Who Issues the Avant Credit Card

The Avant Credit Card is issued by WebBank, a Utah chartered industrial bank based in Salt Lake City. Avant itself is a Chicago based fintech company that markets and services the card rather than lending the money directly.

WebBank issues the Avant Credit Card on the Mastercard network, while Avant handles marketing, the mobile app, and day to day account servicing. Avant built its original business around personal installment loans before expanding into a credit card product aimed at near prime borrowers. Apply directly at avant.com.

Avant was founded in 2012 and has grown into a well known fintech lender, with WebBank serving as a long standing funding and issuing partner across multiple Avant products, including a disclosed 250 million dollar investment relationship announced in the official WebBank newsroom in 2022.

Who Issues the Avant Credit Card?

WebBank is the actual issuing bank behind the Avant Credit Card, a common arrangement in fintech lending where a chartered bank handles the regulated lending function while a technology company like Avant manages the customer experience.

This means when you apply for an Avant card, WebBank technically approves the account and extends the credit line, even though Avant runs the application process, mobile app, and customer facing support.

You can log in to manage your Avant card account directly through the Avant website or mobile app. Customer service for billing and account questions is handled through Avant own support channels rather than WebBank directly.

What Is WebBank?

WebBank is a Utah chartered industrial bank that partners with numerous fintech companies to issue credit cards and loans, allowing those companies to offer lending products without holding a banking charter themselves.

Beyond Avant, WebBank issues cards and loans for several other well known fintech and retail partners, making it one of the more active behind the scenes bank partners in the online lending industry, a model explained in detail by independent financial reference coverage of the bank partnership structure.

What Does the Avant Credit Card Offer?

The Avant Credit Card is aimed at consumers with near prime or fair credit who may not qualify for cards from major direct issuers like Chase or Bank of America, positioning it as a bridge product for borrowers working to improve their credit standing.

The card reports payment activity to the major credit bureaus, which can help cardholders build or rebuild credit history over time when payments are made on schedule.

Avant also offers personal installment loans alongside its credit card product, giving borrowers more than one lending option under the same brand and mobile app.

Avant Card Vs Merrick Bank Card: How Do They Compare?

Avant and Merrick Bank cards both target consumers building or rebuilding credit, though Merrick Bank issues its cards directly while Avant relies on WebBank as its behind the scenes issuing partner.

Both card types typically carry higher interest rates than cards aimed at prime credit borrowers, reflecting the higher risk profile of the near prime and subprime lending market.

Applicants should compare specific fees and interest rates closely, since credit building cards vary widely in cost even when marketed to a similar credit profile.

Because Avant focuses on the near prime market, its card terms and fees are often more favorable than deep subprime cards, while still charging more than cards issued directly to prime credit borrowers.

What Credit Score Do You Need for the Avant Card?

The Avant Credit Card is designed for applicants with fair or limited credit history, generally in the high five hundreds to low seven hundreds, making it more accessible than cards aimed at prime borrowers.

Applying triggers a hard inquiry on your credit report, which may temporarily lower your score by a few points. Checking for a prequalification option before applying can give you a sense of your approval odds without a hard pull.

Fintech partnered cards like Avant have become increasingly common as more technology companies rely on chartered banks like WebBank to handle the regulated side of consumer lending.

Cardholders should read the full cardholder agreement carefully before applying, since fees, interest rates, and credit limit terms can vary significantly across near prime credit building cards.

Frequently Asked Questions

Is the Avant Credit Card issued by Avant directly?

No. The Avant Credit Card is issued by WebBank, a Utah chartered bank, while Avant handles marketing, the application process, and account servicing as the fintech partner behind the product.

Is Avant a real bank?

No. Avant is a fintech company rather than a chartered bank. It partners with WebBank, which holds the actual banking charter and legally issues the credit accounts on Avant behalf.

How can I talk to Avant Credit Card customer service?

Cardholders can contact Avant directly through the phone number listed on the back of their card or through the support section of the Avant mobile app and website for billing and account questions.

What’s the Avant Credit Card payment address?

Mailed payments should be sent to the address printed on your monthly statement, since Avant processes payments through a dedicated payment center. Always confirm the current address on your latest statement before mailing a payment.

What are the requirements to get the Avant credit card?

Applicants generally need to be at least eighteen years old, have a valid Social Security number, a US mailing address, and enough income to cover monthly payments, along with fair credit for the best approval odds. A full breakdown of what issuers typically look for is covered by the Consumer Financial Protection Bureau.

How do I make an Avant Credit Card payment?

Avant cardholders can pay online through their Avant account, through the Avant mobile app, or by mail using a check sent to the payment address on the statement.

How do I make an Avant Credit Card payment by phone?

Cardholders can call Avant customer service using the number on the back of their card to make an Avant Credit Card payment by phone, and a live representative is also available during business hours for help completing the payment.