Assent Mastercard Secured Credit Card Review

Get ready to take a significant step towards building a stronger financial future with the Assent Mastercard Secured Credit Card!

Think of the Assent Mastercard as your partner in credit building. By providing a security deposit, which typically sets your credit limit, you’re creating an opportunity to demonstrate responsible credit habits. 

With features geared towards credit reporting and the potential to earn rewards, this card empowers you to take control and work towards your financial goals with confidence. It’s an exciting opportunity to lay a solid foundation for your credit journey!

CREDIT CARD

Assent Secured Platinum

No Minimum Credit History Reports Credit Bureaus

APPLY NOW You will be redirected

Key Benefits of the First Latitude Assent Mastercard Secured Credit Card!

1. Opportunity to Build or Rebuild Credit: This is the cornerstone of the Assent card! It’s designed for those with limited, poor, or no credit history, providing a solid opportunity to establish or improve your credit profile. What a great way to get started or back on track!
2. Reports to All Three Major Credit Bureaus: Your responsible card usage gets noticed! Payments and account history are typically reported to Experian, Equifax, and TransUnion, which is essential for building a comprehensive credit history.
3. Secured by Your Own Deposit: You provide a refundable security deposit (typically ranging from $200 to $2,000) which usually becomes your credit limit.
4. Potential for Credit Line Increases Over Time: While it starts as a secured card, there may be opportunities to increase your credit line (up to a certain limit, like $5,000, with additional deposits) over time, giving you more flexibility.
5. Accepted Worldwide: As a Mastercard®, you can use it for purchases online, in stores, for car rentals, and hotels wherever Mastercard is accepted. It’s convenience you can count on!
6. All Credit Types Welcome to Apply: Don’t let past credit challenges hold you back from applying. This card is designed for a wide range of credit situations, including discharged bankruptcies.
7. Credit Reporting Starts Immediately: Once your account is open, your credit reporting journey begins. Consistent on-time payments are key to building that positive history from day one!
8. Online Account Access: Manage your account conveniently online, 24/7. Check your balance, make payments, and monitor your activity with ease.
9. Fraud Protection: Benefit from Mastercard’s security features, which typically include $0 liability for unauthorized purchases, giving you peace of mind.

Who Can Apply?

The First Latitude Assent Mastercard Secured Credit Card is designed for accessibility, especially for those focused on credit building:

• Age: You must generally be at least 18 years old.
• Residency: You typically need to be a U.S. resident with a valid physical U.S. address.
• Identification: A Social Security Number (SSN) is usually required.
• Security Deposit: You must be able to provide a security deposit (e.g., $200 – $2,000) which will determine your credit limit.
• Bank Account: You will likely need a U.S. bank account to fund the security deposit and make payments.
• Credit History: While all credit types are welcome to apply, including those with limited or poor credit, or even a past bankruptcy, approval is not guaranteed. The focus is on providing a chance to build or rebuild.

How to Apply?

Applying for the First Latitude Assent Mastercard Secured Credit Card typically involves these steps:

1. Visit the Official Application Website: Navigate to the secure application page provided by First Latitude/Assent Card.
2. Complete the Application Form: Fill out the online application with your personal information.
3. Agree to Terms and Conditions: Carefully review the cardholder agreement.
4. Fund Your Security Deposit: If your application is approved, you will need to provide the security deposit. 
5. Receive and Activate Your Card: Once your deposit is processed and your account is fully set up, you’ll receive your card in the mail. 

Frequently Asked Questions

1. What is a secured credit card? A secured credit card requires a cash security deposit that typically becomes your credit limit. It’s designed for individuals looking to build or rebuild credit. The deposit reduces the risk for the issuer, making it easier to get approved even with a less-than-perfect credit history.
2. How does this card help build credit? The card issuer reports your account activity (like payments and balances) to the three major credit bureaus (Experian®, Equifax®, and TransUnion®). By making on-time payments and keeping your balance low relative to your credit limit, you can establish a positive payment history, which is a key factor in building a good credit score.
3. Is the security deposit refundable? Yes, the security deposit is generally refundable. If you close your account in good standing (meaning you’ve paid off any outstanding balance and fees), your security deposit will typically be returned to you.
4. Are there any fees associated with this card? The First Latitude Assent Mastercard® Secured Credit Card advertises a $0 annual fee. However, there can be other fees, such as late payment fees, returned payment fees, or a foreign transaction fee (e.g., 3%). It’s always crucial to review the card’s official terms and conditions for a complete list of fees.

CREDIT CARD

Assent Secured Platinum

No Minimum Credit History Reports Credit Bureaus

APPLY NOW You will be redirected