The Credit One Bank® Platinum X5 Visa® has a $95 annual fee. You can expect the same added benefits on both cards (free credit score, credit reporting, generous approval rating, $0 fraud liability). Credit One Bank® Platinum X5 Visa® cardholders can earn 5% cash-back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV, and mobile phone service purchases each year, then 1% thereafter. What differentiates the Credit One Bank® Platinum X5 Visa® from the Surge® Platinum Mastercard® is the former earns cash-back rewards. Credit One Bank® Platinum X5 Visa®īoth of these cards are geared towards customers with poor credit. But know that there are better options without any annual or other unnecessary fees. Since both cards report your credit activity on a monthly basis to the major bureaus, either can be a useful tool for those who need to revamp their credit-assuming you are never late on a payment. Since both are unsecured credit cards, no cash deposit is required in exchange for a line of credit.ĭespite the high annual fees, each card accepts applicants with poor credit. Where the Surge may charge you a high annual fee in the first year ( see terms), the Indigo® Mastercard® * comes with a set $0-$99 annual fee every year ranging from $0-$99 depending on your creditworthiness. These two unsecured credit cards are similar except for the annual fee. These unappealing charges mean the Surge should be considered as a last resort to boost your credit. Additional costs apply for authorized users, cash advance purchases and foreign transaction fees. Along with that potentially high annual fee, the card is equipped with a monthly maintenance fee beginning with your second year as a cardholder. The card could come with a high annual fee, depending on your creditworthiness.
The Surge® Platinum Mastercard® can help you achieve your goal of improving your credit history, but it will cost you. The card’s servicer, Continental Finance, reports your payment history to all three credit bureaus (Experian, TransUnion and Equifax), which allows cardholders to build credit with responsible use. But, unlike most cards aimed at the subprime market, it is not a secured card and no upfront security deposit is needed upon approval. Celtic Bank, the card’s issuer, considers applicants with substandard credit. The Surge® Platinum Mastercard® is a credit card designed for those with limited or damaged credit.
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