Invitation to Apply for Brightway Credit Card – Pre approval Offer

OneMain Financial is a finance company that offers personal loans, credit cards, and other financial services. They are part of the OneMain Holdings Corporation, which is a publicly-traded company. OneMain Financial’s mission is to help customers build a better financial future by providing responsible credit solutions. They offer a variety of loan options, including unsecured and secured loans, and they also provide other services such as debt consolidation and credit counseling.

The company offers BrightWay, BrightWay+, and MasterCard credit cards to those who want to build credit. Customers with established credit can enjoy higher credit limits with the BrightWay+ card. 

Both cards offer 1% cash back along with milestone benefits like increased credit line upon timely payment of six consecutive payments and APR reduction. 

The company offers their credit cards and these benefits only to a select group of customers, including borrowers of personal loans from the company. However, the company is planning to extend its credit lending function to other customers as well. 

Brightway Card Highlights

  • $0 security deposit
  • $0 activation fee
  • $0 over limit fee

Pros

  • Cashback offers
  • No security deposit required
  • Provision to upgrade to higher credit and better terms 

Cons

  • Low credit limit
  • High APR
  • Annual fee 

How does the BrightWay Credit Card Work?

Customers of OneMain Financial can apply for the credit card by entering the 11-character code sent to them by mail. The code comprises your last name, ZIP code, location, and the last four digits of your social security number. 

Once all information is entered, you’ll know whether you’re authorized for a credit card by applying. Credit cards are available to users based on their credit ratings, income and debts. 

If approved, your credit card will be delivered by mail in 5-7 days. If you’re eligible but haven’t received the card during this period, get in touch with the OneMain Financial Company right away. Once you receive the card, you can activate it with the BrightWay app, which will let you track all your payments and view rewards. 

Every BrightWay card holder becomes eligible for their rewards program. A 1% cash back is available on all qualifying purchases, which will be credited to your account at the start of every billing cycle. 

Other than their cashback offers, BrightWay also has its ‘Milestone Benefits’. This includes a choice of APR reduction or credit limit increase once the user has made six consecutive payments on time. A BrightWay cardholder can upgrade to a BrightWay + credit card once they achieve four milestone events. 

How to Apply for an OMF BrightWay Card?

To apply for a BrightWay card, follow the steps below:

  • Visit meetbrightway.com/applynow
  • Enter your 11-character offer code. You can find your offer code highlighted on the offer letter. 
  • Click on the green ‘Lookup Offer’ button
    www.meetbrightway.com/applynow
    • Enter personal details such as social security number, address, name, employer, salary, and monthly housing amount. 
    • Submit your application

    Once the online application process is submitted, you’ll have to await a decision, which should take a minute or so. If approved, you’ll be informed of your credit limit and a new BrightWay credit card will be sent to you via mail. 

    How to Check Brightway Credit Card Application Status?

    If you’ve applied for your BrightWay credit card and want to check the approval status, follow the steps below:

    • Visit meetbrightway.com/applynow
    • Click the ‘Check application status’ link at the top of the page
    • Enter your details like last name, and last four digits. of social security number, and date of birth.
    • Click on the green ‘Continue’ button

    After entering the above information the status of your meet brightway credit card will be revealed.

    BrightWay Credit Card Login: How to Sign up for a New Account?

    Users who are accessing the site for the very first time will need to register for an online account:

    Customers can visit the BrightWay card sign-up page to create an account and process their application for pre-approval of the card. Once they receive the code, they can follow the steps below to sign up:

    • Visit Brightway credit card login
    • Click the Login link at the top of the page
    • Enter your email address and password
    • Click on the ‘Create Online Account’ button to get started

    How to Login to your BrightWay Credit Account?

    • Visit the official website
    • The credit card options can be found on the website
    • Click on the corresponding login button on the homepage to log in currently. 

    How to Obtain BrightWay Credit Card Pre-approval?

    Customers of BrightWay credit can pre-approve their credit limit in various ways. You can instantly have your credit card approved by visiting the BrightWay credit card store in person or by getting in touch with customer support. 

    You’ll be asked to submit your financial information and your credit score will be evaluated along with the rest of the information. A healthy credit score will be given priority over the current financial situation. 

    Have these details ready to submit for pre-approving a BrightWay credit card:

    • Your social security number
    • Provide a valid United States Postal Address
    • Ensure that you have a strong credit rating before applying for the card. 

    If your credit score doesn’t qualify as per the level stipulated by the company, your application will be disqualified. In addition, the applicant must be 18 years or older to apply for a BrightWay credit card. 

    Applicants who fail to meet the above requirements will be disqualified automatically from owning a BrightWay credit card. 

    Features of Brightway Credit Card

    BrightWay credit card customers can enjoy the following features:

    • Up to $500 credit limit
    • Up to $65 annual fee
    • 99% APR
    • 1% unlimited cash back

    Upgrade to the BrightWay+ card after achieving 4 Milestone Events.

    Features of Brightway + Card

    BrightWay+ credit card users can benefit from the following features:

    • Up to $3,000 credit limit
    • $0 annual fee
    • 99% APR
    • 1% unlimited cash back

    Qualify for rewards like a credit limit increase or APR decrease in as little as 6 months from the date of owning the card. 

    How do I Pay my OneMain Financial Credit Card Bill?

    You can pay your OneMain Financial Credit Card bill either online or by mail. 

    • Pay Online 

    To pay your bill online:

    1. Go to the OneMain Financial website
    2. Log in to your account
    3. Choose the “Pay My Bill” option.

    You can also call the customer service number on the back of your credit card and follow the prompts to make a payment. 

    • Pay by Mail

    To pay your bill by mail, send a check or money order along with your payment coupon to the address listed on your bill.

    How to Upgrade to BrightWay + Credit Card?

    The low credit limit and high interest are among the main drawbacks of the BrightWay credit card. The card has a limit of $3000 and $500 to select customers, but it also offers the chance to upgrade to better terms and obtain the BrightWay + credit card which has a higher credit limit without any annual fee. 

    Customers paying on time for six months are eligible for BrightWay+. They can enjoy a higher credit limit with reduced interest and no annual fee. 

    Making on-time payments for six months concludes what the company calls a ‘Milestone event’. Upon achieving four such milestone events, which means four consecutive six-month periods with on-time payment, customers will be eligible for BrightWay+. 

    How Much Cash Back Does the Card Provide?

    BrightWay credit cards offer a cashback of 1% on every purchase. 

    The total amount gets credited on the next billing cycle. While it’s an advantage no doubt, it’s modest at best. 

    Customers can enjoy higher cashback offers from other credit cards. 

    BrightWay Rates

    BrightWay credit card has a 26.99% APR on all purchases and cash advances. However, customers can lower the APR as they complete a milestone event every time. The lowest APR, as mentioned in its rewards program cannot go below 19.99%. Customers can avoid the interest by making full balance payments each month. 

    On the other hand, the annual fee for the BrightWay credit card ranges from $0 to $65. BrightWay+ users don’t have to pay any annual fee. 

    Additional expenses incurred by the user have to be informed by the company, which includes:

    • 3% or $10 for cash advances, whichever higher
    • A 3% or $10 balance transfer cost
    • 1% (in US dollars) for foreign transactions
    • Late payment fee up to $40
    • Card replacement fee up to $25. 
    • Receive cash back on net purchases defined as purchases minus returns and credits
    • APR for Cash advance and balance transfer is 26.99%

    You can also download the BrightWay app and manage your payments anytime and from anywhere

    To download the app:

    • Visit meetbrightway.com
    • Click the Download App button at the top right of the screen
    • Download from the App Store or Google Play

    Once you’ve downloaded the app, you can perform the following features:

    How to Contact Brightway Customer Service?

    Call: 1-866-207-9130 from 8 am to 11 pm EST Sunday – Saturday. 

    Address: OneMain Holdings, Inc 301 NW Second Street Evansville, IN 47708-1013

    BrightWay Credit Card: What to Remember?

    If you’re thinking of purchasing the BrightWay credit card, keep these points in mind:

    • APR for all purchases, cash advances, and balance payments stands at 29.74%.
    • Ensure to pay your debts on time each month. Failure to do so may result in accumulating more debt and interest fees.
    • The card has a high late payment fee of $40. 
    • You can set up automatic payments to avoid late fees. 
    • You’ll be charged extra if you use the card outside of the United States. A 1% foreign transaction fee applies to all transactions made outside the US. 

    BrightWay Credit Card is Good for

    The BrightWay credit card is a great option for individuals who want to improve their credit history. Thus, college students or newly working professionals can benefit from this as their first credit card. 

    Overall, there are better alternatives available with both – better value and rewards for users. 

    If you’re an existing credit card holder, make sure to check other options before applying. 

    Our Verdict: Is the Onemain Financial Credit Card Right for You?

    The OneMain Financial Credit Card offers a range of benefits, including a rewards program, low interest rates, no annual fee, and flexible payment options. However, it is important to consider the drawbacks as well, such as limited rewards, high interest rates for some applicants, and limited availability.

    If you are an existing OneMain Financial customer who is looking for a credit card with a rewards program and low interest rates, then the Onemain Financial Credit Card may be a good fit for you. However, if you are not already doing business with OneMain Financial or are looking for a more robust rewards program, you may want to consider other credit card options.

    Frequently Asked Questions

    What is the credit limit of BrightWay credit card?

    The BrightWay credit card comes with a credit of $500, while the BrightWay+ has a credit limit of $3000. The maximum credit limit cannot exceed $15,000. You can increase your credit limit by achieving the milestone benefits. 

    How much cashback does BrightWay offer?

    BrightWay credit cards offer a cashback of 1% on every purchase. The amount is automatically credited to the user’s account at the end of each billing cycle. 

    How can I get a BrightWay credit card?

    The card is presently available only upon an offering made by the company – OneMain Financial. However, the company aims to increase the allotment of cards shortly. 

    What are the benefits of BrightWay credit cards?

    • No security, over-limit, or activation fee
    • 1% cashback offer on all purchases
    • Customers can upgrade to better terms by achieving 4 milestone events. 

    How can I achieve a milestone event? 

    A milestone event can be achieved by on-time payments for six consecutive months. Upon the completion of this term, you’ll earn one ‘Milestone event’. 

    Complete four milestone events to upgrade to the BrightWay+ credit card for an increased credit limit and reduced interest fee. 

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