Updated: October 21, 2024
Advertising & Editorial Disclosure
MoneyGeek partners with leading industry experts and advertisers to help you get to your financial happy place. Our content is accurate when posted but offers may change over time. We may receive compensation for partner advertisements, but our editorial team independently reviews and ranks products. Learn more about our editorial policies.
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
MoneyGeek uses a comprehensive rating system to perform an in-depth examination of credit cards and companies. The technique includes gathering data from the Consumer Financial Protection Bureau's database, standardizing data points for card comparison, estimating average spending profiles, considering annual and promotional incentives of each card and calculating the three-year value of maintaining the card. Monthly card re-ranking and semi-annual card list updates are also part of the strategy.
Because of its introductory interest-free period of six months and relatively low APR thereafter, the Assent Platinum Mastercard Secured card can be a good choice for many individuals who are struggling to boost their credit scores.
Some may be put off by the inclusion of an annual fee and a foreign transaction fee. However, the intro APR and low regular APR can make up for it. The table below compares it to another secured card with comparable features.
Understanding how credit cards function is essential, as is being aware of the card's benefits, fees, interest rates and other features.
The table below lists the fees and rates applicable for the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card.
Annual Fee
There's an annual membership fee of $49 for holding this card.
Foreign Transaction Fee
For each foreign transaction, a fee of 3% of the transaction amount will be levied.
Regular APR
The card has a regular APR of 12.99% on purchases and 18.99% on cash advances.
Penalty Fees
All late payments are subject to a penalty of up to $40. And for returned payments, the penalty will be $29.
Cash Advance Fee
In addition to the high APR on cash advances, expect to pay a fee of $10 or 3% of the transaction amount, whichever is greater.
Security Deposit
For the card, a security deposit of between $200 and $2,000 is required. Your credit line will be equal to the amount you put down as a security deposit.
You might also be interested in knowing more about the Assent Platinum Mastercard Secured card's features:
Because of its introductory interest-free period of six months and relatively low APR thereafter, the Assent Platinum Mastercard Secured card can be a good choice for many individuals who are struggling to boost their credit scores.
Some may be put off by the inclusion of an annual fee and a foreign transaction fee. However, the intro APR and low regular APR can make up for it. The table below compares it to another secured card with comparable features.
Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card
Capital One Platinum Secured Credit Card
If you live in Arkansas, Iowa, New York or Wisconsin, you aren't eligible to apply for the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card.
You can apply for the card even with a poor credit score or no previous credit history.
Yes. The Assent Platinum Mastercard Secured card reports to all the three major credit bureaus.
The Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card application process is quite simple. It only takes a few minutes to apply. You can pre-qualify if you have a valid bank account, debit or credit card. Once applied, your application will be processed within three weeks.
You only need to provide a few pieces of personal, contact and financial information to initiate the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card application.
You need a minimum security deposit of $200 to start using this card.
The maximum deposit allowed is $2,000.
You can improve your credit score by using your card wisely and paying your balances on time. When your credit scores improve, you will be able to apply for a standard credit card.
No. Your credit limit will be determined by the amount you put down as a security deposit. By depositing $2,000, you can obtain a maximum credit limit of $2,000.
Synovus Bank is not rated one of the best credit card issuers according to J.D. Power's credit card customer satisfaction studies. The card issuer also does not offer 24/7 customer service to its customers.
No mobile app is available to manage your account. Instead, you can use its 24/7 online banking access.
Yes, you can lock or freeze the card in case it’s lost or stolen. For this, you need to login to the online banking site.
Yes, Synovus offers several personal credit cards, including the Synovus Travel Rewards Visa Credit Card, Synovus Classic Visa Credit Card and Synovus Cash Rewards Visa Credit Card.
About Doug Milnes, CFA
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.
Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
