Revvi credit card full review
Seeking a credit card that's beneficial for maintaining your credit score? Take a look at our review on the Revvi credit card!
Discover the Benefits of the Revvi Credit Card
The Revvi credit card is a full-featured Visa® card that can help you raise your credit score through on-time payments and responsible usage. What sets the Revvi card apart is its quick and simple application process that does not require good credit.
In addition to helping you improve your credit, the Revvi credit card offers 1% Cash Back Rewards for making timely payments. When you first open the card, you’ll have a $300 initial credit line, which can potentially increase after the first year.
If you want to make an informed decision about whether the Revvi credit card is right for you, continue reading to get all the essential information.
Understanding How the Revvi Credit Card Works
The Revvi credit card is an unsecured credit card that comes with several benefits for cardholders. For example, Revvi Active cardholders have exclusive access to TransUnion’s free Credit Monitoring service. The application process is quick and streamlined, with cardholders receiving a response in seconds.
The Revvi credit card has a $300 credit limit initially, but this limit may be adjusted based on the cardholder’s credit rating. One of the main advantages of the Revvi credit card is its potential to improve credit scores. This can be achieved by consistently paying bills on time and keeping the credit utilization below the limit. After a year, cardholders may also have the option to request a credit limit increase, although there may be a fee associated with it.
Furthermore, the Revvi credit card makes it easy for cardholders to monitor their credit score by providing monthly updates to all three major credit bureaus.
The Revvi credit card is ideal for individuals who:
- Are seeking affordable monthly payments
- Want to boost their credit score through on-time payments and responsible credit utilization
- Desire Visa® protections, including Zero Fraud Liability coverage
- Would like to earn 1% Cash Back Rewards on every card payment
Points to Consider with the Revvi Card
While the Revvi credit card is a great option for those with poor credit, there are some important factors to keep in mind:
- High APRs: This card is not recommended for those who carry balances, as it has a variable purchase APR of 34.99% along with high fees and interest rates.
- Limited credit line
- No rewards bonus
- No introductory APR for purchases
- Balance transfers are not allowed.
Despite these drawbacks, the Revvi card still offers many benefits. However, it’s important to consider these details before making a decision.
Advantages of the Revvi Credit Card
Earn 1% Cash Back on Purchases
In addition to its credit-building features, the Revvi card allows you to earn 1% Cash Back Rewards on your purchases when you make the minimum monthly payment.
What sets Revvi apart is the ability to earn rewards while working on improving your credit score. This makes it a great choice for individuals who want to boost their credit and receive rewards at the same time.
Potential Credit Limit Increases
The Revvi credit card starts with a $300 credit limit (subject to credit approval). While this limit may seem average, Revvi evaluates cardholder accounts after one year. If your credit score has improved during that time, you may be eligible for a credit limit increase, albeit with a 20% fee for the increase.
Building Credit with Revvi
If you’re looking to increase your chances of getting a credit limit increase with Revvi, focus on raising your credit score. Improving your credit score takes time and effort, including consistently paying bills on time and maintaining a low credit utilization rate. The Revvi card can be a valuable tool in this process, offering unsecured credit access to individuals with less-than-perfect credit without requiring a security deposit like secured credit cards.
How to Apply for the Revvi Credit Card
If you’re interested in the Revvi credit card and believe it’s a good fit for you, check out our article on how to apply for the Revvi credit card. We provide comprehensive information to guide you through the application process.
