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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by Aline Barbosa

03/19/2022 | Updated on 10/05/2022

First Digital Mastercard®: Start rebuilding your credit today

First Digital Mastercard® review. Source: First Digital.

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. 

firstgen card

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 ScoreBad – Fair
Annual Fee$75.00 for the first year. After that, $48.00 annually.
Regular APR35.99%
Welcome bonusN/A
RewardsNone

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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 charges a monthly service fee of $8.25 and 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. 

First Digital Mastercard®: should you get one?

Woman using computer holding card
Check out the card’s benefits. Source: Pexels.

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:

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Pros

  • Available for Bad – Fair credit scores
  • Reports to all three major credit bureaus
  • Increased limit after 12 months of good use
  • The annual fee reduces after the first year
  • No security deposit required

Cons

  • Charges an activation fee and a monthly maintenance fee
  • The annual fee is deducted from the initial credit limit
  • High APR
  • No rewards or perks provided

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! 

firstgen card

How to apply for First Digital Mastercard®

Learn how to apply for the First Digital Mastercard® in just a few easy steps.

About the author

Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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