Fortiva Retail Credit
Credit Card Review
Card Specifications
- Annual Fee
- $0 - $195
- APR Range
- 29.99% - 36.00% variable
- Recommended Credit Score
- Fair to Bad Credit
Editorial Review
The Fortiva Retail Credit card is designed for consumers with less-than-perfect credit who want access to unsecured credit for online and retail purchases. The card reports payment history to Equifax, Experian, and TransUnion, helping users build credit with responsible use. However, this accessibility comes at a steep price: APRs reach up to 36%, among the highest in the industry, and annual fees can be substantial. The card does offer the possibility of credit limit increases based on payment behavior, and online account management makes it easy to track spending and payments. This card is best for those with very limited options who can commit to paying off balances in full each month to avoid crushing interest charges.
Pros
- •Online account management
- •Reports to all three credit bureaus
- •Offers credit line increases with responsible use
Cons
- •Extremely high APR
- •Significant annual fee potential
- •Primarily for retail/online purchases
Money Matters Verdict
Fortiva Retail Credit is a high-cost option that should be considered only if other credit-building paths are unavailable. Diligent payment discipline is essential to avoid expensive interest charges.
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