I got this as a mailer. Didn't apply because I was skeezed out and my bankruptcy just discharged, but yeah. Think it's mailer only.
@Azza wrote:
I got this as a mailer. Didn't apply because I was skeezed out and my bankruptcy just discharged, but yeah. Think it's mailer only.
There's a direct link for it as well. It's being heavily promoted on some social platforms too.
This is the direct Gold Line promo to prequalification: https://apply.missionlane.com/prequalification?invite-code=MLPQDC3940&utm_flow=PQSP_META&utm_source=...
The regular. I couldn't find the gold line pre qualify. I'll try again using that link once my other pre qualify expires. Thank you so much 😊
How do you apply for the 3 percent in your top spend category version? The link included in this thread it looks like the 3 percent is only for travel...unless I am reading it wrong. Thank you.
@user979797 wrote:How do you apply for the 3 percent in your top spend category version? The link included in this thread it looks like the 3 percent is only for travel...unless I am reading it wrong. Thank you.
It's a 3, 2 ,1 card.
3% in top spend
2% in secondary spend
1% in all other spend
Looking at the linknin the first post of this thread. If scroll down you'll see:
The predefined spend categories that consist of certain MCC codes used to determine Cash Back rates are:
- Amazon, Bookstores & Online Variety Stores: Includes most purchases on Amazon.com, including items sold directly by Amazon and many third-party sellers. Also includes select bookstores and online variety stores. Excludes some purchases if processed under a different MCC such as Amazon Fresh or Whole Foods grocery orders, Amazon ad, business and web services.
- Dining: Includes dining purchases such as purchases at cafes, restaurants, bars, lounges, and fast-food establishments. Excludes food purchased at convenience stores, specialty markets, bakeries, and catering services. Food delivery purchases may not qualify if the merchant does not use the restaurant MCC.
- Entertainment: Includes entertainment purchases such as movie theaters, live performances, concerts, bowling alleys, sporting events, museums, amusement parks, tourist attractions, and public golf courses. Excludes private golf courses, membership clubs, casinos and other gambling establishments, arcades, and spas.
- Gas & EV Charging: Includes purchases at gas stations and EV charging stations. Excludes gasoline purchases at warehouse clubs, discount stores, or other merchants that do not use the gas station MCC.
- Groceries: Includes purchases at grocery stores, supermarkets, and convenience stores. Excludes food or grocery purchases from drug stores, candy and confectionery shops, cheese shops, bakeries, and meat or fish markets. Online supermarket or grocery delivery purchases may not qualify if the merchant does not use the supermarket MCC.
- Health & Beauty: Includes purchases at drug stores, pharmacies, cosmetic stores, and sports clubs. Excludes purchases at hair salons and barber shops, wig shops, and spas.
- Travel & Transportation: Includes lodging and transportation purchases such as airfare, train and bus fares, taxis, limousines, ride-shares, hotels, resorts, campgrounds, car and boat rentals, cruises, and travel agencies. Excludes automobile and travel insurance, auto repair and tire shops, and vehicle dealerships.
- Utilities & Streaming: Includes purchases from phone, internet, and cable providers, streaming services, and utility companies. Excludes insurance premiums and recurring subscriptions from non-streaming services.
- Wholesale Clubs: Includes purchases at wholesale clubs. Excludes purchases at department stores, home improvement warehouses, and discount stores.
We calculate your Cash Back by:
- Identifying the MCC spend category with the highest total Net Qualifying Purchases posted to the Account during that calendar month and multiplying the dollar amount of those Net Qualifying Purchases by 3%, plus
- Identifying the MCC spend category with the second-highest total Net Qualifying Purchases posted to the Account during that calendar month and multiplying the dollar amount of those purchases by 2%, plus
- Multiplying the dollar amount of all other Net Qualifying Purchases by 1%.
Not that this is a groundbreaking card or anything, but it does seem like maybe Mission Lane is trying to move up a bit from where they typically sit in the sub prime rebuilding group? Usually I think of them as products for rebuilders, but a step above the Credit One and other fee harversters since they have lower AF and some no AF offerings.
@CaneVariant wrote:
Seems like this could be one of the better rebuilding cb cards. BofA's secured CCR with the bonus 3% first year is better. US banks secured alt go could possibly be better. The 3x and 2x categories elevate it over C1's Quicksilver and spend over $2500 a quarter outperforms discovers 5% categories.
Personally, think the new mission lane gold and silver lines are better than the secured options you mentioned for rebuilding. Especially with no AF or deposit needed.
