MyGenesisCredit: How to Manage Your Genesis Credit Account
With over 3 million active accounts, Genesis Credit is a provider of near-prime consumer financing options. If you are a first-time user, I will lead you through the procedures to create an online account with MyGenesisCredit. If you already have an online account, I will walk you through the procedures to login into your account and also show you how to make a payment.
MyGenesisCredit is a brand of Genesis Financial Solutions (GFS), a firm founded by a group of financial executives who shared the view that anybody and everyone deserves the opportunity or benefit of receiving quality credit financing.
Genesis is a corporation that provides financing to customers who have been turned down by a traditional lender. The genesis platform or organization is an unquestionable choice for any consumer seeking a prime-like financing experience. It is committed to meeting its clients’ demands and offering first-rate service.
The organization has made every effort to give near-prime consumers access to prime financing opportunities. In this scenario, a near-prime customer is a consumer or borrower whose credit score does not qualify him or her for the best loan interest rates.
In layman’s terms, this means that this consumer or borrower does not have the finest credit history (the record that demonstrates a borrower’s responsibility in repaying debts) to qualify for loans or obtain loans with favorable terms.
Genesis Credit System History: MyGenesisCredit Payment
MyGenesisCredit is a brand of Genesis Financial Solutions (GFS), a firm founded in 2001 by a group of seasoned financial services executives who believe that everyone should have access to high-quality credit lending. MyGenesisCredit specializes in “second-look financing” for customers who have been turned down by a prime lender but are still valuable customers who deserve to be financed. These “near-prime” customers want a prime-like financing experience, and Genesis meets this requirement with best-in-class service.
The Genesis Credit brand was launched in 2011 to address a demand identified by GFS as the country emerged from the 2008 recession. Too many people—people who had previously been authorized by major lenders—were being denied affordable financing because they had fallen behind on payments due to job loss, health issues, or other financial setbacks beyond their control. Add to that the many who avoid standard finance-lending opportunities and are confined to the “thin file” (those who cannot get approved for primary financing due to having no credit history, rather than a challenged one). Genesis Credit was formed on the principle that no one should be denied finance solely based on their FICO score.
Today, MyGenesisCredit is the leading provider of near-prime financial services, having originated $6 billion in assets and processing 12 million applications per year. Our Private Label Credit Card (PLCC) business has generated over $2.6 billion in originations and has grown by more than 40% since 2018.
Our domination in a range of merchant verticals is the foundation of Genesis’ leadership in the second-look finance business. We are pleased to announce that we are currently working with top merchants and healthcare practices in their respective industries, including eCommerce behemoths and more than a third of Furniture Today’s “Top 100.”
In addition, MyGenesisCredit is the servicing partner for Signet Jewelers, the world’s largest diamond jewelry retailer. It’s also worth remembering Genesis’ previous experience in the travel sector, which debuted in early 2014.
With nearly two decades of success, we owe our market leadership to our extensive consumer finance experience, knowledge base, cutting-edge risk models, and steadfast commitment to providing an amazing prime-like experience. Our in-house data science and statistical professionals are constantly developing new risk models, harnessing fresh data and approaches to react and respond to changing market situations swiftly and resiliently.
At MyGenesisCredit, we stand at the crossroads of company and consumer, taking the time to understand both parties’ needs and working to provide an amazing experience for all.
Providing High-Quality Financial Solutions to Merchants and Customers
MyGenesisCredit Financial Solutions is a group of seasoned consumer finance professionals that believe that everyone should have access to high-quality credit lending.
We specialize in servicing “second-look financing” for customers who have been turned down by a prime lender but are just below the prime barrier, as well as processing direct-to-consumer credit cards for customers who are establishing or rebuilding their credit.
Merchant Solutions: MyGenesisCredit
Through our Genesis Credit solution and our bank partner ties, we collaborate with the nation’s best merchants to develop great in-store and online lending products for non-prime clients. At Genesis, we provide a reliable, stable, and innovative platform that is tailored to the needs of our partners.
Direct-to-Consumer Solutions: MyGenesisCredit
We provide direct-to-consumer credit cards for usage at any business that accepts Mastercard under the Indigo and Milestone Mastercard brands.
Genesis Credit Provides Credit Cards
Direct-to-consumer credit cards allow you to build and access credit.
The DestinyTM Mastercard®, Indigo® Platinum Mastercard®, and Milestone® Gold Mastercard® are created exclusively for people with less-than-perfect credit. These credit cards are an excellent resource for showing safe credit usage. Consumers can use the cards to buy things and services to suit their daily requirements.
Specifications of the product
- Quick pre-qualification with no impact on credit score
- Free custom card design
- 24/7 access to credit account by mobile, desktop, or tablet
Genesis provides the following cards
The Destiny MasterCard
Non-prime clients can use our assistance to purchase high-quality goods and services without draining their savings accounts.
Even if you have a prior bankruptcy or poor credit, the DestinyTM Mastercard® can help you reach your financial goals. The Destiny Mastercard, unlike a debit card, is reported to the three major credit bureaus.
The Indigo Platinum MasterCard
The Indigo® Platinum Mastercard is created exclusively for people with less-than-perfect credit. With only a few details, you’ll be pre-qualified for the Indigo Platinum Mastercard. Your credit score is unaffected by our pre-qualification process. When you apply for and get authorized for the Indigo Platinum card, your usage is recorded to all three main bureaus.
Milestone Gold MasterCard
The Milestone® Gold Mastercard® provides an easy way to accumulate and access credit. The Milestone card allows you to meet your daily necessities and marks one potential milestone on your path to sustainable credit management.
The cards are issued by
- The Destiny Mastercard is issued by First Electronic Bank, an FDIC-insured institution.
- The Celtic Bank Indigo Platinum Mastercard is issued by Celtic Bank, a Utah-chartered industrial bank and FDIC member.
- The Milestone Gold Mastercard is issued by The Bank of Missouri, an FDIC-insured institution.
How Do I Make Use of My Genesis Credit?
The query is, “How does my Genesis Credit Work?”
It is worth noting that the company provides credit cards to near-prime consumers (you can always refer upwards for the definition). My Genesis Credit offers three types of credit cards to these customers. A synopsis of them is was explained above.
Credit Cards from Genesis Annual Charge
This company provides three types of credit cards with their annual charges:
- Destiny Mastercard, with an annual charge of $55-99 and a 24.9 percent APR (annual percentage rate).
- Indigo Platinum Mastercard, with an annual charge of up to $99 and a 24.9 percent continuing APR
- Milestone Gold Mastercard, has an annual charge ranging from $35 to $99 and a continuing APR of 24.9 percent.
Who Has Access to My Genesis Credit Cards?
Because the platform was designed for near-prime and nonprime users, credit cards are exclusively issued to these individuals (consumers with credit scores under 669). This means that practically everyone, regardless of their situation, can qualify. If you do not qualify for a card, the issuer may recommend a card from another bank.
Genesis Credit Card Requirements
The following are the prerequisites for candidates applying for Genesis Credit cards:
- The applicant must be legally regarded as an adult in the state in which they live (18 in most states and 19 in Alabama).
- The applicant must show appropriate photo identification at the time of application.
- Applicant must have a valid United States shipping address. Postal boxes are not accepted as genuine addresses.
- The applicant must be in possession of a valid social security number.
- The applicant must reveal his or her net monthly income and provide proof of income (if any).
- Candidate must have a good credit history.
- The applicant must have a low credit score at the very least. Customers with bad or low credit ratings are welcome to apply.
- The applicant’s contact information must be provided.
Applicants who match the aforementioned qualifications are quite likely to be approved for Genesis Credit cards.
Where Can I Apply for a Genesis Credit Account? MyGenesisCredit
If you’ve been wondering, “Where Can I Use My Genesis Credit Card?” Here’s your response. This platform’s credit cards can be used anywhere a master card is accepted or exclusively at the specific merchant with which your card is linked.
- The genesis shop credit cards cannot be used any place other than the store that they are branded with, for example, home depot store cards can only be used at home depot.
- The genesis master card can be used in any place a master card, such as the indigo master card, can be used.
- www.mygenesiscredit.com Register
- My Genesis Credit’s main website is www.mygenesiscredit.com. You can access the platform’s various benefits via this website. Follow the steps below to register for this platform.
- Go to mygenesiscredit.com, the official website.
- The login page can be found on the home page.
- Because you do not yet have an account, click on register your account.
- After that, fill in the relevant information and click on the register button.
You have successfully made an account if you followed the steps outlined above. You can now access your account at any time of day.
Steps to Login to MyGenesisCredit
We frequently encounter challenges in our digital banking experiences. If you already have a Genesis Credit account. You can effortlessly log in and access your account from anywhere. All you need is your username and password, and then follow the easy steps outlined below to access your MyGenesisCredit online account.
- First, go to this website: https://mygenesiscredit.myfinanceservice.com/Account/Login.
- After that, simply enter your login and password into the required fields.
- Once you’ve completed all of this, simply click the final Log-in button.
- It is now finished, and you are finished as well.
You can now access your account at any time of day by following the instructions outlined above.
How to Make a Payment on Your Genesis Credit Card www.mygenesiscredit.com payment
We’ll show you how to pay your genesis credit card account online. You can accomplish this using the following methods:
You can pay your Genesis credit card online, via phone, by MoneyGram, or by mail. To pay a Genesis credit card bill online, go to the Genesis website and look for the Bill Pay area towards the top of the page. You will be required to provide a bank account, as well as the amount and date of your payment.
You can also pay your Genesis card bills over the phone by dialing 866-502-6439. To make a payment, enter your entire credit card information and follow the steps. To make a payment by MoneyGram, find your nearest MoneyGram location and put Genesis FS Card Services as the Company Name.
If you want to use MoneyGram to make a payment, you’ll need the following information: MoneyGram locations can be found at www.moneygram.com.
Genesis FS Card Services is the name of the company.
4911 is the Receive Code.
If you have a MoneyGram account, you may be interested in learning how to log in to your MoneyGram online account.
The deadline for online payments is 5:00 p.m., Pacific Time. This implies that if they receive your online payment before 5 p.m. Pacific Time, it will be credited to your account on the calendar day it was received. If they receive your money after 5 p.m. Pacific Time, it will be credited on the following calendar date.
Their customer service begins with the sale and does not finish with the sale.
How to Create an Online Account with MyGenesisCredit
To do anything on the MyGenesisCredit login page, you must first create an online account. Register for the Following Online Account Advantages:
- Account Access Available 24 Hours a Day, 7 Days a
- Online Bill Payment Is Free
- View Account Statements and other information!
To register for an online account, please visit https://mygenesiscredit.myfinanceservice.com/ Register and fill out the form with your;
- Last Name
- Zip Code
- Birth Date
- Social Security Number
After completing the form, click or touch “Next” to continue.
Benefits mygenesiscredit Offers to Employees
Maintaining Your Health
Medical, Dental, and Vision Plans at Reasonable Prices
To keep employees and dependents healthy at an affordable cost, Genesis offers both a regular PPO and a High Deductible Health Plan (HDHP). Employees and dependents become eligible on the first of the month following or coinciding with their first month of employment.
Flexible Spending Accounts for Health Care and Health Savings Accounts
Employees can set aside pre-tax cash to pay qualified out-of-pocket health care expenses with a Health Care Flexible Spending Account or a Health Savings Account.
Investing in a Secure Future
The Genesis Financial Solutions 401(k) Retirement Plan enables employees to save and invest tax-free money for retirement through pre-tax and/or Roth contributions. Employees are entitled to enroll in the 401(k) plan after 90 days of service on the first of the month.
Programs for Paid Time Off
Vacation Genesis understands the significance of time off and provides time off for full-time and part-time employees (>20 hours per week) to relax, replenish, and pursue other interests.
Sick Leave
Annual sick time allowance is offered to regular full-time and part-time employees (>20 hours per week).
Holidays
Genesis additionally provides qualifying employees with one Floating Holiday every calendar year.
Life Insurance
Genesis provides employer-paid life/AD&D insurance, as well as voluntary life insurance/AD&D choices for purchase.
Enhancing Your Life
Employee Referral Scheme
Employees who refer successful candidates will be awarded up to $1,000 to encourage them to refer persons they believe would be a good fit for the Genesis team.
Employee Assistive Services
Employees and their immediate family members may obtain confidential therapy sessions and crisis assistance at no cost through our EAP.
Tuition Reimbursement/Assistance
Genesis emphasizes the importance of professional development and offers financial assistance to eligible employees who enroll in authorized educational courses.
Employee Recognition
Every first Wednesday of the month, there are free meals (Beaverton location only)
Every Thursday, there is an on-site massage clinic and food carts (Beaverton location only)
Employee Milestone Anniversary Celebrations Throughout the year, the company hosts a variety of events.
Obtaining Genesis Credit
The following are the processes to apply for a Genesis credit card:
- Go to the Genesis Credit official website.
- Select the option to apply for their credit cards.
- You’ll be taken to an online application form. Fill out the form completely.
- Enter submit after checking the boxes for terms and conditions and evaluating the application form.
- In a few business days, you will be notified of the status of your application.
Genesis Credit has no physical locations, thus applicants cannot apply in person. All work must be completed electronically.
Careers
Working at Genesis Financial Solutions® Has Its Advantages
Join a dynamic and exciting work environment
We’re fortunate to work with brilliant, fun, and sincere people who genuinely like what they do. We look for people who want to make a difference and who share our values and feeling of community.
We provide competitive compensation, outstanding benefits, and a positive work atmosphere centered on our core values of respect, learning, accountability, honesty, and the challenge of contributing to our organization’s continuous success.
Credit Evaluation Method
As previously stated, Genesis Credit obtains reports and ratings from FICO and Experian. TransUnion and Equifax are not frequently used, so applicants should bear that in mind. Genesis Credit examines the reports to assess whether or not the applicant can be trusted with credit cards. Credit reports and ratings are determined by a variety of things. Customers’ card usage, spending limit, the quantity of money in the customer’s account, billing history, dues left, credit history, and payment history are among the elements that decide them. They approve the majority of their applications as long as they meet the conditions and the applicants intend to use their cards responsibly.
It should be mentioned that they also report all major credit bureaus on their clients’ credit card activity. Genesis Credit works with which credit bureau? Genesis Credit reports to the credit bureaus at the end of each month, following the end of the payment cycle. This is done to ensure that the credit information of their consumers is current and relevant.
The Benefits and Drawbacks of Genesis Credit Cards
The following are the benefits and drawbacks of Genesis credit cards:
Pros
- These cards have very low credit score requirements.
- They are unsecured.
- They are quickly accepted for commercial use.
- They are safe for client use.
- They are ideal for increasing credit ratings.
Cons
- Customers receive fewer rewards for shopping;
- Cardholders are unable to expand their credit lines; and
- Charge annual fees on their cards.
Frequently Asked Questions – FAQs
Where can Genesis Credit cards be used to make purchases?
Genesis credit cards can be used to make purchases everywhere MasterCard is accepted.
Can Genesis Credit customers increase their credit limits?
No, clients with Destiny and Indigo Platinum MasterCards can increase their credit limits.
How can I prevent paying late fees?
Check the Payment Due Date and monthly Minimum Payment Due as soon as you receive your monthly billing statement. Make sure you pay at least the monthly minimum amount by the due date each month. Please allow at least seven (7) business days for postal delivery if you send your money. You can also make a payment online using our website or call us to make a payment over the phone.
When will my online payment be reflected in my account?
The deadline for online payments is 5:00 p.m., Pacific Time. This means that if we receive your online payment before 5 p.m. Pacific Time, it will be credited to your account on the calendar date it was received. If we receive your payment after 5 p.m. Pacific Time, we will credit it as of the following calendar date.
How long will it take for a credit to reflect on my account if I return products to a shop or receive credit from a merchant for services?
It may take up to four days for the credit to reflect on your account after the shop submits it to us.
How can I get an online copy of my Account Agreement?
You can view generic agreements by selecting “View Account Agreements” on the homepage, or you can request your personal agreement by choosing “View/Request Account Agreements” after logging into your account. Simply select “Information Central” from the “Customer Center” menu on the left side of any page (you must be logged in to your account). Click the “View/Request Account Agreement” link under “Manage Communications,” verify your address, and submit your information. We will mail your Account Agreement within 7 – 10 business days after you complete and submit the form.
What exactly is accessible credit?
Your credit limit minus your existing balance and the amount available for use equals your available credit. Please bear in mind that your available credit on your account may not display a payment for up to 14 days as we verify funds.
Conclusion
Genesis Credit provides credit cards that are affordable to the majority of applicants. Even applicants with low credit scores who want to use credit cards to shop and improve their credit scores can easily obtain credit cards. Every month, they collect FICO and Experian scores and report them to them, as well as TransUnion and Equifax. However, their lack of shopping rewards, lower credit limits, and fewer advantages might also put individuals off. It is nonetheless strongly advised for persons with poor credit to do so in order to improve their credit scores. They can apply for other cards with greater perks after their scores have improved.
