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. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).

American Express Disclosure

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

Surge® Platinum Mastercard® Review

Surge<sup>®</sup> Platinum Mastercard<sup>®</sup>

Surge® Platinum Mastercard® Review

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
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 Surge® Platinum Mastercard® 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® Platinum Mastercard® . In addition to accepting applicants with good, bad or limited credit, the Surge® Platinum Mastercard® 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® Platinum Mastercard® , as well as how it compares with the Capital One Platinum Credit Card.

Surge® Platinum Mastercard® overview

    • Click "APPLY NOW" to apply online
    • Up to $1,000 credit limit doubles up to $2,000! (Simply make your first 6 monthly minimum payments on time)
    • All credit types welcome to apply!
    • Free access to your Vantage 3.0 score from Experian* (When you sign up for e-statements)
    • Initial Credit Limit of $300 – $1,000* (subject to available credit)
    • 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:
    540 659
    Fair/Poor
  • Fast and easy application process
  • Free online access 24/7
  • Use anywhere Mastercard is accepted

Intro Purchase APR

See website for Details*

Regular Purchase APR

24.99% – 29.99% (Variable)

Intro BT APR

See website for Details*

Regular BT APR

See website for Details*

Annual Fee

See website for Details*

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 about the Surge® Platinum Mastercard®

  • Credit requirement

    The Surge® Platinum Mastercard® 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 $300 to $1,000. 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® Platinum Mastercard® will report your payment activity to the three major credit bureaus on a monthly basis.

What to watch out for with the Surge® Platinum Mastercard®

  • No rewards

    With the Surge® Platinum Mastercard® , 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

| Disclosures
Capital One Platinum Credit Card
Capital One Platinum Credit Card
on Capital One's secure site
N/A
28.49% (Variable)
$0
Non-rewards Card
  • No annual or hidden fees. See if you're approved in seconds
  • Be automatically considered for a higher credit line in as little as 6 months
  • Help build your credit through responsible use of a card like this
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Get access to your account 24 hours a day, 7 days a week with online banking from your desktop or smartphone, with Capital One's mobile app
  • Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you're all set
  • Pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
540 659

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.

 

Like the Surge® Platinum Mastercard® , 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 in as little as six months.

While the Surge® Platinum Mastercard® 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 28.49% (Variable) on purchases than the Surge® Platinum Mastercard® . That said, we recommend paying off your balance in full each month — especially if you’re trying to build or establish credit.

Compare the Surge® Platinum Mastercard® to similar cards

Comparison of four different credit cards
Surge<sup>®</sup> Platinum Mastercard<sup>®</sup> Capital One Platinum Credit Card Capital One Platinum Secured Credit Card Credit One Bank<sup>®</sup> Platinum Visa<sup>®</sup> for Rebuilding Credit
Surge® Platinum Mastercard® Capital One Platinum Credit Card Capital One Platinum Secured Credit Card Credit One Bank® Platinum Visa® for Rebuilding Credit
Apply Now
on Celtic Bank's secure site
Apply Now
on Capital One's secure site
Apply Now
on Capital One's secure site
Apply Now
on Credit One Bank's secure site
Annual Fee
See website for Details* $0 $0 $75/$99
Welcome Offer
N/A No bonus No bonus Earn $200 back after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. You will receive the $200 back in the form of a statement credit
Regular APR
24.99% – 29.99% (Variable) 28.49% (Variable) 28.49% (Variable) 26.99% Variable
Rewards Rate
Non-rewards card Non-rewards Card Non-rewards Card 1% Cash Back on eligible purchases and mobile phone service, internet, cable and satellite TV services. Terms Apply.
Recommended Credit
Fair/Poor Fair/Limited Poor/Limited Fair/Poor
Card Details
Surge® Platinum Mastercard® Capital One Platinum Credit Card Capital One Platinum Secured Credit Card Credit One Bank® Platinum Visa® for Rebuilding Credit

Is the Surge® Platinum Mastercard® right for you?

Overall, the Surge® Platinum Mastercard® 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 Capital One Platinum Secured Credit Card, instead. The Capital One Platinum Secured Credit Card, which requires a refundable deposit (terms apply), also grants an increased line of credit in as little as six months. Additionally, the Capital One Platinum Secured Credit Card 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.

Apply Now
on Celtic Bank's secure site