The Assent Platinum MasterCard credit card

If you are looking for a credit card that is fully insured.

But it does not require you to be a high-credit consumer; the Assent Platinum MasterCard is for you. This is because with the Assent Platinum MasterCard secured credit card, you will not need a credit too high since your security deposit is only USD 200.

Of course, it has its main disadvantage: the Assent Platinum MasterCard credit card is not available to anyone who has been or is currently a resident of Iowa, New York, Wisconsin, or Arkansas.

If you don’t have the inconvenience of residence in one of those states, then let us show you everything you will get if you decide to apply for it. Pay attention.

What should you know about the Assent Platinum MasterCard credit card?

It is a secured credit card, which means it can quickly raise your credit score or efficiently repair it if you have a negative one.
There is a minimum amount for your security deposit, which is USD 200, and it will serve as your initial credit.
You will have to pay an annual fee of USD 49. Yes, we know that there are secured cards that do not charge any annual fee, but the Assent Platinum MasterCard credit card will include this fee, and you will also have to pay a fee for late payments or for making a foreign transaction.
You will not have to pay account opening or maintenance fees recurrently.
You’ll enjoy up to 0% APR on purchases for 180 days after the account opening.
You will have a secured credit card that will monthly send a report to the most crucial credit bureaus in the US so that you can solidly establish your credit history.
The Assent Platinum MasterCard credit card is ideal for renting cars on your trips or booking hotel rooms where you want to stay. This is because MasterCard backs it.
The guaranteed line of credit is due to your security deposit, which is fully refundable and ranges from a minimum of USD 200 to a maximum of USD 2,000.
The Assent Platinum MasterCard credit card is part of a nationwide program, so it’s available in almost every US state.
You can expedite your application’s approval if you pay a fee of USD 19.95.

Fees that you must pay with the Assent Platinum MasterCard credit card

The initial purchase APR also called the introductory APR, is 0.0% for the first six months after your account is open.
The regular purchase APR is 12.99% (which can be variable).
BT Introduction fee APR does not apply.
BT’s regular APR rate does not apply.
The account termination fee has a value of USD 49.
Cash withdrawal fees charge USD 10 or 3% of the total amount requested, whichever is greater.
The foreign transaction fee is 3% of the total transaction amount.
Balance transfer fees don’t apply.

Benefits of the Assent Platinum MasterCard credit card

It is a card focused on the creation of a credit history

As the title already states, the Assent Platinum MasterCard credit card is ultimately designed to help users create, build or repair credit history.

This is because, according to what was stated by Synovus Bank, anyone is eligible for the application for this card, regardless of their credit history. Although, further investigation on the official page brings up an essential condition worth mentioning.

It would be best if you did not have a pending bankruptcy filing or not be charged by the court.

Without this inconvenience, you must make your security deposit and meet the federal government’s income and identity verification requirements.

It will give you an introductory APR for your purchases

It is a positive point and rare among insured cards, so do not hesitate to make the most out of it.

The best part is that your purchase APR is limited, and you need to be able to finance a more significant investment for a few months; you can request it with the Assent Platinum MasterCard credit card.

The good news is that for the first six months, you will have an introductory APR of 0%, and after this time, it can end up being 12.99%.

Very friendly APR

A common problem with credit creation cards is that they usually have an extremely high-interest rate (APR).

However, the Assent Platinum MasterCard credit card goes against that trend and gives you a reasonably friendly interest rate of only 12.99%.

The annual fee is low.

If cardholders value something, it is that the annual fee is low, and although most insured cards do not include it, those that do have amounts well above the Assent Platinum MasterCard credit card, which is USD 49.

The foreign transaction fee

Yes, the Assent Platinum MasterCard credit card is fully insured and can be used in any establishment within the United States where the MasterCard is accepted. If you travel outside of American territory, you will have to pay an extra fee on your next credit statement bill.

Every transaction you make will generate a 3% interest when traveling abroad. However, it is extremely low or directly competitive compared to other interest rates!

Keep in mind this is a credit card made for creating a credit history from scratch or repairing one damaged in the past.

This means you must be careful since this is not a card to hold forever. Instead, it would be better used for a brief period while creating a credit score, and you can apply to credit cards with more significant benefits.

As you can see, the Assent Platinum MasterCard credit card has multiple advantages and some conditions that are worth reviewing with a magnifying glass. Tell us, is it what you need?