Minimum deposit: Not publicly disclosed, was previously listed as $500 (as of May 2023)
Credit limit: Not publicly disclosed, was previously listed as a range of $500 to $25,000 (as of May 2023)
The First Tech Platinum Secured Mastercard® is a no-annual-fee card with a low APR and a high credit limit. Some small business owners, including sole proprietors, may find it convenient to use a personal credit card for business. However, make sure you use it exclusively for business expenses, and keep in mind that you won’t be able to build business credit with this card.
This card stands out because it doesn’t charge any fees for foreign transactions, balance transfers and cash advances. While many cards do not charge foreign transaction fees, cards without balance transfer or cash advance fees are few and far between. If you’re carrying a high-interest balance on another credit card, taking advantage of the no-fee balance transfer benefit can save you hundreds of dollars in transaction fees and future interest.
You can also earn rewards points on every purchase — 1 point per $1 on every purchase, redeemable for travel, merchandise, gift cards and more.