Assent Platinum Mastercard: Build or Rescue Your Credit with Confidence

The Assent Platinum Mastercard Secured is a $0 annual fee secured card that helps U.S. consumers build credit—even with no credit history or poor credit

Source: Freepik

Need a secure credit card without breaking the bank or locking up too much cash? The Assent Platinum Secured Mastercard (issued by Synovus Bank / First Latitude) is one of the few secured cards that combines easy approval, no annual fee, and even a rewards perk—designed specifically for those working to establish or rebuild credit.


🎁 Rewards That Support Smart Use

Not all secured cards offer anything in return—but Assent does:

  • 1% cashback on every payment you make to the card balance—a rare benefit at this tier  .
  • Cashback is delivered as statement credits once you make the payment.
  • No requirements to pay extra for rewards—just pay your bill and earn.

💸 Fees, Intro APR & Credit-Building Features

Fees & Intro APR

  • $0 annual fee, making it very budget-friendly  .
  • 0% introductory APR for 6 months, followed by a regular rate starting around 12.99%–28.24% (variable) depending on credit profile  .
  • No monthly fees after setup.

Security Deposit & Limits

  • Minimum refundable deposit: $200, with ability to deposit up to $2,000—and potentially increase your credit line to $5,000 over time  .
  • Syncs with flexible funding options and potential line increases.

Credit Reporting

  • Reports monthly to Equifax, Experian, and TransUnion, helping you establish positive history when used responsibly  .

📊 Tools that Keep You On Track

  • Apply with no minimum credit score, even with poor or limited history—approval odds are higher than many others * *.
  • Flexible deposit timeline and optional expedited processing (for a fee) are available if you need faster access * *.
  • Full account management via secure online portal, including payment reminders and on-time alerts.

🔐 Security & Protections

  • EMV chip-enabled Mastercard ensures in-store transaction security.
  • $0 liability protection on fraud and unauthorized charges.
  • Standard credit card protec­tions paired with clear reporting practices.

📄 Summary of Terms & Use Tips

FeatureDetail
Annual Fee$0
Intro APR0% for 6 months on purchases
Regular APR~12.99%–28.24% (variable)
Cash Back1% on payments made
Security Deposit$200–$2,000 refundable
Credit Limit GrowthUp to ~$5,000 possible
Credit Bureau ReportingMonthly to all three bureaus
Foreign Transaction Fee3%
Late FeeUp to ~$41

💡 Pro Tip: For best results, deposit at least $500 to keep utilization below 30%, pay your balance in full on-time, and consider requesting a limit increase after 6 months.

✅ Who Should Consider It—and Who Might Choose Otherwise

Who it’s strong for:

  • People with limited or poor credit needing an unsecured-style secured card.
  • Those wanting no annual fee and ability to earn minimal cash back.
  • Users who prefer short-term intro APR financing during the first 6 months.

Who may be better served elsewhere:

  • Individuals who can qualify for Discover® Secured or Capital One Secured Cards—these typically offer more robust rewards or easier graduation paths.
  • Those who plan to carry a balance long-term—the Assent’s APR, while modest, can become pricey over time if not fully paid.

🚀 How to Apply for the Assent Platinum Secured Mastercard®

  1. Visit the issuer’s application page (First Latitude or Synovus online portal).
  2. Complete the form including identity, income, and contact info.
  3. Provide your security deposit (minimum $200). Processing typically takes 7–21 days, or opt for expedited delivery for fee (~$19.95).
  4. Use your card responsibly: make small purchases, pay off the balance monthly, and monitor your reported credit progress.

🎯 Final Take

The Assent Platinum Mastercard® Secured Credit Card offers a rare mix of no annual fee, modest APR, 1% rewards, and broad credit reporting—making it a practical and budget-friendly option for credit rebuilding.

Use it with intention, pay on time, and let it help elevate your credit profile toward stronger options in the future.

Written By

Jason holds an MBA in Finance and specializes in personal finance and financial planning. With over 10 years of experience as a consultant in the field, he excels at making complex financial topics understandable, helping readers make informed decisions about investments and household budgets.