Fit Mastercard Reviews 2022 | The Best and Worst Features of the Card

Find in-depth reviews of the FIT Mastercard credit card, designed for people who want to rebuild or improve their credit scores. Learn about its fees and rewards and

how it compares with other cards on the market today.

Introduction

Are you looking for a new credit card but unsure which one is right for you? You’re in luck! In this post, we’ll be taking a close look at the FIT Mastercard®. We’ll review the good and the bad, so you can decide if this is the right card.

The FIT Mastercard is a credit card issued by the Bank of Missouri and managed by Continental Finance Company. It is an unsecured credit card, meaning no security deposit is required. You can double your initial credit limit within 6 months by making the first six monthly payment on time. This card also offers foreign transactions and cash advances. Credit reporting is available to all three bureaus. The application process is quick and easy.

However, there are also some drawbacks to this card. First, the APR is very high. If you carry a balance on your card, you’ll likely end up paying more in interest than you would with other cards. Second, the fees on this card are also very high. There’s an annual fee, a monthly maintenance fee, and a fee for cash advances and balance transfers.

It is not recommended for individuals with bad credit to apply for this card. If you’re looking for a new credit card and are willing to pay high fees, the FIT Mastercard might be right for you. However, if you’re looking for a low-cost option, you might want to consider other cards.


Quick Facts

  • The FIT Mastercard Credit Card is available to consumers with bad or no credit. 
  • It has a $400 starting credit limit that may be increased to $2,000 after six months of responsible use. 
  • The card offers fraud liability coverage to protect cardholders from unauthorized transactions. 
  • Eligible cardholders can also take advantage of special financing offers on fitness and health-related purchases.
  • The FIT Mastercard Credit Card is a good option for people with bad credit who want to improve their credit score. 
  • Although there is a one-time processing fee of $89 and an annual fee of $99, the card does not have a foreign transaction fee. 
  • The interest rate is 29.99% variable APR, higher than many competing credit cards, but the card does not offer a 0% introductory APR promotion. 
  • There is no rewards program for this card.
  • Monthly reporting to the three major credit bureaus
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere Mastercard® is accepted
  • Free access to your Vantage 3.0 score from Experian* (When you sign up for e-statements)

FIT Mastercard
FIT Mastercard

Pros and Cons

Pros

  • No security deposit required
  • The quick and easy application process
  • Can double your credit limit after six months of responsible use
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere Mastercard® is accepted
  • Free access to your Vantage 3.0 score from Experian
  • Available for Bad Credit
  • Fraud liability coverage

Cons

  • Very high APR
  • High annual, monthly, and cash advance fees
  • Checking Account Required
  • No Rewards Program
  • No intro APR on purchases
  • a foreign transaction fee of 3%.

“Should you apply for a Fit Mastercard Credit Card?”

Before applying for the Fit Mastercard Credit Card, you should consider a few things. Here are some benefits of the card:

Is the Fit Mastercard Credit Card a good choice for people with bad credit
Is the Fit Mastercard Credit Card a good choice for people with bad credit?

#1. No security deposit required

The Fit Mastercard credit card is a great option for people looking to improve their financial health. One of the biggest benefits of this card is that it requires no security deposit.

This means you can get started using your credit card without putting down any money upfront. Many other credit cards require a security deposit, which can be a big advantage if you don’t have the money to put down.

#2. Double your credit limit after six months of responsible use

Another great benefit of the Fit Mastercard credit card is that you can double your credit limit after six months of reliable use. This can be a big help if you’re trying to boost your credit and need access to more credit. A higher credit limit can also help you in an emergency.

#3. Fraud liability coverage

One of the best features of the Fit Mastercard credit card is the fraud liability coverage. This feature protects you from unauthorized transactions. If someone uses your credit card without your permission, you will not be held responsible for the charges. This can give you peace of mind knowing that you’re protected against fraud.

#4. The quick and easy application process

The Fit Mastercard credit card also has a quick and easy application process. You can apply for the card online in just a few minutes. The entire process is streamlined, so you can get approved quickly.

#5. You can use your card anywhere. Mastercard is accepted

Another great thing about the Fit Mastercard credit card is that it can be used anywhere. Mastercard is accepted. This makes it a very versatile credit card to have. You can use it for everyday purchases, travel, and emergencies.

#6.Free access to your Vantage 3.0 score from Experian

When you sign up for e-statements, you’ll get free access to your Vantage 3.0 score from Experian. This is a great way to keep track of your credit score and ensure it’s improving.

#7. Qualify with limited or no credit history

You can still qualify for the Fit Mastercard credit card if you have limited or no credit history. This can be a great option if you’re just starting and trying to build your credit.

#8.Monthly Reporting to the three major credit bureaus

Fit Mastercard credit card also offers monthly reports to all three major bureaus. This can help you keep track of your credit score and ensure it’s improving.


Why should you not get the  Fit Mastercard Credit Card?

Here are some reasons you might not want to get the Fit Mastercard credit card:

#1. Very high APR

No one likes paying interest on their credit card balance, but sometimes it’s impossible to avoid. If you can only make minimum payments or can’t pay off your balance in full each month, you’ll be charged interest on your outstanding balance. And if you have a high APR, that interest can add up.

The Fit Mastercard Credit Card has a whopping 29.99% APR, nearly double the average credit card APR. That means if you carry a balance of $1,000 on your Fit Mastercard, you’ll pay $290 in interest over a year. And if you have a higher balance.

So unless you’re confident you can pay off your monthly balance, we recommend steering clear of the Fit Mastercard Credit Card. You’ll save a lot on interest charges in the long run.

#2. High annual, monthly, and cash advance fees

The Fit Mastercard Credit Card is not recommended because of the high annual, monthly, and cash advance fees. The unsecured credit card has a one-time fee of $89 for people with bad credit. The fee is assessed before account opening and is not subtracted from your initial available credit.

The annual fee for the Fit Mastercard is $99. This represents a yearly cost of approximately $78 greater than the average credit card offer. The Fit Mastercard costs $99 per year, which is more expensive than the top secured credit cards.

There is a $6.25 monthly fee, starting in the second year. It is advised to close the account before it turns one year old, or it will become more expensive. If managed responsibly, credit should improve enough to qualify for a better offer after 12 months.

#3.Checking Account Required

The Fit Mastercard requires you to have a checking account to qualify. This can be an obstacle for those without a checking account or Chexsystems issues.

No Intro APR Offer

#4. No Rewards Program

The Fit Mastercard doesn’t offer any type of rewards program. This is a downside for those who want to earn rewards on their credit card spending.

#5. No intro APR on purchases or balance transfers

Fit Mastercard doesn’t offer an introductory APR on purchases or balance transfers. This is a downside for those who want to save on interest charges.

#6. No cash advances for the first 95 days after you open an account.

The Fit Mastercard doesn’t offer cash advances for the first 95 days after you open an account. This is a downside for those who need access to cash right away.


Who is this card ideal for?

The Fit Mastercard credit card is ideal for people who want to build their credit history. It’s also a great choice for those who want a versatile credit card that can be used for everyday purchases, travel, and emergencies. And if you sign up for e-statements, you’ll get free access to your Vantage 3.0 score from Experian.

To sum it up, the Fit Mastercard credit card is a great choice for people who:

  • Want to build their credit history
  • Need a versatile credit card for everyday purchases, travel, and emergencies
  • Sign up for e-statements and get free access to their Vantage 3.0 score from Experian

The alternative of Fit Mastercard Credit Card?

The Fit Mastercard Credit Card has a whopping 29.99% APR, nearly double the average credit card APR. That means if you carry a balance of $1,000 on your Fit Mastercard, you’ll pay $290 in interest over a year. And if you have a higher balance.

So unless you’re confident you can pay off your monthly balance, we recommend steering clear of the Fit Mastercard Credit Card. You’ll save a lot on interest charges in the long run. Here are some alternatives to the Fit Mastercard Credit Card:

#1. Credit One Bank® Platinum Visa® for Rebuilding Credit

Capital One Bank Platinum Visa for Rebuilding Credit
Capital One Bank Platinum Visa for Rebuilding Credit

The Credit One Bank® Platinum Visa® for Rebuilding Credit offers several advantages over the FIT Mastercard®, making it a better option for those looking to rebuild their credit. For starters, there is no processing or monthly fee with the Credit One card, and its APR for purchases and cash advances is lower than the FIT Mastercard® at 24.74% (variable).

Additionally, the Credit One card offers cash back rewards on nearly all monthly utilities and expenses like gas and groceries, which can help offset the annual fee. Finally, the Credit One card gives cardholders free access to their Experian credit score, which can be a valuable tool in monitoring your credit progress.

Overall, the Credit One Bank® Platinum Visa® for Rebuilding Credit is a more attractive option than the FIT Mastercard® for those looking to rebuild their credit.

#2. Surge Mastercard

Surge Mastercard Credit Card
Surge Mastercard Credit Card

If you’re looking for a credit card with less-than-perfect credit or poor credit, you may wonder if the FIT Mastercard® or the Surge Mastercard® is the better option. Both cards offer similar features, including no rewards, welcome bonuses, or intro offers.

However, some key differences between the two cards could make one a better fit for your needs than the other.

The annual fee for the FIT Mastercard® is $75 to $99, while the annual fee for the Surge Mastercard® is only $99. In addition, the FIT Mastercard® has a monthly maintenance fee of $6.25, while the Surge Mastercard® has monthly fees of $0–$10.

APR is also higher on the FIT Mastercard®, at 29.99%, while only 24.99 to 29.99% on the Surge Mastercard®.

Ultimately, which card is best for you will depend on your individual needs and financial situation. If you’re looking for a card with no monthly fee and a lower APR, the Surge Mastercard® could be the better option.

However, if you don’t mind paying a higher annual fee, the FIT Mastercard® could save you money in the long run.


What Is the Credit Score Needed for the Fit Mastercard Credit Card?

The credit score needed for the Fit Mastercard credit card is 300+. If you have bad credit or poor credit, you can still get this card. This is great news for people looking to improve their credit score but doesn’t have a security deposit for a secured credit card.


Can you increase your credit limit with the Fit Mastercard Credit Card?

You can increase your credit limit with the Fit Mastercard Credit Card. You can request a credit limit increase by calling customer service or logging into your online account. If you have a history of making on-time payments or 12 consecutive minimum monthly payments, you’re more likely to be approved for a higher credit limit.


Bottom line: Is the Fit Mastercard Credit Card a good choice for people with bad credit?

Fit Mastercard Reviews 2022 | The Best and Worst Features of the Card

No, The card is too expensive. It has a one-time fee of $89 before the account is even open, then follows it up with a $99 annual fee, which is joined by a monthly fee after 12 months. In return, users get a $400 credit limit and monthly reporting to the three major credit bureaus. : There aren’t any rewards or other noteworthy perks associated with the card. The relatively high limit could make it helpful for emergencies, but any monthly balance will accrue interest at a very high rate.

Editor's Rating:
3.5

Furthermore, there are lots of far less expensive credit cards that report to the major credit bureaus. Therefore we do not recommend this card for people with bad credit.

However, You can apply for this credit card if you are unable to get approved for other credit cards

Leave a Comment