![Assent Platinum Mastercard Secured Credit Card](https://memivi.com.br/wp-content/uploads/2022/07/P2_ASSENT.png)
You’ll discover numerous excellent options with no yearly fees, which is helpful provided that you want to still pay a deposit. The Assent Platinum Mastercard Secured Credit Card, on the contrary, is distinguished in two ways. First, it features a really low standard buying APR for a secured card: 14.49 percent. compared, rivals frequently offer variable APRs of up to twenty. Second, when you open your account, you will be eligible for a 0% intro APR for the first six months, followed by a variable APR of 14.49 percent.
With a minimum deposit of $200, your maximum balance is $200 once you pay the $49 yearly charge. Its 6-month 0% APR and low continuing APR may well be beneficial, but if you’re seeking to enhance credit, you must aim to pay your debt fully monthly.
If you would like to enhance your credit, look for a secured card with no annual charge that reports to any or all three major credit agencies. Then, each month, spend cautiously and pay off your entire debt. You will consistently establish an excellent credit score without looking at gimmicks, which opens the door to more powerful cashback and travel cards.
Frequently Asked Questions about Assent Platinum Mastercard Secured Credit Card
- Which states are offering the Assent Platinum Mastercard Secured Credit Card?
You are not able to submit an application for the Assent Platinum Mastercard Secured Credit Card if you reside in Arkansas, Iowa, New York, or Wisconsin.
- Are there any upgrades to an unsecured credit card available with the Assent Platinum Mastercard Secured Credit Card?
By using your card responsibly and making timely payments on your balances, you may raise your credit score. You will be able to qualify for a standard credit card after your credit scores rise.
- Can I acquire the Assent Card if I’ve had bankruptcy in the past?
Yes. Due to the requirement of a security deposit, secured cards like the Assent Platinum Secured Credit Card are the best option for people with poor credit, no credit, or a difficult financial past.
Rates and fees of Assent Platinum Mastercard Secured Credit Card
Annual Fee: The Assent Platinum Mastercard Secured Credit Card charges creditors for an annual fee of $49.
Late Payment Penalty Fee: A $40 fine may be applied to any late payments. Additionally, the fee for returned payments is $29.
Returned Payment Fee: The Assent Platinum MasterCard Secured Credit Card has a return payment that sums up to $30.
Foreign Transaction Fee: There is a 3 percent transaction charge if you use the Assent Platinum MasterCard Secured Credit Card outside of the United States.
Interest Rate: For six months, there is a 0% intro APR on purchases. After the introductory rate expires, your continuing APR will be that amount, which is very low at 14.49 percent.
Minimum Credit Score needed: There is no credit score needed upon availing Assent Platinum MasterCard Secured Credit Card.
Other fees: The card’s usual APR for 14.49% variable based on the prime rate, and cash advances are either $10 or 3% of the amount of each cash advance, whichever is greater. And it also requires a minimum deposit of $200.
Final Thoughts
![Assent Platinum Mastercard Secured Credit Card](https://memivi.com.br/wp-content/uploads/2022/07/IMG_ASSENT.png)
Before making a decision, it is important to conduct some thorough comparison shopping among the available secured credit card possibilities. Obtaining a secured card probably indicates that you are working to repair your credit. Unfortunately, this situation gives you fewer truly excellent alternatives.
As secured cards go, the Assent Platinum Mastercard Secured Credit Card is just an unsatisfying “Ok.” It doesn’t have any glaring flaws, but it also doesn’t distinguish itself from the competition.
The Assent Platinum Mastercard Secured Credit Card’s unimpressive presence makes it a reasonable pick if you don’t mind paying an annual fee. Don’t be swayed by the promotional APR offer and the cheap regular purchase APR. Carrying debt on a secured card to improve your credit is not advised.
The Assent Platinum Mastercard Secured Credit Card will not charge you expensive fees, and the variable security deposit is quite useful. There may be more secure cards available, but you could certainly do a little worse.
The Assent Platinum Mastercard Secured card has a few characteristics that are uncommon in secured cards. It acts more like a standard credit card, but with the benefits and security of a complete Mastercard.