Apply for the Avant Credit Card

The Avant Credit Card is a credit card designed for individuals with fair to poor credit who are looking to build or improve their credit scores.

With a simple and straightforward application process, the Avant Credit Card offers an opportunity for those with less-than-perfect credit to gain access to a revolving line of credit and begin their journey toward better financial health.

The card is issued by WebBank and is accepted wherever Mastercard is accepted, making it a convenient option for those seeking to establish or rebuild their credit history.

Reasons to Choose the Avant Credit Card

Easier Approval for Fair Credit

The Avant Credit Card is designed for individuals with fair credit or limited credit history, making it easier for people who have faced challenges in the past or are new to credit to be approved.

If your credit score falls in the 300 to 650 range, this card can be a good option to start or rebuild your credit.

No Security Deposit Required

Unlike many cards designed for people with poor credit, the Avant Credit Card does not require a security deposit.

This means you don’t need to tie up your money upfront, unlike secured cards where you need to deposit an amount equal to your credit limit.

This can be a significant advantage for those who want to build credit without having to provide a deposit.

Credit Reporting to All Three Major Credit Bureaus

One of the key benefits of the Avant Credit Card is that it reports your account activity to all three major credit bureaus—Equifax, Experian, and TransUnion.

This means that responsible use of the card, such as making timely payments, will help build your credit score.

Conversely, missed payments or high balances could negatively impact your credit score.

Mobile App for Easy Account Management

The Avant Credit Card comes with access to a user-friendly mobile app that allows you to manage your account on the go.

You can make payments, check your balance, review transactions, and track your credit progress all from your smartphone.

This convenience makes it easier to stay on top of your finances and avoid late payments.

Reports to Improve Your Credit Score

Regular, on-time payments are reported to credit bureaus, which can help boost your credit score over time.

For those looking to rebuild their credit or establish a good payment history, this card provides the tools needed to improve creditworthiness.

Just be sure to avoid carrying a balance or missing payments to maximize your benefits.

Negative Factors of the Avant Credit Card

High APR

The Avant Credit Card comes with a relatively high APR, typically ranging from 24.99% to 29.99%, which is higher than many other credit cards, especially those designed for individuals with better credit.

This means if you carry a balance from month to month, interest charges can accumulate quickly, making it expensive to maintain a balance.

For this reason, it’s important to pay off your balance in full each month to avoid costly interest payments.

Annual Fee

While the annual fee is moderate compared to some other cards for fair-credit consumers, it still represents an additional cost to cardholders.

The fee can range from $0 to $59, depending on your creditworthiness, and is charged every year, regardless of how much you use the card.

This fee can reduce the overall value of the card if you’re not able to take full advantage of its benefits.

Limited Rewards Program

Unlike other credit cards that offer robust rewards programs, the Avant Credit Card does not have a rewards structure.

This means you won’t earn cash back, points, or miles for your purchases, which could be a downside if you prefer cards that allow you to earn rewards for your spending.

While the card is more focused on credit-building, those looking for a rewards credit card may want to explore other options.

How to Apply for the Card

Step-by-Step Application Process

Step 1: Research and Compare

Begin by visiting the official Avant website or reputable financial sites to review detailed information about the card’s benefits, terms, and fees.

Comparing it with other credit-building cards can help you decide if it aligns with your financial goals.

Step 2: Access the Application Page

Navigate to the dedicated application page on the Avant website.

This page provides an overview of the card’s features and includes a clear “Apply Now” button that initiates the process.

Step 3: Complete the Online Application

Click on the “Apply Now” button to access the online application form.

You will need to provide:

• Personal Information: Your full name, residential address, date of birth, and Social Security Number (or ITIN).
• Financial Details: Information about your annual income, employment status, and any other relevant financial data.
• Contact Information: A valid phone number and email address to receive updates regarding your application.

Before submitting your application, double-check all the information for accuracy to help avoid any delays during processing.

Step 4: Undergo the Credit Evaluation

After you submit your application, Avant will conduct a credit evaluation, which may include a hard inquiry on your credit report.

This evaluation is designed to assess your creditworthiness and determine your eligibility.

Approval times can vary, and the credit inquiry might have a temporary effect on your credit score.

Step 5: Receive Your Decision and Activate Your Card

Once your application has been reviewed, you will receive an approval decision within minutes or a few days, depending on your credit profile.

If approved, you will receive your Avant Credit Card by mail along with instructions on how to activate it.

Follow the activation steps to start using your card responsibly and building your credit.

Fees and Costs

• Annual Fee: $0 to $59, depending on your creditworthiness
• APR on Purchases: 24.99% to 29.99% (Variable)
• Cash Advance APR: 29.99% (Variable)
• Cash Advance Fee: 5% of the amount (min. $10)
• Foreign Transaction Fee: 3%
• Late Payment Fee: Up to $39
• Returned Payment Fee: Up to $39

Frequently Asked Questions 

Can I use the Avant Credit Card to build my credit?

Yes, the Avant Credit Card reports to all three major credit bureaus, so responsible usage (on-time payments and low credit utilization) can help improve your credit score over time.

What’s the credit limit for the Avant Credit Card?

The credit limit varies depending on your creditworthiness. It may start low, but after responsible usage, you could qualify for a credit limit increase.

Is there a rewards program with the Avant Credit Card?

No, the Avant Credit Card does not offer a rewards program. It’s designed primarily for individuals looking to build or improve their credit.

What happens if I miss a payment?

Missing a payment could result in a late payment fee of up to $39, and it could negatively affect your credit score. It’s important to make your payments on time to avoid these consequences.

The Avant Credit Card is an excellent option for individuals with fair to poor credit looking to build or rebuild their credit score.

With no security deposit required, credit reporting to all three major bureaus, and a moderate annual fee, it offers a straightforward approach to improving your financial standing.

However, the high APR, foreign transaction fees, and lack of rewards may be downsides for some applicants.

For those who want a simple way to establish credit without upfront costs, the Avant Credit Card can be a valuable tool in your credit-building journey.