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This card can help you build credit while earning cash back at the same time

Oct. 13, 2022
5 min read
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Your credit score and the ability to leverage the lending products it may unlock can be powerful wealth-building tools that, unfortunately, aren’t usually available to those with a poor (or limited) credit history. Thankfully, there are options — like the Mission Lane Cash Back Visa® Credit Card — that, with responsible use, can help you rebuild your credit while offering rewards at the same time.

Even better? The Mission Lane Cash Back Visa Credit Card is not a secured card, so it doesn’t require a deposit. This special invitation to prequalify allows cardholders to earn 1.5% cash back on all purchases — and can help get you on the road to improving your credit.

Keep reading to find out if this Mission Lane-branded credit card could be a good option for your wallet.

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Why credit is important

First, a quick primer on why credit is so important. Your credit history can unlock the ability to rent or own a home; may grant access to lines of credit or loans for emergencies, home renovations and large purchases; and can even allow you to earn valuable points and miles from credit cards to travel the world, like we show you how to do here at TPG.

In short, your credit history tells potential lenders how likely you are to pay back your debt. Factors that go into this calculation include your payment history, the age of your oldest credit line, the amount(s) you owe (also called your credit utilization) and more. It’s important to stay on top of your credit, as the ripple effects of poor credit decisions can take years to repair.

NATEE MEEPIAN/EYEEM/GETTY IMAGES

Related: How to check your credit score for free

Luckily, there are ways to help improve your credit — even with fair or minimal credit — and you have the opportunity to do just that with the Mission Lane Cash Back Visa Credit Card.

Mission Lane-branded credit card customers have access to free credit monitoring, reporting to the three major bureaus, a helpful blog on a variety of credit-related topics and higher lines over time — as long as you use your account responsibly and keep it in good standing.

How the Mission Lane card works

The process to check your eligibility for the Mission Lane Cash Back Visa Credit Card is the first item to note. That’s because there’s no hard credit check required to see if you’re eligible for the card — so it won't affect the credit score you may be trying to build (or rebuild). If you're eligible, you'll see your card terms, so you can decide if you want to formally apply for the offer — which will result in a hard pull.

MISSION LANE

The Mission Lane Cash Back Visa Credit Card is an unsecured credit card, meaning that you don’t have to put down a deposit to secure a line of credit. If you keep your account in good standing, this limit may also increase over time, thus strengthening your spending power the longer you keep the card.

Annual membership fees can be $0, $39 or $59, depending on your eligibility — though again, if you're eligible for the card, you'll see this fee reflected before submitting an application.

1.5% cash back

Lots of rewards cards have no annual fee, but the vast majority of those require very good or even excellent credit. This can vary by issuer, but typically that means a minimum credit score in the mid-700s. It’s rare to earn rewards from a card geared towards those with fair credit — until now.

This special off through TPG for the Mission Lane Cash Back Visa Credit Card earns qualified cardholders up to 1.5% cash back on purchases.

This card can present a unique opportunity for those with fair credit to earn rewards while rebuilding and improving their credit.

@NINA_P_V/TWENTY20

Additional resources and tools

But the Mission Lane Cash Back Visa Card doesn’t just help you work toward a higher credit score. Cardholders also have access to tools and resources to teach you about your money through Junction, Mission Lane’s online blog. Junction goes beyond just credit, touching on topics like budgeting and even saving for college.

Articles on Junction cover things like:

  • How to use credit to rebuild your credit.
  • Prioritizing bills and debt.
  • Managing finances when self-employed.

Bottom line

If you’re in the market for a credit card that can help you rebuild your credit and secure your financial future, then you should seriously consider the Mission Lane Cash Back Visa Credit Card.

The card doesn’t require a security deposit and has clear, transparent pricing. You can even check your eligibility and see your card terms without a hard inquiry on your credit report before you formally apply for the card. Lastly, with this special invitation to prequalify, the card earns 1.5% cash back on purchases.

You’re only one step away from taking steps to improve your credit with Mission Lane. Apply today.


The Mission Lane Cash Back Visa Card is issued by Transportation Alliance Bank (TAB Bank).

Building a positive credit history requires keeping your account in good standing, which includes paying on time and using your account responsibly.

Featured image by JACOB LUND/SHUTTERSTOCK

TPG featured card

Best for earning alternative rewards for travel purchases
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review
Apply for Credit One Bank Wander® Card
at Credit One Bank's secure site

Rewards

1 - 10X points
10XEarn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
5XEarn 5x points on eligible travel, dining, and gas
1XEarn 1x points on all other purchases

Intro offer

Earn 10,000 Bonus Points
Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel

Annual Fee

$95

Recommended Credit

Fair/Good
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The revamped Wander Card from Credit One Bank earns cardmembers up to 10 points per dollar spent on eligible travel purchases. With no foreign transaction fees, the card is also great for international travel. However, points earned from this card can only be used at a fixed value, so it may not be the best option for those striving to get maximum value from their rewards.

Pros

  • This card has no foreign transaction fees and earns up to 10 points per dollar on travel purchases through the Credit One Bank travel partner site.

Cons

  • While cardholders can earn a significant amount of points on travel purchases, there isn't any way to redeem points from the Wander Card for maximum value (beyond 1 cent per point).
  • Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel
  • Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site
  • Earn 5x points on eligible travel, dining, and gas
  • Earn 1x points on all other purchases
  • Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Free Online Credit Score and Credit Report summary, terms apply
  • If you are a Covered Borrower under the Military Lending Act, you may get a different offer
  • See Rates & Fees
Apply for Credit One Bank Wander® Card
at Credit One Bank's secure site
Terms & restrictions apply. See rates & fees
Best for earning alternative rewards for travel purchases
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review

Rewards Rate

10XEarn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
5XEarn 5x points on eligible travel, dining, and gas
1XEarn 1x points on all other purchases
  • Intro Offer
    Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel

    Earn 10,000 Bonus Points
  • Annual Fee

    $95
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    Fair/Good

Why We Chose It

The revamped Wander Card from Credit One Bank earns cardmembers up to 10 points per dollar spent on eligible travel purchases. With no foreign transaction fees, the card is also great for international travel. However, points earned from this card can only be used at a fixed value, so it may not be the best option for those striving to get maximum value from their rewards.

Pros

  • This card has no foreign transaction fees and earns up to 10 points per dollar on travel purchases through the Credit One Bank travel partner site.

Cons

  • While cardholders can earn a significant amount of points on travel purchases, there isn't any way to redeem points from the Wander Card for maximum value (beyond 1 cent per point).
  • Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel
  • Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site
  • Earn 5x points on eligible travel, dining, and gas
  • Earn 1x points on all other purchases
  • Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Free Online Credit Score and Credit Report summary, terms apply
  • If you are a Covered Borrower under the Military Lending Act, you may get a different offer
  • See Rates & Fees