With one of the lowest interest rates for secured cards, this card is designed to help you establish a strong financial foundation while providing the convenience and reliability of a Mastercard. Whether you’re starting your credit journey or recovering from past financial challenges, the Assent Platinum Mastercard Secured empowers you with tools to succeed.
Backed by a refundable security deposit, this card offers credit-building opportunities by reporting your payment activity to all three major credit bureaus. Its low fees, global acceptance, and robust security features make it a trusted financial partner for achieving your credit goals while enjoying the benefits of a premium card.
Benefits of the Assent Platinum Mastercard Secured Card
Low Fixed APR: Enjoy one of the lowest fixed APRs in the secured card category, making it more affordable to carry a balance if needed while building your credit.
Reports to All Three Major Credit Bureaus: The card reports your on-time payments and responsible usage to Experian, Equifax, and TransUnion, helping you establish a positive credit history.
Refundable Security Deposit: Your security deposit, which serves as your credit limit, is fully refundable when you close the account in good standing or transition to another card.
Flexible Deposit Range: Set your own credit limit by choosing a deposit amount between $200 and $2,000, giving you control over your spending capacity.
No Credit Check for Approval: Get started without a traditional credit check, making the card more accessible for individuals with no or poor credit histories.
Global Acceptance: Use your card confidently at millions of locations worldwide, wherever Mastercard is accepted, so you can shop or travel with ease.
Zero Liability Protection: Shop securely knowing you won’t be held responsible for unauthorized purchases, thanks to Mastercard’s Zero Liability policy.
Online Account Management: Stay on top of your finances through a user-friendly online portal, where you can track payments, view balances, and monitor transactions.
Fraud Protection Features: Robust fraud detection systems help protect your account from suspicious activity, providing added security for your personal information.
No Penalty APR: Even if you miss a payment, you won’t face a penalty APR—helping you keep your financial obligations more manageable.
Acceptance Without Income Requirements: Secure approval for the card without needing to prove a specific income, as long as you can provide the required security deposit. This opens the door for a wider range of applicants looking to build or rebuild their credit profile.
Customizable Alerts: Stay on track with your financial goals by setting up personalized notifications for due dates, transactions, and spending limits. These alerts ensure you’re aware of important account activity and help you maintain responsible credit use.
Who Can Apply?
Eligibility criteria for the Assent Platinum Mastercard Secured Card:
- Age: Must be at least 18 years old.
- Residency: Must be a U.S. resident with a valid Social Security Number or ITIN.
- Security Deposit: Provide a refundable deposit of $200 to $2,000 to secure your credit line.
- No Credit History Required: The card is suitable for individuals with no credit or poor credit.
- Bank Account: A U.S. bank account is required to fund the security deposit and make payments.
How to Apply
- Visit the Issuer’s Website: Navigate to the Assent Platinum Mastercard Secured Card application page.
- Complete the Application Form: Provide personal, financial, and contact details.
- Submit a Security Deposit: Fund your secured credit line with a deposit ranging from $200 to $2,000.
- Upload Required Documents: Provide identification and income verification if requested.
- Receive Your Card: Once approved, your card will be mailed to you.
Frequently Asked Questions
What happens if I miss a payment?
Missing a payment may incur late fees and impact your credit score. Setting up alerts can help you avoid this.
Can I increase my credit limit?
Yes, you can increase your limit by adding more funds to your security deposit, up to $2,000.
What happens if I close my account?
Your security deposit will be refunded, minus any outstanding balances or fees.
Can I transition to an unsecured card?
With responsible use, you may qualify for an upgrade to an unsecured credit card in the future.
