What did 2 users say about The First Latitude MasterCard® Secured Credit Card? | September 2020

Highlights
Community Rating	Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
Purchase APR (Variable APR)	25.99%
Balance Transfer APR (Variable APR)	N/A
Credit Score Range	300 - 750
Annual Fee	$0

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 & 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.

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.

The First Latitude MasterCard® Secured Credit Card FAQ

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% .

Does The First Latitude MasterCard® Secured Credit Card have an introductory APR offer on balance transfers?

No, The First Latitude MasterCard® Secured Credit Card does not come with an introductory APR offer for balance transfers.

Does The First Latitude MasterCard® Secured Credit Card have an introductory APR offer on new purchases?

The First Latitude MasterCard® Secured Credit Card does not offer an introductory rate on new purchases.

The First Latitude MasterCard® Secured Credit Card Purchase Intro Offer
Description
Introductory Rate	N/A
Purchase Intro APR Period (months)	N/A

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.

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.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters
1111 Bay Avenue
Columbus, GA 31902
(706) 649-2311
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Availability

Available in 46 states and Washington, D.C.

Alabama
Alaska
Arkansas
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Delaware
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Feature Breakdown

No Annual Fee
Annual Fee	$0
No Interest Grace Period for Late Payment	25 days
Cash Advance Fee Minimum	$10
Cash Advance Fee (%)	Up to 3%
Minimum Cash Advance Fee ($)	Starting at $10
Minimum Interest Charge	$1.50
Returned Payment Fee	Up to $29
Late Fee Amount	Up to $40

The First Latitude MasterCard® Secured Credit Card Community Reviews

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Customer Type	Personal
Minimum Age	18
Supported Income Types	1099 Misc. Income Cash Direct Deposit (W2, SSA, SSDI) Payroll Check or Prepaid Card Tax Returns
Military Status	Active Duty Military Military Dependent Non-Military Veterans
Employment Statuses Considered	Employed Full-Time Employed Part-Time Other Retired Self-Employed
Immigration Status Considered	U.S. Citizen U.S. Permanent Resident
Credit Score Range	300 - 750 850 300 750

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