Reviews
First Digital Mastercard® review: is it worth it?
If you're looking to rebuild your credit, the First Digital Mastercard® can help. With monthly reports to the 3 major credit bureaus, you can start to see an improvement in your credit rating in just a few months.
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First Digital Mastercard®: Start rebuilding your credit today
If your credit score is less than perfect, you may be looking for ways to repair the damage. With the First Digital Mastercard®, you can do just that, and you’ll learn all about it in this review.
A new credit card can help restore your credit history, as long as you use it responsibly. So, this card can be an important stepping stone if you’re looking for a product that offers opportunities to build a healthier financial future.
How to apply for First Digital Mastercard®
Learn how to apply for the First Digital Mastercard® in just a few easy steps.
Keep reading to learn more information about what this card has to offer and how it can help you get back on track.
| Credit Score | Poor/Damaged/Fair. |
| Annual Fee | $75.00 for the first year. After that, $48.00 annually. |
| Fees | $95 one-time program fee, up to $41 in late and return payments, 3% or $10 for cash advances. |
| Regular APR | 35.99%. |
| Welcome bonus | N/A |
| Rewards | 1% cash back. |
First Digital Mastercard®
The First Digital Mastercard® is an unsecured card, which means you can get a line of credit without paying a security deposit.
Since it doesn’t have financial backing for high-risk customers, the initial credit limit for new cardholders is $300. If you’re looking to manage your expenses, such a low offer can be considered an advantage instead of a setback.
Synovus Bank issues this card, which has nationwide Mastercard coverage. To apply for the First Digital Mastercard®, you need to have a checking account. Also, if your request is approved, a $95 Program Fee is required.
The card also has one of the highest APR in its category, at 35.99%.
However, the First Digital Mastercard® was designed to help you on the path to search for a better financial future. Therefore, this card reports your economic activity to the 3 major credit bureaus: TransUnion, Equifax, and Experian.
With sensible card use, you can see an improvement in your credit line in just a few months. Plus, with timely payments and solid credit management, you can get an increased credit limit within 12 months of account opening.
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First Digital Mastercard®: should you get one?
Repairing damaged credit takes time, but a new credit card might be an essential tool in that process. Nevertheless, you should always consider both sides of the coin before requesting a line of credit.
Check out some of the credit card’s benefits and drawbacks below:
Pros
- Earn 1% cash back rewards on payments made to your First Digital Credit Card.
- Checking Account Required.
- $300 credit limit (subject to available credit).
- Build up your credit history with a card that reports to all three major credit bureaus every month.
- Perfect credit not required for approval; we may approve you when others won’t.
- *See Rates, Fees, Costs & Limitations for complete offer details.
- See Cash Back Rewards Programs Terms & Conditions for details.
- Get the security and convenience of a full-feature, unsecured MasterCard® Credit Card – accepted at millions of merchant and ATM locations worldwide and online.
- Designed to help overcome credit issues; you may be approved even if you’ve been declined elsewhere.
- You may be eligible for a Credit Line Increase after 12 months.
- Easy and secure online application – It takes just moments to apply.
- If approved, just pay the one-time Program Fee to gain access to your new account and credit line (subject to available credit).
- Receive your card more quickly with optional Expedited Processing (additional fee applies).
- Get a result in as little as 60 seconds upon completion of the online application.
- Online Customer Center available 24 x 7.
- Issued by Synovus Bank, Member: FDIC.
Cons
- Charges a program fee and a monthly maintenance fee
- The annual fee is deducted from the initial credit limit
- High APR
- No rewards or perks provided
- Late Payment Fee: Up to $41.00
- Return Payment Fee: Up to $41.00
Credit score required
This is a card for people with low or fair credit scores. That said, if you’re interested in requesting it, a credit rate as low as 300 should not be an issue.
Make sure you read the fine print before sending an application. Irresponsible use of this product can impact your financial history even further.
First Digital Mastercard® application: how to do it?
Now that you’ve seen all that the First Digital Mastercard® can do for your future, how about applying for one? We’ll take you through the application process in the link below so you can start repairing your credit score today!
How to apply for First Digital Mastercard®
Learn how to apply for the First Digital Mastercard® in just a few easy steps.
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