
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
Feature | Detail |
---|---|
Annual Fee | $0 |
Intro APR | 0% for 6 months on purchases |
Regular APR | ~12.99%–28.24% (variable) |
Cash Back | 1% on payments made |
Security Deposit | $200–$2,000 refundable |
Credit Limit Growth | Up to ~$5,000 possible |
Credit Bureau Reporting | Monthly to all three bureaus |
Foreign Transaction Fee | 3% |
Late Fee | Up 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®
- Visit the issuer’s application page (First Latitude or Synovus online portal).
- Complete the form including identity, income, and contact info.
- Provide your security deposit (minimum $200). Processing typically takes 7–21 days, or opt for expedited delivery for fee (~$19.95).
- 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.