Surge MasterCard Credit Card
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The Surge MasterCard Credit Card is another in a line of cards for people who have few other unsecured choices. We understand you don’t want to have to make a deposit — a requirement of secured credit cards — but you’ll face hundreds of dollars in unnecessary fees if you choose this credit card.
The Surge MasterCard Credit Card is an unsecured card, but the issuer, Celtic Bank, says you may be approved for a secured card with a $50, $150 or $500 security deposit if your credit history doesn’t warrant a standard credit card.
If you don’t think your credit is good enough for an unsecured card, look elsewhere. There are better options that don’t come with huge fees attached. If you think your credit is good enough for a secured card, look elsewhere. There are better options that don’t come with huge fees attached.
What fees, you say?
You’ll pay a $125 annual fee the first year, then $96 thereafter. Beginning in the second year, you’ll pay a $10 monthly maintenance fee as well.
And, your APR is a variable 29.99%. That’s high.
All of this to earn an initial credit limit of $500.
Take a pass if you can.
Who should get this card
If you have little credit history or what you have is poor, you might consider the Surge MasterCard Credit Card if you’re confident you can use it responsibly. If you don’t mind paying a lot of fees and you’re only going to use it to buy something small for credit-building purposes, this card can help you improve your credit score over time.
Fees and APR
- This card has a variable APR of 29.99%.
- The annual fee is $125 the first year, after that it’s $96.
- You’ll also pay an annual maintenance fee of $120 billed at $10 a month. This fee is waived the first year.
- You’ll pay a 3% foreign transaction fee on all purchases made outside the U.S.
- Late payments won’t affect your APR but there is a late payment fee of $38.
Extras and perks
There are no extras or perks with this card.
How this card compares
If you have a bank account but limited or poor credit history, the no-fee Discover it Secured Card is a terrific choice to help build your credit and earn cash-back rewards, too.
We also like that you can quickly graduate to an unsecured Discover card with just eight months of good payment behavior.
The Indigo Platinum MasterCard doesn’t charge an annual fee but it may have some “set-up and maintenance fees” that are disclosed after you apply for the card. There’s a penalty APR of 29.9% that will apply indefinitely after one missed payment.
The Total VISA Unsecured Credit Card is another card that tacks on the processing fees, servicing fees and sticks it to you with a high APR of 29.99%. Notably, there’s no foreign transaction fees with this card, so this may make it a better choice for some.
The Credit One Bank Platinum Card pays 1% cash back on eligible purchases, but it’s not always easy to figure out what eligible means. This card also piles on the extra charges for things like requesting a higher limit and expedited payments.
A major drawback of the Credit One Bank Platinum Card is that you won’t know the exact terms of your offer until you’ve applied. The overall fee structure with this card is confusing and likely not clear to most applicants.
Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.