More about the First Digital NextGen Mastercard® Credit Card
- Build up your credit with a card that reports to all three major credit bureaus every month.
- You may be eligible for a Credit Line Increase after six months
- Perfect credit not required for approval; we may approve you when others won’t
- Checking account required.
- If approved, just pay the one-time Program Fee to gain access to your new account and credit line (subject to available credit)
- Get the security and convenience of a full-feature, unsecured Mastercard® Credit Card – accepted at millions of merchant and ATM locations nationwide and online
Reviewing The First Digital NextGen Mastercard Credit Card
Many consumers have had a difficult time building credit and want to take steps to enhance improve credit profile. Using a credit card in a responsible manner could assist them in reaching this goal. You don’t need good credit to be approved for the First Digital NextGen Mastercard Credit Card but you will need a checking account to be considered. The card is issued by the Synovus Bank.
Main Benefits Of The First Digital NextGen Mastercard Credit Card
If you make your payments on time and stay within your established credit limits, using a card like the First Digital NextGen Mastercard Credit Card may help you build your credit profile. Since the card reports your account activity to the three major credit bureaus each month, your timely payments will be noted by these agencies.
The First Digital NextGen Mastercard Credit Card has an initial credit limit of $300. Higher credit limits may be granted after six months of being a cardholder.
The card has a very easy-to-navigate application process, so applicants may find out relatively quickly whether they were approved.
Main Drawbacks Of The First Digital NextGen Mastercard Credit Card
The First Digital NextGen Mastercard Credit Card has a number of fees that consumers will be charged. The annual fee during the first year is assessed before you start using your card, thus lessening your credit limit during the first month. The annual fee does drop slightly in subsequent years; however, a fairly steep monthly fee is assessed in year two and beyond. There is also a one-time program fee. Whenever your account is approved for a credit limit increase, a credit limit increase fee is imposed. So if you are granted a credit limit increase, your initial increase would be the full amount minus the fee.
The APR on the First Digital NextGen Mastercard Credit Card is one of the highest on the market.
Who The First Digital NextGen Mastercard Credit Card Is Right For?
If you have struggled with your establishing a solid credit history, you need some tools to help build your credit score. Being approved for a credit card that reports to the three major credit bureaus can be beneficial, as long as you make your payments on time every month and stay within your credit limit. The First Digital NextGen Mastercard Credit Card can help consumers, but consumers need to be informed of the very high rates and fees associated with this card.