All information about the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card has been collected independently by Moneygeek.com and has not been reviewed by the issuer.
MoneyGeek’s Take
Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card Review
Updated: December 9, 2024
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Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card
On Issuer's Site
APR
29.24% variableMin. Security Deposit
$200Annual Fee
$0Recommended 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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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.
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.
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
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
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?
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.
What is the average credit score needed to get approved 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.
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card report to all three credit bureaus?
Yes. The Assent Platinum Mastercard Secured card reports to all the three major credit bureaus.
Is the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card application process lengthy? Can you prequalify?
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.
What information is needed to apply for the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card?
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.
What is the minimum security deposit?
You need a minimum security deposit of $200 to start using this card.
What is the maximum security deposit?
The maximum deposit allowed is $2,000.
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card offer upgrades to an unsecured credit card?
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.
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card raise credit limits automatically or charge for limit increases?
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.
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card have good customer service or satisfaction?
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.
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?
No mobile app is available to manage your account. Instead, you can use its 24/7 online banking access.
Does the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card offer the options to freeze your credit/account or have other security features?
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.
Does Synovus Bank offer other credit cards besides the Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card?
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.
*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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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.