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The Mission Lane Visa® is an unsecured credit card—meaning that it doesn’t require a security deposit—which is designed for people who want to build credit. It normally charges an annual fee, which can be as high as $75.
The Mission Lane Visa® is an unsecured credit card for people who want to improve their credit or establish a borrowing history. It’s good for credit building, as it reports to all three major credit bureaus and provides free credit scores to help you monitor your credit-building progress.
Like many similar credit cards, it has a high purchase APR (19.49%–29.99% variable) and a similarly high cash advance APR (27.74%–29.99% variable). It also charges potentially high annual fees of $0–$75, along with foreign transaction fees and cash advance fees.
Overall, the Mission Lane Visa® is fairly typical of credit cards for credit building and has no standout features to recommend it. As you can be pre-approved for this card without hurting your credit score, you may as well apply to see whether Mission Lane will offer you a lower interest rate, cheaper annual fee, and/or a higher credit limit than other cards you’re considering.
Mission Lane Visa® Important Details
Basic Card Details
- Credit card issuer: Transportation Alliance Bank, Inc.
- Regular APR: 19.49%–29.99% (variable)
- Annual fee: $0–$75
- Grace period: 23 days
- Initial credit limit: $300+
- Credit limit increases are available.
- Cash advances are available (but only for up to 25% of your credit limit).
- Foreign transactions are available.
- Balance transfers are not available.
- Credit reporting to three bureaus.
- Free credit scores for account holders.
- Roadside dispatch as a cardholder benefit (emergency roadside assistance with services like towing, fuel delivery, and more).
- Zero fraud liability.
- Emergency assistance for lost or stolen cards.
- Fraud and identity theft protection (including monitoring of your credit report for major changes and of the dark web for any fraudulent use of your personal information).
Mission Lane Visa® Feature Breakdown
- Annual fee: $0–$75
- Cash advance fee: $10 or 3% (whichever is greater)
- Foreign transaction fee: 3%
- Late/returned payment fee: Up to $35
- Over-limit fee: None
- Regular APR: 19.49%–29.99% (variable)
- Cash advance APR: 27.74%–29.99% (variable)
- Minimum interest charge: $0.50
If you have a Mission Lane Visa® and you don’t pay your credit card balance in full each month, you’ll be charged interest. The interest you’ll pay each year depends on your credit card’s APR (“annual percentage rate”).
The Mission Lane Visa® Credit Card gives you a 23-day grace period (beginning on the first day of the new billing cycle). The grace period allows you time to pay your bills in full without racking up any interest charges.
If you pay off your balance in full by the due date, your purchases during the grace period won’t accumulate interest. However, if you carry a balance from previous billing cycles, you’ll be charged interest on purchases you make to your card during the grace period.
The Mission Lane Visa® credit card doesn’t give you any rewards.
Many rewards cards aren’t available to applicants with poor credit or limited credit histories. However, cards with cash back and rewards points do exist for borrowers with lower credit scores. So if rewards are important to you, keep researching to find the right card.
In terms of benefits, the Mission Lane Visa® offers the following:
- Free credit scores: Mission Lane doesn’t specify which type of credit score they’ll give you with your Mission Lane Visa®. However, when cards for credit building give you free credit scores, they’re often VantageScore 3.0 credit scores.
- Zero fraud liability protection: This means that you won’t have to pay for any purchases on your card that you haven’t authorized (e.g., if your card gets lost or stolen).
- Assistance for lost or stolen cards: This lets you report your card lost or stolen and get emergency card replacements. You can also ask for emergency cash advances.
- ID theft protection: This gives you fraud and ID theft protection including dark web monitoring (to check for fraudulent use of your personal information) and one-bureau credit monitoring (to alert you of important changes to your credit report).
- Roadside dispatch: This provides access to a pay-per-use emergency roadside assistance program (e.g., for towing or fuel delivery).
A credit card cash advance is when you use your credit card to withdraw money from an ATM. Cash advances are allowed on the Mission Lane Visa® credit card, but only for up to 25% of your total credit limit. For example, if you have a credit limit of $400, you can only take out $100 through a cash advance before you have to start repaying the money you’ve withdrawn.
The Mission Lane Visa® credit card also has a cash advance fee, which is either $10 or 3% of the amount of each advance—whichever is greater. The cash advance APR is 27.74%–29.99%.
Given the high fees and APR and low cash advance limit, we recommend avoiding cash advances on a Mission Lane Visa® unless absolutely necessary.
Initially, the Mission Lane Visa® will give you a credit limit of $300 or more. You’ll also get opportunities for credit limit increases.
Credit Limit Increases
According to the Mission Lane Visa® website, you’ll be able to increase your Mission Lane Visa® credit line if you make your first six payments on time and your account is in good standing.
Credit reporting is an important part of building credit, as your credit report is based on the information your lenders send to the credit bureaus.
Lenders aren’t legally required to report your credit history; many report to only one or two of the major credit bureaus, if any. Fortunately, the Mission Lane Visa® credit card reports to all three major credit bureaus (Experian, Equifax, and TransUnion), helping you to improve your credit score quickly.
Because the Mission Lane Visa® reports to all three major credit bureaus, it’s great for credit building. However, you must keep up with your monthly payments to benefit your credit score. Your credit will suffer if your payments are late or missed.
Credit Score Requirements
The Mission Lane Visa® card is marketed as a way to build credit. Visa says that the card is appropriate for holders of poor credit or people wanting to rebuild credit. FICO scores under 580 are considered to be “bad” or “poor,” so even if your score is lower than this, you still may be eligible for the Mission Lane Visa®.
Application and Approval
You can apply for a Mission Lane Visa® Credit Card:
- By applying online: Go to the Mission Lane Visa® website, and click “See if I’ll Be Approved” to prequalify. This won’t affect your credit score.
- By responding to a preapproval offer online: If you’ve received a preselected Mission Lane Visa® offer by mail, you can respond by visiting the Mission Lane Visa® website and entering your personal offer code.
When you apply for the Mission Lane Visa®, you’ll have to give the following information:
- Your street address
- Your Social Security number
- Information about your income
- A working phone number where you can get calls or texts (no toll-free numbers)
- A working email address
In some cases, you may have to provide documents to verify your income. This may include W2s, 1099s, pay stubs, or benefits documents. You can upload these documents onto the Mission Lane Visa® website.
The Mission Lane Visa® issuer claims that it’ll give you an instant decision about your application. However, if the decision takes longer, you can sign in to your account online to check the status of your application.
Once Mission Lane Visa® approves your application, your new card should be in the mail within 10–14 business days.
Managing Your Account
As well as making payments online, you can mail payments to Mission Lane.
Mission Lane LLC
PO Box 23075
Columbus, GA 31902-3075
Overnight payment address:
C/O Remittance Processing
Attn: Mission Lane
1137 1st Avenue
Columbus, GA 31901-2403
If you need help with your Mission Lane Visa® credit card, you can contact customer service by calling the number on the back of your card.
If you haven’t yet received and activated your card, or if you have questions about your application, you can call (855) 570-3732 (Monday through Friday 9 am–8 pm Eastern time).
Alternatively, you can send Mission Lane a message online, or write to:
Mission Lane LLC
PO Box 105286
Atlanta, GA 30348
Lost or Stolen Cards
If your Mission Lane Visa® credit card is lost or stolen, or if you notice something that looks like unauthorized use of your card, call (855) 790-8860 to report it.
Should You Get the Mission Lane Visa® Credit Card?
The Mission Lane Visa® isn’t the worst card out there for credit building, but—with potentially expensive annual fees, no rewards, and very little in the way of benefits—it certainly isn’t the best. You can find cheaper, more favorable credit cards even if your credit is far from ideal.
Before you consider the Mission Lane Visa®, we’d recommend checking out some other credit cards available for your credit score range, including:
Note that secured cards require a security deposit, and the size of this deposit will often determine your initial credit limit. While secured cards can sometimes be more expensive than the Mission Lane Visa® in the short term, if you can find secured cards with cheaper fees and/or interest rates, they’ll likely cost you less in the long term.
Who is this card for?
- Credit card applicants who want speedy processing: One advantage of the Mission Lane Visa® is the quick application process. Mission Lane claims that you can get an instant response to your application, so you won’t need to wait around to find out whether you’re approved.
- Poor credit score holders who don’t want to pay a deposit: If you need a credit card as a way to get a short-term loan, the Mission Lane Visa® is one solution (albeit not the best one). However, since you’ll still probably need to pay an annual fee to get a Mission Lane Visa®, we recommend instead looking around for secured credit cards that require only a small deposit. Some secured credit cards allow you to pay a deposit of $49–$99 and will even give you a credit limit that exceeds your deposit amount.
- Credit rebuilders: The Mission Lane Visa® reports to all three credit bureaus and gives you free access to your credit score, making it a great card for rebuilding credit. If you’re able to get approved for the Mission Lane Visa®, you can use it to start improving your credit by paying your monthly bills in a timely manner. Once you see your credit score start to creep up, you’ll be able to upgrade to cheaper cards with better terms.
To decide whether the Mission Lane Visa® credit card is right for you, take a look at how it measures up against other credit cards on the market.
Mission Lane Visa® vs. Surge Mastercard®
The Mission Lane Visa® and Surge Mastercard® are both cards for people with less-than-perfect credit, and they share the following features:
- No rewards, welcome bonuses, or intro offers.
- Credit reporting to all three major credit bureaus.
- A 3% foreign transaction fee.
- Opportunities for credit limit increases if you make your first six payments on time.
However, the Surge Mastercard® has several disadvantages compared with the Mission Lane Visa®:
- It has a more expensive annual fee of $75–$99.
- After the first year, it charges monthly fees.
- Its APR is notably high at 24.99%–29.99%.
Since the Surge Mastercard® is much costlier than the Mission Lane Visa®, we recommend applying for the Mission Lane Visa® first.
Mission Lane Visa® vs. Credit One Bank® Platinum Visa® for Rebuilding Credit
Like the Mission Lane Visa®, the Credit One Bank® Platinum Visa® for Rebuilding Credit is an unsecured credit card for people who need to improve their credit scores.
Both cards are likely to give you similar APRs (24.24% vs. 19.49%–29.99%). They also share the following features:
- No processing fees.
- No monthly fees.
- No rewards, welcome bonuses, or intro offers.
- Free credit scores for cardholders.
- Basic Visa benefits (roadside dispatch, ID theft protection, and emergency assistance with lost or stolen cards).
The major disadvantage of the Credit One Bank® Platinum Visa® for Rebuilding Credit is that it has higher annual fees ($75 in the first year then $99 per year after that).
You might, however, be able to offset the higher annual fee of the Credit One Bank® Platinum Visa® for Rebuilding Credit with its rewards, which include 1% cash back on nearly all your monthly utilities and expenses like gas and groceries, internet, cable, or satellite TV bills, plus another 10% in cashback rewards with selected retailers.
Which card is better for you may depend on the offer you get after applying for pre-approval for the Mission Lane Visa®.
Mission Lane Visa® vs. Avant Credit Card
The Avant Credit Card is another card for people who want to improve their credit. Like the Mission Lane Visa®, it’s unsecured, so it requires no security deposit.
The Avant Credit Card and the Mission Lane Visa® have a number of features in common:
- Reporting to all three major credit bureaus.
- The same cash advance transaction fees ($10 or 3% of each cash advance, whichever is greater).
- No balance transfers.
The major advantages of the Avant Credit Card are:
- It doesn’t charge foreign transaction fees (whereas the Mission Lane Visa® does).
- It charges potentially lower annual fees of $0–$59 (vs. $0–$75 for the Mission Lane Visa®).
- It has a potentially lower variable cash advance APR of 24.99%–29.99% (vs. 27.74%–29.99% for the Mission Lane Visa®).
On the other hand, the Mission Lane Visa® may give you a lower purchase APR (as the range of APRs is 19.49%–29.99% variable vs. 24.99%–29.99% variable for the Avant Credit Card). It’ll also charge potentially lower late payment fees (with late payment fees going up to $35 vs. up to $39 for the Avant Credit Card).
Overall, these two cards are fairly similar. We slightly prefer the Avant Credit Card due to the potentially lower annual fees and the fee-less foreign transactions, but as you can be preapproved for both cards without hurting your credit score, you may as well apply for both to see whether one offers lower interest rates and/or a higher credit limit than the other.