OppFiCard summary
Pros
- No hard credit check when you apply
- Start spending the same day you’re approved
- User-friendly mobile app
Cons
- 35.99% APR on carried credit
- Maximum $1,000 credit limit
Overview
OppFi Card is a Chicago-based financial services company that offers personal loans, payroll advances, and a single credit card. The company focuses on individuals who have traditionally been left behind by the financial system, including the unbanked and those with bad credit. OppFi Card has a 4.6-star rating with the Better Business Bureau.
OppFi Card is an unsecured card designed for individuals with bad credit. There’s no hard credit check when you apply and no minimum credit score to qualify for approval. Unlike other credit cards that don’t require a credit check, OppFi Card doesn’t come with an account opening fee.
Suitable for?
OppFi Card is most suitable for borrowers with bad credit or without a credit history. It doesn’t require a credit check as part of your application, and applying won’t impact your credit score. Importantly, the company looks at factors like your bank account balance and your employment history when making approval decisions. So even individuals who have been turned away by other credit card companies may qualify for OppFi Card.
OppFi Card is unsecured, so it can be a good option for those who don’t want to turn over a security deposit in order to spend. In addition, like most unsecured credit cards, OppFi Card helps you build your credit by reporting on-time payments to the 3 major credit bureaus. This credit card is also suitable for individuals who are moving from a secured credit card to an unsecured credit card and want to keep building their credit.
OppFi Card comes with a free mobile app for iOS and Android, which allows you to track your transaction and payment history on your smartphone. You can also link your card with Google Pay and Apple Pay for contactless purchasing.
Interest Rates and Fees
OppFi Card comes with an interest rate of 35.99% APR and an annual fee of $99. Unlike other credit cards that don’t require a credit check, OppFi Card doesn’t require a one-time account opening fee or monthly fees when you use your card.
OppFi Card can be used overseas, but you’ll pay a 2% foreign transaction fee. Cash advances come with a charge of $5 or 5% of your cash advance, whichever is greater. In addition, late statement payments incur a $39 fee.
OppFi Card comes with a maximum credit limit of up to $1,000. Your credit limit will be determined as part of the application approval process.
| Annual Fee | Interest Rate | Foreign Transaction Fee | Late Fee |
| $99 | 35.99% APR | 2% | $39 |
Rewards & Cashback
OppFi Card does not have any rewards program or cashback offers.
The Application Process
You can apply for OppFi Card online. You’ll need to enter personal details that include your social security number, address, annual income, annual spending, and recent employment history. OppFi Card conducts a soft credit check, which won’t impact your credit score.
In most cases, OppFi Card will make an approval decision instantly. If you’re approved, you’ll receive your card details immediately. You can start using it right away for online purchases or sync it with Google Pay or Apple Pay. Your physical card will be mailed to you in 7-10 days.
Help & Support
OppFi Card prides itself on offering 100% US-based support to all of its customers. You can get in touch by phone or email 8AM-8PM (CT) Monday-Friday and 9AM-2PM Saturday. We called and were connected with a representative within a few minutes.
OppFi Card doesn’t have an online FAQ page or knowledgebase.
Security
OppFi Card uses an EMV chip to keep your information secure when making payments. In addition, your OppFi Card is protected by Mastercard’s zero liability protection policy, which ensures that you’re never responsible for fraudulent transactions made using your card. You also have access to Mastercard’s 24/7 fraud prevention and recovery team.
If your OppFi Card is ever lost or stolen, you can freeze it immediately using the OppFi Card mobile app or by contacting customer service.
OppFi Card itself is accredited with the Better Business Bureau. The company’s personal loans division has an A+ rating. Although OppFi Card’s credit card division is not rated, it has a 4.6-star rating.
FAQ
What is the credit limit for the OppFi Card?
OppFi Card offers a maximum credit limit of $1,000. Your credit limit may be lower based on your credit history and other application factors.
Can I use the OppFi Card to build credit?
OppFi Card reports on-time payments to the 3 major credit bureaus, enabling you to build your credit history and potentially raise your credit score.
Conclusion
OppFi Card is an unsecured credit card tailored for individuals with bad credit or no credit history. There’s no minimum credit score required to apply and no hard credit check during the application process. You can get a credit limit of up to $1,000 with a 35.99% APR and a $99 annual fee. You can start spending with your card the same day you’re approved and track your transactions using the OppFi Card mobile app.
Methodology
This review is based on information from OppFi Card’s website and a quick call to OppFi Card’s customer service team.
Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.
