The First Latitude MasterCard® Secured Credit Card Review

The First Latitude MasterCard® Secured Credit Card is a secured credit card credit card issued by Synovus Bank. If you're wondering whether The First Latitude MasterCard® Secured Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 25.99%
• No annual fee. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.

The First Latitude MasterCard® Secured Credit Card Pros and Cons:

The Good

The Bad

No annual fee. Helpful for building or improving credit. Reports to all three major credit bureaus. No credit history or minimum credit score is required for approval. No annual fee. Considers applicants with fair or poor credit. The First Latitude MasterCard® Secured Credit Card reports to multiple credit bureaus.

You need a minimum security deposit of $200. The initial credit limit will be equal to the amount deposited as security into the account. This amount cannot exceed $2000. The maximum credit limit that can be obtained over time is $5000. High interest rate Higher than average purchase APRs. Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase. Does not include many credit card rewards.

Is there a The First Latitude MasterCard® Secured Credit Card cash back or rewards program?

No, The First Latitude MasterCard® Secured Credit Card does not offer a rewards program.

What are the relevant APRs for The First Latitude MasterCard® Secured Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. The First Latitude MasterCard® Secured Credit Card has higher than average purchase APRs.

The First Latitude MasterCard® Secured Credit Card has a variable purchase APR of 25.99%. It also has a variable cash advance APR of 25.99% .

What are the fees for The First Latitude MasterCard® Secured Credit Card?

The following fees apply to The First Latitude MasterCard® Secured Credit Card:

The First Latitude MasterCard® Secured Credit Card Fees

Fees	Amount
Annual Fee	$0
Returned Payment Fee	up to $29
Late Payment Fee	up to $40

Does The First Latitude MasterCard® Secured Credit Card report your account activity to credit bureaus?

The First Latitude MasterCard® Secured Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for The First Latitude MasterCard® Secured Credit Card

• Visit the The First Latitude MasterCard® Secured Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.