If you pay your credit balance on time each month, Citi may even return your initial deposit (eventually) and upgrade you to an unsecured credit card.Īnother major difference between the two: The Citi® Secured Mastercard® * is issued by the third-largest credit issuer in the world, Citibank. The credit limit is determined by the deposit amount you make, from a minimum of $200 up to a maximum of $2,500 in $100 increments. But unlike the Surge® Platinum Mastercard®, Citi’s Secured Mastercard requires a security deposit upon card approval. The Citi® Secured Mastercard® * is also for customers looking to build a strong credit score, just as the Surge. We would recommend the Platinum X5 Visa over the Surge Mastercard for most people, but would also recommend that anyone consider a secured card before applying for an unsecured card for bad credit for the opportunity to pay even lower fees. The Credit One Bank® Platinum X5 Visa® has a $95 annual fee. The Credit One Bank® Platinum X5 Visa® includes free access to your credit score, credit reporting to all three major credit bureaus and $0 fraud liability. Credit One Bank® Platinum X5 Visa® cardholders can earn 5% cash-back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV, and mobile phone service purchases each year, then 1% thereafter. What differentiates the Credit One Bank® Platinum X5 Visa® from the Surge® Platinum Mastercard® is that the former earns cash-back rewards. Credit One Bank® Platinum X5 Visa®īoth of these cards are geared toward customers with poorer credit. But know that there are better options for credit cards with bad credit without any annual or other unnecessary fees. Since both cards report your credit activity on a monthly basis to the major bureaus, either can be a useful tool for those who need to revamp their credit-assuming you are never late on a payment. Since both are unsecured credit cards, no cash deposit is required in exchange for a line of credit.ĭespite the high annual fees, each card accepts applicants with poor credit. Where the Surge may charge you a high annual fee in the first year ( see terms), the Indigo® Mastercard® * comes with a set annual fee every year ranging from $0-$99 depending on your creditworthiness. These two unsecured credit cards are similar except for the annual fee. These unappealing charges mean the Surge should be considered as a last resort to boost your credit. Additional costs apply for authorized users and foreign transaction fees. Along with that annual fee, the card is equipped with a monthly maintenance fee beginning with your second year as a cardholder. The card comes with an annual fee that varies depending on your creditworthiness. The Surge® Platinum Mastercard® can help you achieve your goal of improving your credit history, but it will cost you. The card’s servicer, Continental Finance, reports your payment history to all three credit bureaus (Experian, TransUnion and Equifax), which allows cardholders to build credit with responsible use. ![]() But, unlike most cards aimed at the subprime market, it is not a secured card and no upfront security deposit is needed upon approval. Celtic Bank, the card’s issuer, considers applicants with substandard credit. ![]() The Surge® Platinum Mastercard® is designed for those with limited or damaged credit.
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