Verve Credit Card Review

Aedam Jo Written by
verve credit card
6.67/10 MyCreditCardLab Score
Verve Credit Card Rating & Score with Credit Cards System

Objective testing of credit cards involves conducting systematic evaluations based on predefined criteria to assess their features, benefits, fees, and overall value proposition.

For more information see our credit card score explanation here.
6

Intro APR

Intro APR credit cards offer a temporary period with low to no interest rates on purchases or balance transfers. They provide a financial break before regular rates apply.

For more information see our Intro APR score explanation here.
N/A
7.3

Regular APR

The APR is the ongoing interest rate for balances on credit cards. This is after any intro or promo periods end. It affects the long-term cost of borrowing.

For more information see our Regular APR score explanation here.
29.99% - 35.9% Variable APR
7.9

Annual Fee

Annual fee credit cards require a yearly payment for membership. They offer enhanced rewards, benefits, and services in exchange for the fee. They cater to individuals seeking premium perks.

For more information see our Annual fee score explanation here.
ONE-TIME $0 - $75 - $175 1st yr, $49 - $175 after
5.5

Welcome Bonus

Welcome bonus credit cards offer a one-time reward. This could be bonus points, cashback, or statement credits. You get the reward by meeting spending goals. You must do so within a set time after opening the account. The rewards entice new cardholders with immediate benefits.

For more information see our Welcome bonus score explanation here.
No Welcome offer available
5

Rewards

Credit card rewards programs let cardholders earn points, miles, or cashback on purchases. They can redeem these rewards for things like travel, merchandise, gift cards, or credits. This gives extra value for using the card.

For more information see our rewards programs score explanation here.
The Verve Mastercard® won’t offer lucrative rewards or lounge access.
7.3

Benefits

Credit card benefits include perks and features from card issuers. They include travel insurance, purchase protection, and extended warranties. You also get airport lounge access and concierge services. They add value and usefulness for cardholders.

For more information see our benefits score explanation here.
All credit types welcome to apply
6.2

Recommended Credit Score

The recommended credit score is the minimum score recommended by the card issuer. It's for potential cardholders to qualify for a specific credit card. Meeting or beating this score boosts the chance of approval. It also gives access to the card's benefits and features.

For more information see our Recommended credit score Rating explanation here.
400 - 629 (Very Poor - Poor)
7

Foreign Transaction Fee

Card issuers impose foreign transaction fees. They apply to transactions in a foreign currency or with a foreign merchant. The fees are usually 1% to 3% of the transaction amount. They may apply to purchases, withdrawals, or transfers made in a foreign currency. This raises the cost of international transactions.

For more information see our foreign transaction fees score explanation here.
3%
8

Cash Advance Fee

Each time you use your credit card for a cash advance or ATM withdrawal, the bank applies a 'Cash Advance Fee'.

For example, a Cash Advance Fee of "3% (min $10)" means the fee will be 3% of the cash advance amount, with a minimum charge of $10.

For more information see our cash advance fee score explanation here.
5% (min $10)
6.5

Balance Transfer Fee

A balance transfer fee may apply when you transfer a balance from 'Credit Card A' to 'Credit Card B'.

This fee is imposed by the credit card that gets your transferred balance. In this case, that card is 'Credit Card B.' 'Credit Card A' never charges a fee.

For more information see our balance transfer fees score explanation here.
N/A
How we rating & score here.

Best for

Discover the best credit card for your needs. Are you a student, rewards enthusiast, or cash back lover? Find the perfect fit with our thorough reviews and comparisons.
  • Students
  • Bad Credit
  • U.S. Supermarket Spending

Considerations

Consider key factors when choosing a credit card. These include interest rates, fees, rewards programs, and more. Make an informed decision to find the right card for your financial needs.
  • Interest Rates
  • Annual Fee
  • Foreign Transaction Fee
  • Security Features (Fraud Protection, EMV Chip, etc.)

Pros

Using a credit card has many pros. These include convenience, rewards, and building credit. They also include purchase protection and fraud security. You also get access to emergency funds and introductory offers. They help with budgeting and spending tracking. They also offer travel benefits and cash flow management. Plus, rental car insurance, extended warranties, and price protection. And online shopping security and opportunities for financial discipline.
  • Qualify with bad credit
  • Does not require security deposit

Cons

Using a credit card has cons. These include potential overspending, high interest rates, and fees such as annual fees and late payment fees. It can also hurt your credit score if used irresponsibly. Using a credit card can tempt you to carry a balance and incur interest charges. It also risks identity theft and fraud. It can lead to debt and reliance on credit for financial needs. And, it has limits on rewards and benefits compared to other forms of payment.
  • High membership fees
  • High regular APR
  • Foreign fee
Why Trust MyCreditCardLab Review
  • 50+ Credit Cards Ranked
  • 2000 Data Points Collected
  • 10 Levels of Rank Checking
  • 25+ Categories Considered

At MyCreditCardLab, we value your trust above all else. We earn it with careful, fair analysis. We are fully transparent. We stick to strict editorial standards and independence. Your confidence in our content is our top priority.

See our full methodology

In This Review

Reviews Annual Fee Welcome Bonus Rewards Benefits Comparisons APR Credit Score needed FAQs
6.7

Review: Verve Credit Card

Get in-depth credit card reviews covering features, benefits, fees, and rewards. Make informed decisions and find the perfect card for your financial goals.

For more information see our credit card score explanation here.

At MyCreditCardLab, we put each card to the score.

We score Verve Credit Card 10 different factors that impact the benefits and rewards of the cards. scoring categories include:

Credit Cards Review Rating
Intro APR Fair
Regular APR Fair
Annual Fee Good
Welcome Bonus Poor
Rewards Very Poor
Benefits Fair
Recommended Credit Score Fair
Foreign Transaction Fee Fair
Cash Advance Fee Good
Balance Transfer Fee Fair

Who can apply for Verve Credit Card?

We have categorized Verve Credit Card 4 main useful user criteria. it's applied using the MyCreditCardcLab methodology.

7.9

Verve Credit Card Annual Fee

Card type: Unsecured Credit Cards

Issuer Name: Verve

ONE-TIME $0 annual fee

The Verve Credit Card is a costly unsecured credit card. It's for people with bad credit who need to borrow a small amount of money. It has an annual fee of $75 - $175 the first year and charges $49 - $175 plus a monthly fee each year thereafter.

5.5

Welcome Bonus

All credit types welcome to apply!

6

APRs: Verve Credit Card

Explore credit card APRs to understand borrowing costs. Learn how APRs vary for purchases, balance transfers, and cash advances. This is crucial for informed financial choices.

The table below shows the types of each APR brief description for the Verve Credit Card.

Type of APR Rating
Intro APR - N/A 6/10Fair
Regular APR - 29.99% - 35.9% Variable APR 7.3/10Fair
Purchase - 29.99% - 35.9% Variable APR 7.5/10Fair
Balance transfer - Balance transfer not available 6.5/10Fair
Cash advance - 29.99% - 35.90% variable, plus a fee of either $10 or 5% of the amount of each transaction, whichever is greater 8/10Good
Penalty - None 9.5/10Excellent
7.3

Verve Credit Card Benefits

Discover the many benefits of our credit cards. They include cash back and travel perks, as well as purchase protection and fraud prevention. Explore our cards today and unlock a world of convenience and value.

Certainly! Here's a table. It shows the benefits of the Verve Credit credit card:

Benefits Score
Build Credit

To build good credit, you must use credit responsibly. You also need a credit line increase. Payment history and credit use make up two-thirds of a person’s FICO credit score. The FICO model is the most popular one among lenders. To build a good credit score, pay at least the Verve Mastercard's minimum each month. Also, keep credit use below 30% of the credit limit.

 9.5/10Excellent
Credit limit

Based on your credit limit of $300, your initial available credit will be $225 (or $195 if you choose to have an additional card).

 8.1/10Good
Account access

Free online account access - 24/7, Monthly reporting to the three major credit bureaus.

 9/10Very Good
5

Verve Credit Card Rewards

Verve Credit Card Rewards program provides exceptional flexibility in credit currency. Redeem your earnings across a wide range of options, including:

  • Mastercard Zero Fraud Liability coverage against fraudulent charges
  • Ability to use anywhere Mastercard is accepted worldwide
  • 3% foreign transaction fee
  • Free online account access 24/7
  • Monthly reporting to the three major credit bureaus (Experian, Equifax, and TransUnion)
  • Free credit score access every month
Pro Tip
If you end up carrying a balance from month to month with the Verve Credit Card, you will incur interest charges. The APR for these charges is the highest. This rate is the highest of any credit card, according to WalletHub data. It is much higher than the average secured card's 22.86%.
6.2

Recommended Credit Score

Credit Score : 400 - 629 (Very Poor - Poor)

We evaluate credit card options based on FICO credit scores. We ensure tailored recommendations that match your financial profile.

For more information see our FICO Recommended credit score Rating explanation here.

The Verve Credit Card recommends a credit score of 400 (Very Poor) to 629 (Poor). That range is from Fair to Exceptional. This range ensures eligibility for tailored benefits and rewards. It aligns with your credit profile and financial needs. Apply now to access exclusive perks designed to enhance your credit card experience.

Compare The Verve Credit Card vs. Other Popular Cards

Compare credit cards effortlessly to find the ideal match for your financial goals. Explore features, rewards, fees, and more to make informed decisions and maximize your benefits. You might want cash back, travel rewards, or low APR. Our tool makes it easy. It lets you compare many cards at once.

You have comprehensive information at your fingertips. You can select the card that best fits your spending and preferences. Take control of your finances. Find the perfect credit card for your needs with our easy comparison platform.
Verve Credit Card Verve Credit Card SoFi Credit Card SoFi Credit Card Southwest Rapid Rewards® Plus Card Southwest Rapid Rewards® Plus Card
6.7MyCreditCardLab
Score 		8.5MyCreditCardLab
Score

MyCreditCardLab Score 8.5

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
10
Intro APR
7
Regular APR
7.3
Rewards
9
Benefits
9
Welcome Bonus
6
Recommended Credit Score: 9.1
Foreign Transaction Fee: 10
Cash Advance Fee: 8.6
Balance Transfer Fee: 8.8
8.5MyCreditCardLab
Score

MyCreditCardLab Score 8.5

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
9.1
Intro APR
7
Regular APR
8.4
Rewards
9.2
Benefits
8.5
Welcome Bonus
8.4
Recommended Credit Score: 9.1
Foreign Transaction Fee: 8.8
Cash Advance Fee: 9
Balance Transfer Fee: 7.8
ANNUAL FEE
ONE-TIME $0 $0 $69
INTRO APR
N/A N/A N/A
REGULAR APR
29.99% - 35.9% Variable APR 20.24% to 29.99% (variable) 21.49% - 28.49% Variable APR
WELCOME BONUS
No Welcome offer available None 30,000 points after you spend $4,000 on purchases in the first 3 months from account opening
REWARDS
The Verve Mastercard® won’t offer lucrative rewards or lounge access. Earn up to 3 percent cash back rewards for a year when you set up direct deposit with SoFi. 2X points on Southwest purchases
BENEFITS
All credit types welcome to apply 2% Simple Rewards Program, No Foreign Transaction Fees Southwest purchases and hotel
CASH ADVANCE FEE / APR
5% (min $10) / 29.99% - 35.90% 5% (min $10) / 32.24% 5% (min $10) / 29.99%
BALANCE TRANSFER FEE
Not available Either $10 or 5% of the amount of each transfer, whichever is greater Either $5 or 5% of the amount of each transfer, whichever is greater.
RECOMMENDED CREDIT SCORE
400 - 629 (Very Poor - Poor) 670 - 850 (Fair - Exceptional) 690 - 850 (Fair - Exceptional)
FOREIGN TRANSACTION FEE
3% 0% 3%
BEST FOR
  • Students
  • Bad Credit
  • U.S. Supermarket Spending
  • Cash Back Seekers
  • Students
  • Hotel Stays
  • Foreign Travel
  • Travelers
  • Frequent Flyers
  • Hotel Stays
  • Foreign Travel
  • Rewards Points Enthusiasts
More Details Compare More Details Compare

Ink Business Unlimited® Credit Card

8.9MyCreditCardLab Score

MyCreditCardLab Score 8.9

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
10
Intro APR
8.9
Regular APR
9.3
Rewards
8.4
Benefits
8.7
Welcome Bonus
9.5
Recommended Credit Score: 9
Foreign Transaction Fee: 8.9
Cash Advance Fee: 8.6
Balance Transfer Fee: 7.9
Annual Fee
$0
Intro APR
0% for the first 12 months from the date of account opening
Regular APR
18.49% - 24.49% Variable APR
Foreign Transaction
3%
Pros & Cons
  • Unlimited 1.5% cash back rewards on purchases
  • No membership fees
  • $750 initial rewards bonus
  • 0% Intro APR on purchases for 12 months
  • 3% Foreign fee
  • No intro APR on balance transfers
  • No bonus categories

Verve Credit Card Login

Follow these easy steps:

Step 1. Go to the Login Verve Credit Card page via the official link.
Step 2. Log in using your username and password. The login screen appears upon successful login.
Step 3. If you still can’t access Verve Credit Card Login then see forgot your username and password option.

Frequently Asked Questions (FAQs)

Still have questions? Check out some of the top FAQs on the Verve Credit credit card below and get the answers you're looking for.

How do I apply for a Verve Mastercard?

Applying for a Verve Mastercard has never been easier. You may apply for a Verve credit card online from this website. Or, you can call 1-888-673-4755. To get a Verve credit card, we'll ask for your: full name (as on government documents), social security number, date of birth, and address. A P.O. box will not be accepted. This is common for anyone when you apply for a major credit card.

What is the Verve credit card phone number for customer support?

General inquiries and account management: (866) 449-4514.
Report a lost or stolen card: (800) 556-5678.
Payments: (800) 518-6142.
Respond to a pre-approved offer. If you have a reservation number, call (866) 449-4514 for help. Then, you can apply for the Verve Credit Card.

What can a Verve card be used for?

You can use a Verve Credit Card to make purchases anywhere Mastercard is accepted. You can also use it for cash advances. It is an unsecured card. It's for people with bad credit. So, it can help rebuild credit. But, high fees are a big downside.

About Aedam Jo

Aedam Jo is the Founder and Editor-in-Chief of MyCreditCardLab.com. Khunt has scored over 50+ Credit Cards himself. He has also written hundreds of reviews about their benefits, rewards, and fees. You may want cash-back rewards, travel perks, or low APRs. Aedam Jo Credit Card Reviews is here to guide you. We'll guide you through the complex world of credit cards clearly and confidently.

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