Credit Card
First Latitude Platinum Mastercard® Secured Credit Card: Option for credit score rebuilding
The First Latitude Platinum Mastercard® Secured Credit Card caters to individuals looking to address credit score issues. Read our review for additional information!
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First Latitude Platinum Mastercard® Secured Credit Card: A low-maintenance option for credit score rebuilding
Want to get a credit limit with a zero or low score? Learn how with the First Latitude Platinum Mastercard® Secured Credit Card, one of the options offered by the First Progress brand for credit rebuilding.
To learn how to apply for this secured credit card, keep reading!
There’s no minimum credit score requirement.
The first-year fee is $25, and then it’s $35 per year after that.
Variable APRs for purchases and cash advances are 23.99% and 28.99%, respectively.
N/A.
Earn 1% cash back on account payments with the card.
How does the First Latitude Platinum Mastercard® Secured Credit Card work?
The First Latitude credit card is a viable option for customers who have been declined by other banks, and it can be requested online.
However, there are no sign-up bonuses and it charges a fee for international transactions. Nevertheless, no credit check is required for approval.
To determine the credit limit, subtract the annual fee of $25 from the security deposit.
Check out our review below for more information on the advantages and disadvantages of this secured credit card.
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Should you apply for the First Latitude Platinum Mastercard® Secured Credit Card?
Consider the advantages and disadvantages of the First Latitude Platinum Mastercard® Secured Credit Card to determine if it is the right choice for improving your credit score.
Pros:
Apply easily online with deposits as low as $100 and a credit limit of up to $2000, even with low credit!
Cons:
The First Latitude Platinum Mastercard® Secured Card has no sign-up bonuses and charges a fee for foreign transactions.
It also lacks a mobile app and has a high-interest rate. Furthermore, the annual fee increases from $25.
Credit scores required
The First Latitude Platinum Mastercard® Secured Card doesn’t require a good credit score and doesn’t require a past financial analysis. Instead, a starting deposit of $100 counts as the credit limit.
How to apply for First Latitude Platinum Mastercard® Secured Credit Card?
If you are interested in this secured credit card, you should know that the analysis takes about three weeks. If approved, you can expect to receive your credit card within a few days. Learn how to apply by checking out our post.
Apply online
Visit the website and fill out the application form with personal and financial data. Verify the information and submit it if everything is correct.
Finally, the team behind this secured credit card will send you a confirmation email with further details.
Apply using the app
No mobile application is available for this secured credit card at the moment. Nonetheless, you can access information regarding fees, application procedures, and eligibility criteria on their website.
A comparison between the First Latitude Platinum Mastercard® Secured Card and the OpenSky Secured Visa Card
If the First Latitude Platinum Mastercard® Secured Card is not what you’re looking for, consider the OpenSky Secured Visa Card as an alternative.
For comparison purposes, here is a brief overview of the differences between the First Latitude Platinum Mastercard® Secured Card and the OpenSky Secured Visa Card:
First Latitude Platinum Mastercard® Secured Card
- No minimum credit score requirement;
- Annual fee of $25 for the first year, then $35 annually;
- Variable APR of 23.99% for purchases and 28.99% for cash advances;
- No welcome bonus offered;
- Earn 1% cash back on eligible payments made to your account.
OpenSky Secured Visa Card
If you have a poor to average credit score, the OpenSky Secured Visa Card might be a good option for you. It has an annual fee of $35 and a regular APR of 19.64% (variable), but it does not offer a welcome bonus or rewards program.
After considering all the factors, find out more about what the OpenSky Secured Visa Card has to offer by reading our post below!
How to apply for the OpenSky Secured Visa Card?
Rebuild your credit with OpenSky Secured Visa. Apply now!
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