How Does LendingTree Get Paid?
| Advertising Disclosure
| American Express Disclosure

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.

Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products.

American Express Disclosure

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

First Digital NextGen Mastercard® Credit Card Review

First Digital NextGen Mastercard<sup>®</sup> Credit Card

First Digital NextGen Mastercard® Credit Card Review

Widely Accepted
Get the security and convenience of a full-feature, unsecured Mastercard® Credit Card – accepted at millions of merchant and ATM locations nationwide and online.
Build Credit
Build up your Credit with a card that reports to all three major credit bureaus every month.
Fast Application and Delivery
Easy and secure online application – it just takes moments to apply. Receive your card more quickly with optional Expedited Processing (additional fee applies).
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 First Digital NextGen Mastercard® Credit Card best for?

If you’re looking to build or rebuild your credit profile with a card that doesn’t require a security deposit, you may want to take a look at the First Digital NextGen Mastercard® Credit Card.

The First Digital NextGen Mastercard® Credit Card is geared to consumers with fair/poor/limited credit.

While the First Digital NextGen Mastercard® Credit Card is an unsecured card (compared to a secured card that requires a security deposit), what you pay in annual fees and the one-time program fee ($95) almost equals the standard $200 security deposit on a secured card that does not charge these fees.

Plus, the interest rate is so high that you’d want to make sure you never carry over a balance as the interest charges will be exorbitant.

First Digital NextGen Mastercard® Credit Card overview

    • Get the security and convenience of a full-feature, unsecured Mastercard® Credit Card – accepted at millions of merchant and ATM locations nationwide and online
    • Build up your Credit with a card that reports to all three major credit bureaus every month.
    • Perfect credit not required for approval; we may approve you when others won’t
    • You may be eligible for a Credit Line Increase after six months
    • Easy and secure online application – it just takes moments to apply. Checking account required.
    • If approved, just pay the one-time Program Fee to gain access to your new account and credit line (subject to available credit)
    • Receive your card more quickly with optional Expedited Processing (additional fee applies)
    • Get a result in as little as 60 seconds upon completion of the online application
    • Online Customer Center available 24 x 7
    • Issued by Synovus Bank, Member: FDIC
  • Credit needed:
    520 659
    Fair/Poor/Limited
  • Quick application response rate

Intro Purchase APR

N/A

Regular Purchase APR

See Terms*

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

See Terms*

Cash Advance Fee

N/A

Foreign Transaction Fee

N/A

Balance Transfer Fee

N/A

Pros and cons of the First Digital NextGen Mastercard® Credit Card

Pros

  • Available to consumers with fair/poor/limited credit
  • No security deposit
  • Reports activity to all three credit bureaus

Cons

  • Annual fee
  • Monthly maintenance fee after the first year
  • One-time account setup fee
  • High APR
  • Additional card fee of $29
  • Credit limit increase fee

What we like about the First Digital NextGen Mastercard® Credit Card

  • Credit-building card

    The First Digital NextGen Mastercard® Credit Card is designed for consumers with fair/poor/limited credit. If approved, the account and payment activity will be reported to all three credit bureaus, which can help boost your credit standing if used responsibly.

  • No security deposit required

    The First Digital NextGen Mastercard® Credit Card is an unsecured card. Other credit-building cards are secured cards, requiring applicants to submit at least $200 that will serve as their credit limit.

What to watch out for with the First Digital NextGen Mastercard® Credit Card

  • High APR

    The interest rate on the First Digital NextGen Mastercard® Credit Card is sky-high. If you choose to apply, avoid carrying a balance at all costs as the interest charges will be costly.

  • Multiple fees

    The First Digital NextGen Mastercard® Credit Card assesses a one-time processing fee of $95, plus a high annual fee the first year, then $48 a year after that, plus a monthly servicing fee of $6.25 after the first year. There is also a foreign transaction fee for purchase made outside the U.S., so don’t take this card abroad. And if you’d like an additional card, that will cost you $29.

  • Credit limit increase fee

    First Digital NextGen Mastercard® Credit Card cardholders are eligible for a credit limit increase after a year, so long as you have kept current on the most recent past 6 months on your payments and haven’t gone over your credit limit. However, there is a fee of 25% of the credit limit increase amount. For example, if your credit limit increase is $100, the issuer will charge you $25.

Alternate credit-building card to the First Digital NextGen Mastercard® Credit Card

Compare it to the Petal® 2 Cash Back, No Fees Visa® Credit Card

| Disclosures
Petal® 2 Cash Back, No Fees Visa® Credit Card
Petal® 2 Cash Back, No Fees Visa® Credit Card
on Petal's secure site
N/A
Variable APR between 15.24% - 29.24%
$0
Earn 1% cash back on eligible purchases right away, and 2% to
  • No fees whatsoever. No late fee, foreign transaction fee, annual fee, or any-other-kind-of-fee, fee.
  • Variable APRs range from 15.24% - 29.24%
  • Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments.
  • 1% cash back on eligible purchases right away
  • 2% - 10% cash back at select merchants
  • $300 - $10,000 credit limits
  • No credit score? No problem. If eligible, we'll create your Cash Score instead.
  • See if you're pre-approved within minutes without impacting your credit score.
  • Build credit alongside hundreds of thousands of Petal card members.
  • Petal reports to all 3 major credit bureaus.
  • No deposits required
  • Card issued by WebBank, Member FDIC
540 850

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.


If you’re intent on finding an unsecured card with which to build up your credit profile, know that those geared toward those with fair/poor/limited credit are often laden with fees.

An alternative credit-building card that touts being fee-free is the Petal 2 Credit Card. It charges a $0 annual fee, no late payment fees, no penalty APR if you happen to pay late, and foreign transaction fee of none.

In addition, the APR range for the Petal 2 Credit Card is much more reasonable, at Variable APR between 15.24% - 29.24%%.

Finally, the Petal 2 Credit Card is a cashback card: Earn 1% cash back on eligible purchases right away, and 2% to 10% cash back at select merchants. And the account and payment activity is reported to all three credit bureaus.

Compare the First Digital NextGen Mastercard® Credit Card to other cards

Comparison of four different credit cards
First Digital NextGen Mastercard<sup>®</sup> Credit Card Discover it<sup>®</sup> Secured Credit Card OpenSky<sup>®</sup> Secured Visa<sup>®</sup> Credit Card Petal<sup>®</sup> 2 Cash Back, No Fees Visa<sup>®</sup> Credit Card
First Digital NextGen Mastercard® Credit Card Discover it® Secured Credit Card OpenSky® Secured Visa® Credit Card Petal® 2 Cash Back, No Fees Visa® Credit Card
Apply Now
on First Digital's secure site
Apply Now
on Discover's secure site
Apply Now
on OpenSky's secure site
Apply Now
on Petal's secure site
Welcome Offer
N/A Discover will match all the cash back you’ve earned at the end of your first year. N/A N/A
Rewards Rate
N/A 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 None Earn 1% cash back on eligible purchases right away, and 2% to 10% cash back at select merchants
Annual Fee
See Terms* $0 $35 $0
Regular APR
See Terms* 24.49% Variable APR 18.89% (variable) Variable APR between 15.24% - 29.24%
Intro Balance Transfer APR
N/A 10.99% Intro APR for 6 months N/A N/A
Regular Balance Transfer APR
N/A 24.49% Variable APR N/A N/A
Balance Transfer Fee
N/A 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* N/A None
Recommended Credit
Fair/Poor/Limited Poor/Limited Poor/Limited N/A
Card Details
First Digital NextGen Mastercard® Credit Card Discover it® Secured Credit Card OpenSky® Secured Visa® Credit Card Additional card details unavailable

Is the First Digital NextGen Mastercard® Credit Card right for you?

The amount you’ll pay in fees and interest for the First Digital NextGen Mastercard® Credit Card make it an expensive choice. Know that there are other options available if you’re seeking a card to rebuild your credit that don’t assess this many fees.

Apply Now
on First Digital's secure site