Surge Mastercard® Credit Card

Surge Mastercard<sup>®</sup> Credit Card

Surge Mastercard® Credit Card

Build Credit
Monthly reporting to the three major credit bureaus
Worldwide Use
Use your card wherever Mastercard is accepted
Easy Application Process
All credit types welcome to apply
Edited by
Julie Sherrier
Reviewed by
Tracy Brackman
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 this card best for?

If you have less-than-perfect credit and are looking for an unsecured credit card to help you get back on track, you should consider the Surge Mastercard® Credit Card. In addition to accepting applicants with good, bad or limited credit, the Surge Mastercard® Credit Card reports to all three major credit bureaus every month. Meaning, if you pay your bill on time each month and maintain a balance under your credit limit, you should be able to build, rebuild or reestablish your credit.

In this review, we explain the pros and cons of the Surge Mastercard® Credit Card, as well as how it compares with the Capital One Platinum Credit Card.

Card overview

    • All credit types welcome to apply!
    • Free access to your Vantage 3.0 score From TransUnion* (When you sign up for e-statements)
    • Monthly reporting to the three major credit bureaus
    • See if you’re Pre-Qualified without impacting your credit score
    • Fast and easy application process; results in seconds
    • Free online account access 24/7
    • Checking Account Required
  • Credit needed:
    520 600
    Fair/Poor/Bad
  • Fast and easy application process
  • Free online access 24/7
  • Use anywhere Mastercard is accepted

Intro Purchase APR

See website for Details*

Intro BT APR

See website for Details*

Annual Fee

See website for Details*

Regular Purchase APR

24.99% – 29.99% (Variable)

Cash Advance Fee

N/A

Foreign Transaction Fee

See website for Details*

Balance Transfer Fee

See website for Details*

Pros and cons

Pros

  • Credit requirement
  • Initial credit limit
  • Credit reporting

Cons

  • No rewards
  • Annual fee
  • Monthly maintenance fee

What we like

  • Credit requirement

    The Surge Mastercard® Credit Card welcomes all credit types. Whether you have good credit, bad credit or limited credit, you can apply for this card.

  • Initial credit limit

    Depending on your creditworthiness, you may be approved for a card with an initial credit limit of $500. That’s a lot of purchase power for a card that’s designed for individuals with bad or limited credit.

    The Capital One Platinum Credit Card, for example, has a starting credit line of $300. More on that card below.

  • Credit reporting

    The Surge Mastercard® Credit Card will report your payment activity to the three major credit bureaus on a monthly basis.

What to look out for

  • No rewards

    With the Surge Mastercard® Credit Card, you will not earn a sign-up bonus or rewards for the purchases you make. However, that is pretty typical for cards designed for individuals with limited or poor credit.

  • Annual fee

    The annual fee drops in the second year but is effectively replaced by a monthly maintenance fee.

  • Monthly maintenance fee

    You will be charged a monthly maintenance fee each month after the first 12 months of card membership.

Alternate credit-building card

Compare it to the Capital One Platinum Credit Card

Like the Surge Mastercard® Credit Card, the Capital One Platinum Credit Card is designed for individuals who want to improve their credit. The Capital One Platinum Credit Card rewards you for responsible card usage by increasing your credit limit when you make your first five monthly payments on time.

While the Surge Mastercard® Credit Card and the Capital One Platinum Credit Card are similar in that neither card offers a sign-up bonus or rewards rate, it may be much less expensive signing up for the Capital One Platinum Credit Card.

The Capital One Platinum Credit Card offers a slightly lower regular APR of 26.99% (Variable) on purchases than the Surge Mastercard® Credit Card. That said, we recommend paying off your balance in full each month — especially if you’re trying to build or establish credit.

Is this card right for you?

Overall, the Surge Mastercard® Credit Card is a decent option if you want an unsecured credit card but have bad or limited credit. But if you don’t want to be stuck paying an additional fee each month after the first 12 months of card membership, you may be better off with a card that doesn’t charge a monthly maintenance fee, like the Capital One Platinum Credit Card.

If you aren’t able to qualify for an unsecured card, you may want to consider a secured card, like the Secured Mastercard® from Capital One, instead. The Secured Mastercard® from Capital One, which requires a refundable deposit (terms apply), also grants an increased line of credit after making your first five monthly payments on time. Additionally, the Secured Mastercard® from Capital One does not charge annual or monthly fees.

Whichever card you choose, remember that your end goal is to establish or improve your credit. Therefore, be sure to use your card responsibly by paying your bill on time and in full (when possible) each month. Also, maintain a low credit utilization ratio (the amount of your credit card balance compared with the credit limit). A good credit utilization ratio is typically below 30% — meaning, if your credit limit is $500, you should keep your card balance under $150.

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