Credit Cards

Ally Platinum Mastercard® review: boost your credit fast!

Looking for a budget way to build your credit? Read our review of the Ally Platinum Mastercard® for more information!

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Automatic credit limit increases: Ally Platinum Mastercard® improves your credit!

Ally Platinum Mastercard®
Ally Platinum Mastercard® review: boost your credit fast! Source: The Mad Capitalist

Welcome to our review of the Ally Platinum Mastercard®! If you’re in the market for a low-cost card to build your credit, you may want to consider this invitation-only option.

Ally Platinum Mastercard®

Apply for Ally Platinum Mastercard®

Apply for the Ally Platinum Mastercard® to revive your credit score. Our step-by-step guide makes the application a breeze. Read on!

We’ll take a closer look at the features of this card, including its lack of an annual fee, automatic credit line increases, and free FICO® score updates. Read on!

  • Credit Score: All types of credit;
  • Annual Fee: $0;
  • Purchase APR: 17.99%-28.99%, variable;
  • Cash Advance APR:  Not disclosed;
  • Welcome Bonus: None;
  • Rewards:  N/A.

Ally Platinum Mastercard®: how does it work?

The Ally Platinum Mastercard® is a cheap alternative to building credit. However, users can only get this card if they receive an invitation from the bank.

One of the great things about the Ally Platinum Mastercard® is that it doesn’t come with an annual fee.

Not having an annual fee is especially beneficial if you’re trying to improve your credit, as it allows you to focus on paying off your balance without additional costs.

Automatic Credit Line Increase Reviews

Another standout feature of the Ally Platinum Mastercard® is that it comes with automatic credit line increase reviews.

So, the issuer will regularly review your credit account and may increase your credit limit if they deem it appropriate.

A higher credit limit can be beneficial as it can improve your credit utilization rate, which can help improve your credit score.

Free Online FICO® Score

The Ally Platinum Mastercard® provides a free online FICO® score that is updated quarterly.

Then cardholders can keep track of their credit score and monitor any changes that occur.

Knowing your score can help you make educated decisions regarding your finances and can also help you identify areas where you need to improve.

No Foreign Transaction Fees

Young bearded man in glasses holds credit card and smartphone is
Discover what this credit card has to offer! Source: Adobe Stock

If you travel frequently or buy products from overseas, you’ll be glad to know that the Ally Platinum Mastercard® doesn’t come with foreign transaction fees.

So, you won’t pay extra for using your card outside the United States.

Not having foreign transaction fees is especially important if you’re on a tight budget and are trying to save money.

Multiple personalized credit card offers

Applying won't hurt your credit score

You will be redirected to another website

No Over-The-Limit Fees or Returned Payment Fees

The Ally Platinum Mastercard® has no over-the-limit fees or returned payment fees.

So, if you accidentally exceed your credit limit or make a late or returned payment, you won’t be charged a fee.

Not having these fees helps you avoid additional costs and gives you peace of mind, knowing you won’t be penalized for small mistakes.

Ally Platinum Mastercard®: should you get one?

The Ally Platinum Mastercard® is a suitable option for building credit. If you need to do it and consider this card, evaluate its advantages and drawbacks beforehand.

Pros 

  • No annual fee;
  • Free access to FICO® score monthly;
  • Automatic reviews for a limit increase;
  • No foreign transaction fee.

Cons

  • Requires an offer to apply.

Credit score required

Scores ranging from bad-good are recommended to apply for the Ally Platinum Mastercard®.

Ally Platinum Mastercard® application: how to do it?

Apply for the Ally Platinum Mastercard® now! Further, discover step-by-step instructions for it!

Ally Platinum Mastercard®

Apply for Ally Platinum Mastercard®

Apply for the Ally Platinum Mastercard® to revive your credit score. Our step-by-step guide makes the application a breeze. Read on!

About the author  /  Suzana Brito

I'm a Language Studies graduate and have always been interested in writing and sharing knowledge. By creating content about finances and related products, I believe in contributing to people achieving financial freedom and their goals in life.

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