Revvi Card Review 2024 | AP Buyline Personal Finance


in short

The REVVI VISA® Credit Card is a cash back rewards Visa card suitable for applicants with average credit history.

  • Revvi offers unlimited 1% cash back on all purchases, making it stand out in the bad credit card category.
  • It's important to consider that this card's high interest rate and fees are high compared to alternatives for this type of card.

Revvi Visa® Credit Card

annual fee

$75.00 first year, $48.00 thereafter*

pros and cons

If you're on the fence about the Revvi card, consider these pros and cons:

advantage:

  • Get a credit card without a good credit score.
  • Earn 1% cash back on purchases.
  • Benefits to help you build credit.

shortcoming:

  • High interest rates and fees.
  • There are no travel insurance or purchase protection benefits.

Who is Revvi Credit Card suitable for?

The Revvi Card is designed for users who want to get a credit card with bad credit or a weak credit history. Borrowers with bad credit often don't qualify for many credit cards, which limits their ability to improve their credit scores. Revvi will still consider your credit history, but will accept applicants with less than ideal credit.

related: How to Fix Your Credit Score in 10 Simple Steps

As long as your account is in good standing, you'll earn 1% cash back on all purchases. For example, someone who uses the card to make $20,000 in purchases per year, which averages about $1,667 per month, could earn $200 in cash back that year.

However, rates and fees have significant downsides. As of November 26, 2023, the annual interest rate is 35.99%, which is higher than most other cards. The cost is $95 for new users, $75 for the first year, $48 for each year thereafter, and monthly service fees of $99 per year, or $8.25 per month. That means you'll pay about $150 to $175 per year, which is a lot of money for a card that only pays out 1% cash back rewards.

Revvi Card Benefits

As a card designed specifically for those with bad credit, it provides useful tools to help you achieve a good credit score.

Not a security card

Many cards for low-credit applicants require a security deposit equal to your credit limit. This is a real credit card with no deposit requirements.

Report monthly to all three major credit bureaus

While many credit cards report monthly activity to only one credit bureau, Revvi reports to all three: Equifax, TransUnion, and Experian. This can help you establish credit with all three bureaus, any of which can be used for future credit applications. Keeping your balance low and paying at least the minimum amount by your monthly due date can help improve your credit score.

Free credit monitoring

Credit monitoring alerts you to activity on your credit report, including fraud and other negative information. Constantly evaluating your credit report can help you make sure it's heading in the right direction. Offers credit monitoring through partnership with TransUnion.

related: What is credit monitoring?

Revvi Rewards and Bonuses

The Revvi Card's rewards program is a simple cash back feature where you can earn 1% back on all standard purchases. The account must be in good standing to redeem rewards. Rewards are earned in the form of points and redeemed for statement points, which lower your outstanding balance.

If you shop $15,000 to $17,500 a year, your income will be enough to cover the card's fees. Any extra income can help you save on regular purchases.

How to get the most out of your Revvi card

To get the most out of your Revvi card, use it sparingly and be sure to pay off your balance in full by the monthly due date. If you pay off the card in full each month, you won't owe any interest.

Because of the high interest rates and fees, you may not want to keep this card forever. If you can use it to correct past credit mistakes and build a good credit history, you may qualify for a better cash back card with no annual fee.

Alternatives to Revvi Card

If you are looking for another card as an alternative to the Revvi card, consider these cards.

Chasing unlimited freedom

Chasing Freedom®

credit score

Credit score required

This card offers substantial cash back earnings for certain categories, which is unusual for a card with no annual fee.

this Card name If you have better credit, a card may be a good choice. It offers premium cash back rewards with no annual fee. But if your credit score is below 670, you may not qualify.

Chime Credit Builder Secured Visa Credit Card

Chime Credit Builder Visa® Credit Card

credit score

Credit score required

this [Chime(R) Credit Builder Secured Credit Builder Visa(R) Card](https://secure.money.com/pr/x862a0945b85) No credit check required, and there are no interest or annual fees. Like other secured credit cards, you must have money in your card account to make purchases, but unlike other secured credit cards, the money comes from your Chime Checking account. Of course, you must have a Chime Checking account to get this card.

Capital One Quicksilver Guaranteed Cash Rewards Card

Capital One Quicksilver Secured Cash Rewards Credit Card

credit score

Credit score required

this Card name is a traditional secured credit card, and unlike the Chime card, you don't need to open a checking account with Capital One to get it. Earn 1.5% cash back with no annual fee, but a security deposit is required. After using it responsibly, you can upgrade to an unsecured credit card.

AP Buyline Roundup: A Reasonable Choice for Building Credit

If you have some bad records on your credit report, a Revvi card may be a reasonable option to get your credit score back in order. Be sure to pay off your balance in full each month to avoid high interest rates and be aware of expensive annual fees. If you can live with the fees, you may want to use a Revvi card to rebuild your credit.



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