Credit Cards » Credit Card Reviews » Fortiva Credit Card Review 2023
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Fortiva Credit Card Review 2024

While the Fortiva card has some benefits for those who need to build credit, the fees are very high compared to other secured cards
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Fortiva Credit Card

Fortiva Credit Card

Rewards Plan

None None

Welcome Bonus

None None

Credit Rating

Poor – Fair

0% Intro

N/A

Annual Fee

$85-$175 for the first year, $29-$49 annually thereafter

APR

29.99% – 36.00%
Fortiva Credit Card

Fortiva Credit Card

Rewards Plan

None None

Welcome Bonus

None None

0% Intro

N/A

PROS

CONS

APR

29.99% - 36.00%

Annual Fee

$85-$175 for the first year, $29-$49 annually thereafter

Balance Transfer Fee

3%

Credit Requirements

Poor - Fair

There are a number of credit cards on the market that are designed for those with poor credit, and the Fortiva credit card is a reasonable option. While the potential fees are high, particularly the annual fee, you don’t need to pay a deposit as you would with a secured card. It is also nice that you can receive cash back on your purchases.

However, there are other card options that offer similar benefits with no annual fee. So, if you are interested in building your credit, it may be worthwhile shopping around and don’t assume that the Fortive credit card is your best option.

  • Free Access to Your Credit Score
  • Reports Major Credit Bureaus
  • Periodic Credit Limit Increase Reviews
  • $0 Fraud Liability Guarantee
  • Credit Protection
  • High Annual Fee
  • No Introductory APR
  • No rewards or Welcome Bonus
  • Annual Maintenance Fee

What are card income requirements?

There are no official income requirements, but Fortiva will evaluate your income along with other financial circumstances to determine your credit limit and annual fee.

Can I get pre-approved?

Fortiva does offer pre approval, but it tends to be reserved for those who are responding to an offer for the card. So, you may receive a mailer or other promotional material offering pre approval.

How do I redeem rewards?

Unfortunately, Fortiva doesn't offer rewards or bonuses for cardholders. 

In this Review

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Milestone® Mastercard®

Annual Fee:
$175 the first year; $49 thereafter
APR:
35.90%

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Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

Milestone® Mastercard®

Annual Fee:
$175 the first year; $49 thereafter
APR:
35.90%
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Pros and Cons

Similar to other credit cards on the market, the Fortiva card has its own set of pros and cons

Pros
Cons
Free Access to Your Credit Score
High Annual Fee
Reports to All Three Major Credit Bureaus
Annual Maintenance Fee
Periodic Credit Limit Increase Reviews
No Introductory APR
$0 Fraud Liability Guarantee
No rewards or Welcome Bonus
Credit Protection

Your FICO score will be printed on each of your monthly statements. You can also access your score at any time via the website or app.

This makes it easier to see how your actions are impacting your score, which is particularly important if you are taking steps to build or rebuild your credit.

While there are a number of credit cards designed for those with poor credit, you do need to watch out for whether they report to all three of the major credit bureaus. There are some cards that only report to one or two bureaus, which is not efficient for building your credit score.

Fortunately, the Fortiva credit card reports your payment activity to all three, which is crucial for your ongoing credit building journey.

As a Fortiva cardholder, you will have periodic reviews for a credit limit increase. This can help to increase your credit score, as your credit utilization ratio will be lowered, since you’ll have more available credit. The credit limit on this card can be as high as $2,000, depending on your eligibility.

The review may also provide an opportunity to graduate to a different product or access fee reductions.

Fortiva credit cardholders can benefit from an optional credit protection program. This covers the minimum payments owed up to six months should you become disabled, unemployed or hospitalized. Should you lose your life, this program will cancel all or a portion of the outstanding debt up to the policy limit.

This is a paid option, with the current cost of 89 cents per $100 in outstanding balance.

Depending on the specific terms offered, the Fortiva credit card has some potentially hefty fees. Its annual fee could be as much as $175, which is very high for credit building cards.

Additionally, late payment fees, authorized user fees and more can quickly add up the costs of your new card.

The annual maintenance fee varies based on your creditworthiness, ranging from $60 to $159 per year for account maintenance. This makes the card very expensive overall.

Since this is a card aimed at helping people to retake control of their finances, it is surprising that it does not offer an introductory APR for balance transfers to the account.

There are other United cards that offer both rewards and welcome bonuses for less-than-perfect credit customers.

In this case, Fortive cardholders are not eligible either for rewards or welcome bonuses.

This is a fairly standard feature, but it is still reassuring to know that you’ll not be held responsible for any unauthorized or fraudulent transactions on your account.

Fortiva will also send notifications to your mobile device for any purchases to the account. This provides an instant alert to any transactions you didn’t authorize.

Is the Fortive Credit Card Right for You?

This card is designed for those who have poor credit and would struggle to qualify for another type of card. The card features provided have been collated to provide a toolkit to aid those on a credit-building journey. This includes access to FICO scores, reporting to all three credit bureaus, and periodic credit limit increase reviews.

The card could also be a good option for those who have less-than-ideal credit, but don’t want to pay a deposit for a secured credit card. If you still want to compare credit-building cards, here's an overview:

Card
Rewards
Bonus
Annual Fee

Discover It Secured review

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
Cashback Match™ Discover will match all the cash back you’ve earned at the end of your first year.
$0

chime card

None
None
$0

capital_one_secured_mastercard

N/A
N/A
$0

Upgrade_CashRewards card

1.5% 1.5% cash back on payments
$200
$0

Petal 2 Visa card Review

1.5% – 10% Earn 2% – 10% cash back at select local and national merchants. Up to 1.5% on everyday purchases
None
$0

Tips for Using the Fortiva Card

Building or rebuilding your credit can be a challenge and when used to its full value, the Fortiva credit card could help. So, here are a few tips to help you get the most from this card.

This is a good strategy with all credit cards, but it is particularly important since the APR is quite high on the Fortiva card.

Bear in mind that the annual fee will be billed to the card, so you should plan to pay this off immediately so you don’t pay interest charges on the fee.

Although it may be tempting to splash out on a larger purchase if you get a credit limit increase, avoid this. A credit limit increase will improve your credit utilization ratio, as you’ll have more available credit.

One of the main advantages of this card is that you can have free access to your FICO score. Monitoring your score can be a great motivator when you are feeling a little down about your credit score journey.

You can watch for positive changes to your score that are a direct result of your actions.

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Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

FAQs

The Fortiva credit card is available to those with poor or bad credit, so there should be no difficulty getting the card.

Just bear in mind that your financial circumstances will be used to determine your credit limit, annual fee and other terms upon approval.

This card may not be a good idea if you don’t want to pay an annual fee. Although there are lower annual fee options, these are determined by your credit profile and card limit.

So, it is worth researching poor credit cards that have little or no annual fee, while still offering rewards and credit building benefits.

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Rewards Plan:
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Welcome Bonus:
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Welcome Bonus:
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Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
50,000 miles 50,000 bonus miles after you spend $3,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
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Welcome Bonus:
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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.