Assent Platinum 0 Intro Rate – How to apply
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This credit card is perfect for those who want many benefits and enjoy all related advantages.
The Assent Platinum 0 Intro Rate from Synovus Bank is a great choice if you’re looking to build or improve your credit.
With 0% interest for the first 6 months and the option to increase your credit limit over time, it also offers features like 24/7 online access and monthly reports to all three major credit bureaus. Want to learn more about how this card can help improve your financial health? Keep reading!
Assent Platinum 0 Intro Rate
Easy cashback Easy applicationHow does the Applied Bank Secured Visa Gold work?
The Applied Bank Secured Visa Gold is a secured credit card, meaning you need to make a security deposit to use it.
The amount you deposit, between $200 and $1,000, becomes your credit limit. For example, if you deposit $500, that’s the maximum amount you can charge on the card.
Every month, you’ll receive a bill, and you’re required to make at least the minimum payment. The bank reports your payments to the three major credit bureaus, so paying on time can help improve your credit score.
Unlike some credit cards, this one doesn’t have an interest-free period. Interest starts on the day you make a purchase, so paying off your balance quickly is important to avoid extra charges. It’s a simple card to use, but you’ll need to keep track of your spending and payments to make the most of it.
How does the Assent Platinum 0% Intro Rate Work?
The Assent Platinum 0 Intro Rate works by requiring a security deposit, which acts as collateral for your credit limit. This deposit ranges from $200 to $2,000, depending on your creditworthiness.
Once approved, the deposit becomes your credit limit, and you can use the card just like any other Mastercard. The big difference is that this is a secured card, meaning the limit is tied to the amount you deposited.
You’ll enjoy a 0% APR for the first six months on purchases, so you can buy things and pay them off without worrying about interest during that time. However, after six months, the APR will increase to 12.99%. The card is a good way to build or rebuild credit since it reports to all three major credit bureaus.
You can also increase your credit limit over time by adding more money to your deposit. It’s designed for people who may have a limited or poor credit history and need to build it back up.
Main Benefits for the Assent Platinum 0% Intro Rate
First, the 0% APR for the first six months means you can make purchases and pay them off without interest. This is a great way to get ahead on payments and avoid extra costs.
The card also reports to all three major credit bureaus—Equifax, Experian, and TransUnion—so using it responsibly helps you build or improve your credit score over time. Plus, the card is a full-featured Mastercard, meaning you can use it anywhere Mastercard is accepted, including for car rentals and hotel bookings.
Another perk is that you can increase your credit limit as you prove your ability to manage the card by adding more money to your deposit. And with 24/7 online account access, it’s easy to keep track of spending and payments.
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Cons for the Assent Platinum 0% Intro Rate
While there are some clear benefits, the Assent Platinum 0 Intro Rate also has its downsides. One of the main drawbacks is the $49 annual fee. Although this is fairly common for secured cards, it’s still an extra cost to keep in mind.
Another downside is that the card doesn’t offer any rewards. If you’re looking to earn points, cash back, or miles, this card won’t give you that benefit.
After the 0% APR period ends, the card also has a 12.99% APR (variable), which could add up if you don’t pay off your balance before the intro period expires.
Lastly, because the card is secured, you have to provide a deposit, which could be a financial strain for some people. The deposit is refundable, but it ties up your money for as long as you have the card.
It’s also important to note that the card is designed for people with fair or poor credit, so if your credit is worse than that, you might not be approved.
APR and fees
The Assent Platinum 0 Intro Rate offers a 0% APR on purchases for the first six months.
This is a big advantage for cardholders who need some time to pay off their purchases without interest. However, once the introductory period ends, the APR increases to 12.99% (variable), which is typical for a secured card.
The card also has a $49 annual fee, which is something to keep in mind when budgeting. While this fee is relatively low compared to other cards, it still adds up over time.
There are also potential fees for late payments or returned payments, but there are no fees for cash advances since the card doesn’t allow cash withdrawals. Overall, while the fees are manageable, they still contribute to the cost of using the card.
How to apply for the Assent Platinum 0% intro Rate
Applying for the Assent Platinum 0 Intro Rate is simple. To get started, just visit the Assent card website and fill out an online application.
You’ll need to provide basic details like your name, address, date of birth, and Social Security number. These details help determine if you qualify for the card.
Next, you’ll choose the security deposit amount you can afford, which will determine your credit limit. The deposit ranges from $200 to $2,000, and it is refundable as long as you keep your account in good standing.
Once you submit your application, you’ll usually get a decision within a few days, but it can take a bit longer. If approved, you’ll receive your card and can start using it right away.
While the card is mainly designed for people with fair or poor credit, it’s still important to have a minimum credit score of around 525 to increase your chances of approval.
