- All credit types welcome to apply!
- Monthly reporting to the three major credit bureaus
- Initial Credit Limit of $400.00!* (subject to available credit)
- Fast and easy application process; results in seconds
- Use your card at locations everywhere that Mastercard® is accepted
- Free online account access 24/7
- Checking Account Required
Reviewing The Fit Mastercard
The Fit Mastercard is designed for people who have less than perfect credit. If you are trying to build or re-establish your credit, getting a card like the Fit Mastercard may help, provided you make your payments on time and your balance stays under the designated credit limit. The card is issued by the Bank of Missouri.
Main Benefits Of The Fit Mastercard
The card reports to all three major credit bureaus so the positive steps you take in building your credit will be noted by these agencies.
The Fit Mastercard is an unsecured card, so it does not require a security deposit upon approval. It has a very easy application process, and applicants will hear whether they were approved for the card in a matter of seconds.
The Fit Mastercard has an initial credit limit of up to $400, and can be used anywhere Mastercard is accepted, which makes using the card extremely convenient.
Main Drawbacks Of The Fit Mastercard
This card has some significant fees which the consumer needs to consider.
Once you are approved for the card, you must pay a fairly high processing fee. This is a one-time charge. In addition, there is an annual fee which is assessed before you use your card, so it reduces your initial $400 credit line.
A monthly maintenance fee is added at the beginning of your second year as a cardholder.
The APR on the card is also one of the highest in the credit card industry.
Who The Fit Mastercard Is Right For
Consumers who are trying to build or re-establish their credit need tools to help them in this endeavor. Having a credit card that reports to the three major credit bureaus can help, but it is imperative to make all your monthly payments on time and stay within your designated credit limit. The Fit Mastercard can help consumers, but cardholders must be aware of the high rates and fees are associated with the card.