Continental Finance Surge Mastercard: This one’s made to be used

Are you in trouble with your credit scores? Considering the troubling financial moment the country faces right now, many people have the same problem. That’s when you might want to use a secured or similar card aimed at poor credit scores to get a little better over the next few months. The Surge Mastercard offers exactly this possibility. 

Sometimes, your credit options are so limited that you must settle for a credit card below your expectations. That’s alright, just make sure that this choice actually reports to all three major reporting bureaus. 

We’re here to help you pick a great credit card for poor scores and much more. Understand how to use this credit card for a better score and when it’s the right time to apply. Keep reading to find out the main advantages and perks, as well as interest rates and fees that apply here. 

Remember that, when it comes to credit cards for low scorers, the fees are usually higher. So you might want to read everything carefully before making a decision. 

How does the Surge Mastercard work? 

The Surge Mastercard is a credit card issued by the Celtic Bank, an institution which became famous for its loans for both personal and business use. It’s part of the top 10 nationwide SBA lenders and specializes in services for private users and small businesses. We’re explaining all of this so that you can be aware that this credit card is worthy of your trust. 

Not only is it trustworthy, but it might be just the break you need to get better credit scores in the next few months. After all, this is a credit card that’s aimed at users who are struggling with credit or have no history to speak of. 

Getting an approval for this credit card is easy and, better of all, fast. You can find out if you’re pre-approved in just a few minutes using the Surge Mastercard’s official website. Since the credit card provider only does a soft check on your score, this won’t be a problem or damage your numbers at all. 

Actually, we recommend you give it a try while researching for the best options of unsecured credit cards out there. Don’t forget to compare the fees, since they tend to be quite high in this card category. 

Main advantages of using the Surge Mastercard

If you have a bad credit score, then getting an approval on better card options will be hard, almost impossible. This is the first pro of the Surge Mastercard, almost anyone can give it a try. Another advantage of using this card if you’re struggling with your score is the fact that it reports your payments to all three reporting bureaus monthly. 

Other perks that come with this credit card include: 

• You can get an approval despite bad credit scores; 
• Get a pre-qualification without harming your score; 
• Fast credit limit increase, the first review happens in six months; 
• Use your card all over the world, as long as Mastercard is accepted; 
• Zero fraud liability protection; 
• Free access to your Experian score. 

If you’re responsible with payments, you can get a $1.000 limit increase in just six months. But remember that this credit card is here to help you recover credit. A higher limit is great to keep your credit utilization ratio on the safer side. So we recommend you attempt to get this increase as soon as possible for the sake of your credit scores. 

Is this a secured credit card?

No, you won’t have to make a security deposit at all when you get the Surge Mastercard. But there are some potentially expensive fees that come with it. Depending on your creditworthiness, you’ll have to pay $200 in fees in just the first year. 

If you already have that money saved up, you might want to look for a secured card instead. After all, your security deposit is refundable and you’ll get it back as soon as you upgrade to an unsecured version. 

Can you get a better credit limit with this card?

The credit limit is already higher than most similar cards to begin with. The Surge Mastercard offers you the chance to get a $300 to $1.000 limit as soon as you apply depending on your income and history. 

After a few months paying on time, you should be able to get a credit review. According to the issuer, this should happen within the first six months of holding this card. This review can go up to $1.000 extra, so you might be able to get a $2.000 limit in six months.

But remember: having a higher limit shouldn’t be an excuse to spend without responsibility. The best option for someone who is trying to get their credit score back on track is using this chance to get their credit utilization ratio lower. Keep your spending under control and pay on time for better results. 

Interest rates and fees for this card

The greatest problem with most unsecured credit cards for poor scores are the high fees and interest rates. Remember that the credit card issuer is taking a bigger risk when it gives credit services to those with poor scores. Thus, the price you’ll have to pay overall gets higher, as well as the variable APR. 

Some of the fees and interest rates you’ll have to pay are: 

• $75 annual fee for the first year, $99 afterwards;
• $10 monthly fee (you’ll only start paying after the first year); 
• 24,99% – 29,99% variable APR; 
• Optional $9,95 premium card fee;
• 24,99% – 29,99% cash advance APR;
• $30 additional card fee;
• $5 or 5% cash advance fee;
• 3% foreign transaction fee;
• $41 late payment fee;
• $41 returned payment fee.

Your annual fee will be deducted from your credit limit for the first year. This means that, if you’re able to get the minimum $200 limit, you’ll be able to spend up to $135. Since this also makes your credit utilization ratio a lot small, you’d best take care not to overspend for this first year. 

The Surge Mastercard can be quite expensive to keep in your wallet. It shouldn’t be your forever card, so look for an unsecured option that isn’t aimed at poor credit scores as soon as your numbers get a little bit better.

How to Request

To request the Surge Mastercard, follow these steps:

Step-by-Step Guide to Request the Surge Mastercard

1. Visit the Official Website:
   • Go to the Surge Mastercard official website to start your application.
2. Check Pre-qualification:
   • Look for the pre-qualification form on the homepage. This will let you see if you are likely to be approved without affecting your credit score.
   • Fill in the necessary personal information, such as your name, address, social security number, and annual income.
3. Submit Pre-qualification Form:
   • Submit the form and wait a few minutes for the system to check your eligibility.
   • If pre-qualified, you will receive an offer with potential credit limits and interest rates.
4. Complete the Full Application:
   • If you decide to proceed, complete the full application form. You may need to provide additional information such as employment details and housing costs.
5. Review Terms and Conditions:
   • Carefully read the terms and conditions, including fees and interest rates, to ensure you are aware of all costs associated with the card.
6. Submit the Application:
   • Once you have filled out all required fields and reviewed the terms, submit your application.
   • The bank may perform a hard credit inquiry at this stage, which can impact your credit score slightly.
7. Wait for Approval:
   • After submitting your application, wait for a decision. Approval times can vary, but you might receive an instant decision or be notified within a few days.
8. Receive Your Card:
   • If approved, you will receive your Surge Mastercard in the mail. This can take 7-10 business days.
   • Follow the instructions to activate your card once it arrives.

Tips for a Successful Application

• Ensure Accurate Information: Double-check that all personal and financial information is accurate before submitting the form to avoid delays or denials.
• Check Your Credit Report: Reviewing your credit report before applying can help you understand your credit standing and correct any errors.
• Understand Fees: Be aware of the fees and interest rates associated with the Surge Mastercard, as they can be higher than average.

Conclusion

The Surge Mastercard is a viable option for those looking to build or rebuild their credit. It offers a path to better credit scores but comes with high fees and interest rates. Ensure you understand all associated costs and use the card responsibly to improve your financial standing.