Advertising
The Assent Platinum Mastercard® Secured Card is a great choice for building or rebuilding credit affordably.
The Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card is an attractive option for anyone looking to build or rebuild their credit history in an affordable and structured way.
This card is secured, which means it requires a refundable security deposit, but it offers benefits that go beyond traditional products in this category.
With a line of credit that can reach up to $2,000, it is accessible to those with a limited or even non-existent credit history, a great attraction for those who want to better manage their finances.
Assent Platinum 0 Intro Rate
Introductory 0% Annual fee.How does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card work?
This card works similarly to other secured credit cards, but with unique features that make it special. To get started, cardholders need to provide a security deposit of between $200 and $2,000, which will be used as collateral for the line of credit.
This deposit is refundable, but it also sets the user’s credit limit. This offers a practical way to manage spending while demonstrating financial responsibility.
The big difference with this card is the initial 0% interest rate period, valid for six months on all purchases.
This feature is rare on secured cards and can be highly advantageous for those who want to make larger purchases without accumulating additional debt during this period.
After the introductory offer ends, a regular interest rate of 12.99% applies, which is still competitive in the secured card market.
Another important point is that the Assent Platinum Mastercard Secured allows its users to report their credit activities to the three main agencies, which is essential for improving credit scores.
And for those who have little or no credit history, or who are trying to regain financial stability, this can be an indispensable tool for building a solid foundation.
Main benefits of Assent Platinum 0% Intro Rate Mastercard
The main advantage of this card is the balance between accessibility and functionality.
With a flexible credit limit and initial interest-free period, it offers users a real chance to rebuild their financial history without overextending themselves financially.
And unlike many other secured cards that can have exorbitant interest rates, Assent Platinum combines competitive rates with the security of regular reporting to the credit bureaus.
Another relevant benefit is its wide acceptance in thousands of establishments that accept Mastercard, including sectors such as travel and leisure. This means that the card can be used for various purposes, without restrictions on use.
Plus, fraud protection and free credit report monitoring provide an extra layer of security that few cards in the same category can offer.
While the $49 annual fee may put some off, it is justified by the benefits offered.
You will be redirected to the official website
Cons of Assent Platinum 0% Intro Rate Mastercard
The first negative point is the annual fee of $49, which can be a deal-breaker for some consumers, especially those on tighter budgets.
Although the card’s benefits offset this fee for many users, there are alternatives on the secured card market that do not charge this fee.
Another aspect that can be discouraging is the high security deposit, ranging from $200 to $2,000. Although the deposit is refundable, it can still be a barrier to entry for people who don’t have the savings available to make this initial investment.
APR and Fees
The regular 12.99% APR for purchases is one of the most competitive among secured cards, while cash advances have an 18.99% APR.
Additionally, late payments may incur a fine of up to $40, and returned payments are subject to a $29 fee. For foreign transactions, there is a 3% fee on the total purchase amount.
Finally, the minimum security deposit required is $200, but can go up to $2,000 depending on the line of credit desired. While this offers flexibility, it can be a disadvantage for those on a budget.
How to Apply for the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card?
To get started, the applicant must complete an online application form providing basic information such as name, address and bank details.
It is essential to have a valid bank account to complete the application, as the security deposit will be debited directly from it.
After approval, the holder must make the initial security deposit, which defines the credit limit.
The amount can vary between $200 and $2,000, depending on the applicant’s financial capacity and the conditions defined by the issuing institution.
This deposit is refundable when the account is closed or converted to an unsecured card, provided financial obligations have been met.
Additionally, 24/7 online access allows cardholders to track transactions, balances and payments with ease.
This helps you maintain financial control and avoid delays, especially since late payments can incur fines of up to $40.
