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How Does LendingTree Get Paid?

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AvantCard Credit Card Review

AvantCard Credit Card Review

0% Intro APR
0.0% Introductory APR for the first 6 months your account is open, then 12.99% (Variable)
Build Credit
Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
Credit Line
Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application
Edited by
Tracy Brackman
Reviewed by
Julie Sherrier
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the The Assent Platinum Mastercard® Secured Credit Card best for?

The The Assent Platinum Mastercard® Secured Credit Card is geared toward consumers with poor/limited credit, and a minimum security deposit of $200 is required that will serve as your initial credit line. However, the The Assent Platinum Mastercard® Secured Credit Card is not available to residents of Arkansas, Iowa, New York or Wisconsin.

There is a $49 annual fee, and while there are secured cards out there that don’t charge an annual fee, this is the only fee (other than a late payment fee and foreign transaction fee) that you’ll find on the The Assent Platinum Mastercard® Secured Credit Card. There are no one-time setup or ongoing maintenance fees.

The The Assent Platinum Mastercard® Secured Credit Card also offers an intro purchase offer of 0.0% Introductory APR for the first 6 months your account is open, after which a 12.99% (variable) APR will apply.

The Assent Platinum Mastercard® Secured Credit Card overview

    • Enjoy 0% APR on Purchases for Six Months!
    • Full-Feature Platinum Mastercard® Secured Credit Card
    • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
    • Good for Car Rental, Hotels; Anywhere Credit Cards Are Accepted!
    • Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application
    • 24/7 Online Access to Your Account
    • Nationwide program; available in all 50 US states *See Card Terms.
    • * See Card Terms.
  • Credit needed:
    300 519
    Poor/Limited
  • Monthly reporting to all 3 credit bureaus
  • Expedited card approval processing for $19.95

Intro Purchase APR

0.0% Introductory APR for the first 6 months your account is open

Regular Purchase APR

12.99% (Variable)

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

$49

Cash Advance Fee

Either $10.00 or 3% of the amount of each Cash Advance, whichever is greater

Foreign Transaction Fee

3% of the transaction amount

Balance Transfer Fee

N/A

Pros and cons of the The Assent Platinum Mastercard® Secured Credit Card

Pros

  • Intro APR purchase offer
  • Reports to all 3 credit bureaus
  • Credit-building card for those with poor/limited credit
  • Low ongoing APR

Cons

  • Annual fee
  • Maximum credit limit of $2,000

What we like about the The Assent Platinum Mastercard® Secured Credit Card

  • Credit-building card

    The The Assent Platinum Mastercard® Secured Credit Card is designed to assist consumers build or rebuild their credit. According to Synovus Bank, which issues the card, “you may be approved for this card with any credit history or credit score, so long as: you do not have a pending bankruptcy filing that has not yet been discharged by the court, you successfully fund your security deposit, and you meet the Income and Identity Verification requirements mandated by the Federal government for all credit card applications.

  • Intro APR on purchases

    It’s rare for a secured card to offer an intro purchase APR for cardholders, but if you have poor/limited and need to finance a large purchase for a few months, then this may help you do that. Get a 0.0% Introductory APR for the first 6 months your account is open, after which a 12.99% (variable) APR will apply.

  • Reasonable ongoing APR

    Many credit-building cards have sky-high interest rates. The APR on the The Assent Platinum Mastercard® Secured Credit Card bucks that trend with a very reasonable 12.99% (variable) APR.

What to watch out for with the The Assent Platinum Mastercard® Secured Credit Card

  • Annual fee

    Know that not all secured cards come with an annual fee, but perhaps in exchange for its intro purchase APR and ongoing low interest rate, the $49 annual fee can be justified.

  • Foreign transaction fee

    While the The Assent Platinum Mastercard® Secured Credit Card can be used anywhere in the U.S. where Mastercard is accepted, this is a card you want to leave at home if traveling abroad as it charges a foreign transaction fee of 3% of the transaction amount on purchases made outside the U.S.

Alternate secured card to the The Assent Platinum Mastercard® Secured Credit Card

Compare it to the OpenSky® Secured Visa® Credit Card

| Disclosures
OpenSky® Secured Visa® Credit Card
OpenSky® Secured Visa® Credit Card
on OpenSky's secure site
N/A
18.89% (variable)
$35
None
  • No credit check to apply and find out instantly if you are approved.
  • OpenSky gives everyone an opportunity to improve their credit with an 85% average approval rate for the past 5 years
  • Get considered for a credit line increase after 6 months, with no additional deposit required
  • You could be eligible for the OpenSky Gold Unsecured Card after as few as 6 months
  • Reports to all 3 major credit bureaus monthly, unlike a prepaid or debit card
  • Nearly half of OpenSky cardholders who make on-time payments improve their FICO score 30+ points in the first 3 months
  • Your refundable* deposit, as low as $200, becomes your OpenSky Visa credit limit
  • Easy application, apply in less than 5 minutes right from your mobile device
  • Offer flexible payment due dates which allow you to choose any available due date that fits your payment schedule
  • *View the cardholder agreement
300 599

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

Another secured card you may want to consider is the OpenSky® Secured Visa® Credit Card, which carries a lower annual fee of $35, but allows a maximum security deposit of $3,000.

The OpenSky® Secured Visa® Credit Card also has a reasonable APR for a secured card: 18.89% (variable). This card is also geared toward consumers with poor/limited credit, but assures that if you don’t have a credit history at all, the OpenSky® Secured Visa® Credit Card offers an opportunity to build one.

What’s more is that the OpenSky® Secured Visa® Credit Card does not require a credit check to apply, which can save you from a hard inquiry on your credit report that will knock down any existing credit score by few points for a year.

Compare the The Assent Platinum Mastercard® Secured Credit Card to similar cards

Comparison of four different credit cards
The Assent Platinum Mastercard® Secured Credit Card OpenSky<sup>®</sup> Secured Visa<sup>®</sup> Credit Card Discover it<sup>®</sup> Secured Credit Card Petal<sup>®</sup> 2 Cash Back, No Fees Visa<sup>®</sup> Credit Card
The Assent Platinum Mastercard® Secured Credit Card OpenSky® Secured Visa® Credit Card Discover it® Secured Credit Card Petal® 2 Cash Back, No Fees Visa® Credit Card
Read Review
Apply Now
on OpenSky's secure site
Apply Now
on Discover's secure site
Apply Now
on Petal's secure site
Welcome Offer
None N/A Discover will match all the cash back you’ve earned at the end of your first year. N/A
Rewards Rate
Non-rewards card None 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically Earn 1% cash back on eligible purchases right away, and 2% to 10% cash back at select merchants
Annual Fee
$49 $35 $0 $0
Intro Purchase APR
0.0% Introductory APR for the first 6 months your account is open N/A N/A N/A
Regular APR
12.99% (Variable) 18.89% (variable) 24.49% Variable APR Variable APR between 15.24% - 29.24%
Intro Balance Transfer APR
N/A N/A 10.99% Intro APR for 6 months N/A
Regular Balance Transfer APR
N/A N/A 24.49% Variable APR N/A
Recommended Credit
Poor/Limited Poor/Limited Poor/Limited N/A
Card Details
The Assent Platinum Mastercard® Secured Credit Card OpenSky® Secured Visa® Credit Card Discover it® Secured Credit Card Petal® 2 Cash Back, No Fees Visa® Credit Card

Is the The Assent Platinum Mastercard® Secured Credit Card right for you?

In general, we like to recommend no-annual-fee cards to those seeking to build or rebuild their credit histories, but there are times when paying that fee can make sense as long as the fee is reasonable. Given that the The Assent Platinum Mastercard® Secured Credit Card has a very reasonable ongoing APR on top of an intro purchase APR for half a year, this isn’t a horrible card to rebuild your credit with.

If you choose to apply for this card, know that it can take up to several weeks to get a response, according to the issuer’s website, unless you pay $19.95 for an expedited approval process.

Apply Now
on Synovus Bank's secure site