What is a surge credit card?

The Celtic Bank Surge Mastercard has several features which may appeal to people looking for a second opportunity at establishing credit, but its costs greatly exceed its benefits. It provides a pre-qualification procedure, and the opportunity to increase your credit limit, and it records payments to all three main credit agencies (TransUnion, Equifax and Experian). To see the reviews on surge credit card.

A Surge Mastercard is just a costly alternative amongst credit cards for weak credit that is unlikely to be sustainable in the long run. Paying a damage deposit on a charge card allows you to save even more money. With a strong payment history, you’ll get that money back. The continuous $99 yearly cost and possible monthly maintenance costs ranging from $0 to $10 will never be repaid with the Surge Mastercard. Fees alone can cost up to $219 each year, and interest charges can cost much more. Before applying, thoroughly research this card and learn about other credit card choices if you already have less-than-ideal credit.

Reviews on surge credit card

Keep an eye out for possibly costly costs.

The annual charge on the Surge Mastercard makes it tough to keep your account active over the period, which is excellent if you want to develop credit. When you terminate your account, like any bank card, it might harm your credit score. It is critical to maintain the duration of your credit record when creating credit to safeguard your credit score. That’s difficult to accomplish when your credit has a yearly fee, particularly if it cuts into your budget.

There is the possibility of an increase in credit limit…

You may be qualified for a credit card limit boost after six months, which might enhance your credit score. However, you must request it, and this choice alone does not justify the expense of the card. There are credit line cards that are less expensive to keep and also provide this choice.

Instead, consider the following for a credit card limit increase: If you have a strong payment history and are creditworthy, the Capital One Platinum Secured Credit Card provides automatic credit line increases every six months. You also do not need to add cash to your deposit to obtain it.

Depending on your eligibility, you must make a minimum deposit of $49, $99, or $200. You will receive a minimum credit limit of $200 irrespective of which of those you qualify for. If you can afford to cover the Surge Mastercard’s annual premium and additional monthly fees, a credit such as the Capital One Secured offers a greater financial sense. You will receive your deposit money if you have a solid payment history.