Surge® Platinum Mastercard®
- 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!
- Monthly Credit Score – Sign up for electronic statements, and get your Vantage 3.0 Score Credit Score From Experian
- 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
- Online account access 24/7
- Checking Account Required
Surge® Platinum Mastercard® Review
The Surge® Platinum Mastercard®, issued by Celtic Bank and serviced by Continental Finance is designed specifically for individuals who are looking to build or rebuild their credit. Typically, this equates to a FICO score of 629 or lower.
Unlike traditional credit cards that require a high credit score for approval, the Surge Credit Card caters to individuals with limited or less-than-perfect credit history.
This means that even if you have had financial setbacks in the past, you still have a chance to build a positive credit history with this powerful tool.
A potential credit limit increase
Customers can benefit from the Surge® Platinum Mastercard® credit limit increase program by up to $2,000 by making on-time payments of at least the minimum required amount for your first six months.
This increase in credit limit not only gives you more purchasing power but also helps lower your credit utilization ratio, which is an important factor in calculating your credit score.
How the Surge Credit Card can help you build credit
The Surge® Platinum Mastercard® reports your payment history to the major credit bureaus, allowing you to establish a track record of responsible credit card usage.
By making timely payments and keeping your balances low, you can gradually improve your credit score over time.
This card provides a valuable opportunity to demonstrate your creditworthiness and prove that you are capable of managing your finances responsibly.
Plus, if you enroll in electronic statements, you can get your VantageScore 3.0 on your monthly statement to help you track your credit-buliding progress.
Prequalify and no security deposit is required
Surge® Platinum Mastercard® Pros and Cons
Pros
- Starting limit ranges from $300 to $1,000
- You don’t need a perfect credit history
- No security deposit required
- Reports to all three credit bureaus
- You may qualify for twice your credit limit after six months of timely payments
Cons
- Expensive fees and APR
- No rewards or perks
Final takeaway
The Surge® Platinum Mastercard® has a high annual fee and significant maintenance fees but it provides a valuable opportunity to demonstrate your creditworthiness and prove that you are capable of managing your finances responsibly.
