Credit Cards

Surge Secured Mastercard credit card full review

If you’re looking to build your credit score, the Surge Secured Mastercard credit card is certainly an option worth looking into. Check our review and see if it fits your financial needs!

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by Danilo Pereira

Published on 04/15/2022

Surge Secured Mastercard credit card: Build up your creditworthiness with a starting $300 deposit.

Surge logo
Surge Secured Mastercard credit card full review. Source: Stealth Capitalist.

Whether you’re looking for your first credit card so that you can start building up your credit, or times have just been tough on you and you have to rebuild yours, the Surge Secured Mastercard credit card is certainly worth considering.

It does charge you an annual fee so that the bank can offset the risk it incurs by handing money to people with poor credit records. It also doesn’t offer rewards other than 1% cash back on all your purchases. But the card issuer does report to three major credit bureaus. Which means, if you’re a good payer, you’ll soon qualify for better offers.

Surge Secured Mastercard credit cards

How to apply for the Surge Secured Mastercard

Learn how to apply for a Surge Secured Mastercard with our easy step-by-step guide!

Sign-up bonusN/A
Annual fee$69
Rewards1% cash back on every purchase
Other perksN/A
APR19,99%

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How does the Surge Secured Mastercard credit card work?

This credit card was designed with limited or damaged credit individuals in mind. It’s named “Secured” because, as most credit cards aimed at subprime borrowers, it asks you for an upfront security deposit of at least $300 which becomes your initial credit limit.

After 6 months of paying your balance in full and on time, you might even apply for a credit limit increase. But it’s good to remember why you got this card in the first place, so that you never overspend or are ever late on your monthly payments. 

To help you keep track of your credit score, the Surge Secured Mastercard credit card issuer files monthly reports to TransUnion, Equifax and Experian, and you get free access to your Vantage 3.0 score from the last of the three. This will keep you motivated on your quest to improve your credit score.

Surge Secured Mastercard credit card pros and cons

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What are this card’s pros and cons? Source: Adobe Stock.

Here’s a quick list of pros and cons to make things simple.

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Pros

  • No excellent or good credit score required
  • Credit limit increase after as little as 6 months
  • 1% cash back on every purchase

Cons

  • Upfront minimum $300 deposit 
  • $69 annual fee
  • Monthly maintenance fee after 1 year

Does my credit score need to be good?

By no means. This credit card is aimed at folks with less than perfect credit scores. If you are having a hard time getting access to credit because of a poor credit history, this credit card might offer you a way of building up your creditworthiness so that you can apply for better offers later on.

Want to apply for the Surge Secured Mastercard credit card?

You can apply for the Surge Secured Mastercard credit card at the cards web page. All you have to do is to fill out the required information. It’s a fast and easy application process and you will be getting the results in seconds.

Check the link below for an easy guide of the application process!

Surge Secured Mastercard credit cards

How to apply for the Surge Secured Mastercard

Learn how to apply for a Surge Secured Mastercard with our easy step-by-step guide!

About the author  /  Danilo Pereira

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