18.99% - 29.99%
Balance Transfer Fee
If you’re looking to build or rebuild your credit, it is a good idea to choose a card that is simple to use and does not have very many fees. In this scenario, the Best Egg Visa is a solid choice. In addition to having no annual fee, there are no foreign transaction fees or overdraft fees. This makes it easier to get your finances under control without needing to worry about charges adding to your card balance.
The card also provides $0 Visa® Fraud Liability, ensuring protection against unauthorized charges, and users can access their free credit score through Best Egg Financial Health and enjoy robust card controls and customizable alerts. Additionally, cardholders have the opportunity to earn rewards through the Community program.
So, you will need to consider what is more important to you to decide if you prefer simplicity or if rewards are a priority for you.
- Hard Inquiry After Approval
- Minimal Fees
- Adjustable Card Settings
- Zero Fraud Liability
- Add the Card to Your Mobile Wallet
- No Rewards
- No Sign Up Bonus
- No Introductory Rate
- No Balance Transfers
What are card income requirements?
There are no official income requirements, but you will need fair to good credit to qualify. So, while Best Egg will assess your income to check for affordability, it is not the only factor that is considered to obtain approval.
Can I get pre-approved?
You can’t get pre approved for the card, but Best Egg will only pull a hard credit inquiry when you’ve been approved. So, you won’t need to worry about your credit score being impacted simply from applying.
How do I redeem rewards?
This card does not offer rewards.
In this Review
Pros and Cons
Just like any other credit card, the Best Egg Credit Card has some advantages and disadvantages:
Hard Inquiry After Approval
No Sign Up Bonus
Adjustable Card Settings
No Introductory Rate
Zero Fraud Liability
No Balance Transfers
Add the Card to Your Mobile Wallet
One of the potential downsides of applying for a new credit card is that your credit score can be impacted if you’re not approved. However, with Best Egg, you’ll only have a hard inquiry on your credit file if you’re approved for a new card.
In addition to having no annual fee, balance transfer fees or foreign transaction fees, the Best Egg Visa has no overlimit fees.
So, if you slip over your credit limit, you won’t get charged an over limit fee. However, any additional purchases will be denied until you have paid down your balance.
Best Egg allows you to have control over your account and you can adjust your settings as and when you need them. This includes being able to add authorized users, and view detailed spending insights from the app or online banking platform.
This card provides $0 fraud liability, so you’ll only be responsible for the purchases that you’ve authorized. The card is also supported by the Verified by Visa anti fraud tools, so that online transactions are verified to have been authorized by you.
This card is device compatible, so you can have the flexibility to add your Best Egg card to your mobile wallet. This makes it easier to spend securely while you leave your card at home.
This card is designed to help you to build or rebuild credit, but it doesn’t offer any additional incentives. While there are some similar cards that offer at least some form of rewards, this card doesn’t have any.
Unlike many credit cards, there is no welcome bonus or incentive for new customers signing up for the Best Egg Visa credit card. Even a modest sign up bonus would make this card even more appealing.
This point follows on from the previous point, but there is no introductory rate for even a month or two after opening your account. If you’re planning a purchase, you won’t have any breathing space to clear the balance before the regular interest rate kicks in, you’ll start paying interest immediately.
If you’re carrying a balance on another credit card, you won’t be able to move this balance across to your Best Egg card, as balance transfers are not permitted.
Who Should Consider The Best Egg Card?
The Best Egg card is a good option if you are looking to build your credit profile. It reports your credit usage to all the major credit bureaus. Additionally, the card does not require a deposit and you won’t need to worry about an annual fee. While the card is basic on the features, it allows you to concentrate on getting your finances under control and improve your credit.
This card is also a nice option if you have a tendency to slip into overdraft. In addition to having no annual fee, there are no overdraft charges, so you won’t get hit with massive fees if you accidentally overspend. The only thing that will happen is that any subsequent transactions will be declined until you bring your balance back under your credit limit.
If you do travel but still want to compare credit building cards, here's an overview:
1-2% 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter and unlimited 1% cash back on all other purchases
Match Bonus Discover automatically matches the cash back you've earned at the end of your first year, no limits
1.5% 1.5% cash back on payments
1.5% 1% cash back on all purchases, 1.25% after 6 months of on time payments, and 1.5% after 12 months of on time payments
How To Maximize Card Benefits: Tips
This card isn’t packed with features, but there are some tips that can help you to get the most out of your new Best Egg card.
While the Best Egg Visa does have minimal fees, you can still get stung with charges if you make a cash advance. The current fee is 5% or $10 of the cash advance amount, whichever is greater.
This could quickly add up if you tend to make one or more cash advances each month.
When you’re building your credit, it is important that you keep a check on your credit score to see what progress you’re making.
It can also help to highlight effective credit building strategies that you’re employing.
Many cards charge a foreign transaction fee, which can be up to 3%. This can really add up when you’re traveling or on vacation.
However, the Best Egg visa does not have any foreign transaction fees. So, even if you have another card in your wallet, keep this card as your go-to travel card.
This card is designed to help those who don’t have great credit, so providing you have at least fair credit, you should not have a great deal of difficulty getting approved.
The Best Egg Visa is not a good idea if you’re looking for a card that offers some form of rewards. The card does have some nice features, but there are no incentives for making purchases with your card.
The Best Egg card is a basic Visa card and as such it does not offer very many benefits, so you’ll not get free rental car insurance as a perk.