Reviews
First Latitude Platinum Mastercard® Secured Credit Card review
The First Latitude Platinum Mastercard® Secured Credit Card attends to customers trying to solve score problems. Check out our review to learn more!
Advertisement
Low-maintenance card to rebuild score
Do you have a zero or low score? We’ll show you how to get a limit with First Latitude Platinum Mastercard® Secured Credit Card.
This product is one of the alternatives from the First Progress brand. They have different secured cards to assist credit rebuilders.
How to apply for the First Latitude Platinum card?
The First Latitude Platinum Mastercard® Secured Card is a low budget option with a modest annual fee. Check our post to learn how to apply!
So, if you want to know more about it, keep reading this post to understand how to apply for this secured credit card.
- Credit Score: No minimum credit score is required;
- Annual Fee: $25 for the first year. Then, $35 annually;
- Regular APR: 24.49% variable APR for purchases and 29.49% variable APR for cash advances;
- Welcome bonus: N/A;
- Rewards: 1% cash back on payments that are made to your account;
- Terms apply.
First Latitude Platinum Mastercard® Secured Credit Card: how does it work?
This First Latitude credit card is reasonable for clients that have been denied by other banks. Plus, you can request it online.
Unfortunately, there are no sign bonuses. And it charges a fee for international transactions. However, you don’t need a credit check to get accepted.
Talking about the limit, the Math is simple. It will equal the secured deposit, less the annual fee of $25.
To find out more, check our review on the pros and cons of this secured credit card below.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
First Latitude Platinum Mastercard® Secured Credit Card: should you get one?
Above all, this credit card can save your ruined score. In order to decide, let’s consider a few things you can count on and some disadvantages.
Pros:
- 1% Cash Back Rewards on payments.
- Choose your own fully-refundable credit line – $100 to $2000 – based on your security deposit.
- Build your credit score.¹ Reports to all 3 credit bureaus.
- No minimum credit score required for approval!
- 1Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
- *See Important Disclosures for complete offer details.
Cons:
- No welcome bonuses
- There is a fee for foreign transactions
- It doesn’t provide a mobile app
- Expensive interest rate
- The annual fee increases after the first year
Credit scores required
Since it’s a product that focuses on poor score applicants, a good score is not a requirement for this secured credit card.
Additionally, there is no past financial analysis. Instead, it takes a starting deposit of $100 to count as a credit limit.
First Latitude Platinum Mastercard® Secured Credit Card application: how to do it?
This review showed the details you need to make a good choice. Then after considering the pros and cons, you shall be able to decide if the First Platinum Mastercard suits you.
If it does, don’t miss our post below about how to apply!
How to apply for the First Latitude Platinum card?
The First Latitude Platinum Mastercard® Secured Card is a low budget option with a modest annual fee. Check our post to learn how to apply!
About the author / Suzana Brito
Trending Topics
What is LCOL area? Understand the pros and cons
Learn more about the difference between an LCOL area and an HCOL area and explore the cheapest cities in the United States. Read on!
Keep Reading
The most common myths about your credit score
There are a lot of credit score myths. Find out the truth behind the top five misconceptions people have. Read on!
Keep Reading
Application for the GO2bank™: how does it work?
GO2bank™ came to make your life easier. Find out about the application process, and have access 24/7 to your account on your phone. Read on!
Keep ReadingYou may also like
How to buy a second home with no down payment
Looking for help on how to buy a second home with no down payment? Here's our step-by-step guide to make it happen. Read on!
Keep Reading
Chase Total Checking® review: everything you need to know
Have you been thinking about opening a checking account? Check out our Chase Total Checking® review. Enjoy Zero Liability Protection.
Keep Reading
Integra Credit Personal Loan review: how does it work and is it good?
Read our Integra Credit Personal Loan review to weigh its pros and cons! Pay $0 origination or prepayment fees! Stick with us and learn!
Keep Reading