How To Apply For The Assent Platinum Secured Credit Card?

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Could you please explain how the Assent Platinum Secured credit card works?

The Assent Platinum Secured credit card is issued by Synovus Bank and is particularly beneficial for individuals with poor credit. One standout feature of this card is its impressive 0% introductory APR for the first six months on purchases, making it an attractive offer. Additionally, it boasts a significantly lower standard interest rate compared to its competitors.

This credit card can be an ideal choice for those looking to establish or rebuild their credit history, as it reports to the major credit bureaus (Equifax, Experian, and TransUnion) each month. Timely payments can lead to a rapid increase in your credit score. While the requirement of a deposit is typically a hurdle for those on a tight budget, this card does require a deposit, which is refundable.

When applying for the Assent Platinum Secured credit card, you’ll need to make a deposit ranging from a minimum of $200 to a maximum of $2,000. After the account is open, you have the option to increase your credit limit by submitting an additional deposit. If the account is closed, the full deposit is refunded to you.

This credit card is widely accepted as it is a fully-fledged MasterCard product, allowing you to use it anywhere credit cards are accepted, including for car rentals and hotel bookings.

Let’s explore the benefits and drawbacks of the Assent Platinum Secured credit card:

Pros:

  • Below-average purchase APRs;
  • 0% APR on new purchases for the first 6 months;
  • Identity Theft Protection;
  • Suitable for applicants with fair or poor credit;
  • Reports to multiple credit bureaus.

Cons:

  • Annual fee of $49;
  • No signup bonus, rewards, or cashback;
  • 3% foreign transaction fee;
  • Limited credit card benefits.

Is a good credit score necessary for this card?

If you have a very poor (300) or poor (550) credit score and are considering applying for the Assent Platinum Secured card, it could be an excellent choice for you.

Application for the Assent Platinum Secured credit card:

If you’re looking to improve your credit, especially if you lack necessary documents or are in the process of rebuilding your credit, the Assent Platinum Secured Visa credit card can be a valuable option. It encourages responsible payment habits, although it doesn’t have a direct impact on your credit rating.

This card is particularly suitable for beginners and individuals in need of assistance with cash management or documentation. It also offers a monthly balance repayment option, though it doesn’t affect your credit rating.

You can use the Assent Platinum Secured credit card for purchases at various retailers and for cash withdrawals at ATMs. There are two types of cards available, one with a fixed interest rate and the other with a variable interest rate. To learn how to apply for this card, please continue reading.

Apply Online:

If you’re interested in improving your credit score and avoiding high fees, applying for the Assent Platinum Secured card is a viable option. Here’s how to apply:

  1. Visit the company’s website to easily complete the online application and find information about policies, fees, deposits, and more;
  2. To obtain your Assent Platinum Secured card, click “Apply Now” on the website and provide your information. You can also check your application status through the website.

Please note that there is no information available about a dedicated mobile app for applying, so it’s likely that the website is the primary application method.