt for a secured card instead. There are even better unsecured offers if you have fair or average credit. But if you have bad credit and would like to learn more about Mission Lane before you make your decision, have a look at the numbers below.

With this card you get access to a minimum $300 credit limit without the need for a security deposit. This gives you a short-term opportunity to work on your credit score before moving on to another card with better benefits. Besides, by demonstrating you are a responsible cardholder, making your payments always on time for at least six months, you make yourself eligible for a higher credit limit.

The Mission Lane Visa credit card doesn’t offer much when it comes to perks and benefits. You get access to the regular services offered by any Visa cardholder, such as roadside assistance, 24-hour support in case your card is lost or stolen and zero liability for fraud. It also doesn’t offer any cash back or points rewards.

Now that we have covered important details about this card, it is time to put pros and cons on a scale and evaluate which factors represent a bigger weight in our final decision.

This card was created having in mind folks with poor or no credit history at all. If your credit isn’t in its best shape, don’t worry. This card can be your ally in building or rebuilding your creditworthiness, and you don’t even need to make a security deposit to get yours.

Applying for this credit card is a very simple process that you can do 100% online. All you have to do is go to the card’s website, fill up the application form and set yourself up for approval. Ready to move forward? So click the link below, and we’ll take you to our complete walkthrough of the application process.