Mission Lane Visa Payoff Calculator, Subprime APR 2026

Card data, May 13, 2026

• Issuer: Transportation Alliance Bank (TAB Bank). Mission Lane is the brand and servicer.
• Network: Visa
• APR: 19.99-29.99 percent typical, with most new approvals at 29.99 percent
• Annual fee: $0 to $59 depending on the offer (some prequalifications waive it; others apply $35-59)
• Foreign transaction fee: 3 percent
• Late fee: up to $40
• Rewards: standard Mission Lane Visa has no rewards. The Mission Lane Cash Back Visa variant offers 1-1.5 percent on select categories
• Balance transfer: not offered as a promotional product
• Reporting: all three major bureaus
• Approval: FICO-based, 580+ typical, no security deposit required
• Minimum payment: the greater of $25 or 1 percent of balance plus interest and fees

Source: Mission Lane terms, verified 2026-05-13.

Who Mission Lane targets

The 580-660 FICO band is the subprime tier. Mission Lane is one of the few unsecured cards available without a security deposit at the bottom of that range, which is its primary value proposition for credit-rebuilders. Capital One Platinum, Credit One, and Indigo Mastercard compete in roughly the same band.

Math worked example

A $5,000 balance at 29.99 percent APR, $200 a month payment:

• 47 months to payoff
• $4,237 interest paid
• Total cost: $9,237

Same balance at $300 a month:

• 23 months to payoff
• $1,762 interest
• Total cost: $6,762

Going from $200 a month to $300 a month saves $2,475 in interest and shortens payoff by 24 months. At 29.99 percent, the cost of slow payoff is brutal.

For comparison, the same $5,000 at $200 a month on a 22 percent APR (general-purpose card average per CFPB) costs $2,260 in interest over 33 months. The Mission Lane APR adds roughly $1,977 in extra interest on the same payoff plan.

Run your specific Mission Lane numbers

The pillar tool handles Mission Lane’s typical 29.99 percent APR. Find your specific rate on your statement or in the Mission Lane app. Plug balance and payment in to see months to payoff and total interest.

Why Mission Lane APR is at 29.99 percent

State usury caps in most US states are above 30 percent or have no cap due to federal preemption (Marquette decision). TAB Bank is based in Utah, which has no usury cap, allowing it to export the 29.99 percent rate to all 50 states.

Why 29.99 specifically? It is the highest single rate that fits under most state credit card disclosure rules without triggering additional disclosures. It is the de facto ceiling for “high APR” cards in the subprime market.

The CFPB’s 2025 Consumer Credit Card Market Report (consumerfinance.gov) shows subprime-tier APRs averaging 27-29 percent. Mission Lane is at the top of that range.

Why no balance transfer offer

Mission Lane does not run 0 percent APR balance transfer promotions. The card’s economic model relies on interest revenue from revolvers in the 580-660 FICO band; offering 0 percent intro APRs would not match the underwriting risk profile.

If you want to transfer a Mission Lane balance, the move is outbound to a different issuer’s 0 percent transfer card. Qualifying with a 580-660 FICO is hard; you may need to rebuild for 6-12 months first.

Avalanche priority

A Mission Lane card at 29.99 percent APR is almost certainly your highest APR if you have any other cards. It is the unambiguous avalanche priority. Pay minimums on everything else; put every extra dollar toward Mission Lane.

Mission Lane vs Capital One Platinum for subprime applicants

Both are unsecured no-rewards cards targeting the same 580-660 FICO band:

Capital One Platinum has no annual fee floor and no foreign transaction fee, which makes it cheaper to hold if Mission Lane’s offer comes with a $35-59 annual fee. Mission Lane edges Capital One if your offer comes through with the $0 annual fee variant.

Graduation path

After 6-12 months of on-time Mission Lane payments and utilization under 30 percent, your FICO typically improves into the 640-680 range. At that point, Discover it Secured (graduates to unsecured) and the Petal 2 Visa become viable upgrade paths. After 18-24 months of consistent on-time history, prime cash back cards (Wells Fargo Active Cash, Citi Double Cash) come into range.

The Federal Reserve’s G.19 Consumer Credit report tracks the spread between prime and subprime APRs. Building to a 700+ FICO can cut the carried-balance interest rate by 6-10 percentage points, which is the long-term payoff of the rebuilding work.

Should you close Mission Lane after graduating?

If your Mission Lane card has an annual fee, closing it once you have a no-fee prime card is reasonable. Pay the balance to zero, then call to close. If the card has $0 annual fee, the standard advice applies: leave it open at zero balance to preserve average account age.

Behavior that triggers penalty APR

Mission Lane’s penalty APR (typically 29.99 percent on a card that may already be at that rate, so no change for many cardholders) triggers on 60+ days late. The behavioral cost of a missed payment is the 30-day FICO ding, which can cost 60-100 score points and set back the rebuilding timeline by 6-12 months.

Other subprime and credit-builder cards

• Petal 1 Visa payoff calculator
• Petal 2 Cash Back payoff calculator
• Chime Credit Builder payoff calculator
• Capital One Quicksilver payoff calculator

Related

• Credit card payoff calculator (home)
• Credit card payoff by card type
• Avalanche vs snowball method
• Minimum payment trap calculator

Frequently asked questions

What is the APR on the Mission Lane Visa?

19.99-29.99 percent variable as of May 13, 2026, per the Mission Lane card page, with most new approvals at the 29.99 percent ceiling. Your specific APR was set at application based on your FICO and credit profile. The card is issued through Transportation Alliance Bank, based in Utah, which has no state usury cap.

Does Mission Lane charge an annual fee?

It depends on the offer extended at application. Mission Lane runs a mix of $0, $35, and $59 annual fee tiers. The fee is disclosed in the pre-approval offer before you formally apply. Higher-FICO applicants typically receive the $0 fee tier; sub-600 FICO applicants often see $35-59.

What credit score do I need for Mission Lane?

Mission Lane typically approves applicants from FICO 580 upward, sometimes lower. The card is positioned for the subprime tier as an unsecured alternative to secured products like Discover it Secured or Capital One Quicksilver Secured.

Can I balance transfer to Mission Lane?

No. Mission Lane does not run 0 percent APR balance transfer promotions. The card’s revenue model relies on interest from carried balances. If you want to consolidate, the move is to transfer a Mission Lane balance outbound to a different issuer’s 0 percent card once you qualify.

Should I get Mission Lane or Capital One Platinum?

Both target similar applicants. Capital One Platinum has a guaranteed $0 annual fee and $0 foreign transaction fee, which makes it the cheaper hold for international spenders. Mission Lane can have a $0 fee variant for stronger applicants and may be the path of least resistance if Capital One declines. Apply for whichever offers prequalification without a hard pull first.