One of the most notable Fit Mastercard® Credit Card benefits is that it's designed to help you establish or rebuild your credit, with its low entry barrier in terms of creditworthiness. Also, it reports to the three major credit bureaus. Starting at a $400 credit line, consumers are allowed to request a credit limit increase as early as six months after opening their account. MoneyGeek’s Fit Mastercard® Credit Card review will help you decide if this credit card is suitable for your profile and needs.
MoneyGeek’s Take
Fit Mastercard® Credit Card Review
Updated: November 4, 2024
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Fit Mastercard® Credit Card
On Issuer's Site
Rewards Rate
N/AAPR
35.90% FixedAnnual Fee
$99 introductory fee for the first year, then $125...Recommended Credit
(No Credit History)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.
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Fit Mastercard® Credit Card Overview
Quick Take
- Apply with poor/limited credit history
- $89 one-time processing fee
- $99 annual fee
- $6.25 monthly fee (waived for the first 12 billing cycles)
- 3% foreign transaction fee
- Free access to credit score
- $0 fraud liability
Important Card Details
APR
Purchases and cash advances are subject to a pretty high variable APR of 29.99% with the Fit Mastercard® Credit Card. In addition, interest is charged on balance transfers and cash advances from the date of the transaction. This APR is subject to change depending on the current prime rate as reported in The Wall Street Journal each quarter.
Annual and Maintenance Fee
The Fit Mastercard® Credit Card charges an annual fee of $99. Moreover, after 12 billing cycles, the cardholder will be subject to a $75 maintenance fee, which translates to $6.25 per month.
Late and Returned Payment Fee
Avoid being late on payments and attempting to cover a bill with insufficient funds. Aside from hurting your credit score, which counteracts one of the main purposes of owning this card, it also charges $40 for late or returned payments. Late fees have no grace period. However, if you incur both penalties, you’ll only be charged for one.
Additional Benefits
Other features and advantages of the Fit Mastercard® Credit Card include:
- Free Monthly Credit Score: When you sign up for e-statements, you'll have access to this feature. You may check your score every month. You can see the impact of timely monthly payments on your credit score, which can be helpful if you're developing credit for the first time or repairing your credit.
- Authorized User: It's simple to add an authorized user to your card and watch their spending. It will cost $30 for each additional user.
- Fraud Liability Protection: You won't be held accountable for illegal charges if your card is stolen or used without your permission. This means that you're only liable for the transactions you make with your card.
- 24/7 Online Account Management: By signing up and receiving your login credentials, you will be able to enroll in the Online Banking Service. Then you'll be able to view your FIT credit information 24/7. It allows you to pay your FIT credit card, view previous statements, examine recent transactions and more.
- Mobile App: Use the Android or iOS mobile app to manage your account from any mobile device at any time.
- Monthly Reporting to All Three Major Credit Bureaus: Continental Finance will report your payments to TransUnion, Experian and Equifax, the three major credit agencies.
- Widely-Accepted Credit Card: Use your Mastercard everywhere Mastercard is accepted.
How the Fit Mastercard® Credit Card Compares To Other Cards
Because of its minimal credit requirements and free monthly credit scores, this card is a contender against many other credit cards for people with bad credit. However, figuring out how it stacks up against other similar cards ultimately comes down to what you prioritize in a credit card.
How the Fit Mastercard® Credit Card Compares
Fit Mastercard® Credit Card
- APR: 29.99%
- Security deposit: $0
- Annual fee: $99
- Best for: Individuals with poor credit
Citi® Secured Mastercard®
- APR: 27.24% Variable
- Security deposit: $200
- Annual fee: $0
- Best for: Individuals with limited or no credit history
Frequently Asked Questions
What is the average credit score needed to get approved for Fit Mastercard® Credit Card?
You can get approved for Fit Mastercard® Credit Card even if you have no credit or bad credit.
Does Fit Mastercard® Credit Card report to all three credit bureaus?
Yes, Fit Mastercard® Credit Card reports to TransUnion, Experian and Equifax.
Is the Fit Mastercard® Credit Card application process lengthy? Can you prequalify?
Fit Mastercard® Credit Card’s application process is typically short. You can even get a response within seconds although it could take as long as 30 days for the bank to collect additional information. It’s not indicated whether Fit Mastercard offers preapproval.
What information is needed to apply for Fit Mastercard® Credit Card?
You'll be asked for your name, as well as your social security number, birth date and physical address. To complete your application, the bank will also want financial verification, such as a monthly income statement.
Does Fit Mastercard® Credit Card have good customer service or helpful information online?
Continental Finance Company is known for providing excellent Fit Mastercard® Credit Card customer service. While determining overall customer satisfaction with a card can be difficult, the Fit Mastercard® Credit Card is one of the commonly suggested cards for those with no credit or poor credit.
Does Fit Mastercard® Credit Card have a mobile app or the option to pay or manage your account online?
Yes, Fit Mastercard® Credit Card has an online banking app for managing accounts on the go. It can be downloaded via Google Play or the App Store.
Does Fit Mastercard® Credit Card raise credit limits automatically or charge for limit increases?
You can request a credit limit increase after six months of account opening.
Does Fit Mastercard® Credit Card offer the option to freeze your credit/account or have other security features?
You can block your card at any time by using the mobile app. It also offers $0 fraud liability, which means that you won't be responsible for unauthorized charges.
Does the Bank of Missouri offer other credit cards besides Fit Mastercard® Credit Card?
Yes, Bank of Missouri offers other credit cards, such as the Bank of Missouri Platinum Card, the Bank of Missouri Max Cash Preferred Card, the Bank of Missouri Real Rewards Card, the Ollo Platinum Mastercard and the Ollo Rewards Mastercard.
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.
sources
- Continental Finance. "Enjoy the buying power of the FIT Mastercard." Accessed November 4, 2024.
- FIT. "FIT Mastercard Application." Accessed November 4, 2024.
*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.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.