Revvi Card Review 2024: Pros, Cons, Features, and Benefits

A Comprehensive Review of Revvi Card: Pros and Cons, Features, Benefits, Fees, and More

In today’s world, having a good credit score is essential to securing financial stability and access to credit when needed. Unfortunately, many individuals struggle with poor credit scores, which can limit their financial options and cause stress in emergencies. Luckily, there are ways to rebuild and improve your score, and the Revvi Visa Credit Card is one such option. The Revvi Visa Credit Card is an unsecured credit card for individuals with bad scores. It can help cardholders rebuild their credit scores while providing financial assistance.

Discover Revvi Credit Card: This unsecured credit card is designed for people with bad credit who want rewards and need to borrow money for emergencies. It offers a minimum credit of $300 and 1% cash back on all purchases.

Revvi Card Review; Revvi Credit Card Review and Information

What is a Revvi card?

The Revvi Card is an unsecured credit card designed to help people with poor scores rebuild their history. It offers several benefits, such as no security deposit, cash-back rewards on every purchase, starting credit limit increases, an easy and fast application process, and an opportunity to build credit.

MRV Banks issues the card and reports your responsible financial behavior to all three major credit bureaus (TransUnion, Equifax, and Experian), improving your chances of rebuilding credit. It is available to applicants in all 50 U.S. states, including the District of Columbia.

Unlike secured credit cards, which require a cash deposit as collateral, the Revvi Card offers an unsecured line of credit to cardholders. The card doesn’t require a minimum score or a security deposit to qualify, making it an excellent option for people with bad credit or first-time cardholders who can’t make a security deposit.

Facts	Revvi Card
Company Name	MRV Banks
Year Founded	2017
Founders	Unknown
Headquarters	St. Louis, Missouri, USA
Number of Employees	Unknown
Type of Card	Unsecured Visa® Credit Card
Card Network	Visa
Minimum Score	None
Security Deposit	Not Required
Credit Limit	$300 to $2,000
APR	35.99% (Variable)
Annual Fee	$75.00 for the first year After that, $48.00 annually
Program Fee	$95.00 (one-time fee)
Monthly Servicing Fee	None for the first year (introductory) After that, $99.00 annually ($8.25 per month)
Rewards	Cash back on all purchases
Terms	Terms and Conditions (PDF)
Credit Reporting	All three bureaus
Late Payment Fee	Up to $41
Cash Advance Fee	None for the first year (intro APR) After that, either $10.00 or 3% of the amount of each cash advance, whichever is greater
Balance Transfer Fee	None
Foreign Transaction Fee	3%
Fraud Protection	Zero Fraud Liability Protection
Mobile App	Available on Android and iOS
Application	Claim this offer

Pros and Cons, Features and Benefits

The Revvi Credit Card offers cardholders several advantages, features, and benefits. It comes with some disadvantages, too. Here are some of them highlighted below:

Advantages

Here are some of the advantages of using the Revvi Card:

No security deposit required: Unlike most cards for people with poor scores, the Revvi Card doesn’t require a security deposit to qualify. You can apply with bad credit without making a refundable security deposit.
Cashback on purchases: The card offers cash-back rewards on purchases you make with the card. However, you must pay the monthly minimum balance to unlock this benefit. Earning cash back is an excellent way to build credit. (Read: Cash Vs Credit)
Credit limit increases: The card offers a minimum credit line, but cardholders often find their initial credit line insufficient. New cardholders can request an increase in their credit line 12 months after application, subject to credit approval and annual reviews.
Build credit: The Revvi Card reports your responsible financial behavior to all three major credit bureaus, improving your chances of rebuilding credit.
Easy application: This card features an easy and quick application process via a user-friendly online application form. New applicants get a reply in mere seconds.
Accepts poor credit: Since no minimum credit score requirement exists, anyone with not-so-great credit can apply for the Revvi Credit Card. The card issuer notifies you of your approval almost instantly.

Disadvantages

Here are some of the disadvantages of using the Revvi Card:

Numerous fees: The card comes with many fees you wouldn’t find with similar credit-building card options. Aside from having too many fees, the yearly fee is way above the average among new credit card offers, even for one-time program fees. The same goes for a monthly fee.
High APR: Carrying a balance on this card might turn out to be an expensive endeavor due to a high ongoing APR. Even if it’s a variable APR, it’s above the industry average.
You need a checking account to apply: New applicants must have a checking account to apply. The card issuer uses your bank account to verify your finances and personal information. However, once approved, new cardholders must pay an account opening fee.
The credit could be higher: The card accepts people with poor credit, but the company provides a limited maximum credit line. In addition, the first annual fee will be deducted from the limit, leaving you with a small credit amount.

Features

Unsecured credit card with no security deposit required
Credit increases available with good credit behavior
Cash-back rewards on purchases made with the card
User-friendly mobile app for managing card usage

Benefits

Helps users to build credit by reporting to all three major credit bureaus
Cash-back rewards can be redeemed towards statement credits¹ to pay down balances
Easy and fast application process
Greater acceptance odds for those with not-so-good credit
A low credit utilization rate helps to improve credit score
Manageable monthly payments make it easier to pay down balances

Overall, the Revvi Card is a beneficial financial tool for those looking to rebuild their credit, especially those who cannot make a security deposit or need emergency borrowing. With features like starting credit limit increases, cash-back rewards, and benefits like access to credit monitoring and an improved credit score, the Revvi Card can be a valuable asset for those looking to improve their financial standing.

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Hidden Benefits of the Revvi Card

One lesser-known fact about the Revvi Card is that it offers all cardholders free access to TransUnion-powered credit monitoring. This service provides users unlimited access to their credit reports, credit scores, and credit alerts. This feature can be helpful for those looking to rebuild their credit, as it allows them to monitor their credit score and track their progress over time.

Additionally, it reports to all three major credit bureaus (TransUnion, Equifax, and Experian)², which can further help cardholders build their credit history. While this offer has fees and rates, the credit monitoring feature is a valuable benefit not all credit cards offer.

What Makes it Different

Although the card may have a complex fee structure, easy and fast applications and exclusive access to free TransUnion-powered credit monitoring make it stand out. The card allows you to build credit by reporting your on-time payments and low credit utilization to all three credit bureaus. In addition, you can request a credit increase after the first year and get the option to manage monthly payments. Cardholders also get a user-friendly mobile app for managing card usage.

Revvi Card Fees and Rates

Value	Description	Amount
No security deposit required	Unsecured card and doesn’t require a security deposit to qualify	$0
Cash back rewards	$0 in the first year, $8 per month beginning in the second year	Up to 1% cash back
Minimum credit	Offers a minimum credit amount	$300
Credit increase	Cardholders can request a credit increase 12 months after the application	Up to $2,000
Credit reporting	Reports to all three major bureaus (TransUnion, Equifax, and Experian)	Yes
Easy application	Features an easy and quick online application process	Under 5 minutes
Bad credit acceptance	There’s no minimum credit score requirement, and anyone with not good credit can apply	No minimum score requirement
Checking account requirement	New applicants must have a checking account to apply	Yes
Annual fee	It comes with a yearly fee	$75.00 for the first year After that, $48.00 annually
Monthly fee	Charges a monthly fee starting in the second year	$0 in the first year, $8 per month starting in the second year
Credit limit increase fee	There’s a 20% fee for credit increases	20% of the approved credit increase
Express delivery fee	There’s a fee for expedited card delivery	$35
Additional card fee	There’s a fee for an additional card	$29
Cash advance fee	There’s a fee for cash advances	3% of the cash advance amount or $10, whichever is greater
Late payment fee	There’s a fee for late payments	Up to $41
Returned payment fee	There’s a fee for returned payments	Up to $41
High APR	Has a high ongoing APR	35.99% variable
No rewards bonus	Cardholders can earn cash-back rewards on every purchase	N/A

Note: All amounts and percentages are subject to change and may vary based on individual creditworthiness and other factors.

Understanding Revvi Card Fees and Rates

When considering the Revvi Card, it is important to understand the fees and rates associated with the credit card. While the Revvi Card offers benefits such as cash-back rewards and the ability to build credit, it also has several fees that could impact a cardholder’s finances. These fees include an activation fee, an annual fee, a monthly fee (starting the second year), an express delivery fee, a premium plastic card design fee, a cash advance fee, and late payment fees. Additionally, the Revvi Card has a high APR, which could result in expensive interest charges for those who carry a balance. Cardholders must also pay their monthly bills regularly to unlock the card’s cash-back rewards. It is essential to carefully review the fees and rates associated with the Revvi Card before applying to determine if it is the right credit card for your financial situation.

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Revvi Card Reviews and Ratings

Source	Rating	Number of Reviews
Trustpilot	4.6/5	28,765 reviews
Better Business Bureau (BBB)	A+	Accredited, 0 complaints
Apple Store	4.7/5	16.9k ratings
Google Play	4.2/5	4,157 ratings
WalletHub	3.5/5	132 reviews
Credit Karma	4.7/5	76 reviews

Please note that these ratings and reviews are subject to change and should be taken as a snapshot at the time of writing. It is always recommended to do your research and read through various reviews before making any decisions.

What Users Say About Revvi Credit Card

“I am so happy with my Revvi card. It has helped me manage my finances so much better than before. The app is easy to use, and the customer service is great!” – from Trustpilot.

“I love my Revvi card. It has helped me budget my money and save for what I want. The app is user-friendly, and I have had no issues with the card.” – from BBB.

“The Revvi card has been a game-changer for me. I hesitated to switch from my traditional bank account, but I’m glad I did. The app is much better than my old bank’s, and the card has no hidden fees.” – from Apple App Store.

“I’ve been using Revvi card for a few months now, and it has exceeded my expectations. The app is easy to navigate, and I love the cashback rewards program. Highly recommend!” – from Google Play Store.

“I’ve had nothing but positive experiences with Revvi credit card. The customer service is top-notch, and the app is intuitive and user-friendly. I recommend it to anyone looking for a new banking alternative.” – from NerdWallet.

“Revvi card has helped me get my finances back on track. I struggled with debt, and the app’s budgeting tools helped me handle my spending. Highly recommend!” – from Credit Karma.

How to Apply for a Revvi Card?

To apply for a Revvi Credit Card, follow these steps:

Click “Apply Now” or “Claim this offer” to land on the application page.
Fill out the application form with your personal information, including your name, address, social security number, and employment information.
Submit the application form and wait for a decision. Revvi will review your application and determine your eligibility for a card.
You will receive your Revvi Card in the mail within 14 business days if approved. Once you receive it, you must activate it before you can use it.

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Note that the Revvi Card is only available to US residents, and you must be at least 18 years old to apply. The application process may require a credit check, and Revvi may request additional information from you before deciding.

How Revvi Card Compares to Other Similar Offers

Chime vs. Revvi

Revvi and Chime are digital banking options with no monthly fees, minimum balance requirements, and free ATM access. However, while Chime offers both, Revvi Card does not provide overdraft protection or a savings account feature. Chime also has a more extensive ATM network than Revvi. On the other hand, Revvi has a cashback rewards program for eligible purchases, while Chime does not. Additionally, Chime offers early direct deposit for its customers, while Revvi does not have this feature. Both options have mobile apps allowing easy account management and virtual card options for added security. The choice between the Revvi Card and the Chime Visa Debit Card will depend on individual preferences and banking needs.

Go2Bank vs Revvi

Revvi and Go2Bank are online banking solutions, but some differences exist. Revvi focuses on providing a credit-building platform, while Go2Bank offers traditional banking services emphasizing convenience. Both offer mobile banking apps and budgeting tools, but Revvi is geared more toward those with lower credit scores or no credit history, while Go2Bank provides a broader range of services for all types of customers. Additionally, Go2Bank offers access to thousands of free ATMs, while Revvi Card has a smaller network of fee-free ATMs. Overall, it depends on what type of banking services and features you seek in an online bank.

SoFiMoney vs Revvi

Revvi and SoFi Money are digital banking options that provide users with a suite of financial services. While Revvi offers cashback rewards, SoFi Money offers higher interest rates on their accounts. Both options provide free ATM withdrawals. Revvi charges monthly maintenance fees. However, Revvi has a lower minimum balance requirement to avoid fees than the SoFi Money World Money Debit Card. SoFi Money offers investment options through their app, while Revvi Card does not. Both options have unique features that cater to different financial needs and preferences.

Extra Debit Card vs Revvi Card

Revvi and Extra Debit Card are both online banking options that offer debit cards. While the Revvi Card provides a more comprehensive banking experience with features such as cashback rewards, early direct deposit, and no minimum balance requirements, the Extra Debit Card is a more straightforward option with fewer bells and whistles. Extra offers free ATM withdrawals at over 55,000 locations and a simple, easy-to-use mobile app for managing your account. However, Revvi’s rewards program and other benefits may make it a more attractive option for those who want to get more out of their online banking experience. Choosing between these two options may be your specific banking needs and preferences.

Total Visa vs. Revvi Visa

The Total Visa and the Revvi are unsecured credit cards designed for people with poor credit. The Total Visa Credit Card offers a credit line of up to $300 with an APR of 34.99%, the same as Revvi. Both offers charge an annual fee. The Revvi may be a better option for those looking for a slightly lower APR, but the Total Visa may be a good choice for those needing higher credit.

Revvi Card Customer Service and Contact Information

Contact Method	Details
Phone	1-833-333-0785
Email	support@revvi.com
Live Chat	Available on the Revvi website
Mailing Address	Revvi, P.O. Box 173842, Tampa, FL 33672-3842
Social Media	Twitter: @RevviCard, Facebook: @RevviCard

Conclusion

The Revvi Card is an excellent option for individuals with poor credit who want to earn rewards while building their credit. With no deposit required and a minimum credit amount of $300, this unsecured credit card is an accessible option for many. The 1% cash back on all purchases after paying the card’s bill is a great incentive to use the card responsibly.

Although there are some downsides to consider, such as the lack of a mobile app and the potential for high APRs and fees, the Revvi Card is a solid choice for those looking to improve their credit score and earn rewards. With responsible use, this card can be a valuable tool for individuals looking to build a brighter financial future.

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Frequently Asked Questions

Is Revvi an actual credit card?

Yes, Revvi is an actual credit card. It is an unsecured credit card designed for people with bad credit who want to earn rewards and borrow money for emergencies. Cardholders can earn 1% cash back on all purchases, and no deposit is required, with a minimum credit limit of $300.

Can I use my Revvi card right away?

Revvi Card cannot be used immediately after approval. It does not provide virtual card numbers or disclose the card number before it arrives. Upon approval, the card usually arrives within 14 business days, which needs activation before use.

Is Revvi credit card legit?

Yes, Revvi Card is a legitimate credit card issued by MRV Banks pursuant to a license from Visa U.S.A Inc. The card is designed for individuals with less-than-perfect credit and provides an opportunity to build credit while earning rewards. With no security deposit required and a $300 minimum credit limit, this card can be a useful tool for those looking to improve their credit score. However, like any credit card, it’s important to use the Revvi Card responsibly and make on-time payments to avoid fees and interest charges.

Why is my Revvi card declining?

If your Revvi card is declining, there could be a few reasons why this is happening. The most common reason is that you do not have enough funds available in your account to cover the purchase. Make sure to check your account balance to ensure that you have enough money to cover the transaction.u003cbru003eAnother reason your card may be declining is due to fraud prevention measures put in place by Revvi. If there is a suspicious transaction, Revvi may decline the purchase to prevent potential fraud. In this case, you should contact customer service to resolve the issue.u003cbru003eFinally, it’s possible that there could be an issue with the merchant or the terminal where you are trying to make the purchase. You should try using your card at another location or merchant to see if the issue persists. If it does, then you should contact customer service to investigate the issue further.

How do I activate my Revvi card?

To activate your card, you can call the customer service number provided with it or activate it online through the Revvi website. If you choose to activate it online, you must log into your account and follow the instructions. You may also be required to verify your identity before activating the card. Once the card is activated, you can use it to purchase and earn cashback rewards.

Reference Index

“What is a statement credit, and how can you take advantage of it?” CNBC
“Credit Reports and Score,” USA.gov