FIT^™ Platinum Mastercard^® Review

The FIT^™ Platinum Mastercard^® is an unsecured credit card for people with fair, poor or bad credit who want to rebuild their credit without putting down a security deposit. The card has a $400 initial credit limit and requires a $95 one-time processing fee if you are approved. The card has a 35.90% fixed APR and reports monthly to the three major credit bureaus. There is no pre-qualification process for the FIT Platinum Mastercard, so you are applying for the card when you submit an application. The card is not currently available to residents of Colorado, Minnesota, Washington or West Virginia.

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What Is the FIT Platinum Mastercard?

The FIT Platinum Mastercard is an unsecured Mastercard designed for consumers who are trying to rebuild their credit. Because it is unsecured, you do not have to make a security deposit to establish the account.

The initial credit limit is $400. The card can be used for everyday purchases and at millions of locations where Mastercard is accepted. The account also reports monthly to the three major credit bureaus, which can make the card useful to someone who is working to establish or rebuild a credit history.

➤ Apply for the FIT^™ Platinum Mastercard^®

What Does the FIT Platinum Mastercard Cost?

If you are approved, you must pay a $95 one-time processing fee to open the account. The current advertised regular APR is 35.90% fixed. The annual fee is listed as see terms, so you should review the account terms before applying so you understand the total cost of the card.

Does the FIT Platinum Mastercard Require a Security Deposit?

No. The FIT Platinum Mastercard is an unsecured credit card, so you do not have to put down a security deposit in order to receive the $400 credit limit if you are approved.

Does the FIT Platinum Mastercard Have Pre-Approval?

No. There is no pre-qualification tool for the FIT Platinum Mastercard. If you want the card, you must submit an application and the issuer will determine whether you qualify.

What Credit Score Is Recommended for the FIT Platinum Mastercard?

The FIT Platinum Mastercard is marketed to consumers with fair, poor or bad credit. That makes it an option for people who may have difficulty qualifying for some traditional unsecured credit cards. Approval is not guaranteed, however, and you should consider the fees and interest rate before applying.

What States Do Not Offer the FIT Platinum Mastercard?

The FIT Platinum Mastercard is not currently available to residents of Colorado, Minnesota, Washington or West Virginia.

Is the FIT Platinum Mastercard Worth Considering?

The FIT Platinum Mastercard may be worth considering if you have fair, poor or bad credit and specifically want an unsecured card that does not require a security deposit. The $400 starting credit limit and monthly credit-bureau reporting may be useful for someone rebuilding credit, but the $95 processing fee and 35.90% fixed APR are important costs to consider before applying.

Bottom Line

The FIT Platinum Mastercard is an unsecured credit card aimed at consumers with less-than-perfect credit. It starts with a $400 credit limit, does not require a security deposit, and reports to the three major credit bureaus. However, there is a $95 processing fee if you are approved, there is no pre-qualification process, and the card is unavailable in Colorado, Minnesota, Washington and West Virginia. If you meet the eligibility requirements and understand the costs, you can apply using the link above.