MoneyGeek’s Take

Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card Review

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Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card

APR
29.24% variable
Min. Security Deposit
$200
Annual Fee
$0
Recommended Credit
(No Credit History)
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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 Overview

Quick Take

  • Requires a refundable security deposit of at least $200
  • Regular credit reports to all three bureaus
  • Credit line of up to $2,000
  • Cash advance of $10 or 3% of the amount, whichever is greater
  • Up to $40 late payment fee
  • Credit score requirement: 300+
  • 24/7 online access to your account

Important Card Details

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.

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    Annual Fee

    There's an annual membership fee of $49 for holding this card.

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    Foreign Transaction Fee

    For each foreign transaction, a fee of 3% of the transaction amount will be levied.

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    Regular APR

    The card has a regular APR of 12.99% on purchases and 18.99% on cash advances.

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    Penalty Fees

    All late payments are subject to a penalty of up to $40. And for returned payments, the penalty will be $29.

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    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.

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    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.

Additional Benefits

You might also be interested in knowing more about the Assent Platinum Mastercard Secured card's features:

  • Credit Reporting: Monthly reporting to all three major credit bureaus, Experian, Equifax and TransUnion, to establish credit history
  • Zero Fraud Liability: Cardholders pay nothing if the card is lost or stolen or is subject to unauthorized use.
  • ID Theft Protection: It comes with free monitoring of credit reports to alert you of any fraudulent transactions or unauthorized use.
  • Mastercard Global Service: Mastercard Global Service provides emergency assistance practically anywhere in the world, 24 hours a day, seven days a week. Services include lost card reporting and replacement and emergency cash disbursement.

How the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card Compares To Other Cards

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.

How the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card Compares

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Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card

  • Annual Fee: $49
  • Regular APR: 12.99%
  • Rewards Rate: None
  • Minimum Deposit: $200
  • Recommended Credit: No credit required
  • Foreign Transaction Fee: 3%
  • Best for: Those looking for a credit-boosting card with 0% intro APR
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Capital One Platinum Secured Credit Card

  • Annual Fee: None
  • Regular APR: 30.49% variable
  • Rewards Rate: None
  • Minimum Deposit: $49
  • Recommended Credit: Poor
  • Foreign Transaction Fee: None
  • Best For: Those trying to build credit with a low minimum deposit

Frequently Asked Questions

In what states is the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card available?
What is the average credit score needed to get approved for the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card?
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card report to all three credit bureaus?
Is the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card application process lengthy? Can you prequalify?
What information is needed to apply for the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card?
What is the minimum security deposit?
What is the maximum security deposit?
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card offer upgrades to an unsecured credit card?
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card raise credit limits automatically or charge for limit increases?
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card have good customer service or satisfaction?
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card have a mobile app or the option to pay or manage your account online?
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card offer the options to freeze your credit/account or have other security features?
Does Synovus Bank offer other credit cards besides the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

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.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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