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This article was last updated Aug 20, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.
If you have less-than-perfect credit and are looking for an unsecured credit card to help you get back on track, you should consider the Surge Mastercard® Credit Card. In addition to accepting applicants with good, bad or limited credit, the Surge Mastercard® Credit Card reports to all three major credit bureaus every month. Meaning, if you pay your bill on time each month and maintain a balance under your credit limit, you should be able to build, rebuild or reestablish your credit.
In this review, we’ll break down the pros and cons of the Surge Mastercard® Credit Card, as well as how it compares with the Capital One Platinum Credit Card.
Where the Surge Mastercard® Credit Card stands out
Credit requirement. The Surge Mastercard® Credit Card welcomes all credit types. Whether you have good credit, bad credit or limited credit, you can apply for this card.
Initial credit limit. Depending on your creditworthiness, you may be approved for a card with an initial credit limit of $500. That’s a lot of purchase power for a card that’s designed for individuals with bad or limited credit.
The Capital One Platinum Credit Card, for example, has a starting credit line of $300. More on that card below.
Credit reporting. The Surge Mastercard® Credit Card will report your payment activity to the three major credit bureaus on a monthly basis.
Additional Surge Mastercard® Credit Card benefits
- Fast and easy application process
- Free online access 24/7
- Use anywhere Mastercard is accepted
Where the Surge Mastercard® Credit Card falls short
No rewards. With the Surge Mastercard® Credit Card, you will not earn a sign-up bonus or rewards for the purchases you make. However, that is pretty typical for cards designed for individuals with limited or poor credit.
Annual fee. The annual fee drops in the second year but is effectively replaced by a monthly maintenance fee*.
*Monthly maintenance fee. You will be charged a monthly maintenance fee each month after the first 12 months of card membership.
Compare it with the Capital One Platinum Credit Card
Like the Surge Mastercard® Credit Card, the Capital One Platinum Credit Card is designed for individuals who want to improve their credit. The Capital One Platinum Credit Card rewards you for responsible card usage by increasing your credit limit when you make your first five monthly payments on time.
See how the cards compare side by side in the table below.
|Surge Mastercard® Credit Card||Capital One Platinum Credit Card|
|Annual fee||See website for Details*||$0|
|Regular purchase APR||25.90% – 29.99% (Variable)||26.99% (Variable)|
|Foreign transaction fee||See website for Details*||None|
|Additional fees||See Terms||
While the Surge Mastercard® Credit Card and the Capital One Platinum Credit Card are similar in that neither card offers a sign-up bonus or rewards rate, it may be much less expensive signing up for the Capital One Platinum Credit Card.
The Capital One Platinum Credit Card offers a slightly lower regular APR of 26.99% (Variable) on purchases than the Surge Mastercard® Credit Card. That said, we recommend paying off your balance in full each month — especially if you’re trying to build or establish credit.
The bottom line
Overall, the Surge Mastercard® Credit Card is a decent option if you want an unsecured credit card but have bad or limited credit. But if you don’t want to be stuck paying an additional fee each month after the first 12 months of card membership, you may be better off with a card that doesn’t charge a monthly maintenance fee, like the Capital One Platinum Credit Card.
If you aren’t able to qualify for an unsecured card, you may want to consider a secured card, like the Secured Mastercard® from Capital One, instead. The Secured Mastercard® from Capital One, which requires a refundable deposit (terms apply), also grants an increased line of credit after making your first five monthly payments on time. Additionally, the Secured Mastercard® from Capital One does not charge annual or monthly fees.
Whichever card you choose, remember that your end goal is to establish or improve your credit. Therefore, be sure to use your card responsibly by paying your bill on time and in full (when possible) each month. Also, maintain a low credit utilization ratio (the amount of your credit card balance compared with the credit limit). A good credit utilization ratio is typically below 30% — meaning, if your credit limit is $500, you should keep your card balance under $150.