Bank of Missouri: Credit Cards for Poor Credit

If your credit score ranges from fair to poor, the Bank of Missouri Credit Cards offer several poor credit no deposit credit cards.

Bank of Missouri: Credit Cards for Poor Credit

If your credit score ranges from fair to poor, the Bank of Missouri Credit Cards offer several poor credit no deposit credit cards.

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The Bank of Missouri partners with credit servicing companies to issue a variety of credit products, including poor credit credit cards, to consumers that need to build credit.

The company's name may appear on the card, but the Bank of Missouri is still the issuer. If your credit score ranges from fair to poor, the Bank of Missouri Credit Cards offer several poor credit no deposit credit cards. Here is a look:

Poor Credit Credit Cards

FIT™ Platinum Mastercard®

The FIT™ Platinum Mastercard® is an unsecured credit card for bad credit which means you don't have to put down a deposit to be able to use the card.

The card's issuer, Bank of Missouri doesn’t specify a minimum credit score to qualify for this card. However, it states the card “does not require perfect credit for approval.”

Build credit with the FIT™ Platinum Mastercard® as it reports to all three major credit bureaus, helping you build credit when you use your card and pay your bill on time.

  • $400 credit limit doubles to $800! (Simply make your first 6 monthly minimum payments on time)
  • All credit types welcome to apply
  • Monthly reporting to the three major credit bureaus
  • Initial Credit Limit of $400.00 (Subject to available credit)
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere Mastercard® is accepted
  • Access to your Vantage 3.0 score from Experian (When you sign up for e-statements)
  • Checking Account Required

Milestone Mastercard® - $700 Credit Limit

If you are looking for a credit card to help you rebuild your credit, the Milestone Mastercard® – $700 Credit Limit is a good option. It is a low-cost card with no annual fee and fraud protection. You can use it to make purchases and start to build positive credit history.

It is an unsecured card, so you do not have to pay a security deposit. As long as you pay your bill on time and in full each month, you will start to build positive credit history. 

  • Greater access to credit than before – $700 credit limit
  • No security deposit required, even with less than perfect credit
  • Account history is reported to the three major credit bureaus in the U.S
  • Get a Mastercard accepted online, in store and in app
  • 24/7 access to your account information, even on mobile
  • Applying is quick and easy with our fast decision process

How credit cards for poor credit work?

Credit cards for poor credit work a lot like regular credit cards that can be used to make purchases online or in stores plus pay bills.

Approved transactions. When you make a transaction using your credit card, once that transaction is approved, the payment is made to the merchant by your credit card issuer, and your card's available credit is reduced by the transaction amount.

Statements. Once the billing cycle ends, your card issuer will send you a statement showing all the transactions for that month, your previous balance and new balance, the minimum payment due, and your due date.

Grace period. The grace period is the period of time between the date of a purchase on your card and the due date listed on your statement. During this period if you pay your bill in full by the due date, no interest charges accrue.

Interest charges. If you carry a balance month to month, your card issuer can charge you interest. Your credit card's annual percentage rate or APR reflects the cost of carrying a balance on an annualized basis. Your APR includes both your interest rate and other costs, such as an annual fee if your card has one.

Revolving line of credit. Credit cards are considered a revolving line of credit which means your available credit line is replenished as you pay down your account balance.

Late payments. A payment that is 31 days late can trigger a negative mark added to your credit reports and can stay there for seven years. If you miss the next payment, the negative mark will be updated to 60 days, and it will keep increasing in 30-day increments until a charge-off occurs after 180 days.

Late fees. If you miss the due date for your minimum payment, you may be hit with a late fee.

Annual fees. This is the yearly fee you pay simply to have the card. Many credit cards are available without annual fees but typically require higher credit scores for approval.

Over-limit fees. If you exceed the credit limit on your card, your credit card issuer may charge you an over-limit fee that can range from $25 to $35.

Building credit. By using an unsecured credit card responsibly and making on-time payments, you can consistently increase your credit score.

The Bank of Missouri also issues a several cards under its own brand including:

  • Visa® Platinum Card
  • Cash Rewards American Express® Card
  • Visa® Real Rewards Card
  • Premier Rewards American Express® Card
  • Visa® College Real Rewards Card
  • Visa® Secured Card

This list is in no way exhaustive. Further research may reveal additional cards issued by the Bank of Missouri.

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