Fit Mastercard – How to apply

By Marcos • 12/01/2024

The Fit Mastercard® is a credit-building card designed for individuals who are looking to establish or improve their credit history.

With a straightforward approval process and a focus on credit-building essentials, it’s a practical option for those committed to improving their financial health.

How Does the Fit Mastercard® Work?

The Fit Mastercard® provides a starting point for those with limited or poor credit history. Approved cardholders receive an initial credit limit of $400, which may increase over time with responsible use.

To maximize the benefits of this card, it’s crucial to make on-time payments and keep your balance low relative to your credit limit.

The card reports your payment activity to all three major credit bureaus, ensuring that your responsible behavior is reflected in your credit profile.

This feature makes it a valuable tool for individuals focused on building a positive credit history.

However, it’s important to note that the card comes with multiple fees, including a one-time setup fee, an annual fee, and monthly maintenance charges.

These costs can add up, so it’s essential to weigh them against the benefits of credit-building when deciding if this card is the right fit for you.

Main Benefits for the Fit Mastercard®

The primary benefit of the Fit Mastercard® is its ability to help individuals establish or rebuild their credit.

The card’s reporting to all three major credit bureaus ensures that positive payment habits contribute to your credit score over time.

Additionally, the card’s initial credit limit of $400 provides a manageable starting point for credit use, with the potential for increases based on responsible usage.

This gradual increase in credit access can further support your financial growth.

Finally, the straightforward approval process makes this card accessible to those who might not qualify for traditional credit cards, offering a fresh start for individuals ready to improve their financial standing.

Cons for the Fit Mastercard®

While the Fit Mastercard® is a useful tool for credit-building, it comes with several notable drawbacks.

The card’s fees—including a one-time setup fee, an annual fee, and monthly maintenance charges—are higher than those associated with many other credit cards, making it important to carefully evaluate its overall cost.

The card also lacks rewards, cashback, or other perks, which may make it less appealing for those seeking additional value beyond credit-building.

Additionally, the high APR means carrying a balance can quickly become expensive, making it best suited for individuals who can pay off their balance in full each month.

APR and Fees

The Fit Mastercard® features a high APR, which makes it important to avoid carrying a balance. The card also comes with a range of fees, including a setup fee, annual fee, and monthly maintenance fees.

These costs should be carefully reviewed to determine whether the card aligns with your financial goals.

How to Apply for the Fit Mastercard®

Applying for the Fit Mastercard® is simple and straightforward. Here’s how:

1. Visit the Website: Go to the Fit Mastercard® website and locate the application page. Click “Apply Now” to start your application.
2. Provide Your Information: Enter your personal and financial details, including your name, address, Social Security number, and income. This helps the issuer assess your eligibility.
3. Submit Your Application: Double-check your details for accuracy and submit your application. Most applicants receive a decision quickly.
4. Activate Your Card: Once approved, your card will arrive in the mail within 7–10 business days. Follow the instructions provided to activate it and start using your card to build your credit!

The Fit Mastercard® is a practical tool for individuals who need a fresh start in their credit journey. While it comes with higher fees, its accessibility and credit-building features make it a viable option for those ready to commit to responsible financial habits.