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The Oportun® Visa® doesn’t require a security deposit, and you don’t need US identification (e.g., a Social Security number) to qualify, making it a notably easy credit card to get. The fees are often low enough to make it worth considering, especially if you’re likely to make foreign transactions, which come without fees.
The Oportun® Visa® is unsecured, which means it doesn’t require a credit card security deposit. Unusually, you can apply for the Oportun® Visa® with no credit score, Social Security number, or US ID. You may even be able to apply without a bank account.
However, the downsides are that it has a high APR, initial credit limits only go up to $1,000, and you’ll likely be charged an annual fee.
Quick Review
The Oportun® Visa® credit card is a starter credit card for borrowers with no credit score or a limited borrowing history. It’s unsecured (meaning it requires no security deposit) and offers an initial credit limit of up to $1,000.
Although the Oportun® Visa® credit card has several downsides—including a high APR and annual fees for most cardholders—it doesn’t require a Social Security number, ITIN (Individual Taxpayer Identification Number), or US ID, which is a major advantage for non-citizen applicants. Similarly, the fee-less foreign transactions are a good incentive for anyone who is likely to use their card outside the US.
However, residents in some areas are excluded from applying for this card (i.e., Colorado, Iowa, Maryland, Wisconsin, West Virginia, and Washington, DC). It’s not available to everyone.
Although the Oportun® Visa® credit card provides the basics for credit building, it isn’t the best deal around. Applicants with a Social Security number or an ITIN should consider shopping around for other cards with one or more of the following features:
- No annual fees
- Balance transfers
- Cashback rewards
- Other perks and benefits
Oportun® Visa® Credit Card Important Details
Basic Card Details
- Credit card issuer: WebBank
- Annual fee: $0–$49
- Regular APR: 24.90%–29.90% (variable)
- Initial credit limit: Up to $1,000
- Grace period: 25 days
Additional Information
- No foreign transaction fees.
- No security deposit required.
- Credit reporting to all three major credit bureaus.
- No credit score, social security number, or US ID required.
- Bilingual customer service in English and Spanish.
- Cash advances are available.
- Balance transfers are unavailable.
- No credit history needed to apply.
- No authorized users or joint accounts.
- Zero fraud liability.
- Not available to residents in Colorado, Iowa, Maryland, Wisconsin, West Virginia, or Washington, DC.
- Visa® credit card benefits (e.g., emergency card replacement, ID theft protection, theft coverage, and a roadside assistance program).
Oportun® Visa® Credit Card Feature Breakdown
In this section, we’ll look at some of the most notable features of the Oportun® Visa®.
Fees
The Oportun® Visa® has the following fees:
- Annual fee: $0–$49
- Foreign transaction fee: None
- Cash advance fee: $10 or 3% of transaction amount (whichever is greater)
- Late/returned payment fee: $35
Interest Rates
- Regular APR: 24.90%–29.90% (variable)
- Cash advance APR: 24.90%–29.90% (variable)
- Minimum interest charge: $1
If you don’t pay off your statement balance each month, you’ll have to pay interest on your Oportun® Visa® credit card. The annual rate of interest you’ll pay is called the APR. To get an idea of your monthly interest rate, divide the APR by 12.
The Oportun® Visa® credit card APR is 24.90%–29.90% (variable), where the exact rate is variable and dependent on your creditworthiness. This is a high rate, which is common among credit cards for no credit or bad credit.
If you’re likely to carry a balance on your credit card, look for one with a lower APR.
Grace Period
The Oportun® Visa® credit card has a 25-day grace period (beginning on the first day of the new billing cycle).
If you pay your bill in full by the due date, your purchases during the grace period won’t accumulate interest. However, if you carry a balance from the previous billing cycle, charges in the grace period will accumulate interest at the normal rate.
Rewards
The Oportun® Visa® credit card doesn’t offer any rewards.
Many credit cards for borrowers with less-than-perfect credit don’t offer rewards. However, there are exceptions, so if rewards are important to you, do some more research to find a card that offers cash back.
Benefits
In terms of benefits, the Oportun® Visa® credit card offers the basic Visa® benefits:
- Roadside dispatch: This gives you access to a pay-per-use emergency roadside assistance program (e.g., for towing or fuel delivery).
- ID theft protection: This includes monitoring of the dark web for any fraudulent use of your personal information.
- $0 fraud liability: This means you get reimbursed for any fraud losses that result from unauthorized use of your account.
- Fraud protection: This service detects any abnormal spending patterns or other unusual activity on your credit card account and then alerts you.
- Visa Offers + Perks: This gives you discounts and savings on food and wine, shopping, sports, entertainment, and more.
Cash Advances
A credit card cash advance is when you use your credit card to withdraw money from an ATM. Cash advances are allowed on the Oportun® Visa® credit card. However, the total amount you withdraw can’t go over $150 or 30% of your credit limit (whichever is greater).
There are also cash advance fees of $10 or 3% (whichever is greater). The cash advance APR is the same as the purchase APR at 24.90%–29.90% (variable).
Balance Transfers
A balance transfer is when you move debt from one credit card to another (which is a common form of credit card debt consolidation). The Oportun® Visa® credit card doesn’t offer balance transfers.
Credit Limit
The Oportun® Visa® credit card gives you an initial credit limit of up to $1,000, depending on your creditworthiness. According to some sources, it also automatically considers you for credit limit increases, meaning that you may get an increase without needing to request one—as long as you make timely payments and use your credit responsibly.
Credit Reporting
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 lenders report to only one or two of the major credit bureaus, if any. According to the Oportun website, the Oportun® Visa® credit card reports users’ account payment histories to select nationwide credit bureaus. When we contacted their customer service, they confirmed that they report to all three major credit bureaus—Experian, Equifax, or TransUnion.
Credit Building
Because the Oportun® Visa® credit card reports to all three major credit bureaus, it’s great for building or rebuilding credit. However, you must keep up with your monthly payments to benefit your credit score; your credit will suffer if your payments are late. On the other hand, a good credit score opens doors for even better credit cards and loans in the future.
Credit Score Requirements
The Oportun® Visa® credit card website says that the card is available to people with limited credit or no credit. However, it does not give any further information (e.g., the specific credit score you need to qualify).
We also contacted customer service to find out more about the score requirements. They confirmed that people with no credit have been approved. They also said that there’s no minimum score required, because their decision depends not just on your credit check but also on your income and expenses.
The Oportun® Visa® credit card issuer asks for proof of income when you apply, so it’ll use this additional information to work out whether you’re eligible for the card.
To get an idea about your chances of qualifying for the Oportun® Visa®, you can apply for pre-approval online. This will help you decide whether it’s worth getting a hard inquiry on your credit report when Oportun processes your official credit card application.
Application and Approval
If you’ve already received an Oportun® Visa® card offer in the mail, confirm that the offer hasn’t expired, go to Oportun.com/myoffer, and enter your offer code. Alternatively, to accept your offer by phone, call (855) 613-0070.
If you haven’t received an offer yet, you can still apply for the Oportun Visa® card online. To do this, first go through the pre-approval process, which only takes a few minutes and doesn’t affect your credit score.
To apply, you’ll need to provide:
- An email address
- A mobile phone number
- Photo ID
- Proof of income
- Proof of address
Managing Your Account
You can create an online account to manage your Oportun® Visa® credit card. This lets you carry out tasks like checking your balance, viewing transactions and statements, managing alerts, and making payments (by debit card or bank transfer).
As well as making payments online, you can pay:
- By phone: Call 833-OPORTUN (833-676-7886).
- In person: Visit any MoneyGram location nationwide (including CVS and Walmart).
- By mail: Send a check or money order to Oportun by post.
The address to send Oportun Visa® payments by mail is:
Oportun
PO Box 561240
The Colony, TX 75056
Lost or Stolen Cards
If you misplace your Oportun® Visa® credit card, if it’s stolen, or if you think someone else may be using your card or account without your permission, call 833-676-7886 immediately to report it.
Customer Service
You can email general inquiries to [email protected] or call (855) 613-0070.
Send mail correspondence to:
PO Box 4085
Menlo Park, CA 94026
Should You Get the Oportun® Visa® Credit Card?
FinanceJar verdict
The Oportun® Visa® credit card is fairly typical of cards for borrowers with limited or no credit. Because quite a few similar cards have worse terms—including higher fees or security deposit requirements—the Oportun® Visa® is a reasonable option if you’re trying to establish your credit.
However, it’s still worth shopping around for better deals if you have a Social Security number or ITIN if you want a lower-cost card, or one that offers cash rewards.
Who is this card for?
- Recent immigrants: Because you don’t need a credit score, Social Security number, or US ID to apply for the Oportun® Visa® credit card, it’s a good option for recent immigrants to the US. The fee-less foreign transactions are also handy for trips abroad, and there are even bilingual English–Spanish customer services.
- Anyone with no Social Security number or US ID: It’s quite unusual for credit cards to waive the requirement that you provide this information during the application process, so the Opportun® Visa is an unusually accessible card. According to the Oportun® Visa® credit card website, the only pieces of documentation you’ll need to apply are a photo ID, proof of income, and proof of your address—along with an email address and a mobile phone number.
Comparable Cards
To determine whether the Oportun® Visa® credit card is right for you, take a look at how it measures up against similar credit cards on the market.
Oportun® Visa® vs. Petal® 2 Visa® Credit Card
Like the Oportun® Visa®, the Petal® 2 Visa® is a great no-deposit starter card. However, unlike with the Oportun® Visa®, you’ll need a Social Security number or ITIN to apply. You may also need a bank account.
However, if you can provide the requisite information, the Petal® 2 Visa® has several advantages compared with the Oportun® Visa®:
- A rewards program.
- A much higher maximum initial credit limit of $5,000 (vs. $1,000).
- No annual fees.
- A potentially lower APR of 15.99%–29.99% (variable).
It also matches the Oportun® Visa® for the following:
- No credit score required.
- No SSN required.
- No monthly maintenance fees or account-opening fees.
- No foreign transaction fees.
- A 25-day grace period.
The major disadvantage of the Petal® 2 Visa® is that it doesn’t allow cash advances. As such, if you need a credit card for cash withdrawals or if you can’t provide an ITIN or SSN, you’re better off with the Oportun® Visa®.
Oportun® Visa® vs. Deserve® PRO Mastercard®
The Deserve® PRO Mastercard® is another starter card for no-credit borrowers. Like with the Oportun® Visa®, you don’t need a credit score or credit history to apply, and it’s targeted largely at people newly employed in the US or other professionals who haven’t yet established their credit.
The two cards have several features in common:
- No monthly maintenance fees or account-opening fees.
- No foreign transaction fees.
- Balance transfers are not available.
- No reduced-interest intro offers.
However, the Deserve® PRO Mastercard® differs from the Oportun® Visa® in the following ways:
- It has no annual fees.
- It offers a lower APR at 19.74%–26.74% (variable).
- It has cheaper late payment fees and even waives your first late payment fee.
- It has a rewards program.
- It gives you more benefits (e.g., free cell phone insurance and a free year of Priority Pass™ Membership, which lets you access a network of airport lounges, restaurants, and mini-suites for $27 per visit).
The main disadvantages of the Deserve® PRO Mastercard® are that it doesn’t allow cash advances, and you need a Social Security number to apply. Otherwise, it’s a much better deal than the Oportun® Visa®.
Oportun® Visa® vs. OpenSky® Secured Visa® Credit Card
If you have little or no credit history, the OpenSky® Secured Visa® and the Oportun® Visa® are both good picks. You don’t need a credit score for either of them, and they both allow you to build credit.
Other features they have in common are:
- They allow cash advances.
- They allow foreign transactions.
- They don’t give rewards.
- They don’t have 0% APR intro offers.
However, the major difference is that the Oportun® Visa® is unsecured, meaning that it doesn’t require a security deposit, whereas the OpenSky® Secured Visa® does. The latter card also has a set annual fee of $35 (whereas the Oportun® Visa® has annual fees of $0–$49) and foreign transaction fees. As such, if you’re looking to get a credit card without paying money upfront, the Oportun® Visa® is the better deal.
The OpenSky® Secured Visa® is also a no-go if you don’t have a Social Security number, which is required during the application process. However, if you can provide a Social Security number and a deposit, it’s worth choosing the OpenSky® Secured Visa® for the following:
- It has a higher maximum credit limit than the Oportun® Visa® at $3,000 (vs. $1,000).
- It has a much lower APR than the Oportun® Visa® at 21.14% (variable).
- It allows cash advance withdrawals for up to 50% of your credit limit (whereas the Oportun® Visa® only lets you go up to 30% of your credit limit).
