The Ultimate Guide to Credit Cards
Wednesday, July 17, 2024

Surge® Platinum Mastercard® Review

Eric Bank

By: Eric Bank

Eric Bank
Eric Bank

Eric Bank is an M.B.A. who has covered financial and business topics since 1985, appearing regularly on Credible, eHow, WiseBread, The Nest, Zacks, Chron, BadCredit.org and dozens of other outlets. Eric specializes in taking complex subject matters and explaining them in simple terms for consumer audiences, particularly in the world of personal finance. Eric holds a Master's in Business Administration from New York University and a Master's in Finance from DePaul University.

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Editor: Jon McDonald

Jon McDonald
Jon McDonald

Jon leverages 15-plus years of journalism expertise to inform financial consumers about emerging trends and companies making an impact in the industry. He is most knowledgeable in the areas of budgeting, credit card rewards, and responsible credit use. Jon has a passion for writing and editing, and his articles have appeared in publications produced by The New York Times.

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Reviewer: Ashley Fricker

Ashley Fricker
Ashley Fricker

Ashley Fricker has more than a decade of experience as a finance contributor and editor, and has specialized in the credit card industry since 2015. Her credit card commentary is featured on national media outlets that include CNBC, MarketWatch, Investopedia, and Reader's Digest, among many others. She has worked closely with the world’s largest banks and financial institutions, up-and-coming fintech companies, and press and news outlets to curate comprehensive content and media. Ashley holds a bachelor's degree in multimedia journalism from Florida Atlantic University.

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Surge® Platinum Mastercard® Review

Our Rating 4.1 /5.0 ★★★★

No matter how difficult your credit journey is, you still have credit card options within reach — even with less-than-stellar credit. While these types of cards are accessible, they also provide a real opportunity to turn your credit around if you use them wisely.

Here, we’ll explore one of these options, the Surge® Platinum Mastercard®, and three similar cards, all friendly to those rebuilding credit. One of these may just be the perfect match for your financial comeback story.

A Subprime Card With a Generous Credit Limit

The Surge® Platinum Mastercard® competes with other subprime credit cards that cater to those on the journey to better credit. What sets it apart is its promising feature to potentially double your credit limit, offering not just more spending flexibility but a helping hand in boosting your credit score.

The characteristic quality of this card is its open-door policy. It welcomes those with bad credit, offering hope when other cards turn them away. That inclusivity makes the card a friend during your credit-building journey.

The card isn’t just about approving higher credit limits; it’s about recognizing and rewarding financial discipline. It’s like having a credit cushion and getting a pat on the back for your smart money management.

Keep in mind that the card is costly, with high interest rates and fees. That’s its price for providing a potential bridge to better credit. With mindful spending and on-time payments, it’s a card that can pave the way to a brighter financial future.

How to Qualify for the Card

Applying for the Surge® Platinum Mastercard® is a straightforward process designed for those who lack the most polished credit history. This card welcomes a wide range of applicants (i.e., those with a FICO score of at least 500), understanding that everyone deserves a chance to rebuild and improve their credit.

To be eligible, you need to be at least 18 years old, have a valid Social Security number, and live in the United States. Also, you must earn enough income to afford the card’s monthly minimum payments. You can learn more about the card below and access the application on the bank’s website by clicking the Apply Now button:

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Surge® Platinum Mastercard® Review

at Continental Finance'ssecure website

BEST OVERALL RATING

★★★★

4.1

OVERALL RATING

  • 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
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
See website for Details
See website for Details
35.90% Fixed
$75 - $125
See website for Details*

The application process includes a credit check, but don’t let that intimidate you. You can prequalify first without a hard credit pull and with no impact on your credit score.

This card is known for its more forgiving acceptance requirements, looking beyond just your credit score to the broader story of your financial journey. While it’s true that approval isn’t guaranteed, and your current income and debts are pivotal, this card is all about giving people a fair chance.

So, if you’re ready to take a step forward, fill out the application either online or via a paper form. It’s a simple step towards potentially big changes in your credit health.

Benefits & Drawbacks to Consider

The Surge® Platinum Mastercard® comes with a mixed bag of features that may just fit what you’re looking for in a credit card, especially if you’re on the road to credit recovery.

On the bright side, this card provides hope if you have less-than-perfect credit, offering a chance to qualify for a credit card and improve your credit score over time. It’s known for potentially doubling your credit limit, a perk that offers both a vote of confidence and a practical boost to your financial flexibility.

However, it’s not all smooth sailing. The credit card does come with its share of drawbacks, most notably higher interest rates and fees. You’ll need to manage your spending wisely and stay on top of your payments to avoid extra costs. But if you’re up for the challenge, this card can be a valuable tool.

Benefits

The credit card issuer designed this product to help you rehabilitate your credit, welcoming users with a range of credit histories. Its standout features include the possibility of a credit limit increase, enhanced spending power, and encouraging responsible credit management.

    • It welcomes a range of credit histories: Ideal for individuals rebuilding or beginning their credit journey.

    • Potential credit limit increase: Enhances spending power and encourages responsible credit management.

    • Accessible application process: Straightforward and inclusive, catering to diverse financial backgrounds.

    • Credit building opportunity: Regular reporting to credit bureaus assists in improving credit scores.

    • Online account management: Enables easy monitoring of spending and efficient account management.

Drawbacks

While it offers several benefits, you should consider its disadvantages when making an informed decision. The following drawbacks underscore the need for prudent financial management when using the card:

    • Higher interest rates: The 35.90% Fixed APR can lead to increased costs if you carry balances month to month.

    • Annual and maintenance fees: Adds to the overall expense of maintaining the card. The annual fee is $75 - $125.

    • Requires careful budget management: You need to have a good financial plan to avoid additional debt. If you do not manage the card carefully, it could lead to a further strain on your financial health.

The card suffers from excessive costs and a lack of perks. That’s not surprising, given the flexible way it approves applicants with bad credit.

Best Alternative Credit Cards

Exploring credit cards that compete with the Surge® Platinum Mastercard® is a savvy approach to financial decision-making. By considering a range of options, you can compare fees and interest rates and uncover potentially valuable rewards, benefits, and terms that may suit your financial habits and goals better.

This comparative analysis helps ensure you get a card that meets your immediate needs and supports your long-term financial wellness. Whether it’s lower fees, more favorable interest rates, or rewards that match your lifestyle, taking the time to survey the competition can lead to a better choice.

Fortiva® Mastercard® Credit Card Review

at Fortiva'ssecure website

BEST OVERALL RATING

★★★★★
4.5

OVERALL RATING

  • Earn 3% Cash Back Rewards* on Gas, Groceries and Utility Bill Payments
  • Earn 1% Cash Back Rewards* on all other eligible purchases
  • Good anywhere Mastercard® is accepted
  • $0 fraud liability**
  • Free access to your VantageScore 4.0 credit score from TransUnion®†
    *See Program Terms for important information about the cash back rewards program.
    **Fraud liability subject to Mastercard® rules.
    † Your credit score will be available in your online account starting 60 days after your account is opened. (Registration required.) The free VantageScore 4.0 credit score provided by TransUnion® is for educational purposes only. This score may not be used by The Bank of Missouri (the issuer of this card) or other creditors to make credit decisions.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
29.99% or 36% Fixed
As low as $85
Fair

The Fortiva® Mastercard® Credit Card does not require a good credit score for approval. It offers cash back rewards and free access to your VantageScore 4.0 credit score.

You can prequalify for an initial credit limit of up to $1,000 without impacting your credit score. Fortiva will review your account regularly to see whether you deserve a higher credit line.

FIT™ Platinum Mastercard® Review

at Continental Finance'ssecure website

BEST OVERALL RATING

★★★★
3.5

OVERALL RATING

  • $400 credit limit doubles to $800! (Simply make your first 6 monthly minimum payments on time)
  • All credit types welcome to apply
  • Monthly reporting to the three major credit bureaus
  • Initial Credit Limit of $400.00 (Subject to available credit)
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere Mastercard® is accepted
  • Access to your Vantage 3.0 score from Experian (When you sign up for e-statements)
  • Checking Account Required
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
35.90% Fixed
$99 introductory fee for the first year, then $125 thereafter
Fair/Poor/Bad

The FIT™ Platinum Mastercard® reports your card activity to all three major credit bureaus. Triple-reporting is the most effective way to build credit, but you must make timely payments and keep your unpaid balance in check.

The card is costly, with various nuisance charges atop a stout $99 introductory fee for the first year, then $125 thereafter annual fee. But its 35.90% Fixed APR, while no bargain, is lower than the 36% that several competitors charge. It also does not charge fees for foreign transactions or cash advances during the first 12 months following account opening.

BEST OVERALL RATING

★★★★
4.1

OVERALL RATING

  • Earn 1% cash back rewards^^ on payments made to your Revvi Credit Card
  • Perfect credit not required
  • $300 credit limit (subject to available credit)
  • Checking account required
  • Opportunity to request credit limit increase after twelve months, fee applies
  • *See Rates, Fees, Costs & Limitations for complete offer details
  • ^^See Revvi Rewards Programs Terms & Conditions for details
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
See website for Details
N/A
35.99%
$75.00 1st year, $48.00 after
Fair

The Revvi Card is an option for consumers without perfect credit. The card offers rewards, allowing cardholders to save money while building their credit.

The card’s numerous benefits include a fast approval process. Cardholders can access the card’s mobile app to make payments and stay on top of expenses. Prospective cardholders should carefully review the card’s fees to ensure it’s the right card for them.

Cardholder Reviews Around the Web

Diving into forum remarks about credit cards can be super helpful, giving you the scoop on what it’s actually like to use them straight from the horse’s mouth. You find all sorts of stories and tips that you won’t see in the brochure, which is great for getting the full picture.

The downside? Well, everyone’s got an opinion, and not all are created equal.

This forum contributor is happy to own the Surge® Platinum Mastercard®:

“I have this card and had it for about 6 months or so. The spending limit was $750 with no annual or starting fee for me. I just received a credit limit increase on it about a week and a half ago for $300, bringing my limit to $1,050. My scores were low then, but I have no problem with them or this card.”

But another contributor is hardly a fan:

“Surge is issued by Celtic Bank — fee harvester, monthly fees starting in year two, max credit limit $750. If you can avoid it, avoid it.”

Some comments may be spot-on, while others could be off the mark based on one-off experiences or personal biases. Plus, what works for one person may not work for you. So, while it’s awesome to get real-life insights, it’s smart to mix them with solid research to make the best choice for your wallet.

FAQs: How Do the Card’s Credit Limits Work?

The Surge® Platinum Mastercard® approaches credit limits with a nurturing perspective, especially for those rebuilding their credit. It starts you off with a manageable credit limit — typically between $300 and $1,000 — based on your unique financial situation.

The real charm lies in its encouragement of financial growth. After just six months of on-time payments and sensible spending, you may see your credit limit double.

This isn’t just about more spending power; it’s a nod to your commitment to responsible credit use and a boost to your credit health. You have a financial partner that rewards your progress and supports your journey towards better credit.

How Does the Card Help Me Build Credit?

Think of the card as a supportive friend in your credit journey. It quietly works in the background, turning your responsible spending and timely payments into positive reports to credit bureaus. The card supports credit-building in the following ways:

    • Cheering on your credit journey: Every time the bank reports your good credit habits to all three major bureaus, it can give your credit score a little boost.

    • Growing with you: As your credit limit increases with responsible use, it’s not just about more spending power — it’s about smartly managing your credit utilization ratio (i.e., percentage of used credit to available credit, which is best when less than 30%.

    • Celebrating timely payments: Each on-time payment is a win for your credit history, showing your commitment to financial responsibility.

The Surge® Platinum Mastercard® isn’t just a piece of plastic in your wallet. It’s a partner in building a brighter financial future. With every swipe and payment, you lay down another brick in a strong credit foundation. It’s all about taking those small, steady steps toward a healthier credit score, and this card is right there with you.

Is It a Legitimate Credit Card?

The Surge® Platinum Mastercard® is indeed a legitimate credit card. Celtic Bank is the credit card issuer, and Continental Finance Company services it. Both are well-known financial institutions in the United States.

The Better Business Bureau (BBB) ratings and cardowner scores provide some insights into its trustworthiness and customer experiences. The BBB has not accredited Celtic Bank and has given it a B rating. The BBB has accredited Continental Finance Company and awarded it an A+ rating.

Still, as with any financial decision, it’s always wise to do a bit of research. Take a look at the terms and conditions, read reviews from people who have used the card, and compare it to other options to see if it’s the right fit for your needs.

How Does the Card Compare to a Secured Credit Card?

Secured credit cards are a popular alternative for consumers with credit issues. True, they require a refundable security deposit, but they often have lower fees and more perks. Here’s a summary of how this card stacks up against the typical secured card.

Surge® Platinum Mastercard® Typical Secured Card
Security Deposit No security deposit needed Requires a security deposit
Credit Limit Typically, a lower credit limit The credit limit matches the deposit
Building Credit Helps build your credit history Also helps build credit history
Interest Rates Has higher interest rates Interest rates vary but are typically lower
Annual Fees Annual fee applies Annual fees often don’t apply
Credit Check Requires a credit check Usually, no credit check is required
Spending Freedom More flexibility in spending Limited to the deposit amount
Reward Programs No rewards or cashback Some secured cards offer rewards

You can easily find a secured card without the annual and monthly fees that the Surge® Platinum Mastercard® extracts. In fact, we’ve compiled a list of the best options.

Is the Card Worth It?

That depends on your individual financial goals and needs, so let’s break it down.

If you’re looking to build or rebuild your credit and don’t want to tie up funds with a security deposit, the Surge® Platinum Mastercard® may be a suitable option. It can help you establish a positive credit history, which is important for future financial endeavors. The prospect of doubling your credit score is another reason why owning the card can make a lot of sense,

However, consider the card’s terms and conditions. Keep an eye on its interest rate and fees, as they are high. If you plan to carry a balance or want rewards, compare the Surge® Platinum Mastercard® to other credit card options to ensure it meets your needs.

Ultimately, this card can be a valuable tool for improving your credit if you use it responsibly. Read the fine print, weigh the pros and cons, and decide if it enhances or hinders your financial journey.

This Card May Be For You If…

    • You’re a comeback kid: If your credit score has seen better days or you’re just starting to build your credit story, this card can help you turn the page. It reports to the major credit bureaus, giving your credit score a chance to grow.

    • You’re a freedom seeker: Not everyone loves the idea of putting down a deposit for a secured credit card. This unsecured card could be your ticket if you’re looking for a bit of financial freedom without the upfront commitment.

    • You’re a grow-getter: If you’re all about growth, you’ll appreciate how this card offers opportunities to increase your credit line over time.

    • You’re a straight shooter: For those who like to keep things simple, this card cuts through the clutter. No bells and whistles, just a solid choice for building or repairing your credit.

    • You’re an underdog: If other cards have turned you down, this one might be what you need. It’s an option for those who are finding it tough to earn approval elsewhere.

Selecting the right credit card is akin to choosing a partner for your financial journey — one that aligns with your current needs and future goals. The Surge® Platinum Mastercard® is a potential ally if you fall into one of the scenarios above. Compare it to the three reviewed alternatives to help ensure you select a card that matches your mojo.

About the Author

Eric Bank
Eric Bank Finance Expert

Eric Bank is an M.B.A. who has covered financial and business topics since 1985, appearing regularly on Credible, eHow, WiseBread, The Nest, Zacks, Chron, BadCredit.org and dozens of other outlets. Eric specializes in taking complex subject matters and explaining them in simple terms for consumer audiences, particularly in the world of personal finance. Eric holds a Master's in Business Administration from New York University and a Master's in Finance from DePaul University.

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