About Company
Fortiva, a prominent player in retail credit in the United States, offers a range of financial products tailored to meet the diverse needs of everyday Americans. With a focus on empowering individuals, Fortiva extends its services to those with less-than-perfect credit histories, providing an opportunity for individuals who may have been overlooked by other card issuers. One of its flagship offerings, the Fortiva Mastercard® Credit Card, is issued by The Bank of Missouri, Perryville, MO, under a license from Mastercard, enabling its use wherever Mastercard debit and credit cards are accepted.
At the core of Fortiva's mission is the commitment to assisting individuals in working towards their credit goals. The application process for a Fortiva Mastercard® Credit Card is designed to be swift and straightforward. Through a secure online application, applicants receive an instant credit decision, marking the initiation of their financial journey with Fortiva. This inclusivity in the application process, coupled with the flexibility of the card for everyday purchases, positions Fortiva as a valuable resource for those looking to improve their credit standing and access essential financial tools.
Key Features
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Issued by The Bank of Missouri. The Fortiva Mastercard® Credit Cards are issued by The Bank of Missouri, Perryville, MO, operating under a license from Mastercard. This association ensures widespread acceptance at locations where Mastercard debit and credit cards are acknowledged.
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Empowering Credit Goals. Fortiva is dedicated to helping individuals work towards their credit goals. By extending financial opportunities to a broader demographic, Fortiva aims to empower everyday Americans to improve their credit standing.
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Fortiva Account Center. Upon approval and activation, cardholders gain access to the Fortiva Account Center, providing 24/7 account management from any device. This platform allows users to make payments, set up alerts, check account balances, and enroll in various card features.
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Authorization for Limited Credit Inquiry. Fortiva offers a prequalification process that involves a soft inquiry into an applicant's credit history, ensuring that the initial assessment does not impact their credit score. A subsequent hard inquiry is only made upon acceptance of an offer.
Pros and Cons
Pros
Cons
Reliability
Fortiva's reliability, as reflected in user reviews on platforms like Google Play, appears to be mixed. With a rating of 3.1 stars out of 1.47K reviews, opinions on the service are diverse, with both positive and negative feedback from users. While being a member FDIC adds a layer of assurance regarding the safety of deposits, potential customers may want to consider a range of factors, including user experiences, customer service quality, and any specific concerns raised in reviews, when evaluating the reliability of Fortiva as a financial service provider.
Products
Fortiva Mastercard® Credit Card. This credit card is designed for individuals seeking to build or rebuild their credit. It offers widespread acceptance wherever Mastercard debit and credit cards are acknowledged, allowing users to make purchases conveniently. The card comes with features such as online account management, account alerts, and the option to add an authorized user.
Other credit cards
- Best Credit Cards of September 2024
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- Cashback Credit Cards
- Low-Interest Credit Cards
Other Services Fortiva Offers
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Customer Support and Assistance. Fortiva is committed to providing excellent customer support and assistance to its customers. This may include dedicated customer service representatives who can help address inquiries, resolve issues, and provide guidance on using Fortiva products effectively.
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Account Management Tools. Fortiva's account online management platform may offer a range of tools and features to help customers manage their accounts more efficiently. This may include options for setting up automatic payments, tracking spending, and monitoring account activity in real-time.
Conditions and Requirements
Conditions
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Flexible Credit Approval. Fortiva provides credit products with flexible approval criteria, making them accessible to individuals with varying credit histories, including those with less-than-perfect credit scores.
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Customizable Payment Options. Fortiva offers customizable payment options for its financial products, allowing customers to choose the repayment terms that best suit their budget and financial situation.
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Transparent Fee Structure. Fortiva maintains a transparent fee structure for its products, ensuring that customers are aware of any applicable fees, such as annual fees or interest charges, before they apply.
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Account Management Tools. Fortiva provides robust account management tools, including online account access, account alerts, and payment scheduling options, to help customers manage their accounts effectively.
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Credit Limit Increases. Some Fortiva products may offer opportunities for credit limit increases over time, allowing customers to access additional credit as they demonstrate responsible credit behavior.
Requirements
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Proof of Identity. Clients are typically required to provide proof of identity, such as a government-issued ID, to apply for Fortiva's financial products.
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Proof of Income. Fortiva may require clients to provide proof of income to demonstrate their ability to repay any credit extended to them. This may include recent pay stubs, tax returns, or bank statements.
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Credit History. While Fortiva's products are designed to accommodate individuals with varying credit histories, clients may still need to meet certain minimum credit score requirements to qualify for certain products or features.
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Age Requirement. Clients must meet the minimum age requirement specified by Fortiva to apply for its financial products. This typically requires individuals to be at least 18 years old.
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Residency Status. Clients may need to provide proof of residency to apply for Fortiva's financial products. This may include a utility bill or lease agreement showing their current address.
Network of ATMs
Fortiva, in collaboration with its banking partners, offers access to a network of ATMs across the United States. While Fortiva itself does not operate its own network of ATMs, its credit card products, such as the Fortiva Mastercard® Credit Card, provide access to cash withdrawals and other ATM services through the Mastercard network.
Apps Like Fortiva
The Chase Freedom Rise℠ Credit Card stands out as an exceptional choice for individuals with limited credit seeking an unsecured credit card option. With its unique combination of cash back rewards on every purchase and access to premium credit-monitoring tools, cardholders can effectively build their credit while enjoying the benefits of their spending. Additionally, the potential to increase credit limits in as little as six months further enhances its appeal, making it a compelling option for those looking to establish or improve their credit profiles. The cost to own this card is $0, and estimated rewards amount to $79, making it a cost-effective choice for credit building.
Positioned at the forefront of unsecured credit cards for individuals with poor credit, the Petal® 1 No Annual Fee Visa® Credit Card offers a compelling blend of affordability and credit-building features. With no annual fee, foreign transaction fee, or security deposit required, cardholders can access essential credit-building tools without incurring unnecessary expenses. The Petal app provides convenient access to credit scores and payment tracking, empowering users to monitor their progress towards financial goals. While estimated rewards are not applicable, the emphasis on credit-building features makes it an attractive option for individuals looking to rebuild their credit histories.
For individuals with limited, poor, or fair credit seeking a straightforward credit card option, the AvantCard Credit Card presents a viable solution. Tailored to cater to consumers in need of credit-building tools, this card offers access to resources designed to improve credit scores and enhance financial management capabilities. Although the card comes with a $59 annual fee and does not offer estimated rewards, its emphasis on credit-building features positions it as a practical choice for individuals looking to take control of their financial futures.
The Upgrade Cash Rewards Visa® stands out as an excellent option for cash back rewards among unsecured credit cards tailored for limited credit. Offering substantial potential rewards earnings and essential credit-building features such as free access to credit scores and regular reporting to credit bureaus, this card provides cardholders with a valuable opportunity to earn rewards while building their credit. However, it operates similarly to a personal loan, with fixed monthly payments over a set period, necessitating careful budgeting to ensure timely payments. With a cost to own of $0 and estimated rewards totaling $254, the Upgrade Cash Rewards Visa® offers a compelling combination of affordability and potential rewards for individuals focused on credit building.
Editorial Opinion
Important
Methodology
At Finanso, we've carried out a comprehensive analysis of over 50 neo banks, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.
In each category, we carefully considered the most critical factors in selecting a neo bank. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.
At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.
Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.
Additional Resources
- Full Fortiva Account Review
- Fortiva Mobile App
- Fortiva Reviews
