Credit card

Assent Platinum Secured Card Review: You Set Your Limit!

A straightforward option that requires attention to some details. To learn more, read our article about the beloved Assent Platinum Secured Card and improve your image in the credit mirror.

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Your security deposit comes back when you want it

Assent Platinum Secured credit card
This is the Assent Platinum: check the full review. Source: Crisp Finder.

Use the Assent Platinum Secured Card to lighten the load during tough times. If your score is bad, don’t despair before learning about its supportive tools. Choose what suits you best.

This card was specially designed as a lifeboat for those stranded with a bad score. And the last thing we’d want is to charge an annual fee to those already in a tough spot.

CARD’S FEATURES SUMMED UP:
Credit Score required: Aimed at people with very low (300) or low (550) credit scores.
Card’s APR: 29.24% (Will vary based on the Prime Rate).
Fees: No annual fee. Regarding penalty fees, there will be a $41 charge for late payment and a $30 charge for returned payment.
Rewards: N/A

So don’t miss the opportunity to get to know better a card that aims to improve your score responsibly. Hold back your negative buying impulses with it. The key to success is control.

And use the card to cover truly necessary expenses. Since you determine your limit, the chance to have a score worthy of your financial life is in your hands.

Assent Platinum Secured Card: what’s about this card?

Assent Platinum Secured credit card
A secured credit card is a great way to manage your finances. Source: Canva Pro.

First, it’s good to clarify that the Assent Platinum Secured Card has a well-defined focus. It is aimed at individuals with very low or low credit scores.

And its mission is precisely to improve your credit score. In addition to being accessible, it is also functional. This card is a popular choice for those looking to establish credit.

Furthermore, the card offers a range of features designed to assist in building or rebuilding users’ credit history.

It reports to the three major credit bureaus (Equifax, Experian, and TransUnion) and allows users to boost their credit scores through timely payments.

The Assent Platinum Secured Card requires a security deposit ranging from $200 to $2,000. This deposit is fully refundable when the account is closed.

So, despite not having a rewards program or welcome bonuses, it certainly fulfills its purpose—it is no frills, straight to the point, and distinguished.

The ups and downs: Assent Platinum Secured Card pros and cons

Assent Platinum Secured credit card
Check the pros and cons of the Assent Platinum Secured card. Source: Canva Pro.

Taking a closer look at the Assent Platinum Secured Card, we see a valuable tool for those on the path to rebuilding or establishing credit.

This is because this card offers a gateway to better financial practices, although it comes with its quirks.

Ups:

  • ⬆️ Credit Bureau Reporting: This method builds credit history by reporting to the three major credit bureaus (Equifax, Experian, and TransUnion).
  • ⬆️ Wide Acceptance: Being a MasterCard product, it is accepted at various establishments.
  • ⬆️ Security Deposit Flexibility: Offers the possibility to adjust the credit limit with a refundable security deposit.
  • ⬆️ Ease of Getting Started: You can deposit from $200 and already have a credit limit to start your purchases with the Assent Platinum Secured Card.
  • ⬆️ No Annual Fee: No annual fee will be charged for using your Assent Platinum Secured Card.

Downs:

  • ⬇️ No Rewards or Sign-Up Bonuses: It doesn’t offer purchase rewards or sign-up bonuses.
  • ⬇️ Foreign Transaction Fee: Imposes a 3% foreign transaction fee, which can disadvantage travelers.
  • ⬇️ Limited in Additional Benefits: Apart from basic credit-building functions, it offers few additional benefits.

Are you eligible? Requirements to apply for the Assent Platinum Secured Card

Getting an Assent Platinum Secured Card is easy, but that doesn’t mean there aren’t some basic requirements.

  • You must be at least 18, except in Alabama and Nebraska, where you must be 19.
  • Present a valid Social Security number.
  • Provide proof of residence in one of the US states.

The final step: Learn how to apply for the Assent Platinum Secured Card with confidence!

Assent Platinum Secured credit card
Learn how to apply for this secured card and put your finances back on track. Source: Canva Pro.

The official Assent Platinum Secured Card website is the best way for you to make your application. The process takes just a few minutes, and soon, you’ll know if you’ve been accepted.

The final step is to set your credit limit, which is done according to the value of your security deposit. In other words, you determine your credit limit, between $200 and $2,000.

The mobile app is available for both Android and iOS. However, it’s only for managing your account, so the initial process should be done through the website itself.

But what about other options? Check the Reflex® Platinum Mastercard® review

In the United States, those looking to build or rebuild their credit history have several options regarding credit cards.

We highlight the Assent Platinum Secured Card, as we’ve seen, but also the Reflex® Platinum Mastercard®, a quite popular alternative.

Both offer unique features tailored to users with lower or limited credit scores. To help you better understand these options, let’s compare these two cards based on key features, fees, and benefits.

Assent Platinum Secured Card Reflex® Platinum Mastercard®
In practice, no credit score is required.For poor or non-existent credit scores.
Set at 29.24%.Set at 29.99%.
There is no yearly fee. Late payments incur a $41 charge, and returned payments incur a $30 fee.$75 or $125 annual fee. Enjoy 12 months with no Monthly Maintenance Fee, after which a $10 monthly fee will be charged. In the event of a returned payment or late payment, a fee of $41 will be charged.
No rewards and no welcome bonus.No rewards and no welcome bonus.

While the Assent Platinum Secured Card is more transparent with its fees and benefits, the Reflex® Platinum Mastercard® can vary more in terms of costs and offers depending on the applicant’s profile.

For those interested in delving deeper into the Reflex® Platinum Mastercard® and exploring all its details, features, and how it compares to other options in the market, we strongly recommend reading our full review.

This analysis can provide valuable insights into how the Reflex® Platinum Mastercard® fits into your financial strategy and can help you achieve your credit goals. Click and check it out!

Reflex® Platinum Mastercard® review

If you have poor credit, you may find it difficult to qualify for a credit card. However, help is at hand if you have a Reflex® Platinum Mastercard®.

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