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$49
Annual fee
11.49%
Purchase APR (variable)
300
Recommended credit score
Review by
Kliment Dukovski is a cryptocurrency and investments writer who has written over 700 articles to help readers find and compare the best financial options. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange and stock market trading.
The OakStone Secured Mastercard® Platinum Credit Card is a no-frills secured card for building credit. A secured card means you have to make a secured deposit between $200 and $5,000 to use the card. Your deposit is returned should you decide to close your account and have no outstanding debt.
With a $49 annual fee, it’s not the cheapest credit-building card, but it’s not an expensive one either. Another highlight is the low-interest rate of 11.49% variable, which can be found only on a few credit-building cards. This is a good benefit if you tend to carry your balance often. But to successfully build your credit, avoid carrying a balance. On the downside, you won’t earn rewards on your purchases.
All things considered, this is not a bad card. However, you can get secured cards with no annual fee that would do the job just as well.
Applying for the OakStone Secured Mastercard® Platinum Credit Card is simple. All you have to do is:
You can apply with poor credit or with no credit history.
Compare other credit cards on the market if the OakStone Secured Mastercard® Platinum Credit Card isn’t right for you. Consider factors such as the card’s annual fee, APR and rewards structure.
The OakStone Secured Mastercard® Platinum Credit Card has no reviews at the time of writing. But Synovus Bank, the card issuer, does. The Better Business Bureau (BBB) has accredited Synovus Bank since 1990 and rates the bank with an A+.
The OakStone Secured Mastercard® Platinum Credit Card is a simple secured card designed for those who want to build credit. With one of the lowest interest rates currently on the market, you could carry your balance without paying a premium. But being a credit-building card, carrying your balance isn’t recommended. If this card isn’t right for you, or you’re looking for a credit-building option with no annual fee, compare no-annual-fee secured credit cards.