The 3 best Genesis FS credit cards of 2022 (2024)

The Genesis FS Destiny Mastercard credit card is one solution for people with bad-to-poor credit looking to build a better credit profile. First, Electronic Bank issues the credit card. Depending on your credit history and other criteria, you can get approved for a $300–$700 unsecured credit limit on the Destiny Genesis FS credit card.

This credit card comes with an annual fee, and you may also have to pay a monthly fee, which is considered set up and maintenance fees. Even if you charge nothing on the card, you'll still be responsible for paying these fees as long as the account remains active.

Your fee amounts and APR vary by the cardholder agreement you're approved for. If you're approved for a $300 Destiny Mastercard, your annual fee billed the first year and each year after is $35 or $59. You may also get approved with a $75 initial annual fee and then $99 each year after. The APR for this card is 24.9% or 29.9%, and the cash advance APR is 29.9% for all Genesis FS Destiny Mastercard credit cards with a $300 credit limit.

If you're approved for a $500 Destiny Mastercard credit limit, the annual and yearly fees are either $59 or $125. You could also be approved for a card with an initial annual fee of $125 and $49 each year after, plus a monthly fee of $10.40 after the first year, which amounts to $124.80 annually. The APR for cash advance and purchases are 29.9% or 35.9%, depending on your cardholder agreement.

The Destiny Mastercard also comes with a $700 credit limit, which comes with a 35.9% cash advance and an interest rate of 35.9%. This card comes with an annual fee of $175 for the first year and $49 each year after, plus a $150 annual fee billed monthly at $12.50 per month.

Pros:

• Almost anyone can be approved
• Approval up to $700 credit limit
• Unsecured credit card
• Can pre-qualify without affecting credit score
• Low foreign transaction fee of 1%

Cons:

• High annual fee
• Separate monthly maintenance fee on certain cardholder agreements
• No intro bonus
• No other perks or benefits

• High APR

The Genesis FS Milestone Gold Mastercard is issued by The Bank of Missouri and offers up to a $1,000 credit limit for those who qualify. Like the other Genesis Mastercards, the Milestone Gold has different cardholder agreements depending on your credit history and other qualifying data.

For those approved for a $300 credit limit, there are several cardholder agreements. You could qualify for a $300 credit limit with an annual and yearly recurring maintenance fee of $35 or $59. Another option could be a $75 initial annual fee with a $99 annual fee each year after. Each card comes with either a 24.9% or 29.9% APR for interest and cash advances. There is also a cardholder agreement with a 35.9% APR with a $75 initial annual fee and $49 each year after, plus a monthly maintenance fee of $8.25 per month billed after the first year, which totals $99 per year.

The Milestone Gold Mastercard also comes with a $500 credit limit with various cardholder agreements. You may be approved with a $59 annual and yearly fee each year after, with either a 24.9% or 29.9% APR and a 29.9% cash advance APR. This card also comes with a 29.9% APR with $75 initial annual fee and $99 annual fee each year after, or a $125 annual fee starting in year one. A $500 credit limit may also come with a $125 first year annual fee and $49 due each year after, plus a monthly fee of $10.40 billed per month for maintenance, totaling $124.80 per year. This cardholder agreement comes with either a 29.9% or 35.9% APR with a matching cash advance APR.

If you qualify for a $700 credit limit on the Milestone Gold Mastercard, you could be approved for one of three cardholder agreements. This credit limit comes with either a $35 yearly annual fee or a $75 first year annual fee and $99 each year after with a 29.9% purchase and cash advance APR. If your credit score is lower, you may qualify for a 35.9% APR with a $175 first year annual fee and $49 each year after, plus a $150 annual maintenance fee billed monthly at $12.50.

The Milestone Gold Mastercard also comes with a $1,000 credit limit for those who qualify. This credit limit features a $74 annual fee for the first year and $99 each year after, plus a 29.9% cash advance and purchase APR.

Pros:

• Most with bad or poor credit approved
• Pre-qualifying will not affect credit score
• Can be approved for up to $1,000 credit limit
• Potential for no monthly maintenance fee
• Unsecured credit card
• 1% foreign transaction fee

Cons:

• May have monthly maintenance fees
• May receive high first-year annual fee, reducing purchase power
• High APR
• Highest fees for a low credit limit
• May not qualify with bad credit

Celtic Bank issues the Genesis FS Indigo Mastercard. This Genesis FS credit card has the best terms of the three, which typically means you have to have a better credit profile to be approved. You can be approved for a $300 - $1,000 credit limit with the Indigo Mastercard, and some consumers may qualify for no monthly fee and low APR.

There are several cardholder agreements you could qualify for with a $300 credit limit. You could be eligible for no annual or monthly maintenance fee with a 24.9% APR and 29.9% cash advance APR. This credit card also comes with an annual fee of $49 or $59 each year and either a 24.9% or 29.9% purchase APR with a 29.9% cash advance APR. The $300 credit limit also comes with a cardholder agreement for a $75 annual fee and $99 each year after, with either a 9.9%, 19.9%, 24.9%, or 29.9% APR.

The $500 credit limit comes with one of three cardholder agreements. You might qualify for a $59 annual fee with either a 24.9% or 29.9% APR and a 29.9% cash advance APR or a $125 annual fee with a 29.9% cash advance and purchase APR.

The Indigo Mastercard also comes with a $700 or $1,000 credit limit with a $59 annual fee and 29.9% cash advance and purchase APR.

Pros:

• The high potential credit limit
• No monthly fee
• Potential for a low APR of 9.9%
• Unsecured credit card
• 1% foreign transaction fee
• Pre-qualifying won't affect your credit score

Cons

• Those with bad credit may not qualify
• Terms are cumbersome with low credit limit
• Some credit limits come with high APR
• No intro bonus
• No perks or benefits

The best Genesis FS credit card is the Genesis FS Destiny Mastercard. But it also depends on your credit score and financial history. With various cardholder agreements for each credit card, most consumers with bad or poor credit can qualify. Genesis FS offers the option to pre-qualify without affecting your credit score, so you can find out what terms you qualify for before you apply, which will then show up on your credit report as a hard inquiry.

*May also include monthly maintenance fees.

When deciding the right credit card for you from Genesis FS, consider the three options: Destiny, Milestone Gold, or Indigo Mastercard. Each card comes with its own credit limit and terms, including annual and monthly maintenance fees, cash advance and purchase APRs.

The Destiny Mastercard comes with the lowest credit limit and highest APR and fee terms, so may be best suited for someone with bad credit. The Milestone Gold and Indigo Genesis FS credit cards come with more favorable terms, such as lower APRs and fees, and a credit limit of up to $1,000 for those who qualify.

If you're unsure which Genesis FS credit card is right for you, consider getting pre-qualified. You'll be able to see which card, credit limit, and terms you qualify for without impacting your credit score. Once you've decided which card fits your needs, apply for it. Don't forget that the annual and monthly maintenance fees lower your available credit limit, so plan purchases accordingly so you don't get hit with an overlimit fee.

There are many criteria used to choose these credit cards, including:

• APR: The annual percentage rate, or APR, is the amount of interest you pay on purchases made with the Genesis FS credit card. Your APR can range from 24.9% – 35.9%, depending on which card you get approved for. There is also a separate cash advance APR that you will pay if you take a cash advance against the credit limit of the credit card.
• Benefits: Credit cards will often have benefits attached to the card you can use to enhance your experience. This can include balance transfers from another credit card, sign up bonuses, and earning points or miles that can be used for travel, shopping, and merchandise. The Genesis FS credit cards do not come with benefits at this time.
  
• Fees: There can be several types of fees you are responsible for when you agree to a credit card plan. Annual fees, cash advance, foreign transactions, late payment, overlimits, and returned payment fees can be assessed to your Genesis FS credit card account. Make sure to read your card agreement details to understand which fees and the amounts that apply to you.
  

If you don't find a Genesis FS credit card that is the right fit, you can also consider:

• Capital One Platinum Credit Card:This credit card is for those looking to build good credit. It doesn't have an annual fee like the Genesis FS cards do unless you qualify for a no-fee Indigo credit card.
• Discover it® Secured Credit Card:The Discover It card requires collateral or a deposit for approval but doesn't have an annual fee. You can also earn cashback on everyday purchases.