Fortiva® Mastercard® Credit Card – Benefits, Features, and Application Guide

The Fortiva® Mastercard® Credit Card is specifically geared toward consumers with average or rebuilding credit scores. Issued by The Bank of Missouri, this cash-back rewards card comes with no annual fee, making it a more budget-friendly option for credit building.

Cardholders can earn an unlimited 1.5% cash reward on qualifying gas, grocery, internet/TV/phone utilities, and dining purchases. Cash rewards can quickly add up to real money savings each month. When you make timely monthly payments and keep balances lower relative to the credit limit, it can help reconstruct your credit reputation over time.

Benefits and Features

Some of the key benefits and features of the Fortiva® Mastercard® Credit Card include:

Cash Back Rewards

3% cash back on gas, groceries, and utility payments
1% cash back on all other eligible purchases

Credit Building

Designed for those with fair or average credit
Can help build or rebuild your credit

Fraud Protection

$0 fraud liability from Mastercard

Credit Score Access

Free access to your VantageScore 4.0 credit score from TransUnion

No Annual Fee

No annual fee helps keep costs low

Worldwide Acceptance

Use anywhere Mastercard is accepted

Fees and Costs

While there is no annual fee, there are some other costs to be aware of with the Fortiva Mastercard:

APR: 29.99% or 36% Fixed
Annual Fee: $0
Balance Transfer Fee: N/A
Cash Advance Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
Foreign Transaction Fee: 3% of each transaction in U.S. dollars
Late Payment Fee: Up to $41
Return Payment Fee: Up to $30

As you can see, the interest rates and fees can add up quickly if you don’t pay your balance off in full each month. This card is best suited for those who plan to pay off their purchases right away.

Eligibility Requirements

To qualify for the Fortiva® Mastercard® Credit Card, there are a few eligibility rules to meet:

Credit Score: This card is designed for those with fair credit. Recommended credit scores are in the 550-650 range. Customers with scores lower than 550 or higher than 650 may still qualify depending on other qualifications.

Income: Most applicants should have an individual or household annual income of at least $20,000. Actual minimum income thresholds may vary.

Age: You typically need to be at least 18 years old to qualify on your own. Those under the age of 21 applying will need a cosigner.

Work Status: Having a stable income is key. You must be employed, self-employed, retired receiving benefits, or have other consistent income.

US Residency: Applicants must have a valid Social Security number and be permanent US residents or citizens. International students or temporary workers will likely not qualify.

Meeting these eligibility criteria improves the chances your Fortiva® Mastercard® application will be approved. Keep in mind approval is still dependent on assessing your entire credit profile including factors like payment history and current debt balances.

How to Apply

If you think the Fortiva® Mastercard® makes sense for your needs, here is how to apply:

Go to the secure online application
Enter your personal and financial information
Read the terms and conditions carefully
Submit your application

It may take a week or two to receive a decision on your application. If approved, your new card should arrive within 7-10 business days.

Activating Your Card

Once your new credit card arrives in the mail, you’ll need to activate it before making any purchases:

Call the toll-free number on the activation sticker on your card
Provide identification information when prompted
Select a 4-digit PIN
Your card will now be activated and ready to use

Be sure to sign the back of your card immediately and always keep it in a safe, secure place.

Logging In and Managing Your Account

The Fortiva® Mastercard® offers online account access for managing your credit card. Here’s how to log in:

Go to the website
Click on “Card Member Login”
Enter your card number and password
Access your statement activity, make payments, set alerts, and more

If you ever forget your password, you can reset it through the login portal using secure authentication measures.

Tips to Make Payments

There are a few ways to pay your Fortiva® credit card bill:

Set up autopay to have payments automatically deducted from your bank account each month
Pay online via your account login anytime 24/7
Pay by phone using the toll-free number on your statement
Mail payments with the payment coupon to the address listed

Be sure to pay at least the minimum amount due by the monthly due date to avoid late fees. Paying your statement balance in full is ideal to prevent interest charges.

Conclusion

With cash-back rewards, no annual fee, and bad credit approval, the Fortiva® Mastercard® can help those looking to establish or rebuild credit.

Be sure to make payments on time and keep utilization low to benefit the most. Apply today and start earning rewards.