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How does the surge credit card work

The Surge Mastercard® markets itself as a credit-builder card, and in a few respects that’s true.
Celtic Bank considers people with less-than-stellar credit, also it does report payment history to all three main consumer credit bureaus.

If you are looking to begin to build your credit or have to rebuild your credit, a secured credit card is one of the best tools to utilize on your own journey.
Take into account that the annual fee for the first year will undoubtedly be deducted from your initial credit limit.
This means that in the event that you get approved for an initial credit limit of $300 and your annual fee is $99, your initial available credit will undoubtedly be $201.

Other Options To Take Into Account For Bad Credit

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In the event that you miss a payment or make a late payment, extra fees or charges could be added. does not control the sum of these fees or charges you might be confronted with for nonpayment, late payment, or partial payment.
Your Surge Credit Card usage and regular repayments are reported by three major credit bureaus each month, which will help you increase your credit profile as time passes.
There is absolutely no credit check required to prequalify, so see if you’re permitted open a Surge® credit card today.
Our partners cannot pay us to guarantee favorable reviews of these products or services.

The Surge card includes an annual fee of $75 to $99 that supports building a free credit history with assistance.
It’s a credit-building charge card with fewer foreign transaction fees.
However, the Chase Freedom Unlimited® is a good option for those looking for an all-around workhorse card.
The starting credit limit increase when you make six on-time monthly payments and helps potential credit limit increase.

  • Doing the quick math, $75 is 25% of the card’s $300 minimum credit limit, that is a pretty high percentage of your credit limit.
  • That is a neat perk since you’ll be able to see exactly how making on-time payments impacts
  • However, the Chase Freedom Unlimited® is a wonderful option for those looking for an all-around workhorse card.
  • Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.
  • I’ve had my Surge MasterCard for awhile now & never really had an issue.

Whether it’s limited or poor credit, look for the credit profile as it helps you find out about monthly reporting and other credit building cards.
Therefore, the applicants’ credit approval option offer cash advances and own proprietary website rules, and a refundable deposit for assistance.
This can be quite pricey, especially considering that many secured bank cards include $0 annual fees.

Monthly Rent Or Mortgage Payment

All you need to do is accept electronic statements when signing up for the card and your score will be on your monthly statements.
Doing the quick math, $75 is 25% of the card’s $300 minimum credit limit, that is a pretty high percentage of your credit limit.
Knowing your rent or mortgage payments helps us calculate your debt-to-income ratio (DTI) which is your monthly debt payments divided by your pre-tax monthly income.
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  • Instead, look for a balance transfer credit card that provides a 0% intro APR offer, which you can then utilize to minimize interest charges and work toward paying off your statement.
  • But since we generally make money when you find an offer you like and obtain, we try to demonstrate offers we think are a good
  • You can use these procedures as alternatives to the Surge card or alongside it within a broader credit-building strategy.
  • editorial integrity,

The content on this page is accurate as of the posting date; however, some of the offers mentioned could have expired.
Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and also have not been reviewed, approved or otherwise endorsed by any card issuer.
According to Experian, one of many three major credit reporting agencies, 33% of Americans have a FICO score in the “very poor” to “fair” range, meaning their scores are between 300 and 669.
If your credit history falls into those categories, you may struggle to get approved for credit cards and be limited by a secured card. is an independent, advertising-supported service.
The owner of this site may be compensated in exchange for featured keeping certain sponsored products and services, or your simply clicking links posted with this website.

Further, BestCards lists charge card offers which are updated daily with information thought to be accurate to the very best of our knowledge.
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This card is specially useful for those with a limited credit history looking to enhance their scores.
The Surge® Platinum Mastercard® charge card features a without headaches application process.
Surge® Platinum Mastercard® permits you to prequalify and see if the application will undoubtedly be approved.

The content developed by our editorial staff is objective, factual, and not influenced by our advertisers.
Our experts have been helping you master your money for over four decades.
We continually make an effort to provide consumers with the expert advice and tools had a need to succeed throughout life’s financial journey.